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

XMI.TO vs. VVL.TO

Last updated Jul 18, 2026
Documentation

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. XMI.TO is passively managed, while VVL.TO is actively managed. Over the past 10 years, XMI.TO returned 6.46%/yr vs 12.27%/yr for VVL.TO. At a 0.49 correlation, their price movements are largely independent. XMI.TO charges 0.40%/yr vs 0.38%/yr for VVL.TO.

Performance

XMI.TO vs. VVL.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 Vanguard Global Value Factor ETF CAD (VVL.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 9.33% return, which is significantly lower than VVL.TO's 17.21% return. Over the past 10 years, XMI.TO has underperformed VVL.TO with an annualized return of 6.46%, while VVL.TO has yielded a comparatively higher 12.27% annualized return.

XMI.TO

1D
0.64%
1M
3.13%
6M
6.54%
YTD
9.33%
1Y
14.79%
3Y*
15.04%
5Y*
8.36%
10Y*
6.46%

VVL.TO

1D
-0.88%
1M
3.91%
6M
11.32%
YTD
17.21%
1Y
30.32%
3Y*
20.05%
5Y*
15.08%
10Y*
12.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		9.33%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.71%13.75%
VVL.TO
Vanguard Global Value Factor ETF CAD		17.21%18.01%15.01%16.57%0.50%29.77%-3.29%13.44%-9.39%12.34%

Correlation

The correlation between XMI.TO and VVL.TO is 0.60, 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

0.60

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

0.50

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

0.47

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

0.49

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2016

0.49

The correlation between XMI.TO and VVL.TO shifts across timeframes, from 0.47 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
XMI.TO
VVL.TO

Financial Services

19.4%
25.3%

Industrials

15.9%
9.8%

Healthcare

12.0%
10.8%

Consumer Defensive

11.9%
6.5%

Communication Services

9.6%
6.1%

Utilities

8.8%
0.0%

Energy

8.3%
9.4%

Consumer Cyclical

5.0%
14.8%

Technology

4.6%
10.5%

Real Estate

3.0%
0.9%

Basic Materials

1.5%
6.0%

Financial Services

XMI.TO
19.4%
VVL.TO
25.3%

Industrials

XMI.TO
15.9%
VVL.TO
9.8%

Healthcare

XMI.TO
12.0%
VVL.TO
10.8%

Consumer Defensive

XMI.TO
11.9%
VVL.TO
6.5%

Communication Services

XMI.TO
9.6%
VVL.TO
6.1%

Utilities

XMI.TO
8.8%
VVL.TO
0.0%

Energy

XMI.TO
8.3%
VVL.TO
9.4%

Consumer Cyclical

XMI.TO
5.0%
VVL.TO
14.8%

Technology

XMI.TO
4.6%
VVL.TO
10.5%

Real Estate

XMI.TO
3.0%
VVL.TO
0.9%

Basic Materials

XMI.TO
1.5%
VVL.TO
6.0%

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

Vanguard Global Value Factor ETF CAD

Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. ZLB.TOXMI.TO vs. XMU.TOXMI.TO vs. EFAVXMI.TO vs. XEF.TOXMI.TO vs. XMW.TOXMI.TO vs. XUU.TO
Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO

Return for Risk

XMI.TO vs. VVL.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: 5555
Overall Rank
XMI.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 5555
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 5252
Martin Ratio Rank
VVL.TO
VVL.TO Risk / Return Rank: 8585
Overall Rank
VVL.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8585
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. VVL.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 Vanguard Global Value Factor ETF CAD (VVL.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XMI.TOVVL.TODifference
Sharpe ratioReturn per unit of total volatility
1.44
2.21

-0.76

Sortino ratioReturn per unit of downside risk
2.04
3.20

-1.15

Omega ratioGain probability vs. loss probability

1.27

1.39

-0.12

Calmar ratioReturn relative to maximum drawdown

2.43

3.45

-1.02

Martin ratioReturn relative to average drawdown

6.93

13.60

-6.67

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

The current XMI.TO Sharpe Ratio is 1.44, which is lower than the VVL.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XMI.TO and VVL.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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Drawdowns

XMI.TO vs. VVL.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for XMI.TO and VVL.TO.

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Drawdown Indicators

XMI.TOVVL.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-43.88%

+20.80%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-8.83%

+2.71%

Max Drawdown (3Y)

Largest decline over 3 years

-7.97%

-18.07%

+10.10%

Max Drawdown (5Y)

Largest decline over 5 years

-21.18%

-18.07%

-3.11%

Max Drawdown (10Y)

Largest decline over 10 years

-23.08%

-43.88%

+20.80%

Current Drawdown

Current decline from peak

0.00%

-0.88%

+0.88%

Average Drawdown

Average peak-to-trough decline

-4.02%

-5.73%

+1.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

2.24%

-0.10%

Volatility

XMI.TO vs. VVL.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol EAFE Index ETF (XMI.TO) is 2.32%, while Vanguard Global Value Factor ETF CAD (VVL.TO) has a volatility of 3.21%. This indicates that XMI.TO experiences smaller price fluctuations and is considered to be less risky than VVL.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.TOVVL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.32%

3.21%

-0.89%

Volatility (6M)

Calculated over the trailing 6-month period

8.24%

9.57%

-1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

10.31%

13.84%

-3.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.91%

16.07%

-6.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.35%

18.77%

-7.42%

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

XMI.TO has a 0.40% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.

Dividends

XMI.TO vs. VVL.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.61%, more than VVL.TO's 1.61% yield.

PositionTTM20252024202320222021202020192018201720162015
VVL.TO
Vanguard Global Value Factor ETF CAD		1.61%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%0.00%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.61%2.69%2.64%2.56%1.98%1.93%1.16%3.74%2.93%2.07%3.29%2.02%

Frequently Asked Questions

XMI.TO and VVL.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VVL.TO is cheaper with a 0.38% expense ratio, compared with 0.40% for XMI.TO.

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for XMI.TO and 0.38% for VVL.TO.

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