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BMAX.TO vs. XAW.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BMAX.TO vs. XAW.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).

BMAX.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAX.TO is managed by Brompton Funds. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015.

Performance

BMAX.TO vs. XAW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO). The values are adjusted to include any dividend payments, if applicable.

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BMAX.TO vs. XAW.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		-2.51%17.88%19.42%11.56%6.10%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		-0.55%15.87%26.31%18.45%6.39%

Returns By Period

In the year-to-date period, BMAX.TO achieves a -2.51% return, which is significantly lower than XAW.TO's -0.55% return.

BMAX.TO

1D
1.60%
1M
-6.63%
YTD
-2.51%
6M
0.67%
1Y
13.77%
3Y*
14.86%
5Y*
—
10Y*
—

XAW.TO

1D
2.89%
1M
-4.43%
YTD
-0.55%
6M
1.14%
1Y
16.64%
3Y*
17.31%
5Y*
11.27%
10Y*
11.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Brompton Enhanced Multi-Asset Income ETF

iShares Core MSCI All Country World ex Canada Index ETF

Often compared with BMAX.TO:
BMAX.TO vs. HDIV.TOBMAX.TO vs. UTES.TOBMAX.TO vs. CLSA.TOBMAX.TO vs. HUTE.TOBMAX.TO vs. BANK.TOBMAX.TO vs. DFN.TOBMAX.TO vs. GDV.TO
Often compared with XAW.TO:
XAW.TO vs. XEQT.TOXAW.TO vs. VXC.TOXAW.TO vs. VEQT.TOXAW.TO vs. XUU.TOXAW.TO vs. XIC.TOXAW.TO vs. XGRO.TOXAW.TO vs. VT

BMAX.TO vs. XAW.TO - Expense Ratio Comparison

BMAX.TO has a 2.62% expense ratio, which is higher than XAW.TO's 0.22% expense ratio.

BMAX.TO
Brompton Enhanced Multi-Asset Income ETF
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF

Return for Risk

BMAX.TO vs. XAW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMAX.TO
BMAX.TO Risk / Return Rank: 5151
Overall Rank
BMAX.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
BMAX.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
BMAX.TO Omega Ratio Rank: 5656
Omega Ratio Rank
BMAX.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
BMAX.TO Martin Ratio Rank: 5555
Martin Ratio Rank
XAW.TO
XAW.TO Risk / Return Rank: 6161
Overall Rank
XAW.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
XAW.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XAW.TO Omega Ratio Rank: 6363
Omega Ratio Rank
XAW.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
XAW.TO Martin Ratio Rank: 6464
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.

BMAX.TO vs. XAW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.

BMAX.TOXAW.TODifference

Sharpe ratio

Return per unit of total volatility

0.89

0.97

-0.08

Sortino ratio

Return per unit of downside risk

1.29

1.41

-0.12

Omega ratio

Gain probability vs. loss probability

1.21

1.22

-0.01

Calmar ratio

Return relative to maximum drawdown

1.24

1.40

-0.17

Martin ratio

Return relative to average drawdown

5.41

5.92

-0.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMAX.TO vs. XAW.TO - Sharpe Ratio Comparison

The current BMAX.TO Sharpe Ratio is 0.89, which is comparable to the XAW.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of BMAX.TO and XAW.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BMAX.TOXAW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

0.97

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.84

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.16

0.71

+0.45

Correlation

The correlation between BMAX.TO and XAW.TO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BMAX.TO vs. XAW.TO - Dividend Comparison

BMAX.TO's dividend yield for the trailing twelve months is around 9.43%, more than XAW.TO's 1.34% yield.

TTM20252024202320222021202020192018201720162015
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.43%9.70%9.64%9.55%2.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.34%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.29%1.92%1.80%1.83%

Drawdowns

BMAX.TO vs. XAW.TO - Drawdown Comparison

The maximum BMAX.TO drawdown since its inception was -15.42%, smaller than the maximum XAW.TO drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and XAW.TO.

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Drawdown Indicators

BMAX.TOXAW.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.42%

-27.32%

+11.90%

Max Drawdown (1Y)

Largest decline over 1 year

-11.30%

-12.29%

+0.99%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.02%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.32%

—

Current Drawdown

Current decline from peak

-7.89%

-5.50%

-2.39%

Average Drawdown

Average peak-to-trough decline

-1.92%

-3.96%

+2.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.91%

-0.32%

Volatility

BMAX.TO vs. XAW.TO - Volatility Comparison

The current volatility for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) is 4.71%, while iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) has a volatility of 6.20%. This indicates that BMAX.TO experiences smaller price fluctuations and is considered to be less risky than XAW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMAX.TOXAW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

6.20%

-1.49%

Volatility (6M)

Calculated over the trailing 6-month period

8.22%

9.73%

-1.51%

Volatility (1Y)

Calculated over the trailing 1-year period

15.51%

17.20%

-1.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

13.46%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.14%

15.08%

-1.94%