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XMTM.TO vs. VFV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XMTM.TO vs. VFV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and Vanguard S&P 500 Index ETF (VFV.TO).

XMTM.TO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMTM.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Sep 4, 2019. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. Both XMTM.TO and VFV.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

XMTM.TO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

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XMTM.TO vs. VFV.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		-4.57%14.02%43.59%6.48%-14.53%15.01%25.77%3.42%
VFV.TO
Vanguard S&P 500 Index ETF		-3.12%12.18%35.23%23.23%-12.58%27.51%15.62%5.79%

Returns By Period

In the year-to-date period, XMTM.TO achieves a -4.57% return, which is significantly lower than VFV.TO's -3.12% return.

XMTM.TO

1D
0.80%
1M
-4.64%
YTD
-4.57%
6M
-9.56%
1Y
11.33%
3Y*
20.40%
5Y*
10.52%
10Y*
—

VFV.TO

1D
2.76%
1M
-3.12%
YTD
-3.12%
6M
-1.94%
1Y
13.65%
3Y*
19.11%
5Y*
13.78%
10Y*
14.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares MSCI USA Momentum Factor Index ETF

Vanguard S&P 500 Index ETF

Often compared with XMTM.TO:
XMTM.TO vs. SPMOXMTM.TO vs. VMO.TOXMTM.TO vs. XCHP.TOXMTM.TO vs. QQC.TOXMTM.TO vs. FEQT.NEOXMTM.TO vs. VOOXMTM.TO vs. XIU.TO
Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. VSP.TOVFV.TO vs. QQC.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

XMTM.TO vs. VFV.TO - Expense Ratio Comparison

XMTM.TO has a 0.31% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.

XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
VFV.TO
Vanguard S&P 500 Index ETF

Return for Risk

XMTM.TO vs. VFV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMTM.TO
XMTM.TO Risk / Return Rank: 3333
Overall Rank
XMTM.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XMTM.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
XMTM.TO Omega Ratio Rank: 3131
Omega Ratio Rank
XMTM.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XMTM.TO Martin Ratio Rank: 3434
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 4848
Overall Rank
VFV.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 5050
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 5151
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.

XMTM.TO vs. VFV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and Vanguard S&P 500 Index ETF (VFV.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.

XMTM.TOVFV.TODifference

Sharpe ratio

Return per unit of total volatility

0.51

0.75

-0.25

Sortino ratio

Return per unit of downside risk

0.85

1.13

-0.28

Omega ratio

Gain probability vs. loss probability

1.12

1.18

-0.06

Calmar ratio

Return relative to maximum drawdown

1.03

1.19

-0.16

Martin ratio

Return relative to average drawdown

2.91

4.51

-1.61

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

XMTM.TO vs. VFV.TO - Sharpe Ratio Comparison

The current XMTM.TO Sharpe Ratio is 0.51, which is lower than the VFV.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of XMTM.TO and VFV.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

XMTM.TOVFV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.51

0.75

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.93

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

1.07

-0.45

Correlation

The correlation between XMTM.TO and VFV.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XMTM.TO vs. VFV.TO - Dividend Comparison

XMTM.TO's dividend yield for the trailing twelve months is around 0.64%, less than VFV.TO's 0.96% yield.

TTM20252024202320222021202020192018201720162015
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		0.64%0.70%0.62%0.84%1.66%0.33%0.64%1.24%0.00%0.00%0.00%0.00%
VFV.TO
Vanguard S&P 500 Index ETF		0.96%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.68%1.50%1.66%1.63%

Drawdowns

XMTM.TO vs. VFV.TO - Drawdown Comparison

The maximum XMTM.TO drawdown since its inception was -29.01%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for XMTM.TO and VFV.TO.

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Drawdown Indicators

XMTM.TOVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.01%

-27.43%

-1.58%

Max Drawdown (1Y)

Largest decline over 1 year

-12.39%

-12.52%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-29.01%

-22.19%

-6.82%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.43%

—

Current Drawdown

Current decline from peak

-10.71%

-6.10%

-4.61%

Average Drawdown

Average peak-to-trough decline

-8.14%

-3.39%

-4.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.39%

3.29%

+1.10%

Volatility

XMTM.TO vs. VFV.TO - Volatility Comparison

iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has a higher volatility of 6.66% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 5.12%. This indicates that XMTM.TO's price experiences larger fluctuations and is considered to be riskier than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMTM.TOVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.66%

5.12%

+1.54%

Volatility (6M)

Calculated over the trailing 6-month period

13.06%

9.27%

+3.79%

Volatility (1Y)

Calculated over the trailing 1-year period

22.55%

18.28%

+4.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.54%

14.92%

+3.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.85%

16.57%

+3.28%