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

XMI.TO vs. XMW.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Min Vol EAFE Index ETF (XMI.TO) and iShares MSCI Min Vol Global Index ETF (XMW.TO).

XMI.TO and XMW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMI.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Jul 24, 2012. XMW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jul 24, 2012. Both XMI.TO and XMW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XMI.TO vs. XMW.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 iShares MSCI Min Vol Global Index ETF (XMW.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		7.31%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.70%13.74%
XMW.TO
iShares MSCI Min Vol Global Index ETF		1.32%5.84%20.05%4.68%-4.33%12.80%0.51%14.74%5.95%10.19%

Returns By Period

In the year-to-date period, XMI.TO achieves a 7.31% return, which is significantly higher than XMW.TO's 1.32% return. Over the past 10 years, XMI.TO has underperformed XMW.TO with an annualized return of 6.53%, while XMW.TO has yielded a comparatively higher 7.38% annualized return.

XMI.TO

1D
1.29%
1M
-1.77%
YTD
7.31%
6M
9.28%
1Y
16.40%
3Y*
14.53%
5Y*
9.07%
10Y*
6.53%

XMW.TO

1D
1.04%
1M
-2.77%
YTD
1.32%
6M
-0.06%
1Y
0.28%
3Y*
10.02%
5Y*
7.57%
10Y*
7.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares MSCI Min Vol EAFE Index ETF

iShares MSCI Min Vol Global Index ETF

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Often compared with XMW.TO:
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XMI.TO vs. XMW.TO - Expense Ratio Comparison

XMI.TO has a 0.40% expense ratio, which is lower than XMW.TO's 0.48% expense ratio.

XMW.TO
iShares MSCI Min Vol Global Index ETF
XMI.TO
iShares MSCI Min Vol EAFE Index ETF

Return for Risk

XMI.TO vs. XMW.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: 7878
Overall Rank
XMI.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 8181
Martin Ratio Rank
XMW.TO
XMW.TO Risk / Return Rank: 1313
Overall Rank
XMW.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
XMW.TO Sortino Ratio Rank: 1111
Sortino Ratio Rank
XMW.TO Omega Ratio Rank: 1111
Omega Ratio Rank
XMW.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
XMW.TO Martin Ratio Rank: 1616
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. XMW.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 iShares MSCI Min Vol Global Index ETF (XMW.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.TOXMW.TODifference

Sharpe ratio

Return per unit of total volatility

1.42

0.03

+1.39

Sortino ratio

Return per unit of downside risk

1.92

0.10

+1.81

Omega ratio

Gain probability vs. loss probability

1.28

1.01

+0.26

Calmar ratio

Return relative to maximum drawdown

2.28

0.17

+2.12

Martin ratio

Return relative to average drawdown

8.83

0.53

+8.30

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. XMW.TO - Sharpe Ratio Comparison

The current XMI.TO Sharpe Ratio is 1.42, which is higher than the XMW.TO Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of XMI.TO and XMW.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XMI.TOXMW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

0.03

+1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

0.87

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.67

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.94

-0.13

Correlation

The correlation between XMI.TO and XMW.TO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XMI.TO vs. XMW.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.51%, more than XMW.TO's 1.56% yield.

TTM20252024202320222021202020192018201720162015
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.51%2.69%2.64%2.56%1.99%1.93%1.16%3.74%2.92%2.07%3.29%2.02%
XMW.TO
iShares MSCI Min Vol Global Index ETF		1.56%1.58%1.81%1.98%1.66%1.43%1.52%2.20%2.01%1.61%2.02%1.85%

Drawdowns

XMI.TO vs. XMW.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, which is greater than XMW.TO's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for XMI.TO and XMW.TO.

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Drawdown Indicators

XMI.TOXMW.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-21.42%

-1.66%

Max Drawdown (1Y)

Largest decline over 1 year

-6.78%

-8.10%

+1.32%

Max Drawdown (5Y)

Largest decline over 5 years

-21.18%

-14.45%

-6.73%

Max Drawdown (10Y)

Largest decline over 10 years

-23.08%

-21.42%

-1.66%

Current Drawdown

Current decline from peak

-1.77%

-2.77%

+1.00%

Average Drawdown

Average peak-to-trough decline

-4.06%

-2.75%

-1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

2.72%

-0.86%

Volatility

XMI.TO vs. XMW.TO - Volatility Comparison

iShares MSCI Min Vol EAFE Index ETF (XMI.TO) has a higher volatility of 5.20% compared to iShares MSCI Min Vol Global Index ETF (XMW.TO) at 3.39%. This indicates that XMI.TO's price experiences larger fluctuations and is considered to be riskier than XMW.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.TOXMW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.20%

3.39%

+1.81%

Volatility (6M)

Calculated over the trailing 6-month period

7.77%

5.85%

+1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

11.58%

10.13%

+1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.83%

8.75%

+1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.46%

11.08%

+0.38%