XML.TO vs. XDIV.TO
XML.TO (iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XML.TO is a Global Equities fund tracking the MSCI EAFE Minimum Volatility (USD) 100% Hedged to CAD Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XML.TO returned 9.34%/yr vs 16.42%/yr for XDIV.TO. At a 0.39 correlation, their price movements are largely independent. XML.TO charges 0.40%/yr vs 0.11%/yr for XDIV.TO.
Performance
XML.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XML.TO achieves a 3.89% return, which is significantly lower than XDIV.TO's 19.17% return.
XML.TO
- 1D
- -0.12%
- 1M
- -0.91%
- YTD
- 3.89%
- 6M
- 5.30%
- 1Y
- 9.71%
- 3Y*
- 13.01%
- 5Y*
- 9.34%
- 10Y*
- 7.35%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XML.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XML.TO iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 3.89% | 17.56% | 14.13% | 11.69% | -6.94% | 13.27% | -5.87% | 16.26% | -3.28% | 3.75% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between XML.TO and XDIV.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.39 |
The correlation between XML.TO and XDIV.TO shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
XML.TO vs. XDIV.TO - Sectors Allocation Comparison
Sectors
XML.TO
XDIV.TO
Financial Services
Industrials
-
Healthcare
-
Consumer Defensive
-
Communication Services
Utilities
Energy
Consumer Cyclical
Technology
Real Estate
-
Basic Materials
-
Financial Services
XML.TO
XDIV.TO
Industrials
XML.TO
XDIV.TO
-
Healthcare
XML.TO
XDIV.TO
-
Consumer Defensive
XML.TO
XDIV.TO
-
Communication Services
XML.TO
XDIV.TO
Utilities
XML.TO
XDIV.TO
Energy
XML.TO
XDIV.TO
Consumer Cyclical
XML.TO
XDIV.TO
Technology
XML.TO
XDIV.TO
Real Estate
XML.TO
XDIV.TO
-
Basic Materials
XML.TO
XDIV.TO
-
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Return for Risk
XML.TO vs. XDIV.TO — Risk / Return Rank
XML.TO
XDIV.TO
XML.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| XML.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -5.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.03 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 16.64 | -14.64 |
| Martin ratioReturn relative to average drawdown | 5.42 | 56.55 | -51.13 |
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
| XML.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 4.94 | -3.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.57 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.81 | -0.19 |
Drawdowns
XML.TO vs. XDIV.TO - Drawdown Comparison
The maximum XML.TO drawdown since its inception was -28.62%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XML.TO and XDIV.TO.
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Drawdown Indicators
| XML.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -41.30% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -2.33% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -7.46% | -10.53% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | -17.60% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | — | — |
Current DrawdownCurrent decline from peak | -4.26% | -0.09% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -4.25% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.69% | +1.11% |
Volatility
XML.TO vs. XDIV.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) is 2.60%, while iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a volatility of 2.81%. This indicates that XML.TO experiences smaller price fluctuations and is considered to be less risky than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XML.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.81% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 6.36% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 7.85% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 10.53% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 16.01% | -3.92% |
XML.TO vs. XDIV.TO - Expense Ratio Comparison
XML.TO has a 0.40% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
XML.TO vs. XDIV.TO - Dividend Comparison
XML.TO's dividend yield for the trailing twelve months is around 2.66%, less than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% |
XML.TO iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 2.66% | 2.76% | 2.67% | 2.56% | 2.02% | 1.92% | 1.11% | 3.62% | 2.77% | 1.92% | 3.34% |
Frequently Asked Questions
XML.TO and XDIV.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.40% for XML.TO.
XML.TO is categorized as Global Equities, while XDIV.TO is Dividend. XML.TO tracks MSCI EAFE Minimum Volatility (USD) 100% Hedged to CAD Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.40% for XML.TO and 0.11% for XDIV.TO.
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