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XMU.TO vs. IDLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMU.TO vs. IDLV

Last updated Jun 4, 2026

XMU.TO (iShares MSCI Min Vol USA Index ETF) and IDLV (Invesco S&P International Developed Low Volatility ETF) are both exchange-traded funds - XMU.TO is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while IDLV is a Volatility Hedged Equity fund tracking the S&P BMI International Developed Low Volatility Index. Both are passively managed. Over the past 10 years, XMU.TO returned 9.17%/yr vs 5.88%/yr for IDLV. A 0.53 correlation means they provide meaningful diversification when combined. XMU.TO charges 0.33%/yr vs 0.25%/yr for IDLV.

Performance

XMU.TO vs. IDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol USA Index ETF (XMU.TO) and Invesco S&P International Developed Low Volatility ETF (IDLV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XMU.TO is traded in CAD, while IDLV is traded in USD. To make them comparable, the IDLV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMU.TO achieves a 3.85% return, which is significantly higher than IDLV's 3.65% return. Over the past 10 years, XMU.TO has outperformed IDLV with an annualized return of 9.17%, while IDLV has yielded a comparatively lower 5.88% annualized return.

XMU.TO

1D
-0.09%
1M
4.37%
YTD
3.85%
6M
-1.16%
1Y
1.98%
3Y*
10.21%
5Y*
8.15%
10Y*
9.17%

IDLV

1D
0.15%
1M
-0.04%
YTD
3.65%
6M
3.81%
1Y
10.77%
3Y*
13.04%
5Y*
8.90%
10Y*
5.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMU.TO vs. IDLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMU.TO
iShares MSCI Min Vol USA Index ETF		3.85%-0.84%21.99%6.59%-3.64%16.99%2.99%20.78%9.07%10.80%
IDLV
Invesco S&P International Developed Low Volatility ETF		3.65%21.91%10.92%6.77%-5.95%8.77%-11.31%14.19%-0.22%14.24%

Correlation

The correlation between XMU.TO and IDLV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.40

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

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Aug 1, 2012

0.53

The correlation between XMU.TO and IDLV shifts across timeframes, from 0.40 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.

XMU.TO vs. IDLV - Sectors Allocation Comparison

Sectors
XMU.TO
IDLV

Technology

31.2%
0.7%

Financial Services

13.7%
22.9%

Healthcare

12.6%
1.7%

Consumer Defensive

9.9%
13.8%

Utilities

7.4%
11.4%

Communication Services

5.9%
8.6%

Consumer Cyclical

5.7%
3.8%

Industrials

5.6%
16.4%

Energy

3.7%
3.6%

Real Estate

2.2%
15.4%

Basic Materials

2.1%
2.3%

Technology

XMU.TO
31.2%
IDLV
0.7%

Financial Services

XMU.TO
13.7%
IDLV
22.9%

Healthcare

XMU.TO
12.6%
IDLV
1.7%

Consumer Defensive

XMU.TO
9.9%
IDLV
13.8%

Utilities

XMU.TO
7.4%
IDLV
11.4%

Communication Services

XMU.TO
5.9%
IDLV
8.6%

Consumer Cyclical

XMU.TO
5.7%
IDLV
3.8%

Industrials

XMU.TO
5.6%
IDLV
16.4%

Energy

XMU.TO
3.7%
IDLV
3.6%

Real Estate

XMU.TO
2.2%
IDLV
15.4%

Basic Materials

XMU.TO
2.1%
IDLV
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Min Vol USA Index ETF

Invesco S&P International Developed Low Volatility ETF

Often compared with XMU.TO:
XMU.TO vs. ZLU.TOXMU.TO vs. XMV.TOXMU.TO vs. XMS.TOXMU.TO vs. VFV.TOXMU.TO vs. XIT.TOXMU.TO vs. SMMVXMU.TO vs. XST.TO
Often compared with IDLV:
IDLV vs. SPLVIDLV vs. SCHYIDLV vs. LVHIIDLV vs. ACWVIDLV vs. QLVDIDLV vs. MDIJXIDLV vs. VIGI

Return for Risk

XMU.TO vs. IDLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMU.TO
XMU.TO Risk / Return Rank: 1111
Overall Rank
XMU.TO Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
XMU.TO Sortino Ratio Rank: 1010
Sortino Ratio Rank
XMU.TO Omega Ratio Rank: 1111
Omega Ratio Rank
XMU.TO Calmar Ratio Rank: 1212
Calmar Ratio Rank
XMU.TO Martin Ratio Rank: 1111
Martin Ratio Rank
IDLV
IDLV Risk / Return Rank: 2626
Overall Rank
IDLV Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IDLV Sortino Ratio Rank: 2525
Sortino Ratio Rank
IDLV Omega Ratio Rank: 2626
Omega Ratio Rank
IDLV Calmar Ratio Rank: 2626
Calmar Ratio Rank
IDLV Martin Ratio Rank: 2626
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.

XMU.TO vs. IDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) and Invesco S&P International Developed Low Volatility ETF (IDLV). 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.

XMU.TOIDLVDifference
Sharpe ratioReturn per unit of total volatility
0.22
1.23

-1.02

Sortino ratioReturn per unit of downside risk
0.35
1.74

-1.38

Omega ratioGain probability vs. loss probability

1.04

1.23

-0.18

Calmar ratioReturn relative to maximum drawdown

0.26

1.49

-1.23

Martin ratioReturn relative to average drawdown

0.56

4.84

-4.29

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

XMU.TO vs. IDLV - Sharpe Ratio Comparison

The current XMU.TO Sharpe Ratio is 0.22, which is lower than the IDLV Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XMU.TO and IDLV, 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

XMU.TOIDLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.22

1.23

-1.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.99

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.54

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.76

+0.22

Drawdowns

XMU.TO vs. IDLV - Drawdown Comparison

The maximum XMU.TO drawdown since its inception was -27.31%, roughly equal to the maximum IDLV drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for XMU.TO and IDLV.

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Drawdown Indicators

XMU.TOIDLVDifference

Max Drawdown

Largest peak-to-trough decline

-27.31%

-28.53%

+1.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-7.26%

-0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-10.98%

-7.90%

-3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-18.16%

-15.61%

-2.55%

Max Drawdown (10Y)

Largest decline over 10 years

-27.31%

-28.53%

+1.22%

Current Drawdown

Current decline from peak

-3.95%

-4.44%

+0.49%

Average Drawdown

Average peak-to-trough decline

-3.44%

-4.85%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

2.23%

+1.34%

Volatility

XMU.TO vs. IDLV - Volatility Comparison

The current volatility for iShares MSCI Min Vol USA Index ETF (XMU.TO) is 2.18%, while Invesco S&P International Developed Low Volatility ETF (IDLV) has a volatility of 2.51%. This indicates that XMU.TO experiences smaller price fluctuations and is considered to be less risky than IDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMU.TOIDLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

2.51%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

6.86%

7.03%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

9.20%

8.81%

+0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.15%

9.06%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.97%

10.93%

+3.04%

XMU.TO vs. IDLV - Expense Ratio Comparison

XMU.TO has a 0.33% expense ratio, which is higher than IDLV's 0.25% expense ratio.

Dividends

XMU.TO vs. IDLV - Dividend Comparison

XMU.TO's dividend yield for the trailing twelve months is around 1.12%, less than IDLV's 4.71% yield.

PositionTTM20252024202320222021202020192018201720162015
IDLV
Invesco S&P International Developed Low Volatility ETF		4.71%4.63%3.41%3.59%4.69%2.99%2.30%4.92%3.94%3.05%3.92%3.93%
XMU.TO
iShares MSCI Min Vol USA Index ETF		1.12%1.10%1.14%1.33%1.10%1.00%1.59%1.36%1.39%1.51%1.73%1.35%

Frequently Asked Questions

XMU.TO and IDLV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDLV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDLV is cheaper with a 0.25% expense ratio, compared with 0.33% for XMU.TO.

XMU.TO is categorized as Large Cap Blend Equities, while IDLV is Volatility Hedged Equity. XMU.TO tracks MSCI USA Minimum Volatility Index, while IDLV tracks S&P BMI International Developed Low Volatility Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.33% for XMU.TO and 0.25% for IDLV.

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