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XMI.TO vs. PID.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMI.TO vs. PID.TO

Last updated Jun 4, 2026

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and PID.TO (Purpose International Dividend Fund) are both exchange-traded funds - XMI.TO is a Global Equities fund tracking the MSCI EAFE Minimum Volatility Index, while PID.TO is a fund fund. Over the past 10 years, XMI.TO returned 6.04%/yr vs 10.23%/yr for PID.TO. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

XMI.TO vs. PID.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 Purpose International Dividend Fund (PID.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XMI.TO achieves a 5.02% return, which is significantly lower than PID.TO's 9.49% return. Over the past 10 years, XMI.TO has underperformed PID.TO with an annualized return of 6.04%, while PID.TO has yielded a comparatively higher 10.23% 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%

PID.TO

1D
0.00%
1M
4.62%
YTD
9.49%
6M
11.42%
1Y
26.77%
3Y*
21.11%
5Y*
14.28%
10Y*
10.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMI.TO vs. PID.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%
PID.TO
Purpose International Dividend Fund		9.49%33.40%13.85%15.75%-2.67%8.95%-3.24%14.04%0.49%11.86%

Correlation

The correlation between XMI.TO and PID.TO is 0.70, 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

0.70

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

0.64

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

0.62

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

0.66

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2015

0.62

The correlation between XMI.TO and PID.TO has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

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

Sectors
XMI.TO
PID.TO

Financial Services

18.8%
32.8%

Industrials

13.5%
9.9%

Healthcare

12.7%
10.7%

Consumer Defensive

11.2%
5.8%

Communication Services

9.6%
5.6%

Utilities

8.3%
6.3%

Energy

7.2%
7.3%

Consumer Cyclical

5.3%
8.6%

Technology

4.7%
3.1%

Real Estate

2.7%
0.3%

Basic Materials

1.4%
9.4%

Financial Services

XMI.TO
18.8%
PID.TO
32.8%

Industrials

XMI.TO
13.5%
PID.TO
9.9%

Healthcare

XMI.TO
12.7%
PID.TO
10.7%

Consumer Defensive

XMI.TO
11.2%
PID.TO
5.8%

Communication Services

XMI.TO
9.6%
PID.TO
5.6%

Utilities

XMI.TO
8.3%
PID.TO
6.3%

Energy

XMI.TO
7.2%
PID.TO
7.3%

Consumer Cyclical

XMI.TO
5.3%
PID.TO
8.6%

Technology

XMI.TO
4.7%
PID.TO
3.1%

Real Estate

XMI.TO
2.7%
PID.TO
0.3%

Basic Materials

XMI.TO
1.4%
PID.TO
9.4%

Compare stocks, funds, or ETFs

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iShares MSCI Min Vol EAFE Index ETF

Purpose International Dividend Fund

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 PID.TO:
PID.TO vs. PDF.TOPID.TO vs. CPD.TOPID.TO vs. VRIF.TOPID.TO vs. XMV.TOPID.TO vs. XIC.TOPID.TO vs. SPYPID.TO vs. VGG.TO

Return for Risk

XMI.TO vs. PID.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
PID.TO
PID.TO Risk / Return Rank: 5555
Overall Rank
PID.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
PID.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
PID.TO Omega Ratio Rank: 5757
Omega Ratio Rank
PID.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
PID.TO Martin Ratio Rank: 5555
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. PID.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 Purpose International Dividend Fund (PID.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.TOPID.TODifference
Sharpe ratioReturn per unit of total volatility
0.97
1.91

-0.94

Sortino ratioReturn per unit of downside risk
1.37
2.65

-1.28

Omega ratioGain probability vs. loss probability

1.18

1.35

-0.17

Calmar ratioReturn relative to maximum drawdown

1.65

2.42

-0.77

Martin ratioReturn relative to average drawdown

4.94

9.42

-4.48

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. PID.TO - Sharpe Ratio Comparison

The current XMI.TO Sharpe Ratio is 0.97, which is lower than the PID.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of XMI.TO and PID.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.

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Sharpe Ratios by Period

XMI.TOPID.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

1.91

-0.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.17

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.74

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.63

+0.15

Drawdowns

XMI.TO vs. PID.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, smaller than the maximum PID.TO drawdown of -27.27%. Use the drawdown chart below to compare losses from any high point for XMI.TO and PID.TO.

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Drawdown Indicators

XMI.TOPID.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-27.27%

+4.19%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-11.09%

+4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-7.97%

-12.35%

+4.38%

Max Drawdown (5Y)

Largest decline over 5 years

-21.18%

-19.11%

-2.07%

Max Drawdown (10Y)

Largest decline over 10 years

-23.08%

-27.27%

+4.19%

Current Drawdown

Current decline from peak

-3.90%

-1.55%

-2.35%

Average Drawdown

Average peak-to-trough decline

-4.04%

-4.09%

+0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.85%

-0.81%

Volatility

XMI.TO vs. PID.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol EAFE Index ETF (XMI.TO) is 3.28%, while Purpose International Dividend Fund (PID.TO) has a volatility of 4.40%. This indicates that XMI.TO experiences smaller price fluctuations and is considered to be less risky than PID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMI.TOPID.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

4.40%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.21%

11.47%

-3.26%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

14.07%

-3.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.87%

12.34%

-2.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.48%

13.97%

-2.49%

Dividends

XMI.TO vs. PID.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.56%, less than PID.TO's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
PID.TO
Purpose International Dividend Fund		2.88%3.12%4.02%4.39%4.86%5.61%4.64%4.28%4.67%3.53%3.49%2.06%
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 PID.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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