XMM.TO vs. XIU.TO
XMM.TO (iShares MSCI Min Vol Emerging Markets Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XMM.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XMM.TO returned 6.86%/yr vs 12.62%/yr for XIU.TO. At a 0.44 correlation, their price movements are largely independent. XMM.TO charges 0.42%/yr vs 0.18%/yr for XIU.TO.
Performance
XMM.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XMM.TO achieves a 18.98% return, which is significantly higher than XIU.TO's 10.14% return. Over the past 10 years, XMM.TO has underperformed XIU.TO with an annualized return of 6.86%, while XIU.TO has yielded a comparatively higher 12.62% annualized return.
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%
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XMM.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 18.74% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XMM.TO and XIU.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2012 | 0.44 |
The correlation between XMM.TO and XIU.TO shifts across timeframes, from 0.30 (5 years) to 0.44 (all time), reflecting how their relationship changes across market environments.
XMM.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
XMM.TO
XIU.TO
Technology
Financial Services
Communication Services
Consumer Defensive
Consumer Cyclical
Healthcare
-
Utilities
Industrials
Energy
Basic Materials
Real Estate
Technology
XMM.TO
XIU.TO
Financial Services
XMM.TO
XIU.TO
Communication Services
XMM.TO
XIU.TO
Consumer Defensive
XMM.TO
XIU.TO
Consumer Cyclical
XMM.TO
XIU.TO
Healthcare
XMM.TO
XIU.TO
-
Utilities
XMM.TO
XIU.TO
Industrials
XMM.TO
XIU.TO
Energy
XMM.TO
XIU.TO
Basic Materials
XMM.TO
XIU.TO
Real Estate
XMM.TO
XIU.TO
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Return for Risk
XMM.TO vs. XIU.TO — Risk / Return Rank
XMM.TO
XIU.TO
XMM.TO vs. XIU.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 S&P/TSX 60 Index ETF (XIU.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.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 4.16 | -1.01 |
| Martin ratioReturn relative to average drawdown | 11.25 | 19.30 | -8.06 |
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
| XMM.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.71 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.13 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.85 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.51 | +0.04 |
Drawdowns
XMM.TO vs. XIU.TO - Drawdown Comparison
The maximum XMM.TO drawdown since its inception was -22.07%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XMM.TO and XIU.TO.
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Drawdown Indicators
| XMM.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -52.31% | +30.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -7.65% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -9.94% | -12.36% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -16.36% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -22.07% | -35.46% | +13.39% |
Current DrawdownCurrent decline from peak | -0.77% | -0.87% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -11.63% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.64% | +0.81% |
Volatility
XMM.TO vs. XIU.TO - Volatility Comparison
iShares MSCI Min Vol Emerging Markets Index ETF (XMM.TO) has a higher volatility of 5.38% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that XMM.TO's price experiences larger fluctuations and is considered to be riskier than XIU.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.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 3.28% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 9.32% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 11.73% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 12.78% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.02% | 15.01% | -2.99% |
XMM.TO vs. XIU.TO - Expense Ratio Comparison
XMM.TO has a 0.42% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.
Dividends
XMM.TO vs. XIU.TO - Dividend Comparison
XMM.TO's dividend yield for the trailing twelve months is around 2.00%, less than XIU.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
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 XIU.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.42% for XMM.TO.
XMM.TO is categorized as Emerging Markets Equities, while XIU.TO is Canada Equities. XMM.TO tracks Morningstar EM GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.42% for XMM.TO and 0.18% for XIU.TO.
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