MINT.TO vs. VI.TO

Last updated Jul 16, 2026

MINT.TO (Manulife Multifactor Developed International Index ETF) and VI.TO (Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)) are both International Equity funds. MINT.TO is actively managed, while VI.TO is passively managed. Over the past 5 years, MINT.TO returned 12.51%/yr vs 12.97%/yr for VI.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

MINT.TO vs. VI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Multifactor Developed International Index ETF (MINT.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINT.TO achieves a 11.34% return, which is significantly lower than VI.TO's 16.22% return.

MINT.TO

• 1D: -0.31%
• 1M: 1.05%
• 6M: 7.53%
• YTD: 11.34%
• 1Y: 24.81%
• 3Y*: 17.42%
• 5Y*: 12.51%
• 10Y*: —

VI.TO

• 1D: -0.24%
• 1M: -1.42%
• 6M: 10.87%
• YTD: 16.22%
• 1Y: 31.31%
• 3Y*: 19.08%
• 5Y*: 12.97%
• 10Y*: 11.44%

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

MINT.TO vs. VI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MINT.TO Manulife Multifactor Developed International Index ETF	11.34%	23.42%	10.91%	18.04%	-3.59%	17.69%	0.55%	21.99%	-10.35%	13.54%
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	16.22%	24.50%	10.42%	19.42%	-7.79%	17.72%	2.77%	21.87%	-11.37%	12.85%

Correlation

The correlation between MINT.TO and VI.TO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017	0.45

Over the past year, MINT.TO and VI.TO have become more correlated (0.68) than their long-term average of 0.45, meaning their price movements have been converging.

Return for Risk

MINT.TO vs. VI.TO — Risk / Return Rank

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

MINT.TO

MINT.TO Risk / Return Rank: 73
MINT.TO Sharpe Ratio Rank: 72
MINT.TO Sortino Ratio Rank: 76
MINT.TO Omega Ratio Rank: 78
MINT.TO Calmar Ratio Rank: 67
MINT.TO Martin Ratio Rank: 72

VI.TO

VI.TO Risk / Return Rank: 82
VI.TO Sharpe Ratio Rank: 83
VI.TO Sortino Ratio Rank: 82
VI.TO Omega Ratio Rank: 85
VI.TO Calmar Ratio Rank: 77
VI.TO Martin Ratio Rank: 82

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.

MINT.TO vs. VI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Multifactor Developed International Index ETF (MINT.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.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.

	MINT.TO	VI.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.12	-0.26
Sortino ratio: Return per unit of downside risk	2.74	2.92	-0.18
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.74	3.21	-0.47
Martin ratio: Return relative to average drawdown	10.51	12.66	-2.15

MINT.TO vs. VI.TO - Sharpe Ratio Comparison

The current MINT.TO Sharpe Ratio is 1.86, which is comparable to the VI.TO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of MINT.TO and VI.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.

Drawdowns

MINT.TO vs. VI.TO - Drawdown Comparison

The maximum MINT.TO drawdown since its inception was -32.97%, roughly equal to the maximum VI.TO drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for MINT.TO and VI.TO.

Drawdown Indicators

	MINT.TO	VI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.97%	-33.53%	+0.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-9.80%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-13.76%	-13.80%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-16.65%	-1.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-1.34%	-3.41%	+2.07%
Average Drawdown Average peak-to-trough decline	-4.17%	-4.16%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.48%	-0.11%

Volatility

MINT.TO vs. VI.TO - Volatility Comparison

The current volatility for Manulife Multifactor Developed International Index ETF (MINT.TO) is 3.95%, while Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) has a volatility of 5.29%. This indicates that MINT.TO experiences smaller price fluctuations and is considered to be less risky than VI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINT.TO	VI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	5.29%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	13.16%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	14.86%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	14.12%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	15.73%	+0.90%

Dividends

MINT.TO vs. VI.TO - Dividend Comparison

MINT.TO's dividend yield for the trailing twelve months is around 2.86%, more than VI.TO's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MINT.TO Manulife Multifactor Developed International Index ETF	2.86%	5.86%	2.14%	2.81%	2.84%	2.55%	1.60%	2.70%	2.76%	1.36%	0.00%	0.00%
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	2.26%	2.44%	2.60%	2.61%	2.84%	2.31%	1.98%	2.64%	2.75%	2.07%	1.62%	0.27%

Frequently Asked Questions

Can I hold both MINT.TO and VI.TO in my portfolio?

MINT.TO and VI.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between MINT.TO and VI.TO?

They also come from different issuers: Manulife and Vanguard.