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VIDY.TO vs. XMI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIDY.TO vs. XMI.TO

Last updated Aug 4, 2026
Documentation

VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) and XMI.TO (iShares MSCI Min Vol EAFE Index ETF) are both Foreign Large Cap Equities funds - VIDY.TO tracks the FTSE Developed ex North America High Dividend Yield Index while XMI.TO tracks the MSCI EAFE Minimum Volatility Index. Both are passively managed. Over the past 5 years, VIDY.TO returned 16.78%/yr vs 8.75%/yr for XMI.TO. Their 0.64 correlation means they have sometimes moved together and sometimes differently. VIDY.TO charges 0.31%/yr vs 0.40%/yr for XMI.TO.

Performance

VIDY.TO vs. XMI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) and iShares MSCI Min Vol EAFE Index ETF (XMI.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, VIDY.TO achieves a 19.14% return, which is significantly higher than XMI.TO's 11.66% return.

VIDY.TO

1D
-1.19%
1M
2.39%
6M
12.20%
YTD
19.14%
1Y
36.21%
3Y*
23.60%
5Y*
16.78%
10Y*
—
ALL TIME*
12.11%

XMI.TO

1D
-0.88%
1M
2.53%
6M
8.10%
YTD
11.66%
1Y
17.06%
3Y*
15.70%
5Y*
8.75%
10Y*
6.47%
ALL TIME*
9.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VIDY.TO

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF
CA$2.60MCA$2.39MCA$2.30M

XMI.TO

iShares MSCI Min Vol EAFE Index ETF
CA$44.43KCA$68.88KCA$214.16K

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

2026 (YTD)20252024202320222021202020192018
VIDY.TO
Vanguard FTSE Developed ex North America High Dividend Yield Index ETF		19.14%35.07%11.97%15.46%1.57%14.26%-2.63%12.64%-6.56%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		11.66%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%-2.69%

Correlation

The correlation between VIDY.TO and XMI.TO is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.72

Correlation (3Y)
Balances recent behavior with more history.

0.70

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.67

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2018

0.64

The correlation between VIDY.TO and XMI.TO has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

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

Sectors
VIDY.TO
XMI.TO

Financial Services

42.5%
19.5%

Healthcare

9.6%
11.8%

Consumer Defensive

8.8%
11.9%

Industrials

7.0%
14.7%

Consumer Cyclical

6.9%
5.0%

Basic Materials

6.2%
1.4%

Utilities

6.2%
8.1%

Energy

6.2%
7.3%

Communication Services

4.0%
8.7%

Technology

1.3%
4.3%

Real Estate

1.1%
2.9%

Financial Services

VIDY.TO
42.5%
XMI.TO
19.5%

Healthcare

VIDY.TO
9.6%
XMI.TO
11.8%

Consumer Defensive

VIDY.TO
8.8%
XMI.TO
11.9%

Industrials

VIDY.TO
7.0%
XMI.TO
14.7%

Consumer Cyclical

VIDY.TO
6.9%
XMI.TO
5.0%

Basic Materials

VIDY.TO
6.2%
XMI.TO
1.4%

Utilities

VIDY.TO
6.2%
XMI.TO
8.1%

Energy

VIDY.TO
6.2%
XMI.TO
7.3%

Communication Services

VIDY.TO
4.0%
XMI.TO
8.7%

Technology

VIDY.TO
1.3%
XMI.TO
4.3%

Real Estate

VIDY.TO
1.1%
XMI.TO
2.9%

Compare stocks, funds, or ETFs

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

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF

iShares MSCI Min Vol EAFE Index ETF

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Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. ZLB.TOXMI.TO vs. XMU.TOXMI.TO vs. EFAVXMI.TO vs. XEF.TOXMI.TO vs. XMW.TOXMI.TO vs. XML.TO

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.
VIDY.TO
VIDY.TO Risk / Return Rank: 9191
Overall Rank
VIDY.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
VIDY.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
VIDY.TO Omega Ratio Rank: 9393
Omega Ratio Rank
VIDY.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
VIDY.TO Martin Ratio Rank: 8787
Martin Ratio Rank
XMI.TO
XMI.TO Risk / Return Rank: 7373
Overall Rank
XMI.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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.

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.

VIDY.TOXMI.TODifference
Sharpe ratioReturn per unit of total volatility
2.67
1.73

+0.93

Sortino ratioReturn per unit of downside risk
3.67
2.44

+1.23

Omega ratioGain probability vs. loss probability

1.49

1.33

+0.16

Calmar ratioReturn relative to maximum drawdown

3.40

2.94

+0.46

Martin ratioReturn relative to average drawdown

13.15

8.41

+4.74

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

The current VIDY.TO Sharpe Ratio is 2.67, which is higher than the XMI.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of VIDY.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.

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Drawdowns

VIDY.TO vs. XMI.TO - Drawdown Comparison

The maximum VIDY.TO drawdown since its inception was -31.99%, 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 VIDY.TO and XMI.TO.

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Drawdown Indicators

VIDY.TOXMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.99%

-23.08%

-8.91%

Max Drawdown (1Y)

Largest decline over 1 year

-10.48%

-6.12%

-4.36%

Max Drawdown (3Y)

Largest decline over 3 years

-13.89%

-7.97%

-5.92%

Max Drawdown (5Y)

Largest decline over 5 years

-19.01%

-21.18%

+2.17%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.08%

—

Current Drawdown

Current decline from peak

-1.19%

-0.88%

-0.31%

Average Drawdown

Average peak-to-trough decline

-4.20%

-4.01%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.13%

+0.57%

Volatility

VIDY.TO vs. XMI.TO - Volatility Comparison

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) has a higher volatility of 3.64% compared to iShares MSCI Min Vol EAFE Index ETF (XMI.TO) at 2.57%. This indicates that VIDY.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.

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Volatility by Period

VIDY.TOXMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

2.57%

+1.07%

Volatility (6M)

Calculated over the trailing 6-month period

11.23%

8.31%

+2.92%

Volatility (1Y)

Calculated over the trailing 1-year period

13.38%

10.39%

+2.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.57%

9.94%

+3.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.38%

11.36%

+5.02%

VIDY.TO vs. XMI.TO - Expense Ratio Comparison

VIDY.TO has a 0.31% expense ratio, which is lower than XMI.TO's 0.40% expense ratio.

Dividends

VIDY.TO vs. XMI.TO - Dividend Comparison

VIDY.TO's dividend yield for the trailing twelve months is around 2.83%, more than XMI.TO's 2.56% yield.

PositionTTM20252024202320222021202020192018201720162015
VIDY.TO
Vanguard FTSE Developed ex North America High Dividend Yield Index ETF		2.83%2.80%3.64%3.91%4.39%3.30%3.36%3.37%0.02%0.00%0.00%0.00%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.56%2.69%2.64%2.56%1.98%1.93%1.16%3.74%2.93%2.07%3.29%2.02%

Frequently Asked Questions

VIDY.TO and XMI.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIDY.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIDY.TO is cheaper with a 0.31% expense ratio, compared with 0.40% for XMI.TO.

VIDY.TO tracks FTSE Developed ex North America High Dividend Yield Index, while XMI.TO tracks MSCI EAFE Minimum Volatility Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.31% for VIDY.TO and 0.40% for XMI.TO.

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