PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PID.TO vs. XMI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PID.TO vs. XMI.TO

Last updated Jun 5, 2026

PID.TO (Purpose International Dividend Fund) and XMI.TO (iShares MSCI Min Vol EAFE Index ETF) are both exchange-traded funds - PID.TO is a fund fund, while XMI.TO is a Global Equities fund tracking the MSCI EAFE Minimum Volatility Index. Over the past 10 years, PID.TO returned 10.31%/yr vs 6.14%/yr for XMI.TO. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

PID.TO vs. XMI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose International Dividend Fund (PID.TO) and iShares MSCI Min Vol EAFE Index ETF (XMI.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PID.TO achieves a 9.96% return, which is significantly higher than XMI.TO's 5.57% return. Over the past 10 years, PID.TO has outperformed XMI.TO with an annualized return of 10.31%, while XMI.TO has yielded a comparatively lower 6.14% annualized return.

PID.TO

1D
0.43%
1M
4.14%
YTD
9.96%
6M
11.49%
1Y
27.03%
3Y*
21.31%
5Y*
14.38%
10Y*
10.31%

XMI.TO

1D
0.53%
1M
0.68%
YTD
5.57%
6M
4.96%
1Y
10.69%
3Y*
13.79%
5Y*
8.65%
10Y*
6.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PID.TO vs. XMI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PID.TO
Purpose International Dividend Fund		9.96%33.40%13.85%15.75%-2.67%8.95%-3.24%14.04%0.49%11.86%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		5.57%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.70%13.74%

Correlation

The correlation between PID.TO and XMI.TO is 0.70, 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

0.70

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

0.64

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

0.62

Correlation (10Y)
Calculated over the trailing 10-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2015

0.62

The correlation between PID.TO and XMI.TO has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

PID.TO vs. XMI.TO - Sectors Allocation Comparison

Sectors
PID.TO
XMI.TO

Financial Services

32.8%
18.8%

Healthcare

10.7%
12.7%

Industrials

9.9%
13.5%

Basic Materials

9.4%
1.4%

Consumer Cyclical

8.6%
5.3%

Energy

7.3%
7.2%

Utilities

6.3%
8.3%

Consumer Defensive

5.8%
11.2%

Communication Services

5.6%
9.6%

Technology

3.1%
4.7%

Real Estate

0.3%
2.7%

Financial Services

PID.TO
32.8%
XMI.TO
18.8%

Healthcare

PID.TO
10.7%
XMI.TO
12.7%

Industrials

PID.TO
9.9%
XMI.TO
13.5%

Basic Materials

PID.TO
9.4%
XMI.TO
1.4%

Consumer Cyclical

PID.TO
8.6%
XMI.TO
5.3%

Energy

PID.TO
7.3%
XMI.TO
7.2%

Utilities

PID.TO
6.3%
XMI.TO
8.3%

Consumer Defensive

PID.TO
5.8%
XMI.TO
11.2%

Communication Services

PID.TO
5.6%
XMI.TO
9.6%

Technology

PID.TO
3.1%
XMI.TO
4.7%

Real Estate

PID.TO
0.3%
XMI.TO
2.7%

Compare stocks, funds, or ETFs

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

Purpose International Dividend Fund

iShares MSCI Min Vol EAFE Index ETF

Often compared with PID.TO:
PID.TO vs. PDF.TOPID.TO vs. CPD.TOPID.TO vs. VRIF.TOPID.TO vs. XMV.TOPID.TO vs. XIC.TOPID.TO vs. SPYPID.TO vs. VGG.TO
Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. ZLB.TOXMI.TO vs. XMU.TOXMI.TO vs. XEF.TOXMI.TO vs. EFAVXMI.TO vs. XMW.TOXMI.TO vs. XUU.TO

Return for Risk

PID.TO vs. XMI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID.TO
PID.TO Risk / Return Rank: 5656
Overall Rank
PID.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PID.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
PID.TO Omega Ratio Rank: 5858
Omega Ratio Rank
PID.TO Calmar Ratio Rank: 5050
Calmar Ratio Rank
PID.TO Martin Ratio Rank: 5656
Martin Ratio Rank
XMI.TO
XMI.TO Risk / Return Rank: 3131
Overall Rank
XMI.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 2929
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 3535
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.

PID.TO vs. XMI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose International Dividend Fund (PID.TO) and iShares MSCI Min Vol EAFE Index ETF (XMI.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.

PID.TOXMI.TODifference
Sharpe ratioReturn per unit of total volatility
1.93
1.03

+0.90

Sortino ratioReturn per unit of downside risk
2.67
1.44

+1.23

Omega ratioGain probability vs. loss probability

1.35

1.19

+0.16

Calmar ratioReturn relative to maximum drawdown

2.45

1.75

+0.69

Martin ratioReturn relative to average drawdown

9.51

5.22

+4.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PID.TO vs. XMI.TO - Sharpe Ratio Comparison

The current PID.TO Sharpe Ratio is 1.93, which is higher than the XMI.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of PID.TO and XMI.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.

Loading charts...

Sharpe Ratios by Period

PID.TOXMI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

1.03

+0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.17

0.88

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.54

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.78

-0.15

Drawdowns

PID.TO vs. XMI.TO - Drawdown Comparison

The maximum PID.TO drawdown since its inception was -27.27%, which is greater than XMI.TO's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for PID.TO and XMI.TO.

Loading charts...

Drawdown Indicators

PID.TOXMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.27%

-23.08%

-4.19%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-6.12%

-4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-12.35%

-7.97%

-4.38%

Max Drawdown (5Y)

Largest decline over 5 years

-19.11%

-21.18%

+2.07%

Max Drawdown (10Y)

Largest decline over 10 years

-27.27%

-23.08%

-4.19%

Current Drawdown

Current decline from peak

-1.13%

-3.39%

+2.26%

Average Drawdown

Average peak-to-trough decline

-4.09%

-4.04%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

2.05%

+0.80%

Volatility

PID.TO vs. XMI.TO - Volatility Comparison

Purpose International Dividend Fund (PID.TO) has a higher volatility of 4.35% compared to iShares MSCI Min Vol EAFE Index ETF (XMI.TO) at 3.22%. This indicates that PID.TO's price experiences larger fluctuations and is considered to be riskier than XMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PID.TOXMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

3.22%

+1.13%

Volatility (6M)

Calculated over the trailing 6-month period

11.48%

8.22%

+3.26%

Volatility (1Y)

Calculated over the trailing 1-year period

14.07%

10.45%

+3.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.33%

9.87%

+2.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.97%

11.48%

+2.49%

Dividends

PID.TO vs. XMI.TO - Dividend Comparison

PID.TO's dividend yield for the trailing twelve months is around 2.87%, more than XMI.TO's 2.55% yield.

PositionTTM20252024202320222021202020192018201720162015
PID.TO
Purpose International Dividend Fund		2.87%3.12%4.02%4.39%4.86%5.61%4.64%4.28%4.67%3.53%3.49%2.06%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.55%2.69%2.64%2.56%1.99%1.93%1.16%3.74%2.92%2.07%3.29%2.02%

Frequently Asked Questions

PID.TO and XMI.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for PID.TO and XMI.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer