PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XIU.TO vs. IEFA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. IEFA

Last updated Jun 13, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and IEFA (iShares Core MSCI EAFE ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while IEFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net). Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 10.86%/yr for IEFA. A 0.62 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.07%/yr for IEFA.

Performance

XIU.TO vs. IEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core MSCI EAFE ETF (IEFA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with XIU.TO having a 11.35% return and IEFA slightly higher at 11.85%. Over the past 10 years, XIU.TO has outperformed IEFA with an annualized return of 13.04%, while IEFA has yielded a comparatively lower 10.86% annualized return.

XIU.TO

1D
0.62%
1M
4.37%
YTD
11.35%
6M
12.04%
1Y
32.43%
3Y*
22.94%
5Y*
14.53%
10Y*
13.04%

IEFA

1D
0.47%
1M
2.99%
YTD
11.85%
6M
12.78%
1Y
23.73%
3Y*
18.09%
5Y*
11.29%
10Y*
10.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. IEFA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		11.35%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
IEFA
iShares Core MSCI EAFE ETF		11.85%26.05%12.01%15.15%-9.87%11.58%5.61%17.59%-6.93%18.00%

Correlation

The correlation between XIU.TO and IEFA is 0.60, 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

0.60

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

0.64

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

0.65

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

0.63

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2012

0.62

The correlation between XIU.TO and IEFA has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

XIU.TO vs. IEFA - Sectors Allocation Comparison

Sectors
XIU.TO
IEFA

Financial Services

39.4%
22.5%

Energy

18.6%
3.8%

Basic Materials

13.3%
7.0%

Technology

8.8%
10.8%

Industrials

7.9%
20.1%

Consumer Cyclical

4.1%
8.0%

Consumer Defensive

3.2%
6.6%

Utilities

2.6%
3.6%

Communication Services

2.0%
4.4%

Real Estate

0.2%
3.0%

Healthcare

-

9.5%

Financial Services

XIU.TO
39.4%
IEFA
22.5%

Energy

XIU.TO
18.6%
IEFA
3.8%

Basic Materials

XIU.TO
13.3%
IEFA
7.0%

Technology

XIU.TO
8.8%
IEFA
10.8%

Industrials

XIU.TO
7.9%
IEFA
20.1%

Consumer Cyclical

XIU.TO
4.1%
IEFA
8.0%

Consumer Defensive

XIU.TO
3.2%
IEFA
6.6%

Utilities

XIU.TO
2.6%
IEFA
3.6%

Communication Services

XIU.TO
2.0%
IEFA
4.4%

Real Estate

XIU.TO
0.2%
IEFA
3.0%

Healthcare

XIU.TO

-

IEFA
9.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX 60 Index ETF

iShares Core MSCI EAFE ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with IEFA:
IEFA vs. VEAIEFA vs. VXUSIEFA vs. EFAIEFA vs. FSPSXIEFA vs. IEMGIEFA vs. XEF.TOIEFA vs. IXUS

Return for Risk

XIU.TO vs. IEFA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8989
Overall Rank
XIU.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9292
Martin Ratio Rank
IEFA
IEFA Risk / Return Rank: 4444
Overall Rank
IEFA Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IEFA Sortino Ratio Rank: 4444
Sortino Ratio Rank
IEFA Omega Ratio Rank: 4343
Omega Ratio Rank
IEFA Calmar Ratio Rank: 4242
Calmar Ratio Rank
IEFA Martin Ratio Rank: 4848
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.

XIU.TO vs. IEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core MSCI EAFE ETF (IEFA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XIU.TOIEFADifference
Sharpe ratioReturn per unit of total volatility
2.71
1.49

+1.21

Sortino ratioReturn per unit of downside risk
3.61
2.15

+1.46

Omega ratioGain probability vs. loss probability

1.49

1.27

+0.22

Calmar ratioReturn relative to maximum drawdown

4.26

2.12

+2.14

Martin ratioReturn relative to average drawdown

19.57

8.13

+11.44

XIU.TO vs. IEFA - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is higher than the IEFA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XIU.TO and IEFA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XIU.TO vs. IEFA - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than IEFA's maximum drawdown of -29.92%. Use the drawdown chart below to compare losses from any high point for XIU.TO and IEFA.

Loading charts...

Drawdown Indicators

XIU.TOIEFADifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-29.92%

-17.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-11.27%

+3.62%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-14.32%

+1.96%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-24.68%

+8.32%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-29.92%

-5.54%

Current Drawdown

Current decline from peak

-0.19%

0.00%

-0.19%

Average Drawdown

Average peak-to-trough decline

-6.85%

-4.52%

-2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

2.94%

-1.28%

Volatility

XIU.TO vs. IEFA - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 5.66%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XIU.TOIEFADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

5.66%

-1.60%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

13.45%

-3.83%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

15.97%

-3.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

17.64%

-4.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

18.40%

-3.38%

XIU.TO vs. IEFA - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than IEFA's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XIU.TO vs. IEFA - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.18%, less than IEFA's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
IEFA
iShares Core MSCI EAFE ETF		3.24%3.55%3.47%3.20%2.70%3.32%1.90%3.18%3.46%2.57%2.96%2.63%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.18%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and IEFA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEFA is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEFA is cheaper with a 0.07% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO is categorized as Canada Equities, while IEFA is Foreign Large Cap Equities. XIU.TO tracks S&P/TSX 60 Index, while IEFA tracks MSCI EAFE IMI Index (Net). Their fees differ too: 0.18% for XIU.TO and 0.07% for IEFA.

Portfolio Optimizer

Find the right allocation for XIU.TO and IEFA

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