XEQT.TO vs. XMI.TO

Last updated Jun 6, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and XMI.TO (iShares MSCI Min Vol EAFE Index ETF) are both Global Equities funds from iShares. XEQT.TO is actively managed, while XMI.TO is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. XEQT.TO charges 0.20%/yr vs 0.40%/yr for XMI.TO.

Performance

XEQT.TO vs. XMI.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, XEQT.TO achieves a 10.25% return, which is significantly higher than XMI.TO's 5.57% return.

XEQT.TO

• 1D: -2.62%
• 1M: 1.43%
• YTD: 10.25%
• 6M: 9.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

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

	2026 (YTD)	2025
XEQT.TO iShares Core Equity ETF Portfolio	10.25%	14.62%
XMI.TO iShares MSCI Min Vol EAFE Index ETF	5.57%	4.60%

Correlation

The correlation between XEQT.TO and XMI.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.51

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

Sectors	XEQT.TO	XMI.TO
Technology	22.9%	4.7%
Financial Services	20.3%	18.8%
Industrials	12.1%	13.5%
Consumer Cyclical	7.8%	5.3%
Basic Materials	7.3%	1.4%
Energy	7.2%	7.2%
Healthcare	6.6%	12.7%
Communication Services	6.4%	9.6%
Consumer Defensive	4.4%	11.2%
Utilities	2.8%	8.3%
Real Estate	2.2%	2.7%

Return for Risk

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

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

XMI.TO

XMI.TO Risk / Return Rank: 31
XMI.TO Sharpe Ratio Rank: 29
XMI.TO Sortino Ratio Rank: 27
XMI.TO Omega Ratio Rank: 29
XMI.TO Calmar Ratio Rank: 36
XMI.TO Martin Ratio Rank: 35

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XEQT.TO	XMI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.78	+1.44

Drawdowns

XEQT.TO vs. XMI.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -8.25%, smaller than the maximum XMI.TO drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and XMI.TO.

Drawdown Indicators

	XEQT.TO	XMI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.25%	-23.08%	+14.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.08%	—
Current Drawdown Current decline from peak	-2.62%	-3.39%	+0.77%
Average Drawdown Average peak-to-trough decline	-1.04%	-4.04%	+3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	XEQT.TO	XMI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	10.45%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	9.87%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.98%	11.48%	+0.50%

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

XEQT.TO has a 0.20% expense ratio, which is lower than XMI.TO's 0.40% expense ratio.

Dividends

XEQT.TO vs. XMI.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.51%, less than XMI.TO's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XEQT.TO iShares Core Equity ETF Portfolio	1.51%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both XEQT.TO and XMI.TO in my portfolio?

XEQT.TO and XMI.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEQT.TO or XMI.TO?

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XEQT.TO or XMI.TO?

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.40% for XMI.TO.

What is the main difference between XEQT.TO and XMI.TO?

Their fees differ too: 0.20% for XEQT.TO and 0.40% for XMI.TO.