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

VMO.TO vs. XMI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Global Momentum Factor ETF CAD (VMO.TO) and iShares MSCI Min Vol EAFE Index ETF (XMI.TO).

VMO.TO and XMI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMO.TO is an actively managed fund by Vanguard. It was launched on Jun 14, 2016. XMI.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Jul 24, 2012.

Performance

VMO.TO vs. XMI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Momentum Factor ETF CAD (VMO.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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VMO.TO vs. XMI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VMO.TO
Vanguard Global Momentum Factor ETF CAD		7.02%23.20%29.68%14.93%-9.09%15.67%21.39%19.55%-5.19%16.81%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		7.71%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.70%13.74%

Returns By Period

In the year-to-date period, VMO.TO achieves a 7.02% return, which is significantly lower than XMI.TO's 7.71% return.

VMO.TO

1D
1.91%
1M
-3.89%
YTD
7.02%
6M
8.01%
1Y
35.97%
3Y*
24.86%
5Y*
14.23%
10Y*
—

XMI.TO

1D
0.37%
1M
-0.12%
YTD
7.71%
6M
8.48%
1Y
17.46%
3Y*
14.67%
5Y*
9.15%
10Y*
6.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Vanguard Global Momentum Factor ETF CAD

iShares MSCI Min Vol EAFE Index ETF

Often compared with VMO.TO:
VMO.TO vs. SPMOVMO.TO vs. VFV.TOVMO.TO vs. XEQT.TOVMO.TO vs. IDMOVMO.TO vs. VTVMO.TO vs. XMTM.TOVMO.TO vs. TEC.TO
Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. XMU.TOXMI.TO vs. ZLB.TOXMI.TO vs. XEF.TOXMI.TO vs. EFAVXMI.TO vs. XMW.TOXMI.TO vs. VOO

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

VMO.TO has a 0.38% expense ratio, which is lower than XMI.TO's 0.40% expense ratio.

XMI.TO
iShares MSCI Min Vol EAFE Index ETF
VMO.TO
Vanguard Global Momentum Factor ETF CAD

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMO.TO
VMO.TO Risk / Return Rank: 8282
Overall Rank
VMO.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VMO.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
VMO.TO Omega Ratio Rank: 7676
Omega Ratio Rank
VMO.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
VMO.TO Martin Ratio Rank: 8787
Martin Ratio Rank
XMI.TO
XMI.TO Risk / Return Rank: 7878
Overall Rank
XMI.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Momentum Factor ETF CAD (VMO.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.

VMO.TOXMI.TODifference

Sharpe ratio

Return per unit of total volatility

1.60

1.52

+0.08

Sortino ratio

Return per unit of downside risk

2.12

2.03

+0.09

Omega ratio

Gain probability vs. loss probability

1.30

1.30

0.00

Calmar ratio

Return relative to maximum drawdown

2.87

2.48

+0.39

Martin ratio

Return relative to average drawdown

11.12

9.21

+1.91

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

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

The current VMO.TO Sharpe Ratio is 1.60, which is comparable to the XMI.TO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of VMO.TO and XMI.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VMO.TOXMI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.52

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.94

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.58

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.81

-0.01

Correlation

The correlation between VMO.TO and XMI.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VMO.TO vs. XMI.TO - Dividend Comparison

VMO.TO's dividend yield for the trailing twelve months is around 0.80%, less than XMI.TO's 2.50% yield.

TTM20252024202320222021202020192018201720162015
VMO.TO
Vanguard Global Momentum Factor ETF CAD		0.80%0.85%0.90%1.03%1.65%1.09%0.70%1.70%0.80%1.15%0.51%0.00%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.50%2.69%2.64%2.56%1.99%1.93%1.16%3.74%2.92%2.07%3.29%2.02%

Drawdowns

VMO.TO vs. XMI.TO - Drawdown Comparison

The maximum VMO.TO drawdown since its inception was -30.53%, 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 VMO.TO and XMI.TO.

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Drawdown Indicators

VMO.TOXMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.53%

-23.08%

-7.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.29%

-6.78%

-5.51%

Max Drawdown (5Y)

Largest decline over 5 years

-23.27%

-21.18%

-2.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.08%

—

Current Drawdown

Current decline from peak

-4.38%

-1.40%

-2.98%

Average Drawdown

Average peak-to-trough decline

-5.28%

-4.06%

-1.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

1.83%

+1.34%

Volatility

VMO.TO vs. XMI.TO - Volatility Comparison

Vanguard Global Momentum Factor ETF CAD (VMO.TO) has a higher volatility of 9.18% compared to iShares MSCI Min Vol EAFE Index ETF (XMI.TO) at 4.80%. This indicates that VMO.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

VMO.TOXMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.18%

4.80%

+4.38%

Volatility (6M)

Calculated over the trailing 6-month period

15.91%

7.77%

+8.14%

Volatility (1Y)

Calculated over the trailing 1-year period

22.60%

11.58%

+11.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.55%

9.83%

+7.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.87%

11.46%

+6.41%