PortfoliosLab logoPortfoliosLab logo

Documentation

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

XMI.TO vs. FCIN.NEO

Last updated Jun 4, 2026

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and FCIN.NEO (Fidelity All-International Equity ETF) are both Global Equities funds. XMI.TO is passively managed, while FCIN.NEO is actively managed. Over the past year, XMI.TO returned 10.07% vs 24.12% for FCIN.NEO. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

XMI.TO vs. FCIN.NEO - 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 Fidelity All-International Equity ETF (FCIN.NEO). 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 FCIN.NEO's 11.25% 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%

FCIN.NEO

1D
-0.39%
1M
2.25%
YTD
11.25%
6M
12.58%
1Y
24.12%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMI.TO vs. FCIN.NEO - Yearly Performance Comparison

2026 (YTD)20252024
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		5.02%19.69%12.51%
FCIN.NEO
Fidelity All-International Equity ETF		11.25%28.04%11.14%

Correlation

The correlation between XMI.TO and FCIN.NEO is 0.71, 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

0.71

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2024

0.67

The correlation between XMI.TO and FCIN.NEO has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

XMI.TO vs. FCIN.NEO - Sectors Allocation Comparison

Sectors
XMI.TO
FCIN.NEO

Financial Services

18.8%
27.9%

Industrials

13.5%
16.3%

Healthcare

12.7%
3.6%

Consumer Defensive

11.2%
6.8%

Communication Services

9.6%
8.6%

Utilities

8.3%
5.9%

Energy

7.2%
6.1%

Consumer Cyclical

5.3%
7.8%

Technology

4.7%
7.2%

Real Estate

2.7%
7.1%

Basic Materials

1.4%
2.7%

Financial Services

XMI.TO
18.8%
FCIN.NEO
27.9%

Industrials

XMI.TO
13.5%
FCIN.NEO
16.3%

Healthcare

XMI.TO
12.7%
FCIN.NEO
3.6%

Consumer Defensive

XMI.TO
11.2%
FCIN.NEO
6.8%

Communication Services

XMI.TO
9.6%
FCIN.NEO
8.6%

Utilities

XMI.TO
8.3%
FCIN.NEO
5.9%

Energy

XMI.TO
7.2%
FCIN.NEO
6.1%

Consumer Cyclical

XMI.TO
5.3%
FCIN.NEO
7.8%

Technology

XMI.TO
4.7%
FCIN.NEO
7.2%

Real Estate

XMI.TO
2.7%
FCIN.NEO
7.1%

Basic Materials

XMI.TO
1.4%
FCIN.NEO
2.7%

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

Fidelity All-International Equity ETF

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 FCIN.NEO:
FCIN.NEO vs. FCID.TOFCIN.NEO vs. BREA.TOFCIN.NEO vs. XMY.TOFCIN.NEO vs. BGIE.TOFCIN.NEO vs. MEQT.TOFCIN.NEO vs. TINF.TOFCIN.NEO vs. CYH.TO

Return for Risk

XMI.TO vs. FCIN.NEO — 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
FCIN.NEO
FCIN.NEO Risk / Return Rank: 5555
Overall Rank
FCIN.NEO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FCIN.NEO Sortino Ratio Rank: 5454
Sortino Ratio Rank
FCIN.NEO Omega Ratio Rank: 5656
Omega Ratio Rank
FCIN.NEO Calmar Ratio Rank: 5252
Calmar Ratio Rank
FCIN.NEO 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.

XMI.TO vs. FCIN.NEO - 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 Fidelity All-International Equity ETF (FCIN.NEO). 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.TOFCIN.NEODifference
Sharpe ratioReturn per unit of total volatility
0.97
1.83

-0.87

Sortino ratioReturn per unit of downside risk
1.37
2.57

-1.20

Omega ratioGain probability vs. loss probability

1.18

1.34

-0.16

Calmar ratioReturn relative to maximum drawdown

1.65

2.53

-0.88

Martin ratioReturn relative to average drawdown

4.94

9.99

-5.05

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. FCIN.NEO - Sharpe Ratio Comparison

The current XMI.TO Sharpe Ratio is 0.97, which is lower than the FCIN.NEO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of XMI.TO and FCIN.NEO, 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.TOFCIN.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

1.83

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

1.59

-0.81

Drawdowns

XMI.TO vs. FCIN.NEO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, which is greater than FCIN.NEO's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for XMI.TO and FCIN.NEO.

Loading charts...

Drawdown Indicators

XMI.TOFCIN.NEODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-12.34%

-10.74%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-9.56%

+3.44%

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

-3.90%

-2.16%

-1.74%

Average Drawdown

Average peak-to-trough decline

-4.04%

-1.55%

-2.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.42%

-0.38%

Volatility

XMI.TO vs. FCIN.NEO - Volatility Comparison

The current volatility for iShares MSCI Min Vol EAFE Index ETF (XMI.TO) is 3.28%, while Fidelity All-International Equity ETF (FCIN.NEO) has a volatility of 5.34%. This indicates that XMI.TO experiences smaller price fluctuations and is considered to be less risky than FCIN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMI.TOFCIN.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

5.34%

-2.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.21%

10.87%

-2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

13.23%

-2.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.87%

13.76%

-3.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.48%

13.76%

-2.28%

Dividends

XMI.TO vs. FCIN.NEO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.56%, more than FCIN.NEO's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
FCIN.NEO
Fidelity All-International Equity ETF		1.15%1.28%1.52%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		2.56%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 FCIN.NEO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and Fidelity.

Portfolio Optimizer

Find the right allocation for XMI.TO and FCIN.NEO

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