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VUS.TO vs. XMTM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUS.TO vs. XMTM.TO

Last updated Jun 4, 2026

VUS.TO (Vanguard U.S. Total Market Index ETF (CAD-hedged)) and XMTM.TO (iShares MSCI USA Momentum Factor Index ETF) are both exchange-traded funds - VUS.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while XMTM.TO is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, VUS.TO returned 10.63%/yr vs 17.92%/yr for XMTM.TO. At a 0.40 correlation, their price movements are largely independent. VUS.TO charges 0.17%/yr vs 0.31%/yr for XMTM.TO.

Performance

VUS.TO vs. XMTM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) and iShares MSCI USA Momentum Factor Index ETF (XMTM.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, VUS.TO achieves a 9.96% return, which is significantly lower than XMTM.TO's 33.39% return.

VUS.TO

1D
-0.73%
1M
4.98%
YTD
9.96%
6M
8.19%
1Y
23.82%
3Y*
19.29%
5Y*
10.63%
10Y*
13.09%

XMTM.TO

1D
4.00%
1M
19.00%
YTD
33.39%
6M
29.32%
1Y
40.58%
3Y*
35.55%
5Y*
17.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUS.TO vs. XMTM.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)		9.96%13.31%22.11%24.21%-20.86%24.87%17.67%7.46%
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		33.39%14.02%43.59%6.48%-14.53%15.01%25.77%3.42%

Correlation

The correlation between VUS.TO and XMTM.TO is 0.69, 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

0.69

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

0.56

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

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2019

0.40

Over the past year, VUS.TO and XMTM.TO have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.

VUS.TO vs. XMTM.TO - Sectors Allocation Comparison

Sectors
VUS.TO
XMTM.TO

Technology

31.5%
44.7%

Financial Services

12.5%
10.5%

Healthcare

10.2%
7.0%

Consumer Cyclical

10.0%
3.7%

Industrials

9.9%
15.3%

Communication Services

9.7%
7.0%

Consumer Defensive

5.0%
3.3%

Energy

4.2%
3.6%

Utilities

2.5%
1.6%

Real Estate

2.5%
1.8%

Basic Materials

2.2%
1.7%

Technology

VUS.TO
31.5%
XMTM.TO
44.7%

Financial Services

VUS.TO
12.5%
XMTM.TO
10.5%

Healthcare

VUS.TO
10.2%
XMTM.TO
7.0%

Consumer Cyclical

VUS.TO
10.0%
XMTM.TO
3.7%

Industrials

VUS.TO
9.9%
XMTM.TO
15.3%

Communication Services

VUS.TO
9.7%
XMTM.TO
7.0%

Consumer Defensive

VUS.TO
5.0%
XMTM.TO
3.3%

Energy

VUS.TO
4.2%
XMTM.TO
3.6%

Utilities

VUS.TO
2.5%
XMTM.TO
1.6%

Real Estate

VUS.TO
2.5%
XMTM.TO
1.8%

Basic Materials

VUS.TO
2.2%
XMTM.TO
1.7%

Compare stocks, funds, or ETFs

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

Vanguard U.S. Total Market Index ETF (CAD-hedged)

iShares MSCI USA Momentum Factor Index ETF

Often compared with VUS.TO:
VUS.TO vs. XEQT.TOVUS.TO vs. VUN.TOVUS.TO vs. VOOVUS.TO vs. SPUSVUS.TO vs. XUU.TOVUS.TO vs. VTIVUS.TO vs. CNCL.TO
Often compared with XMTM.TO:
XMTM.TO vs. SPMOXMTM.TO vs. VMO.TOXMTM.TO vs. VFV.TOXMTM.TO vs. XCHP.TOXMTM.TO vs. FEQT.NEOXMTM.TO vs. QQC.TOXMTM.TO vs. VOO

Return for Risk

VUS.TO vs. XMTM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUS.TO
VUS.TO Risk / Return Rank: 5757
Overall Rank
VUS.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
VUS.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
VUS.TO Omega Ratio Rank: 5757
Omega Ratio Rank
VUS.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
VUS.TO Martin Ratio Rank: 6262
Martin Ratio Rank
XMTM.TO
XMTM.TO Risk / Return Rank: 6565
Overall Rank
XMTM.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XMTM.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
XMTM.TO Omega Ratio Rank: 6464
Omega Ratio Rank
XMTM.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XMTM.TO Martin Ratio Rank: 5858
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.

VUS.TO vs. XMTM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) and iShares MSCI USA Momentum Factor Index ETF (XMTM.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.

VUS.TOXMTM.TODifference
Sharpe ratioReturn per unit of total volatility
1.94
2.20

-0.26

Sortino ratioReturn per unit of downside risk
2.69
3.07

-0.38

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.05

Calmar ratioReturn relative to maximum drawdown

2.47

3.57

-1.10

Martin ratioReturn relative to average drawdown

10.99

10.21

+0.78

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

VUS.TO vs. XMTM.TO - Sharpe Ratio Comparison

The current VUS.TO Sharpe Ratio is 1.94, which is comparable to the XMTM.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VUS.TO and XMTM.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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Sharpe Ratios by Period

VUS.TOXMTM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

2.20

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.96

-0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.88

-0.08

Drawdowns

VUS.TO vs. XMTM.TO - Drawdown Comparison

The maximum VUS.TO drawdown since its inception was -36.70%, which is greater than XMTM.TO's maximum drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for VUS.TO and XMTM.TO.

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Drawdown Indicators

VUS.TOXMTM.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.70%

-29.01%

-7.69%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-11.42%

+1.74%

Max Drawdown (3Y)

Largest decline over 3 years

-19.21%

-20.64%

+1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-26.25%

-29.01%

+2.76%

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

—

—

Current Drawdown

Current decline from peak

-0.73%

0.00%

-0.73%

Average Drawdown

Average peak-to-trough decline

-4.33%

-7.96%

+3.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

3.99%

-1.82%

Volatility

VUS.TO vs. XMTM.TO - Volatility Comparison

The current volatility for Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) is 3.14%, while iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has a volatility of 7.86%. This indicates that VUS.TO experiences smaller price fluctuations and is considered to be less risky than XMTM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUS.TOXMTM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

7.86%

-4.72%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

16.02%

-6.64%

Volatility (1Y)

Calculated over the trailing 1-year period

12.34%

18.57%

-6.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

18.79%

-1.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.08%

20.07%

-1.99%

VUS.TO vs. XMTM.TO - Expense Ratio Comparison

VUS.TO has a 0.17% expense ratio, which is lower than XMTM.TO's 0.31% expense ratio.

Dividends

VUS.TO vs. XMTM.TO - Dividend Comparison

VUS.TO's dividend yield for the trailing twelve months is around 0.75%, more than XMTM.TO's 0.46% yield.

PositionTTM20252024202320222021202020192018201720162015
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)		0.75%0.84%0.97%1.07%1.23%0.95%1.11%1.39%1.60%1.32%1.49%1.59%
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		0.46%0.70%0.62%0.84%1.66%0.33%0.64%1.24%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VUS.TO and XMTM.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUS.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUS.TO is cheaper with a 0.17% expense ratio, compared with 0.31% for XMTM.TO.

VUS.TO is categorized as Large Cap Blend Equities, while XMTM.TO is Momentum. VUS.TO tracks CRSP US Total Market Index, while XMTM.TO tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for VUS.TO and 0.31% for XMTM.TO.

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