XMU.TO vs. SPY
Compare and contrast key facts about iShares MSCI Min Vol USA Index ETF (XMU.TO) and SPDR S&P 500 ETF (SPY).
XMU.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMU.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Jul 24, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XMU.TO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMU.TO or SPY.
Key characteristics
| XMU.TO | SPY | |
|---|---|---|
| YTD Return | 20.33% | 18.86% |
| 1Y Return | 23.69% | 28.13% |
| 3Y Return (Ann) | 8.86% | 9.87% |
| 5Y Return (Ann) | 8.50% | 15.23% |
| 10Y Return (Ann) | 13.12% | 12.80% |
| Sharpe Ratio | 3.05 | 2.21 |
| Daily Std Dev | 7.63% | 12.60% |
| Max Drawdown | -27.31% | -55.19% |
| Current Drawdown | -0.93% | -0.61% |
Correlation
The correlation between XMU.TO and SPY is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XMU.TO vs. SPY - Performance Comparison
In the year-to-date period, XMU.TO achieves a 20.33% return, which is significantly higher than SPY's 18.86% return. Both investments have delivered pretty close results over the past 10 years, with XMU.TO having a 13.12% annualized return and SPY not far behind at 12.80%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMU.TO vs. SPY - Expense Ratio Comparison
XMU.TO has a 0.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XMU.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XMU.TO vs. SPY - Dividend Comparison
XMU.TO's dividend yield for the trailing twelve months is around 1.20%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.20% | 1.41% | 1.17% | 1.06% | 1.68% | 1.44% | 1.48% | 1.59% | 1.83% | 1.43% | 4.96% | 1.30% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XMU.TO vs. SPY - Drawdown Comparison
The maximum XMU.TO drawdown since its inception was -27.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XMU.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XMU.TO vs. SPY - Volatility Comparison
The current volatility for iShares MSCI Min Vol USA Index ETF (XMU.TO) is 2.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that XMU.TO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.