XID.TO vs. XEF.TO
XID.TO (iShares India Index ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - XID.TO is a Asia Pacific Equities fund tracking the Morningstar Gbl GR CAD, while XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD). Both are passively managed. Over the past 10 years, XID.TO returned 6.69%/yr vs 9.77%/yr for XEF.TO. At a 0.46 correlation, their price movements are largely independent. XID.TO charges 1.08%/yr vs 0.23%/yr for XEF.TO.
Performance
XID.TO vs. XEF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XID.TO achieves a -14.17% return, which is significantly lower than XEF.TO's 9.95% return. Over the past 10 years, XID.TO has underperformed XEF.TO with an annualized return of 6.69%, while XEF.TO has yielded a comparatively higher 9.77% annualized return.
XID.TO
- 1D
- -0.95%
- 1M
- -1.28%
- YTD
- -14.17%
- 6M
- -14.49%
- 1Y
- -13.67%
- 3Y*
- 2.43%
- 5Y*
- 3.77%
- 10Y*
- 6.69%
XEF.TO
- 1D
- -0.41%
- 1M
- 5.38%
- YTD
- 9.95%
- 6M
- 10.72%
- 1Y
- 23.12%
- 3Y*
- 17.83%
- 5Y*
- 10.89%
- 10Y*
- 9.77%
XID.TO vs. XEF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XID.TO iShares India Index ETF | -14.17% | -0.28% | 12.36% | 14.07% | -0.64% | 17.51% | 7.86% | 4.33% | 3.73% | 26.87% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 9.95% | 25.69% | 12.04% | 15.21% | -9.53% | 10.36% | 6.13% | 15.86% | -6.65% | 18.19% |
Correlation
The correlation between XID.TO and XEF.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.46 |
The correlation between XID.TO and XEF.TO has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
XID.TO vs. XEF.TO - Sectors Allocation Comparison
Sectors
XID.TO
XEF.TO
Financial Services
Energy
Consumer Cyclical
Technology
Industrials
Basic Materials
Consumer Defensive
Communication Services
Healthcare
Utilities
Real Estate
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Financial Services
XID.TO
XEF.TO
Energy
XID.TO
XEF.TO
Consumer Cyclical
XID.TO
XEF.TO
Technology
XID.TO
XEF.TO
Industrials
XID.TO
XEF.TO
Basic Materials
XID.TO
XEF.TO
Consumer Defensive
XID.TO
XEF.TO
Communication Services
XID.TO
XEF.TO
Healthcare
XID.TO
XEF.TO
Utilities
XID.TO
XEF.TO
Real Estate
XID.TO
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XEF.TO
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Return for Risk
XID.TO vs. XEF.TO — Risk / Return Rank
XID.TO
XEF.TO
XID.TO vs. XEF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XID.TO | XEF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.31 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.06 | -2.79 |
| Martin ratioReturn relative to average drawdown | -1.60 | 8.22 | -9.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XID.TO | XEF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 1.68 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.81 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.66 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.71 | -0.38 |
Drawdowns
XID.TO vs. XEF.TO - Drawdown Comparison
The maximum XID.TO drawdown since its inception was -42.26%, which is greater than XEF.TO's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XID.TO and XEF.TO.
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Drawdown Indicators
| XID.TO | XEF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.26% | -28.51% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.75% | -11.27% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -14.32% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -24.58% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -28.51% | -10.95% |
Current DrawdownCurrent decline from peak | -18.69% | -1.09% | -17.60% |
Average DrawdownAverage peak-to-trough decline | -10.43% | -4.62% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 2.82% | +5.75% |
Volatility
XID.TO vs. XEF.TO - Volatility Comparison
iShares India Index ETF (XID.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO) have volatilities of 4.96% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XID.TO | XEF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.77% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 11.56% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 13.85% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.32% | 13.58% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 14.85% | +3.37% |
XID.TO vs. XEF.TO - Expense Ratio Comparison
XID.TO has a 1.08% expense ratio, which is higher than XEF.TO's 0.23% expense ratio.
Dividends
XID.TO vs. XEF.TO - Dividend Comparison
XID.TO's dividend yield for the trailing twelve months is around 16.69%, more than XEF.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.21% | 2.43% | 2.76% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% |
XID.TO iShares India Index ETF | 16.69% | 14.32% | 0.17% | 0.42% | 3.45% | 6.82% | 0.03% | 0.43% | 0.39% | 0.16% | 0.36% | 0.36% |
Frequently Asked Questions
XID.TO and XEF.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF.TO is cheaper with a 0.23% expense ratio, compared with 1.08% for XID.TO.
XID.TO is categorized as Asia Pacific Equities, while XEF.TO is Foreign Large Cap Equities. XID.TO tracks Morningstar Gbl GR CAD, while XEF.TO tracks MSCI EAFE Investable Market Index (CAD). Their fees differ too: 1.08% for XID.TO and 0.23% for XEF.TO.
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