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

XMI.TO vs. TEQT.TO

Last updated Jun 4, 2026

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and TEQT.TO (TD All-Equity ETF Portfolio) are both Global Equities funds - XMI.TO tracks the MSCI EAFE Minimum Volatility Index while TEQT.TO tracks the 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). Both are passively managed. Over the past year, XMI.TO returned 10.07% vs 29.82% for TEQT.TO. At a 0.44 correlation, their price movements are largely independent. XMI.TO charges 0.40%/yr vs 0.17%/yr for TEQT.TO.

Performance

XMI.TO vs. TEQT.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 TD All-Equity ETF Portfolio (TEQT.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 TEQT.TO's 11.59% 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%

TEQT.TO

1D
-0.45%
1M
5.99%
YTD
11.59%
6M
11.36%
1Y
29.82%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		5.02%10.05%
TEQT.TO
TD All-Equity ETF Portfolio		11.59%27.04%

Correlation

The correlation between XMI.TO and TEQT.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2025

0.44

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

TD All-Equity ETF Portfolio

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Often compared with TEQT.TO:
TEQT.TO vs. XEQT.TOTEQT.TO vs. VEQT.TOTEQT.TO vs. TGRO.TOTEQT.TO vs. ZEQT.TOTEQT.TO vs. CAGE.TOTEQT.TO vs. TBAL.TOTEQT.TO vs. FEQT.NEO

Return for Risk

XMI.TO vs. TEQT.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
TEQT.TO
TEQT.TO Risk / Return Rank: 8181
Overall Rank
TEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TEQT.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
TEQT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
TEQT.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
TEQT.TO Martin Ratio Rank: 8080
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. TEQT.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 TD All-Equity ETF Portfolio (TEQT.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.TOTEQT.TODifference
Sharpe ratioReturn per unit of total volatility
0.97
2.70

-1.73

Sortino ratioReturn per unit of downside risk
1.37
3.78

-2.41

Omega ratioGain probability vs. loss probability

1.18

1.51

-0.32

Calmar ratioReturn relative to maximum drawdown

1.65

3.93

-2.28

Martin ratioReturn relative to average drawdown

4.94

16.17

-11.23

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. TEQT.TO - Sharpe Ratio Comparison

The current XMI.TO Sharpe Ratio is 0.97, which is lower than the TEQT.TO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of XMI.TO and TEQT.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.TOTEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

2.70

-1.73

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

2.99

-2.20

Drawdowns

XMI.TO vs. TEQT.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for XMI.TO and TEQT.TO.

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Drawdown Indicators

XMI.TOTEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-7.62%

-15.46%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-7.62%

+1.50%

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%

-0.45%

-3.45%

Average Drawdown

Average peak-to-trough decline

-4.04%

-1.00%

-3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.85%

+0.19%

Volatility

XMI.TO vs. TEQT.TO - Volatility Comparison

iShares MSCI Min Vol EAFE Index ETF (XMI.TO) has a higher volatility of 3.28% compared to TD All-Equity ETF Portfolio (TEQT.TO) at 3.03%. This indicates that XMI.TO's price experiences larger fluctuations and is considered to be riskier than TEQT.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.TOTEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

3.03%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

8.21%

8.80%

-0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

11.10%

-0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.87%

12.18%

-2.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.48%

12.18%

-0.70%

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

XMI.TO has a 0.40% expense ratio, which is higher than TEQT.TO's 0.17% expense ratio.

Dividends

XMI.TO vs. TEQT.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.56%, more than TEQT.TO's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
TEQT.TO
TD All-Equity ETF Portfolio		1.31%1.14%0.00%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 TEQT.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.40% for XMI.TO.

XMI.TO tracks MSCI EAFE Minimum Volatility Index, while TEQT.TO tracks 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). They also come from different issuers: iShares and TD. Their fees differ too: 0.40% for XMI.TO and 0.17% for TEQT.TO.

Portfolio Optimizer

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