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XMC.TO vs. IMCG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMC.TO vs. IMCG

Last updated Jun 4, 2026

XMC.TO (iShares S&P U.S. Mid-Cap Index ETF) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both exchange-traded funds - XMC.TO is a Mid Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad Growth Index. Both are passively managed. Over the past 10 years, XMC.TO returned 11.71%/yr vs 15.28%/yr for IMCG. A 0.73 correlation means they provide meaningful diversification when combined. XMC.TO charges 0.16%/yr vs 0.06%/yr for IMCG.

Performance

XMC.TO vs. IMCG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and iShares Morningstar Mid-Cap Growth ETF (IMCG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XMC.TO is traded in CAD, while IMCG is traded in USD. To make them comparable, the IMCG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMC.TO achieves a 15.43% return, which is significantly lower than IMCG's 21.57% return. Over the past 10 years, XMC.TO has underperformed IMCG with an annualized return of 11.71%, while IMCG has yielded a comparatively higher 15.28% annualized return.

XMC.TO

1D
0.48%
1M
6.14%
YTD
15.43%
6M
13.83%
1Y
26.54%
3Y*
17.13%
5Y*
10.91%
10Y*
11.71%

IMCG

1D
0.15%
1M
10.49%
YTD
21.57%
6M
17.83%
1Y
24.95%
3Y*
20.30%
5Y*
11.72%
10Y*
15.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMC.TO vs. IMCG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMC.TO
iShares S&P U.S. Mid-Cap Index ETF		15.43%2.37%22.99%13.65%-7.61%23.39%11.11%20.87%-4.83%8.74%
IMCG
iShares Morningstar Mid-Cap Growth ETF		21.57%1.67%28.29%18.07%-20.50%14.35%43.18%29.03%4.48%17.57%

Correlation

The correlation between XMC.TO and IMCG is 0.80, 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

0.80

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

0.84

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

0.83

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

0.75

Correlation (All Time)
Calculated using the full available price history since Aug 11, 2015

0.73

The correlation between XMC.TO and IMCG shifts across timeframes, from 0.73 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.

XMC.TO vs. IMCG - Sectors Allocation Comparison

Sectors
XMC.TO
IMCG

Industrials

25.0%
26.6%

Technology

16.6%
30.4%

Financial Services

13.7%
9.1%

Consumer Cyclical

9.5%
10.0%

Healthcare

8.9%
7.4%

Real Estate

7.5%
3.4%

Energy

5.4%
2.1%

Basic Materials

4.8%
4.5%

Consumer Defensive

4.1%
1.2%

Utilities

3.0%
2.7%

Communication Services

1.0%
2.6%

Industrials

XMC.TO
25.0%
IMCG
26.6%

Technology

XMC.TO
16.6%
IMCG
30.4%

Financial Services

XMC.TO
13.7%
IMCG
9.1%

Consumer Cyclical

XMC.TO
9.5%
IMCG
10.0%

Healthcare

XMC.TO
8.9%
IMCG
7.4%

Real Estate

XMC.TO
7.5%
IMCG
3.4%

Energy

XMC.TO
5.4%
IMCG
2.1%

Basic Materials

XMC.TO
4.8%
IMCG
4.5%

Consumer Defensive

XMC.TO
4.1%
IMCG
1.2%

Utilities

XMC.TO
3.0%
IMCG
2.7%

Communication Services

XMC.TO
1.0%
IMCG
2.6%

Compare stocks, funds, or ETFs

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

iShares S&P U.S. Mid-Cap Index ETF

iShares Morningstar Mid-Cap Growth ETF

Often compared with XMC.TO:
XMC.TO vs. XSMC.TOXMC.TO vs. ZEB.TOXMC.TO vs. XSP.TOXMC.TO vs. XSMOXMC.TO vs. FMDEXMC.TO vs. VOEXMC.TO vs. XEU.TO
Often compared with IMCG:
IMCG vs. VOTIMCG vs. IWPIMCG vs. SCHMIMCG vs. MDYGIMCG vs. XMHQIMCG vs. IJKIMCG vs. IMCB

Return for Risk

XMC.TO vs. IMCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMC.TO
XMC.TO Risk / Return Rank: 5656
Overall Rank
XMC.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XMC.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
XMC.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XMC.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XMC.TO Martin Ratio Rank: 6565
Martin Ratio Rank
IMCG
IMCG Risk / Return Rank: 4444
Overall Rank
IMCG Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IMCG Sortino Ratio Rank: 4242
Sortino Ratio Rank
IMCG Omega Ratio Rank: 4040
Omega Ratio Rank
IMCG Calmar Ratio Rank: 4646
Calmar Ratio Rank
IMCG Martin Ratio Rank: 5252
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.

XMC.TO vs. IMCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.

XMC.TOIMCGDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.65

+0.05

Sortino ratioReturn per unit of downside risk
2.52
2.36

+0.16

Omega ratioGain probability vs. loss probability

1.30

1.29

+0.01

Calmar ratioReturn relative to maximum drawdown

3.22

2.71

+0.50

Martin ratioReturn relative to average drawdown

11.84

8.58

+3.26

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

XMC.TO vs. IMCG - Sharpe Ratio Comparison

The current XMC.TO Sharpe Ratio is 1.70, which is comparable to the IMCG Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of XMC.TO and IMCG, 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

XMC.TOIMCGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.65

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.65

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.81

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.93

-0.34

Drawdowns

XMC.TO vs. IMCG - Drawdown Comparison

The maximum XMC.TO drawdown since its inception was -36.38%, which is greater than IMCG's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for XMC.TO and IMCG.

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Drawdown Indicators

XMC.TOIMCGDifference

Max Drawdown

Largest peak-to-trough decline

-36.38%

-32.59%

-3.79%

Max Drawdown (1Y)

Largest decline over 1 year

-8.28%

-9.23%

+0.95%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

-21.68%

-1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-22.70%

-32.59%

+9.89%

Max Drawdown (10Y)

Largest decline over 10 years

-36.38%

-32.59%

-3.79%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.05%

-5.53%

+0.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

2.91%

-0.66%

Volatility

XMC.TO vs. IMCG - Volatility Comparison

iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and iShares Morningstar Mid-Cap Growth ETF (IMCG) have volatilities of 4.57% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMC.TOIMCGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.57%

4.66%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

11.57%

12.36%

-0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.76%

15.22%

+0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.62%

18.12%

-0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.65%

18.84%

-0.19%

XMC.TO vs. IMCG - Expense Ratio Comparison

XMC.TO has a 0.16% expense ratio, which is higher than IMCG's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XMC.TO vs. IMCG - Dividend Comparison

XMC.TO's dividend yield for the trailing twelve months is around 0.96%, more than IMCG's 0.65% yield.

PositionTTM20252024202320222021202020192018201720162015
IMCG
iShares Morningstar Mid-Cap Growth ETF		0.65%0.78%0.78%0.85%0.91%0.41%0.09%0.30%0.35%0.45%0.52%0.38%
XMC.TO
iShares S&P U.S. Mid-Cap Index ETF		0.96%1.10%0.94%1.17%1.27%0.99%1.07%1.40%1.56%0.96%1.09%0.51%

Frequently Asked Questions

XMC.TO and IMCG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IMCG is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMCG is cheaper with a 0.06% expense ratio, compared with 0.16% for XMC.TO.

XMC.TO is categorized as Mid Cap Blend Equities, while IMCG is Mid Cap Growth Equities. XMC.TO tracks Morningstar US SMID TR CAD, while IMCG tracks Morningstar US Mid Cap Broad Growth Index. Their fees differ too: 0.16% for XMC.TO and 0.06% for IMCG.

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