XMI.TO vs. WSHR.NEO
XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) are both Global Equities funds - XMI.TO tracks the MSCI EAFE Minimum Volatility Index while WSHR.NEO tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. Both are passively managed. Over the past 5 years, XMI.TO returned 8.54%/yr vs 6.96%/yr for WSHR.NEO. A 0.61 correlation means they provide meaningful diversification when combined. XMI.TO charges 0.40%/yr vs 0.56%/yr for WSHR.NEO.
Performance
XMI.TO vs. WSHR.NEO - Performance Comparison
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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 WSHR.NEO's 5.69% 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%
WSHR.NEO
- 1D
- 0.21%
- 1M
- 4.06%
- YTD
- 5.69%
- 6M
- 4.78%
- 1Y
- 8.03%
- 3Y*
- 9.31%
- 5Y*
- 6.96%
- 10Y*
- —
XMI.TO vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMI.TO iShares MSCI Min Vol EAFE Index ETF | 5.02% | 19.69% | 13.51% | 9.32% | -10.50% | 11.92% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 5.69% | 5.34% | 12.31% | 11.88% | -10.32% | 16.05% |
Correlation
The correlation between XMI.TO and WSHR.NEO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.61 |
The correlation between XMI.TO and WSHR.NEO shifts across timeframes, from 0.49 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMI.TO vs. WSHR.NEO — Risk / Return Rank
XMI.TO
WSHR.NEO
XMI.TO vs. WSHR.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 Wealthsimple Shariah World Equity Index ETF (WSHR.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.TO | WSHR.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.90 | +0.75 |
| Martin ratioReturn relative to average drawdown | 4.94 | 3.00 | +1.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMI.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.73 | +0.24 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.70 | +0.08 |
Drawdowns
XMI.TO vs. WSHR.NEO - Drawdown Comparison
The maximum XMI.TO drawdown since its inception was -23.08%, which is greater than WSHR.NEO's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for XMI.TO and WSHR.NEO.
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Drawdown Indicators
| XMI.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.08% | -20.86% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.12% | -8.96% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -7.97% | -11.15% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -20.86% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -23.08% | — | — |
Current DrawdownCurrent decline from peak | -3.90% | -1.19% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -4.81% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.69% | -0.65% |
Volatility
XMI.TO vs. WSHR.NEO - Volatility Comparison
iShares MSCI Min Vol EAFE Index ETF (XMI.TO) has a higher volatility of 3.28% compared to Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) at 2.27%. This indicates that XMI.TO's price experiences larger fluctuations and is considered to be riskier than WSHR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMI.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.27% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.80% | +0.41% |
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% | 11.14% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.48% | 11.11% | +0.37% |
XMI.TO vs. WSHR.NEO - Expense Ratio Comparison
XMI.TO has a 0.40% expense ratio, which is lower than WSHR.NEO's 0.56% expense ratio.
Dividends
XMI.TO vs. WSHR.NEO - Dividend Comparison
XMI.TO's dividend yield for the trailing twelve months is around 2.56%, more than WSHR.NEO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.32% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% | 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 WSHR.NEO have a correlation of 0.49, 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 0.56% for WSHR.NEO.
XMI.TO tracks MSCI EAFE Minimum Volatility Index, while WSHR.NEO tracks Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.40% for XMI.TO and 0.56% for WSHR.NEO.
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