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ESGG.TO vs. XMY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESGG.TO vs. XMY.TO

Last updated Jul 18, 2026
Documentation

ESGG.TO (BMO MSCI Global Selection Equity Index ETF) and XMY.TO (iShares MSCI Min Vol Global Index ETF (CAD-Hedged)) are both Global Equities funds. Over the past 5 years, ESGG.TO returned 13.44%/yr vs 5.87%/yr for XMY.TO. At a 0.37 correlation, their price movements are largely independent.

Performance

ESGG.TO vs. XMY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI Global Selection Equity Index ETF (ESGG.TO) and iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ESGG.TO achieves a 10.74% return, which is significantly higher than XMY.TO's 3.07% return.

ESGG.TO

1D
-1.13%
1M
-1.17%
6M
7.04%
YTD
10.74%
1Y
21.99%
3Y*
19.71%
5Y*
13.44%
10Y*
—

XMY.TO

1D
0.71%
1M
0.96%
6M
2.98%
YTD
3.07%
1Y
6.03%
3Y*
9.55%
5Y*
5.87%
10Y*
6.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGG.TO vs. XMY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ESGG.TO
BMO MSCI Global Selection Equity Index ETF		10.74%15.44%27.08%23.34%-14.25%23.71%8.86%
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		3.07%9.22%13.48%7.15%-7.59%16.37%-3.86%

Correlation

The correlation between ESGG.TO and XMY.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2020

0.37

Over the past year, the correlation between ESGG.TO and XMY.TO has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

ESGG.TO vs. XMY.TO - Sectors Allocation Comparison

Sectors
ESGG.TO
XMY.TO

Technology

30.5%
25.8%

Financial Services

14.6%
13.2%

Communication Services

12.0%
11.9%

Industrials

10.5%
8.1%

Healthcare

9.4%
13.0%

Consumer Cyclical

7.9%
5.1%

Consumer Defensive

4.8%
9.8%

Basic Materials

3.5%
1.5%

Energy

2.8%
3.7%

Real Estate

2.1%
0.6%

Utilities

2.0%
7.3%

Technology

ESGG.TO
30.5%
XMY.TO
25.8%

Financial Services

ESGG.TO
14.6%
XMY.TO
13.2%

Communication Services

ESGG.TO
12.0%
XMY.TO
11.9%

Industrials

ESGG.TO
10.5%
XMY.TO
8.1%

Healthcare

ESGG.TO
9.4%
XMY.TO
13.0%

Consumer Cyclical

ESGG.TO
7.9%
XMY.TO
5.1%

Consumer Defensive

ESGG.TO
4.8%
XMY.TO
9.8%

Basic Materials

ESGG.TO
3.5%
XMY.TO
1.5%

Energy

ESGG.TO
2.8%
XMY.TO
3.7%

Real Estate

ESGG.TO
2.1%
XMY.TO
0.6%

Utilities

ESGG.TO
2.0%
XMY.TO
7.3%

Compare stocks, funds, or ETFs

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

BMO MSCI Global Selection Equity Index ETF

iShares MSCI Min Vol Global Index ETF (CAD-Hedged)

Often compared with ESGG.TO:
ESGG.TO vs. ONEQ.TOESGG.TO vs. CYH.TOESGG.TO vs. XMI.TOESGG.TO vs. VEQT.TOESGG.TO vs. CMGG.TOESGG.TO vs. HEQT.TOESGG.TO vs. VDU.TO
Often compared with XMY.TO:
XMY.TO vs. XMU.TOXMY.TO vs. XMV.TOXMY.TO vs. XML.TOXMY.TO vs. CAGE.TOXMY.TO vs. FCIN.NEOXMY.TO vs. XEQT.TOXMY.TO vs. VMO.TO

Return for Risk

ESGG.TO vs. XMY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESGG.TO
ESGG.TO Risk / Return Rank: 7474
Overall Rank
ESGG.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ESGG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
ESGG.TO Omega Ratio Rank: 7878
Omega Ratio Rank
ESGG.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
ESGG.TO Martin Ratio Rank: 7171
Martin Ratio Rank
XMY.TO
XMY.TO Risk / Return Rank: 2424
Overall Rank
XMY.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
XMY.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
XMY.TO Omega Ratio Rank: 2424
Omega Ratio Rank
XMY.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
XMY.TO Martin Ratio Rank: 2828
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.

ESGG.TO vs. XMY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Global Selection Equity Index ETF (ESGG.TO) and iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.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.

ESGG.TOXMY.TODifference
Sharpe ratioReturn per unit of total volatility
1.88
0.59

+1.28

Sortino ratioReturn per unit of downside risk
2.74
0.88

+1.86

Omega ratioGain probability vs. loss probability

1.34

1.14

+0.21

Calmar ratioReturn relative to maximum drawdown

2.38

0.90

+1.48

Martin ratioReturn relative to average drawdown

9.40

2.94

+6.46

ESGG.TO vs. XMY.TO - Sharpe Ratio Comparison

The current ESGG.TO Sharpe Ratio is 1.88, which is higher than the XMY.TO Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of ESGG.TO and XMY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ESGG.TO vs. XMY.TO - Drawdown Comparison

The maximum ESGG.TO drawdown since its inception was -27.90%, roughly equal to the maximum XMY.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for ESGG.TO and XMY.TO.

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Drawdown Indicators

ESGG.TOXMY.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.90%

-29.00%

+1.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.27%

-6.74%

-2.53%

Max Drawdown (3Y)

Largest decline over 3 years

-17.79%

-8.10%

-9.69%

Max Drawdown (5Y)

Largest decline over 5 years

-25.31%

-13.89%

-11.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.00%

—

Current Drawdown

Current decline from peak

-2.98%

-1.46%

-1.52%

Average Drawdown

Average peak-to-trough decline

-5.78%

-3.27%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.34%

2.05%

+0.29%

Volatility

ESGG.TO vs. XMY.TO - Volatility Comparison

BMO MSCI Global Selection Equity Index ETF (ESGG.TO) has a higher volatility of 2.96% compared to iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) at 2.76%. This indicates that ESGG.TO's price experiences larger fluctuations and is considered to be riskier than XMY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESGG.TOXMY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.76%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.61%

8.98%

+0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.79%

10.22%

+1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.40%

10.19%

+4.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.33%

11.51%

+4.82%

Dividends

ESGG.TO vs. XMY.TO - Dividend Comparison

ESGG.TO's dividend yield for the trailing twelve months is around 0.88%, less than XMY.TO's 1.73% yield.

PositionTTM2025202420232022202120202019201820172016
ESGG.TO
BMO MSCI Global Selection Equity Index ETF		0.88%1.01%1.20%1.56%1.82%1.53%1.87%0.00%0.00%0.00%0.00%
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		1.73%1.90%1.91%1.90%1.71%1.40%1.37%2.16%1.45%1.57%2.07%

Frequently Asked Questions

ESGG.TO and XMY.TO have a correlation of 0.16, 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: BMO and iShares.

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