PortfoliosLab logoPortfoliosLab logo

Documentation

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

XMV.TO vs. XDGH.TO

Last updated Jun 5, 2026

XMV.TO (iShares MSCI Min Vol Canada Index ETF) and XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - XMV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XDGH.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, XMV.TO returned 11.25%/yr vs 8.24%/yr for XDGH.TO. A 0.52 correlation means they provide meaningful diversification when combined. XMV.TO charges 0.33%/yr vs 0.22%/yr for XDGH.TO.

Performance

XMV.TO vs. XDGH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol Canada Index ETF (XMV.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XMV.TO achieves a 8.91% return, which is significantly higher than XDGH.TO's 7.78% return.

XMV.TO

1D
1.11%
1M
2.85%
YTD
8.91%
6M
5.85%
1Y
16.70%
3Y*
16.05%
5Y*
11.25%
10Y*
9.57%

XDGH.TO

1D
0.58%
1M
1.83%
YTD
7.78%
6M
9.10%
1Y
18.19%
3Y*
13.27%
5Y*
8.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XMV.TO
iShares MSCI Min Vol Canada Index ETF		8.91%17.87%15.63%10.94%-1.64%21.41%-1.75%23.41%-7.65%2.73%
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		7.78%14.60%10.46%8.74%-1.32%15.60%-4.34%22.32%-4.99%2.63%

Correlation

The correlation between XMV.TO and XDGH.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.54

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

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2017

0.52

The correlation between XMV.TO and XDGH.TO has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

XMV.TO vs. XDGH.TO - Sectors Allocation Comparison

Sectors
XMV.TO
XDGH.TO

Financial Services

34.6%
13.2%

Energy

14.6%
10.3%

Industrials

12.1%
12.6%

Basic Materials

9.3%
2.4%

Consumer Defensive

8.8%
14.8%

Utilities

7.4%
5.6%

Consumer Cyclical

5.0%
9.4%

Communication Services

4.1%
3.3%

Technology

3.6%
9.6%

Real Estate

0.5%
0.2%

Healthcare

-

16.9%

Financial Services

XMV.TO
34.6%
XDGH.TO
13.2%

Energy

XMV.TO
14.6%
XDGH.TO
10.3%

Industrials

XMV.TO
12.1%
XDGH.TO
12.6%

Basic Materials

XMV.TO
9.3%
XDGH.TO
2.4%

Consumer Defensive

XMV.TO
8.8%
XDGH.TO
14.8%

Utilities

XMV.TO
7.4%
XDGH.TO
5.6%

Consumer Cyclical

XMV.TO
5.0%
XDGH.TO
9.4%

Communication Services

XMV.TO
4.1%
XDGH.TO
3.3%

Technology

XMV.TO
3.6%
XDGH.TO
9.6%

Real Estate

XMV.TO
0.5%
XDGH.TO
0.2%

Healthcare

XMV.TO

-

XDGH.TO
16.9%

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 Canada Index ETF

iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)

Often compared with XMV.TO:
XMV.TO vs. XIC.TOXMV.TO vs. VEQT.TOXMV.TO vs. XMU.TOXMV.TO vs. XMW.TOXMV.TO vs. XMI.TOXMV.TO vs. XEQT.TOXMV.TO vs. VCE.TO
Often compared with XDGH.TO:
XDGH.TO vs. XDG.TOXDGH.TO vs. XHD.TOXDGH.TO vs. XEQT.TOXDGH.TO vs. XDUH.TOXDGH.TO vs. VFV.TOXDGH.TO vs. VIDY.TOXDGH.TO vs. ACWV

Return for Risk

XMV.TO vs. XDGH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMV.TO
XMV.TO Risk / Return Rank: 5656
Overall Rank
XMV.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XMV.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
XMV.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XMV.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XMV.TO Martin Ratio Rank: 5858
Martin Ratio Rank
XDGH.TO
XDGH.TO Risk / Return Rank: 5656
Overall Rank
XDGH.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
XDGH.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XDGH.TO Omega Ratio Rank: 5555
Omega Ratio Rank
XDGH.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XDGH.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.

XMV.TO vs. XDGH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Canada Index ETF (XMV.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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.

XMV.TOXDGH.TODifference
Sharpe ratioReturn per unit of total volatility
1.80
1.89

-0.09

Sortino ratioReturn per unit of downside risk
2.46
2.85

-0.39

Omega ratioGain probability vs. loss probability

1.35

1.34

+0.01

Calmar ratioReturn relative to maximum drawdown

2.85

2.86

-0.01

Martin ratioReturn relative to average drawdown

10.08

8.50

+1.58

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

XMV.TO vs. XDGH.TO - Sharpe Ratio Comparison

The current XMV.TO Sharpe Ratio is 1.80, which is comparable to the XDGH.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XMV.TO and XDGH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

XMV.TOXDGH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.80

1.89

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

0.68

+0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

0.54

+0.32

Drawdowns

XMV.TO vs. XDGH.TO - Drawdown Comparison

The maximum XMV.TO drawdown since its inception was -35.58%, which is greater than XDGH.TO's maximum drawdown of -32.99%. Use the drawdown chart below to compare losses from any high point for XMV.TO and XDGH.TO.

Loading charts...

Drawdown Indicators

XMV.TOXDGH.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.58%

-32.99%

-2.59%

Max Drawdown (1Y)

Largest decline over 1 year

-5.88%

-6.38%

+0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-9.77%

-11.96%

+2.19%

Max Drawdown (5Y)

Largest decline over 5 years

-15.57%

-14.56%

-1.01%

Max Drawdown (10Y)

Largest decline over 10 years

-35.58%

—

—

Current Drawdown

Current decline from peak

-0.17%

-1.68%

+1.51%

Average Drawdown

Average peak-to-trough decline

-3.13%

-3.63%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

2.15%

-0.49%

Volatility

XMV.TO vs. XDGH.TO - Volatility Comparison

iShares MSCI Min Vol Canada Index ETF (XMV.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) have volatilities of 2.41% and 2.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMV.TOXDGH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.41%

2.51%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

7.73%

6.86%

+0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

9.34%

9.69%

-0.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.41%

12.13%

-1.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.94%

14.60%

-1.66%

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

XMV.TO has a 0.33% expense ratio, which is higher than XDGH.TO's 0.22% expense ratio.

Dividends

XMV.TO vs. XDGH.TO - Dividend Comparison

XMV.TO's dividend yield for the trailing twelve months is around 2.09%, less than XDGH.TO's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		2.79%2.81%3.04%3.41%3.18%3.05%3.24%2.82%3.29%0.81%0.00%0.00%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		2.09%2.21%2.33%2.62%2.41%2.04%2.73%2.44%2.93%2.49%2.11%2.47%

Frequently Asked Questions

XMV.TO and XDGH.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDGH.TO is cheaper with a 0.22% expense ratio, compared with 0.33% for XMV.TO.

XMV.TO is categorized as Canada Equities, while XDGH.TO is Global Equities. XMV.TO tracks Morningstar Canada GR CAD, while XDGH.TO tracks Morningstar Gbl GR CAD. Their fees differ too: 0.33% for XMV.TO and 0.22% for XDGH.TO.

Portfolio Optimizer

Find the right allocation for XMV.TO and XDGH.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer