XMD.TO vs. VTI
XMD.TO (iShares S&P/TSX Completion Index ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - XMD.TO is a Canada Equities fund tracking the Morningstar Canada Sml GR CAD, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, XMD.TO returned 11.93%/yr vs 15.99%/yr for VTI. At a 0.46 correlation, their price movements are largely independent. XMD.TO charges 0.60%/yr vs 0.03%/yr for VTI.
Performance
XMD.TO vs. VTI - Performance Comparison
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Different Trading Currencies
XMD.TO is traded in CAD, while VTI is traded in USD. To make them comparable, the VTI values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XMD.TO having a 13.89% return and VTI slightly lower at 13.25%. Over the past 10 years, XMD.TO has underperformed VTI with an annualized return of 11.93%, while VTI has yielded a comparatively higher 15.99% annualized return.
XMD.TO
- 1D
- 0.95%
- 1M
- 4.94%
- YTD
- 13.89%
- 6M
- 15.87%
- 1Y
- 48.16%
- 3Y*
- 27.65%
- 5Y*
- 16.25%
- 10Y*
- 11.93%
VTI
- 1D
- 0.57%
- 1M
- 6.83%
- YTD
- 13.25%
- 6M
- 11.05%
- 1Y
- 30.98%
- 3Y*
- 23.77%
- 5Y*
- 16.04%
- 10Y*
- 15.99%
XMD.TO vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMD.TO iShares S&P/TSX Completion Index ETF | 13.89% | 41.38% | 23.55% | 10.01% | -4.90% | 13.78% | 6.05% | 26.03% | -13.07% | 6.17% |
VTI Vanguard Total Stock Market ETF | 13.25% | 11.73% | 34.45% | 23.27% | -13.79% | 24.55% | 19.03% | 24.25% | 2.80% | 13.49% |
Correlation
The correlation between XMD.TO and VTI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2009 | 0.46 |
The correlation between XMD.TO and VTI has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
XMD.TO vs. VTI - Sectors Allocation Comparison
Sectors
XMD.TO
VTI
Basic Materials
Industrials
Energy
Financial Services
Real Estate
Utilities
Consumer Cyclical
Technology
Consumer Defensive
Communication Services
Healthcare
Basic Materials
XMD.TO
VTI
Industrials
XMD.TO
VTI
Energy
XMD.TO
VTI
Financial Services
XMD.TO
VTI
Real Estate
XMD.TO
VTI
Utilities
XMD.TO
VTI
Consumer Cyclical
XMD.TO
VTI
Technology
XMD.TO
VTI
Consumer Defensive
XMD.TO
VTI
Communication Services
XMD.TO
VTI
Healthcare
XMD.TO
VTI
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Return for Risk
XMD.TO vs. VTI — Risk / Return Rank
XMD.TO
VTI
XMD.TO vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Completion Index ETF (XMD.TO) and Vanguard Total Stock Market ETF (VTI). 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.
| XMD.TO | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.49 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 3.62 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.83 | 13.80 | -1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMD.TO | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.61 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.05 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.97 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.10 | -0.55 |
Drawdowns
XMD.TO vs. VTI - Drawdown Comparison
The maximum XMD.TO drawdown since its inception was -53.42%, which is greater than VTI's maximum drawdown of -28.73%. Use the drawdown chart below to compare losses from any high point for XMD.TO and VTI.
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Drawdown Indicators
| XMD.TO | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.42% | -28.73% | -24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -8.61% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -19.75% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.16% | -23.50% | +5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.40% | -28.73% | -14.67% |
Current DrawdownCurrent decline from peak | -3.26% | 0.00% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -3.47% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.25% | +1.83% |
Volatility
XMD.TO vs. VTI - Volatility Comparison
iShares S&P/TSX Completion Index ETF (XMD.TO) has a higher volatility of 5.79% compared to Vanguard Total Stock Market ETF (VTI) at 2.72%. This indicates that XMD.TO's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMD.TO | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.72% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 9.01% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 11.94% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 15.42% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 16.48% | +0.45% |
XMD.TO vs. VTI - Expense Ratio Comparison
XMD.TO has a 0.60% expense ratio, which is higher than VTI's 0.03% expense ratio.
Dividends
XMD.TO vs. VTI - Dividend Comparison
XMD.TO's dividend yield for the trailing twelve months is around 0.82%, less than VTI's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 1.01% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
XMD.TO iShares S&P/TSX Completion Index ETF | 0.82% | 0.97% | 1.58% | 1.91% | 2.24% | 1.17% | 1.91% | 2.55% | 2.44% | 1.76% | 1.97% | 2.34% |
Frequently Asked Questions
XMD.TO and VTI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTI is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTI is cheaper with a 0.03% expense ratio, compared with 0.60% for XMD.TO.
XMD.TO is categorized as Canada Equities, while VTI is Large Cap Blend Equities. XMD.TO tracks Morningstar Canada Sml GR CAD, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.60% for XMD.TO and 0.03% for VTI.
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