PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XMI.TO vs. CYH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMI.TO vs. CYH.TO

Last updated Jun 4, 2026

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) are both Global Equities funds from iShares - XMI.TO tracks the MSCI EAFE Minimum Volatility Index while CYH.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, XMI.TO returned 6.04%/yr vs 8.22%/yr for CYH.TO. At a 0.41 correlation, their price movements are largely independent. XMI.TO charges 0.40%/yr vs 0.66%/yr for CYH.TO.

Performance

XMI.TO vs. CYH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol EAFE Index ETF (XMI.TO) and iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XMI.TO achieves a 5.02% return, which is significantly lower than CYH.TO's 9.93% return. Over the past 10 years, XMI.TO has underperformed CYH.TO with an annualized return of 6.04%, while CYH.TO has yielded a comparatively higher 8.22% annualized return.

XMI.TO

1D
-0.21%
1M
1.00%
YTD
5.02%
6M
4.57%
1Y
10.07%
3Y*
13.52%
5Y*
8.54%
10Y*
6.04%

CYH.TO

1D
-0.78%
1M
0.38%
YTD
9.93%
6M
10.41%
1Y
22.80%
3Y*
16.71%
5Y*
8.48%
10Y*
8.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		5.02%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.70%13.74%
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		9.93%18.77%12.29%3.84%-2.47%23.43%-8.71%14.38%-6.21%13.16%

Correlation

The correlation between XMI.TO and CYH.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

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

0.43

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

0.38

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

0.38

Correlation (All Time)
Calculated using the full available price history since Aug 20, 2012

0.41

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

Sectors
XMI.TO
CYH.TO

Financial Services

18.8%
23.4%

Industrials

13.5%
4.9%

Healthcare

12.7%
5.1%

Consumer Defensive

11.2%
11.9%

Communication Services

9.6%
8.2%

Utilities

8.3%
15.9%

Energy

7.2%
14.2%

Consumer Cyclical

5.3%
8.4%

Technology

4.7%
3.4%

Real Estate

2.7%
1.1%

Basic Materials

1.4%
3.6%

Financial Services

XMI.TO
18.8%
CYH.TO
23.4%

Industrials

XMI.TO
13.5%
CYH.TO
4.9%

Healthcare

XMI.TO
12.7%
CYH.TO
5.1%

Consumer Defensive

XMI.TO
11.2%
CYH.TO
11.9%

Communication Services

XMI.TO
9.6%
CYH.TO
8.2%

Utilities

XMI.TO
8.3%
CYH.TO
15.9%

Energy

XMI.TO
7.2%
CYH.TO
14.2%

Consumer Cyclical

XMI.TO
5.3%
CYH.TO
8.4%

Technology

XMI.TO
4.7%
CYH.TO
3.4%

Real Estate

XMI.TO
2.7%
CYH.TO
1.1%

Basic Materials

XMI.TO
1.4%
CYH.TO
3.6%

Compare stocks, funds, or ETFs

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

iShares MSCI Min Vol EAFE Index ETF

iShares Global Monthly Dividend Index ETF (CAD-Hedged)

Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. ZLB.TOXMI.TO vs. XMU.TOXMI.TO vs. XEF.TOXMI.TO vs. EFAVXMI.TO vs. XMW.TOXMI.TO vs. XUU.TO
Often compared with CYH.TO:
CYH.TO vs. XDG.TOCYH.TO vs. CUD.TOCYH.TO vs. VDY.TOCYH.TO vs. XEI.TOCYH.TO vs. ZDIVXCYH.TO vs. XDIV.TOCYH.TO vs. VEQT.TO

Return for Risk

XMI.TO vs. CYH.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: 2929
Overall Rank
XMI.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 2727
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 3333
Martin Ratio Rank
CYH.TO
CYH.TO Risk / Return Rank: 7575
Overall Rank
CYH.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CYH.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
CYH.TO Omega Ratio Rank: 6969
Omega Ratio Rank
CYH.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
CYH.TO Martin Ratio Rank: 8282
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol EAFE Index ETF (XMI.TO) and iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.

XMI.TOCYH.TODifference
Sharpe ratioReturn per unit of total volatility
0.97
2.30

-1.33

Sortino ratioReturn per unit of downside risk
1.37
3.26

-1.89

Omega ratioGain probability vs. loss probability

1.18

1.42

-0.23

Calmar ratioReturn relative to maximum drawdown

1.65

4.29

-2.64

Martin ratioReturn relative to average drawdown

4.94

16.45

-11.50

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

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

The current XMI.TO Sharpe Ratio is 0.97, which is lower than the CYH.TO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of XMI.TO and CYH.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.

Loading charts...

Sharpe Ratios by Period

XMI.TOCYH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

2.30

-1.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.63

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.49

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.33

+0.46

Drawdowns

XMI.TO vs. CYH.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, smaller than the maximum CYH.TO drawdown of -61.48%. Use the drawdown chart below to compare losses from any high point for XMI.TO and CYH.TO.

Loading charts...

Drawdown Indicators

XMI.TOCYH.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-61.48%

+38.40%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-5.34%

-0.78%

Max Drawdown (3Y)

Largest decline over 3 years

-7.97%

-12.13%

+4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-21.18%

-17.67%

-3.51%

Max Drawdown (10Y)

Largest decline over 10 years

-23.08%

-42.30%

+19.22%

Current Drawdown

Current decline from peak

-3.90%

-1.55%

-2.35%

Average Drawdown

Average peak-to-trough decline

-4.04%

-9.94%

+5.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.39%

+0.65%

Volatility

XMI.TO vs. CYH.TO - Volatility Comparison

iShares MSCI Min Vol EAFE Index ETF (XMI.TO) has a higher volatility of 3.28% compared to iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) at 2.72%. This indicates that XMI.TO's price experiences larger fluctuations and is considered to be riskier than CYH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMI.TOCYH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

2.72%

+0.56%

Volatility (6M)

Calculated over the trailing 6-month period

8.21%

7.18%

+1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

9.96%

+0.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.87%

13.58%

-3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.48%

17.02%

-5.54%

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

XMI.TO has a 0.40% expense ratio, which is lower than CYH.TO's 0.66% expense ratio.

Dividends

XMI.TO vs. CYH.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.56%, less than CYH.TO's 3.34% yield.

PositionTTM20252024202320222021202020192018201720162015
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		3.34%3.77%4.33%4.68%4.72%3.89%4.51%4.01%3.98%3.03%3.39%3.84%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.56%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

XMI.TO and CYH.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMI.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMI.TO is cheaper with a 0.40% expense ratio, compared with 0.66% for CYH.TO.

XMI.TO tracks MSCI EAFE Minimum Volatility Index, while CYH.TO tracks Morningstar Gbl GR CAD. Their fees differ too: 0.40% for XMI.TO and 0.66% for CYH.TO.

Portfolio Optimizer

Find the right allocation for XMI.TO and CYH.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer