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iShares MSCI EAFE Min Vol Factor ETF (EFAV $85.18)
- $85.18 P/E (TTM): 25.31X Cap: $5.40B
- View EFAV Profile
- View Questions on EFAV
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML $30.46)
- $30.46 P/E (TTM): 25.31X Cap: $36M
- View XML Profile
- View Questions on XML

Q: Good day. XML is the Canadian hedged EFAV. It holds nothing but EFAV. But EFAV is up 17% ytd while XML is only up 9.7%. Could you explain why there is such a gap? Surely hedging can't cost that much.

Asked by John on May 22, 2025

5i Research Answer:

The move in CAD/USD is about 4% over that period. So that closes the gap a bit, but there is...

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