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iShares MSCI EAFE Min Vol Factor ETF (EFAV $84.65)
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iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML $29.79)
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.