BGU.TO vs. XMU.TO
BGU.TO (Bristol Gate Concentrated US Equity ETF) and XMU.TO (iShares MSCI Min Vol USA Index ETF) are both Large Cap Blend Equities funds. BGU.TO is actively managed, while XMU.TO is passively managed. Over the past 5 years, BGU.TO returned 9.27%/yr vs 6.69%/yr for XMU.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
BGU.TO vs. XMU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGU.TO achieves a 7.16% return, which is significantly higher than XMU.TO's 4.75% return.
BGU.TO
- 1D
- -0.54%
- 1M
- 0.99%
- 6M
- 3.59%
- YTD
- 7.16%
- 1Y
- 12.19%
- 3Y*
- 13.49%
- 5Y*
- 9.27%
- 10Y*
- —
XMU.TO
- 1D
- -1.12%
- 1M
- 0.10%
- 6M
- 3.24%
- YTD
- 4.75%
- 1Y
- 4.11%
- 3Y*
- 10.15%
- 5Y*
- 6.69%
- 10Y*
- 8.82%
BGU.TO vs. XMU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 7.16% | 4.62% | 18.85% | 20.28% | -13.23% | 30.22% | 8.27% | 30.25% | 2.31% |
XMU.TO iShares MSCI Min Vol USA Index ETF | 4.75% | -0.80% | 22.08% | 6.68% | -3.58% | 17.10% | 3.13% | 20.92% | 8.23% |
Correlation
The correlation between BGU.TO and XMU.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.52 |
The correlation between BGU.TO and XMU.TO has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
BGU.TO vs. XMU.TO — Risk / Return Rank
BGU.TO
XMU.TO
BGU.TO vs. XMU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated US Equity ETF (BGU.TO) and iShares MSCI Min Vol USA Index ETF (XMU.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.
| BGU.TO | XMU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.08 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.49 | +0.61 |
| Martin ratioReturn relative to average drawdown | 3.07 | 1.00 | +2.07 |
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Drawdowns
BGU.TO vs. XMU.TO - Drawdown Comparison
The maximum BGU.TO drawdown since its inception was -31.66%, which is greater than XMU.TO's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for BGU.TO and XMU.TO.
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Drawdown Indicators
| BGU.TO | XMU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -27.31% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -8.45% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -10.97% | -6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -20.59% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.31% | — |
Current DrawdownCurrent decline from peak | -2.10% | -3.60% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.53% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.11% | -0.13% |
Volatility
BGU.TO vs. XMU.TO - Volatility Comparison
The current volatility for Bristol Gate Concentrated US Equity ETF (BGU.TO) is 3.40%, while iShares MSCI Min Vol USA Index ETF (XMU.TO) has a volatility of 3.69%. This indicates that BGU.TO experiences smaller price fluctuations and is considered to be less risky than XMU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGU.TO | XMU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.69% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 6.74% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 10.49% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.71% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 17.09% | +1.26% |
Dividends
BGU.TO vs. XMU.TO - Dividend Comparison
BGU.TO has not paid dividends to shareholders, while XMU.TO's dividend yield for the trailing twelve months is around 1.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.15% | 1.13% | 1.19% | 1.41% | 1.17% | 1.09% | 1.72% | 1.47% | 1.51% | 1.63% | 1.87% | 1.46% |
Frequently Asked Questions
BGU.TO and XMU.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Bristol Gate and iShares.
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