XIEE.DE vs. CDZ.TO
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and CDZ.TO (iShares S&P/TSX Canadian Dividend Aristocrats Index ETF) are both exchange-traded funds - XIEE.DE is a Europe Equities fund tracking the MSCI Europe, while CDZ.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 10 years, XIEE.DE returned 9.13%/yr vs 8.43%/yr for CDZ.TO. A 0.52 correlation means they provide meaningful diversification when combined. XIEE.DE charges 0.12%/yr vs 0.66%/yr for CDZ.TO.
Performance
XIEE.DE vs. CDZ.TO - Performance Comparison
Loading charts...
Different Trading Currencies
XIEE.DE is traded in EUR, while CDZ.TO is traded in CAD. To make them comparable, the CDZ.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XIEE.DE achieves a 7.03% return, which is significantly lower than CDZ.TO's 13.40% return. Over the past 10 years, XIEE.DE has outperformed CDZ.TO with an annualized return of 9.13%, while CDZ.TO has yielded a comparatively lower 8.43% annualized return.
XIEE.DE
- 1D
- -0.72%
- 1M
- 3.78%
- YTD
- 7.03%
- 6M
- 9.80%
- 1Y
- 15.99%
- 3Y*
- 13.32%
- 5Y*
- 9.86%
- 10Y*
- 9.13%
CDZ.TO
- 1D
- -0.19%
- 1M
- 1.97%
- YTD
- 13.40%
- 6M
- 11.78%
- 1Y
- 18.35%
- 3Y*
- 12.42%
- 5Y*
- 8.27%
- 10Y*
- 8.43%
XIEE.DE vs. CDZ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.03% | 20.34% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 27.82% | -11.03% | 10.26% |
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 13.40% | 4.78% | 15.71% | 8.12% | -5.30% | 32.96% | -9.46% | 34.94% | -11.97% | -1.62% |
Correlation
The correlation between XIEE.DE and CDZ.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2015 | 0.52 |
Over the past year, the correlation between XIEE.DE and CDZ.TO has dropped to 0.23 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XIEE.DE vs. CDZ.TO — Risk / Return Rank
XIEE.DE
CDZ.TO
XIEE.DE vs. CDZ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) and iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.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.
| XIEE.DE | CDZ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.57 | -2.91 |
| Martin ratioReturn relative to average drawdown | 6.31 | 13.64 | -7.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XIEE.DE | CDZ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.99 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.63 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.48 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.59 | -0.07 |
Drawdowns
XIEE.DE vs. CDZ.TO - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.51%, smaller than the maximum CDZ.TO drawdown of -50.16%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and CDZ.TO.
Loading charts...
Drawdown Indicators
| XIEE.DE | CDZ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -50.16% | +14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -4.04% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -17.80% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -21.84% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -50.16% | +14.65% |
Current DrawdownCurrent decline from peak | -2.21% | -0.68% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -7.16% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.36% | +1.17% |
Volatility
XIEE.DE vs. CDZ.TO - Volatility Comparison
Xtrackers MSCI Europe UCITS ETF (XIEE.DE) has a higher volatility of 4.77% compared to iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) at 2.56%. This indicates that XIEE.DE's price experiences larger fluctuations and is considered to be riskier than CDZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XIEE.DE | CDZ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 2.56% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 7.35% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 9.28% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 13.15% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 17.75% | -2.21% |
XIEE.DE vs. CDZ.TO - Expense Ratio Comparison
XIEE.DE has a 0.12% expense ratio, which is lower than CDZ.TO's 0.66% expense ratio.
Dividends
XIEE.DE vs. CDZ.TO - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.45%, less than CDZ.TO's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 3.07% | 3.46% | 3.56% | 3.71% | 3.67% | 2.95% | 3.70% | 3.68% | 4.37% | 3.43% | 3.51% | 3.72% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.45% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
Frequently Asked Questions
XIEE.DE and CDZ.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.66% for CDZ.TO.
XIEE.DE is categorized as Europe Equities, while CDZ.TO is Canada Equities. XIEE.DE tracks MSCI Europe, while CDZ.TO tracks Morningstar Canada GR CAD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XIEE.DE and 0.66% for CDZ.TO.
Find the right allocation for XIEE.DE and CDZ.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer