XMV.TO vs. VCE.TO
Compare and contrast key facts about iShares MSCI Min Vol Canada Index ETF (XMV.TO) and Vanguard FTSE Canada Index ETF (VCE.TO).
XMV.TO and VCE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VCE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada Domestic Index. It was launched on Nov 30, 2011. Both XMV.TO and VCE.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMV.TO or VCE.TO.
Key characteristics
| XMV.TO | VCE.TO | |
|---|---|---|
| YTD Return | 21.00% | 23.44% |
| 1Y Return | 25.31% | 30.07% |
| 3Y Return (Ann) | 8.94% | 9.35% |
| 5Y Return (Ann) | 9.63% | 12.12% |
| 10Y Return (Ann) | 8.72% | 9.16% |
| Sharpe Ratio | 3.20 | 3.06 |
| Sortino Ratio | 4.67 | 4.23 |
| Omega Ratio | 1.63 | 1.57 |
| Calmar Ratio | 6.47 | 6.23 |
| Martin Ratio | 23.07 | 22.69 |
| Ulcer Index | 1.09% | 1.33% |
| Daily Std Dev | 7.82% | 9.89% |
| Max Drawdown | -35.58% | -35.92% |
| Current Drawdown | -0.47% | 0.00% |
Correlation
The correlation between XMV.TO and VCE.TO is 0.87, 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
XMV.TO vs. VCE.TO - Performance Comparison
In the year-to-date period, XMV.TO achieves a 21.00% return, which is significantly lower than VCE.TO's 23.44% return. Over the past 10 years, XMV.TO has underperformed VCE.TO with an annualized return of 8.72%, while VCE.TO has yielded a comparatively higher 9.16% annualized return. 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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XMV.TO vs. VCE.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is higher than VCE.TO's 0.06% expense ratio.
Risk-Adjusted Performance
XMV.TO vs. VCE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Canada Index ETF (XMV.TO) and Vanguard FTSE Canada Index ETF (VCE.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.
Dividends
XMV.TO vs. VCE.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.30%, less than VCE.TO's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMV.TO iShares MSCI Min Vol Canada Index ETF | 2.30% | 2.83% | 2.59% | 2.20% | 2.94% | 2.63% | 3.16% | 2.69% | 2.27% | 2.66% | 5.86% | 2.23% |
VCE.TO Vanguard FTSE Canada Index ETF | 2.75% | 3.23% | 3.29% | 2.67% | 3.00% | 3.08% | 3.28% | 2.63% | 2.70% | 3.05% | 2.55% | 2.83% |
Drawdowns
XMV.TO vs. VCE.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, roughly equal to the maximum VCE.TO drawdown of -35.92%. Use the drawdown chart below to compare losses from any high point for XMV.TO and VCE.TO. For additional features, visit the drawdowns tool.
Volatility
XMV.TO vs. VCE.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 2.62%, while Vanguard FTSE Canada Index ETF (VCE.TO) has a volatility of 2.96%. This indicates that XMV.TO experiences smaller price fluctuations and is considered to be less risky than VCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.