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XIN.TO vs. EFA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIN.TO vs. EFA

Last updated Jun 4, 2026

XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) and EFA (iShares MSCI EAFE ETF) are both exchange-traded funds - XIN.TO is a Global Equities fund tracking the MSCI EAFE 100% Hedged to CAD Index, while EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Both are passively managed. Over the past 10 years, XIN.TO returned 12.75%/yr vs 9.90%/yr for EFA. Their correlation of 0.81 suggests significant overlap in exposure. XIN.TO charges 0.52%/yr vs 0.32%/yr for EFA.

Performance

XIN.TO vs. EFA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and iShares MSCI EAFE ETF (EFA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XIN.TO is traded in CAD, while EFA is traded in USD. To make them comparable, the EFA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XIN.TO achieves a 9.11% return, which is significantly lower than EFA's 9.80% return. Over the past 10 years, XIN.TO has outperformed EFA with an annualized return of 12.75%, while EFA has yielded a comparatively lower 9.90% annualized return.

XIN.TO

1D
-0.52%
1M
4.48%
YTD
9.11%
6M
10.87%
1Y
21.23%
3Y*
16.54%
5Y*
15.09%
10Y*
12.75%

EFA

1D
-0.45%
1M
5.46%
YTD
9.80%
6M
10.51%
1Y
22.62%
3Y*
17.79%
5Y*
11.38%
10Y*
9.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIN.TO vs. EFA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		9.11%20.30%14.27%19.36%1.59%25.71%-0.02%24.88%-10.05%16.34%
EFA
iShares MSCI EAFE ETF		9.80%25.51%12.38%15.76%-8.28%10.44%5.78%16.04%-6.51%17.11%

Correlation

The correlation between XIN.TO and EFA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2009

0.81

The correlation between XIN.TO and EFA has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

XIN.TO vs. EFA - Sectors Allocation Comparison

Sectors
XIN.TO
EFA

Financial Services

23.3%
24.6%

Industrials

16.6%
19.9%

Technology

10.9%
10.4%

Healthcare

9.5%
10.6%

Consumer Cyclical

7.2%
7.6%

Consumer Defensive

6.8%
6.7%

Basic Materials

5.7%
5.9%

Communication Services

4.0%
4.5%

Energy

3.3%
4.0%

Utilities

3.1%
4.0%

Real Estate

1.6%
1.9%

Financial Services

XIN.TO
23.3%
EFA
24.6%

Industrials

XIN.TO
16.6%
EFA
19.9%

Technology

XIN.TO
10.9%
EFA
10.4%

Healthcare

XIN.TO
9.5%
EFA
10.6%

Consumer Cyclical

XIN.TO
7.2%
EFA
7.6%

Consumer Defensive

XIN.TO
6.8%
EFA
6.7%

Basic Materials

XIN.TO
5.7%
EFA
5.9%

Communication Services

XIN.TO
4.0%
EFA
4.5%

Energy

XIN.TO
3.3%
EFA
4.0%

Utilities

XIN.TO
3.1%
EFA
4.0%

Real Estate

XIN.TO
1.6%
EFA
1.9%

Compare stocks, funds, or ETFs

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iShares MSCI EAFE Index ETF (CAD-Hedged)

iShares MSCI EAFE ETF

Often compared with XIN.TO:
XIN.TO vs. XEF.TOXIN.TO vs. XFH.TOXIN.TO vs. XWD.TOXIN.TO vs. XIU.TOXIN.TO vs. GBAL.TOXIN.TO vs. XUS-U.TOXIN.TO vs. XDW0.L
Often compared with EFA:
EFA vs. IEFAEFA vs. VEAEFA vs. EFGEFA vs. XEF.TOEFA vs. EFAVEFA vs. IEUREFA vs. EFO

Return for Risk

XIN.TO vs. EFA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIN.TO
XIN.TO Risk / Return Rank: 4848
Overall Rank
XIN.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XIN.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XIN.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XIN.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
XIN.TO Martin Ratio Rank: 5252
Martin Ratio Rank
EFA
EFA Risk / Return Rank: 3939
Overall Rank
EFA Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EFA Sortino Ratio Rank: 3939
Sortino Ratio Rank
EFA Omega Ratio Rank: 3838
Omega Ratio Rank
EFA Calmar Ratio Rank: 3737
Calmar Ratio Rank
EFA Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XIN.TO vs. EFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and iShares MSCI EAFE ETF (EFA). 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.

XIN.TOEFADifference
Sharpe ratioReturn per unit of total volatility
1.66
1.61

+0.05

Sortino ratioReturn per unit of downside risk
2.37
2.30

+0.07

Omega ratioGain probability vs. loss probability

1.32

1.30

+0.02

Calmar ratioReturn relative to maximum drawdown

2.19

2.04

+0.15

Martin ratioReturn relative to average drawdown

8.95

8.04

+0.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIN.TO vs. EFA - Sharpe Ratio Comparison

The current XIN.TO Sharpe Ratio is 1.66, which is comparable to the EFA Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of XIN.TO and EFA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XIN.TOEFADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.61

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.84

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

0.68

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.62

-0.23

Drawdowns

XIN.TO vs. EFA - Drawdown Comparison

The maximum XIN.TO drawdown since its inception was -58.14%, which is greater than EFA's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for XIN.TO and EFA.

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Drawdown Indicators

XIN.TOEFADifference

Max Drawdown

Largest peak-to-trough decline

-58.14%

-28.10%

-30.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-11.13%

+1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-14.23%

-14.42%

+0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-15.40%

-23.53%

+8.13%

Max Drawdown (10Y)

Largest decline over 10 years

-33.68%

-28.10%

-5.58%

Current Drawdown

Current decline from peak

-0.72%

-0.45%

-0.27%

Average Drawdown

Average peak-to-trough decline

-12.36%

-5.01%

-7.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

2.82%

-0.44%

Volatility

XIN.TO vs. EFA - Volatility Comparison

The current volatility for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) is 3.99%, while iShares MSCI EAFE ETF (EFA) has a volatility of 4.82%. This indicates that XIN.TO experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIN.TOEFADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

4.82%

-0.83%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

11.88%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

12.83%

14.15%

-1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

13.68%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.44%

14.67%

+1.77%

XIN.TO vs. EFA - Expense Ratio Comparison

XIN.TO has a 0.52% expense ratio, which is higher than EFA's 0.32% expense ratio.

Dividends

XIN.TO vs. EFA - Dividend Comparison

XIN.TO's dividend yield for the trailing twelve months is around 2.66%, less than EFA's 3.12% yield.

PositionTTM20252024202320222021202020192018201720162015
EFA
iShares MSCI EAFE ETF		3.12%3.38%3.24%2.98%2.69%3.33%2.13%3.10%3.39%2.57%3.07%2.76%
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		2.66%2.90%2.66%2.60%2.27%2.98%2.15%3.06%3.43%2.60%2.90%2.80%

Frequently Asked Questions

XIN.TO and EFA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EFA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EFA is cheaper with a 0.32% expense ratio, compared with 0.52% for XIN.TO.

XIN.TO is categorized as Global Equities, while EFA is Foreign Large Cap Equities. XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index, while EFA tracks MSCI EAFE Index (Net). Their fees differ too: 0.52% for XIN.TO and 0.32% for EFA.

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