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ETHI.TO vs. XML.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ETHI.TO vs. XML.TO

Last updated Jul 16, 2026
Documentation

ETHI.TO (Global X Global Sustainability Leaders Index ETF) and XML.TO (iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)) are both Global Equities funds. ETHI.TO is actively managed, while XML.TO is passively managed. Over the past 5 years, ETHI.TO returned 6.68%/yr vs 9.31%/yr for XML.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

ETHI.TO vs. XML.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Global Sustainability Leaders Index ETF (ETHI.TO) and iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.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, ETHI.TO achieves a 8.35% return, which is significantly higher than XML.TO's 7.35% return.

ETHI.TO

1D
0.11%
1M
2.07%
6M
8.18%
YTD
8.35%
1Y
14.76%
3Y*
13.04%
5Y*
6.68%
10Y*
—

XML.TO

1D
-0.18%
1M
2.95%
6M
5.44%
YTD
7.35%
1Y
15.01%
3Y*
14.49%
5Y*
9.31%
10Y*
7.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHI.TO vs. XML.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ETHI.TO
Global X Global Sustainability Leaders Index ETF		8.35%8.90%15.46%23.45%-23.60%22.09%35.86%27.19%-2.52%
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		7.35%17.56%14.13%11.69%-6.94%13.27%-5.87%16.26%-3.34%

Correlation

The correlation between ETHI.TO and XML.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.27

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

0.34

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2018

0.38

The correlation between ETHI.TO and XML.TO shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Global X Global Sustainability Leaders Index ETF

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

Often compared with XML.TO:
XML.TO vs. XIN.TOXML.TO vs. XSP.TOXML.TO vs. XEQT.TOXML.TO vs. XMI.TOXML.TO vs. HXQ.TOXML.TO vs. XMW.TOXML.TO vs. XMU.TO

Return for Risk

ETHI.TO vs. XML.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETHI.TO
ETHI.TO Risk / Return Rank: 3434
Overall Rank
ETHI.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
ETHI.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
ETHI.TO Omega Ratio Rank: 3232
Omega Ratio Rank
ETHI.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
ETHI.TO Martin Ratio Rank: 3737
Martin Ratio Rank
XML.TO
XML.TO Risk / Return Rank: 6060
Overall Rank
XML.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XML.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XML.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XML.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
XML.TO Martin Ratio Rank: 5252
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.

ETHI.TO vs. XML.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Global Sustainability Leaders Index ETF (ETHI.TO) and iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.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.

ETHI.TOXML.TODifference
Sharpe ratioReturn per unit of total volatility
1.06
1.63

-0.58

Sortino ratioReturn per unit of downside risk
1.59
2.32

-0.73

Omega ratioGain probability vs. loss probability

1.19

1.34

-0.16

Calmar ratioReturn relative to maximum drawdown

1.28

2.33

-1.05

Martin ratioReturn relative to average drawdown

4.64

7.27

-2.64

ETHI.TO vs. XML.TO - Sharpe Ratio Comparison

The current ETHI.TO Sharpe Ratio is 1.06, which is lower than the XML.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of ETHI.TO and XML.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

ETHI.TO vs. XML.TO - Drawdown Comparison

The maximum ETHI.TO drawdown since its inception was -32.78%, which is greater than XML.TO's maximum drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for ETHI.TO and XML.TO.

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Drawdown Indicators

ETHI.TOXML.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.78%

-28.62%

-4.16%

Max Drawdown (1Y)

Largest decline over 1 year

-11.59%

-6.46%

-5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-19.07%

-7.46%

-11.61%

Max Drawdown (5Y)

Largest decline over 5 years

-31.97%

-12.34%

-19.63%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.62%

—

Current Drawdown

Current decline from peak

-0.35%

-1.07%

+0.72%

Average Drawdown

Average peak-to-trough decline

-6.86%

-3.44%

-3.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

2.07%

+1.12%

Volatility

ETHI.TO vs. XML.TO - Volatility Comparison

The current volatility for Global X Global Sustainability Leaders Index ETF (ETHI.TO) is 3.72%, while iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) has a volatility of 4.54%. This indicates that ETHI.TO experiences smaller price fluctuations and is considered to be less risky than XML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ETHI.TOXML.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

4.54%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

11.35%

7.76%

+3.59%

Volatility (1Y)

Calculated over the trailing 1-year period

14.05%

9.26%

+4.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.06%

9.86%

+7.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.96%

11.93%

+8.03%

Dividends

ETHI.TO vs. XML.TO - Dividend Comparison

ETHI.TO's dividend yield for the trailing twelve months is around 0.80%, less than XML.TO's 2.70% yield.

PositionTTM2025202420232022202120202019201820172016
ETHI.TO
Global X Global Sustainability Leaders Index ETF		0.80%0.99%0.82%1.06%1.09%1.22%0.84%0.64%0.00%0.00%0.00%
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		2.70%2.76%2.67%2.56%2.02%1.92%1.11%3.62%2.79%1.91%3.33%

Frequently Asked Questions

ETHI.TO and XML.TO have a correlation of 0.26, 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: Global X and iShares.

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