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ESGY.TO vs. XMU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESGY.TO vs. XMU.TO

Last updated Jul 1, 2026
See Documentation

ESGY.TO (BMO MSCI USA Selection Equity Index ETF) and XMU.TO (iShares MSCI Min Vol USA Index ETF) are both Large Cap Blend Equities funds. Over the past 5 years, ESGY.TO returned 16.24%/yr vs 7.85%/yr for XMU.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

ESGY.TO vs. XMU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and iShares MSCI Min Vol USA Index ETF (XMU.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, ESGY.TO achieves a 13.25% return, which is significantly higher than XMU.TO's 6.19% return.

ESGY.TO

1D
1.45%
1M
2.57%
YTD
13.25%
6M
13.11%
1Y
28.69%
3Y*
23.63%
5Y*
16.24%
10Y*
—

XMU.TO

1D
0.01%
1M
3.00%
YTD
6.19%
6M
5.54%
1Y
4.62%
3Y*
10.60%
5Y*
7.85%
10Y*
9.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGY.TO vs. XMU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ESGY.TO
BMO MSCI USA Selection Equity Index ETF		13.25%13.67%33.83%26.54%-15.46%30.67%11.27%
XMU.TO
iShares MSCI Min Vol USA Index ETF		6.19%-0.80%22.08%6.68%-3.58%17.10%-1.02%

Correlation

The correlation between ESGY.TO and XMU.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.46

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

0.48

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

0.45

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 USA Selection Equity Index ETF

iShares MSCI Min Vol USA Index ETF

Often compared with XMU.TO:
XMU.TO vs. ZLU.TOXMU.TO vs. XMV.TOXMU.TO vs. XMS.TOXMU.TO vs. VFV.TOXMU.TO vs. XIT.TOXMU.TO vs. SMMVXMU.TO vs. XST.TO

Return for Risk

ESGY.TO vs. XMU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESGY.TO
ESGY.TO Risk / Return Rank: 7575
Overall Rank
ESGY.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
ESGY.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
ESGY.TO Omega Ratio Rank: 8181
Omega Ratio Rank
ESGY.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
ESGY.TO Martin Ratio Rank: 6464
Martin Ratio Rank
XMU.TO
XMU.TO Risk / Return Rank: 1515
Overall Rank
XMU.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
XMU.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
XMU.TO Omega Ratio Rank: 1515
Omega Ratio Rank
XMU.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
XMU.TO Martin Ratio Rank: 1414
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.

ESGY.TO vs. XMU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Selection Equity Index ETF (ESGY.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.

ESGY.TOXMU.TODifference
Sharpe ratioReturn per unit of total volatility
2.26
0.45

+1.80

Sortino ratioReturn per unit of downside risk
3.26
0.69

+2.57

Omega ratioGain probability vs. loss probability

1.41

1.09

+0.32

Calmar ratioReturn relative to maximum drawdown

2.71

0.55

+2.16

Martin ratioReturn relative to average drawdown

9.84

1.13

+8.71

ESGY.TO vs. XMU.TO - Sharpe Ratio Comparison

The current ESGY.TO Sharpe Ratio is 2.26, which is higher than the XMU.TO Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of ESGY.TO and XMU.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

ESGY.TO vs. XMU.TO - Drawdown Comparison

The maximum ESGY.TO drawdown since its inception was -26.36%, roughly equal to the maximum XMU.TO drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for ESGY.TO and XMU.TO.

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Drawdown Indicators

ESGY.TOXMU.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.36%

-27.31%

+0.95%

Max Drawdown (1Y)

Largest decline over 1 year

-10.62%

-8.45%

-2.17%

Max Drawdown (3Y)

Largest decline over 3 years

-20.83%

-10.97%

-9.86%

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

-20.59%

-2.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.31%

—

Current Drawdown

Current decline from peak

0.00%

-1.75%

+1.75%

Average Drawdown

Average peak-to-trough decline

-5.28%

-4.54%

-0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

4.10%

-1.18%

Volatility

ESGY.TO vs. XMU.TO - Volatility Comparison

BMO MSCI USA Selection Equity Index ETF (ESGY.TO) has a higher volatility of 4.46% compared to iShares MSCI Min Vol USA Index ETF (XMU.TO) at 2.66%. This indicates that ESGY.TO's price experiences larger fluctuations and is considered to be riskier 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

ESGY.TOXMU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

2.66%

+1.80%

Volatility (6M)

Calculated over the trailing 6-month period

10.01%

6.36%

+3.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.77%

10.24%

+2.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

14.67%

+0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.87%

17.08%

-0.21%

Dividends

ESGY.TO vs. XMU.TO - Dividend Comparison

ESGY.TO's dividend yield for the trailing twelve months is around 0.61%, less than XMU.TO's 1.14% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGY.TO
BMO MSCI USA Selection Equity Index ETF		0.61%0.66%0.79%1.16%1.34%1.12%1.44%0.00%0.00%0.00%0.00%0.00%
XMU.TO
iShares MSCI Min Vol USA Index ETF		1.14%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

ESGY.TO and XMU.TO have a correlation of 0.40, 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.

Portfolio Optimizer

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