XUU.TO vs. XEF-U.TO
XUU.TO (iShares Core S&P U.S. Total Market Index ETF) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - XUU.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while XEF-U.TO is a Global Equities fund tracking the MSCI EAFE® Investable Market Index. Both are passively managed. Over the past 10 years, XUU.TO returned 15.61%/yr vs 7.69%/yr for XEF-U.TO. At a 0.31 correlation, their price movements are largely independent. XUU.TO charges 0.07%/yr vs 0.21%/yr for XEF-U.TO.
Performance
XUU.TO vs. XEF-U.TO - Performance Comparison
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Different Trading Currencies
XUU.TO is traded in CAD, while XEF-U.TO is traded in USD. To make them comparable, the XEF-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUU.TO achieves a 11.45% return, which is significantly lower than XEF-U.TO's 12.07% return. Over the past 10 years, XUU.TO has outperformed XEF-U.TO with an annualized return of 15.61%, while XEF-U.TO has yielded a comparatively lower 7.69% annualized return.
XUU.TO
- 1D
- 0.63%
- 1M
- 1.53%
- YTD
- 11.45%
- 6M
- 11.22%
- 1Y
- 29.10%
- 3Y*
- 22.22%
- 5Y*
- 15.33%
- 10Y*
- 15.61%
XEF-U.TO
- 1D
- 0.92%
- 1M
- 3.41%
- YTD
- 12.07%
- 6M
- 12.78%
- 1Y
- 26.15%
- 3Y*
- 18.50%
- 5Y*
- 11.30%
- 10Y*
- 7.69%
XUU.TO vs. XEF-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 11.45% | 11.25% | 34.07% | 23.11% | -13.53% | 25.94% | 16.26% | 23.78% | 2.43% | 12.80% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 12.07% | 25.69% | 11.75% | 13.94% | -9.57% | 11.30% | 7.69% | -15.98% | 0.56% | 9.18% |
Correlation
The correlation between XUU.TO and XEF-U.TO is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.31 |
Over the past year, XUU.TO and XEF-U.TO have become more correlated (0.61) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
XUU.TO vs. XEF-U.TO — Risk / Return Rank
XUU.TO
XEF-U.TO
XUU.TO vs. XEF-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Total Market Index ETF (XUU.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.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.
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.
| XUU.TO | XEF-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.13 | +1.01 |
| Martin ratioReturn relative to average drawdown | 11.81 | 8.26 | +3.55 |
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Drawdowns
XUU.TO vs. XEF-U.TO - Drawdown Comparison
The maximum XUU.TO drawdown since its inception was -28.22%, smaller than the maximum XEF-U.TO drawdown of -42.21%. Use the drawdown chart below to compare losses from any high point for XUU.TO and XEF-U.TO.
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Drawdown Indicators
| XUU.TO | XEF-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -42.21% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -11.34% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -14.64% | -5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | -25.28% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -28.22% | -42.21% | +13.99% |
Current DrawdownCurrent decline from peak | -1.41% | 0.00% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -9.03% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.92% | -0.59% |
Volatility
XUU.TO vs. XEF-U.TO - Volatility Comparison
The current volatility for iShares Core S&P U.S. Total Market Index ETF (XUU.TO) is 4.57%, while iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a volatility of 5.42%. This indicates that XUU.TO experiences smaller price fluctuations and is considered to be less risky than XEF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUU.TO | XEF-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 5.42% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 13.07% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 15.55% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 17.59% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 18.25% | -1.64% |
XUU.TO vs. XEF-U.TO - Expense Ratio Comparison
XUU.TO has a 0.07% expense ratio, which is lower than XEF-U.TO's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUU.TO vs. XEF-U.TO - Dividend Comparison
XUU.TO's dividend yield for the trailing twelve months is around 1.02%, less than XEF-U.TO's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 2.22% | 2.44% | 2.85% | 2.76% | 2.98% | 2.43% | 1.86% | 2.72% | 2.07% | 1.62% | 1.84% | 1.86% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 1.02% | 1.16% | 1.02% | 1.22% | 1.38% | 1.01% | 1.33% | 1.68% | 1.74% | 1.49% | 1.65% | 1.53% |
Frequently Asked Questions
XUU.TO and XEF-U.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUU.TO is cheaper with a 0.07% expense ratio, compared with 0.21% for XEF-U.TO.
XUU.TO is categorized as Large Cap Blend Equities, while XEF-U.TO is Global Equities. XUU.TO tracks S&P Total Market Index, while XEF-U.TO tracks MSCI EAFE® Investable Market Index. Their fees differ too: 0.07% for XUU.TO and 0.21% for XEF-U.TO.
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