PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XMU.TO vs. XMV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XMU.TO vs. XMV.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Min Vol USA Index ETF (XMU.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.TO).

XMU.TO and XMV.TO 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. XMV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Jul 24, 2012. Both XMU.TO and XMV.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

XMU.TO vs. XMV.TO - 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 iShares MSCI Min Vol Canada Index ETF (XMV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

XMU.TO vs. XMV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMU.TO
iShares MSCI Min Vol USA Index ETF		-0.16%-0.84%21.99%6.59%-3.64%16.99%2.99%20.78%9.07%10.80%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		3.63%17.87%15.63%10.94%-1.64%21.41%-1.75%23.41%-7.65%6.85%

Returns By Period

In the year-to-date period, XMU.TO achieves a -0.16% return, which is significantly lower than XMV.TO's 3.63% return. Over the past 10 years, XMU.TO has underperformed XMV.TO with an annualized return of 8.80%, while XMV.TO has yielded a comparatively higher 9.39% annualized return.

XMU.TO

1D
-0.21%
1M
-3.44%
YTD
-0.16%
6M
-5.37%
1Y
-5.96%
3Y*
8.43%
5Y*
7.40%
10Y*
8.80%

XMV.TO

1D
0.32%
1M
-2.68%
YTD
3.63%
6M
4.14%
1Y
16.36%
3Y*
14.25%
5Y*
11.52%
10Y*
9.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

iShares MSCI Min Vol Canada Index ETF

Often compared with XMU.TO:
XMU.TO vs. ZLU.TOXMU.TO vs. XMS.TOXMU.TO vs. VFV.TOXMU.TO vs. XIT.TOXMU.TO vs. SMMVXMU.TO vs. XST.TOXMU.TO vs. IDLV
Often compared with XMV.TO:
XMV.TO vs. XIC.TOXMV.TO vs. VEQT.TOXMV.TO vs. XMW.TOXMV.TO vs. XMI.TOXMV.TO vs. XEQT.TOXMV.TO vs. VCE.TOXMV.TO vs. ZSP.TO

XMU.TO vs. XMV.TO - Expense Ratio Comparison

Both XMU.TO and XMV.TO have an expense ratio of 0.33%.

XMU.TO
iShares MSCI Min Vol USA Index ETF
XMV.TO
iShares MSCI Min Vol Canada Index ETF

Return for Risk

XMU.TO vs. XMV.TO — 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: 33
Overall Rank
XMU.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
XMU.TO Sortino Ratio Rank: 44
Sortino Ratio Rank
XMU.TO Omega Ratio Rank: 33
Omega Ratio Rank
XMU.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
XMU.TO Martin Ratio Rank: 11
Martin Ratio Rank
XMV.TO
XMV.TO Risk / Return Rank: 7676
Overall Rank
XMV.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XMV.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XMV.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XMV.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XMV.TO Martin Ratio Rank: 7777
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. XMV.TO - 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 iShares MSCI Min Vol Canada Index ETF (XMV.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.

XMU.TOXMV.TODifference

Sharpe ratio

Return per unit of total volatility

-0.48

1.46

-1.94

Sortino ratio

Return per unit of downside risk

-0.56

1.97

-2.53

Omega ratio

Gain probability vs. loss probability

0.92

1.31

-0.38

Calmar ratio

Return relative to maximum drawdown

-0.70

2.02

-2.72

Martin ratio

Return relative to average drawdown

-1.54

8.71

-10.25

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. XMV.TO - Sharpe Ratio Comparison

The current XMU.TO Sharpe Ratio is -0.48, which is lower than the XMV.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of XMU.TO and XMV.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.

Loading graphics...

Sharpe Ratios by Period

XMU.TOXMV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.48

1.46

-1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

1.12

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.73

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.97

0.84

+0.12

Correlation

The correlation between XMU.TO and XMV.TO is 0.42, 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

XMU.TO vs. XMV.TO - Dividend Comparison

XMU.TO's dividend yield for the trailing twelve months is around 1.17%, less than XMV.TO's 2.20% yield.

TTM20252024202320222021202020192018201720162015
XMU.TO
iShares MSCI Min Vol USA Index ETF		1.17%1.10%1.14%1.33%1.10%1.00%1.59%1.36%1.39%1.51%1.73%1.35%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		2.20%2.21%2.33%2.62%2.41%2.04%2.73%2.44%2.93%2.49%2.11%2.47%

Drawdowns

XMU.TO vs. XMV.TO - Drawdown Comparison

The maximum XMU.TO drawdown since its inception was -27.31%, smaller than the maximum XMV.TO drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for XMU.TO and XMV.TO.

Loading graphics...

Drawdown Indicators

XMU.TOXMV.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.31%

-35.58%

+8.27%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-8.37%

-0.93%

Max Drawdown (5Y)

Largest decline over 5 years

-18.16%

-15.57%

-2.59%

Max Drawdown (10Y)

Largest decline over 10 years

-27.31%

-35.58%

+8.27%

Current Drawdown

Current decline from peak

-7.66%

-2.68%

-4.98%

Average Drawdown

Average peak-to-trough decline

-3.40%

-3.16%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.25%

1.94%

+2.31%

Volatility

XMU.TO vs. XMV.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol USA Index ETF (XMU.TO) is 3.08%, while iShares MSCI Min Vol Canada Index ETF (XMV.TO) has a volatility of 3.67%. This indicates that XMU.TO experiences smaller price fluctuations and is considered to be less risky than XMV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

XMU.TOXMV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.08%

3.67%

-0.59%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

8.12%

-0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.50%

11.29%

+1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.23%

10.38%

+0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.00%

12.93%

+1.07%