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XMM.TO vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMM.TO vs. XDIV.TO

Last updated Jun 4, 2026

XMM.TO (iShares MSCI Min Vol Emerging Markets Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XMM.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD, 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, XMM.TO returned 8.00%/yr vs 16.42%/yr for XDIV.TO. At a 0.30 correlation, their price movements are largely independent. XMM.TO charges 0.42%/yr vs 0.11%/yr for XDIV.TO.

Performance

XMM.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol Emerging Markets Index ETF (XMM.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XMM.TO having a 18.98% return and XDIV.TO slightly higher at 19.17%.

XMM.TO

1D
-0.77%
1M
9.35%
YTD
18.98%
6M
17.95%
1Y
27.44%
3Y*
15.00%
5Y*
8.00%
10Y*
6.86%

XDIV.TO

1D
0.19%
1M
3.65%
YTD
19.17%
6M
18.94%
1Y
38.61%
3Y*
22.97%
5Y*
16.42%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMM.TO vs. XDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMM.TO
iShares MSCI Min Vol Emerging Markets Index ETF		18.98%7.65%16.66%4.10%-7.83%3.95%4.32%1.36%2.35%5.95%
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 XMM.TO and XDIV.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.22

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

0.20

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2017

0.30

The correlation between XMM.TO and XDIV.TO shifts across timeframes, from 0.17 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

XMM.TO vs. XDIV.TO - Sectors Allocation Comparison

Sectors
XMM.TO
XDIV.TO

Technology

23.0%
1.3%

Financial Services

14.9%
46.7%

Communication Services

7.5%
0.4%

Consumer Defensive

5.4%

-

Consumer Cyclical

3.9%
11.5%

Healthcare

3.8%

-

Utilities

3.7%
11.3%

Industrials

2.9%

-

Energy

2.3%
28.8%

Basic Materials

1.8%

-

Real Estate

0.4%

-

Technology

XMM.TO
23.0%
XDIV.TO
1.3%

Financial Services

XMM.TO
14.9%
XDIV.TO
46.7%

Communication Services

XMM.TO
7.5%
XDIV.TO
0.4%

Consumer Defensive

XMM.TO
5.4%
XDIV.TO

-

Consumer Cyclical

XMM.TO
3.9%
XDIV.TO
11.5%

Healthcare

XMM.TO
3.8%
XDIV.TO

-

Utilities

XMM.TO
3.7%
XDIV.TO
11.3%

Industrials

XMM.TO
2.9%
XDIV.TO

-

Energy

XMM.TO
2.3%
XDIV.TO
28.8%

Basic Materials

XMM.TO
1.8%
XDIV.TO

-

Real Estate

XMM.TO
0.4%
XDIV.TO

-

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iShares MSCI Min Vol Emerging Markets Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with XMM.TO:
XMM.TO vs. XSEM.TOXMM.TO vs. XMU.TOXMM.TO vs. XEQT.TOXMM.TO vs. XEC.TOXMM.TO vs. HTAE.TOXMM.TO vs. VEE.TOXMM.TO vs. SPMO
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

XMM.TO vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMM.TO
XMM.TO Risk / Return Rank: 6969
Overall Rank
XMM.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XMM.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
XMM.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XMM.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
XMM.TO Martin Ratio Rank: 6363
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
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.

XMM.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Emerging Markets Index ETF (XMM.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.

XMM.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
2.19
4.94

-2.75

Sortino ratioReturn per unit of downside risk
3.24
7.29

-4.05

Omega ratioGain probability vs. loss probability

1.46

2.03

-0.57

Calmar ratioReturn relative to maximum drawdown

3.15

16.64

-13.49

Martin ratioReturn relative to average drawdown

11.25

56.55

-45.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMM.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current XMM.TO Sharpe Ratio is 2.19, which is lower than the XDIV.TO Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of XMM.TO and XDIV.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

XMM.TOXDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

4.94

-2.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

1.57

-0.80

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.81

-0.26

Drawdowns

XMM.TO vs. XDIV.TO - Drawdown Comparison

The maximum XMM.TO drawdown since its inception was -22.07%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XMM.TO and XDIV.TO.

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Drawdown Indicators

XMM.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.07%

-41.30%

+19.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-2.33%

-6.43%

Max Drawdown (3Y)

Largest decline over 3 years

-9.94%

-10.53%

+0.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.42%

-17.60%

+2.18%

Max Drawdown (10Y)

Largest decline over 10 years

-22.07%

—

—

Current Drawdown

Current decline from peak

-0.77%

-0.09%

-0.68%

Average Drawdown

Average peak-to-trough decline

-5.21%

-4.25%

-0.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

0.69%

+1.76%

Volatility

XMM.TO vs. XDIV.TO - Volatility Comparison

iShares MSCI Min Vol Emerging Markets Index ETF (XMM.TO) has a higher volatility of 5.38% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that XMM.TO's price experiences larger fluctuations and is considered to be riskier 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

XMM.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

2.81%

+2.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.25%

6.36%

+4.89%

Volatility (1Y)

Calculated over the trailing 1-year period

12.57%

7.85%

+4.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.40%

10.53%

-0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.02%

16.01%

-3.99%

XMM.TO vs. XDIV.TO - Expense Ratio Comparison

XMM.TO has a 0.42% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

Dividends

XMM.TO vs. XDIV.TO - Dividend Comparison

XMM.TO's dividend yield for the trailing twelve months is around 2.00%, less than XDIV.TO's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
XMM.TO
iShares MSCI Min Vol Emerging Markets Index ETF		2.00%2.37%2.95%2.55%1.55%1.91%2.09%2.44%2.21%2.09%2.32%2.16%

Frequently Asked Questions

XMM.TO and XDIV.TO have a correlation of 0.17, 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 0.42% for XMM.TO.

XMM.TO is categorized as Emerging Markets Equities, while XDIV.TO is Dividend. XMM.TO tracks Morningstar EM GR CAD, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.42% for XMM.TO and 0.11% for XDIV.TO.

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