GBSL.TO vs. XMW.TO

Last updated Jun 6, 2026

GBSL.TO (Ninepoint Global Select Fund - Series ETF) and XMW.TO (iShares MSCI Min Vol Global Index ETF) are both Global Equities funds. GBSL.TO is actively managed, while XMW.TO is passively managed. GBSL.TO charges 0.85%/yr vs 0.48%/yr for XMW.TO.

Performance

GBSL.TO vs. XMW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Global Select Fund - Series ETF (GBSL.TO) and iShares MSCI Min Vol Global Index ETF (XMW.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBSL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMW.TO

• 1D: -0.57%
• 1M: 1.89%
• YTD: 3.04%
• 6M: 2.35%
• 1Y: 6.01%
• 3Y*: 10.67%
• 5Y*: 7.78%
• 10Y*: 7.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GBSL.TO vs. XMW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMW.TO

XMW.TO Risk / Return Rank: 24
XMW.TO Sharpe Ratio Rank: 24
XMW.TO Sortino Ratio Rank: 23
XMW.TO Omega Ratio Rank: 23
XMW.TO Calmar Ratio Rank: 26
XMW.TO Martin Ratio Rank: 26

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.

GBSL.TO vs. XMW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Global Select Fund - Series ETF (GBSL.TO) and iShares MSCI Min Vol Global Index ETF (XMW.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBSL.TO	XMW.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.94	—

Drawdowns

Drawdown Indicators

	GBSL.TO	XMW.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-21.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.42%	—
Current Drawdown Current decline from peak	—	-1.12%	—
Average Drawdown Average peak-to-trough decline	—	-2.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	GBSL.TO	XMW.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.75%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.07%	—

GBSL.TO vs. XMW.TO - Expense Ratio Comparison

GBSL.TO has a 0.85% expense ratio, which is higher than XMW.TO's 0.48% expense ratio.

Dividends

GBSL.TO vs. XMW.TO - Dividend Comparison

GBSL.TO has not paid dividends to shareholders, while XMW.TO's dividend yield for the trailing twelve months is around 1.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBSL.TO Ninepoint Global Select Fund - Series 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%
XMW.TO iShares MSCI Min Vol Global Index ETF	1.53%	1.58%	1.81%	1.98%	1.66%	1.43%	1.52%	2.20%	2.01%	1.61%	2.02%	1.85%

Frequently Asked Questions

Which ETF is better, GBSL.TO or XMW.TO?

On fees, XMW.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBSL.TO or XMW.TO?

XMW.TO is cheaper with a 0.48% expense ratio, compared with 0.85% for GBSL.TO.

What is the main difference between GBSL.TO and XMW.TO?

They also come from different issuers: Ninepoint and iShares. Their fees differ too: 0.85% for GBSL.TO and 0.48% for XMW.TO.