XMV.TO vs. XIU.TO
XMV.TO (iShares MSCI Min Vol Canada Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both Canada Equities funds from iShares - XMV.TO tracks the Morningstar Canada GR CAD while XIU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XMV.TO returned 9.57%/yr vs 12.74%/yr for XIU.TO. A 0.75 correlation means they provide meaningful diversification when combined. XMV.TO charges 0.33%/yr vs 0.18%/yr for XIU.TO.
Performance
XMV.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XMV.TO achieves a 8.91% return, which is significantly lower than XIU.TO's 11.56% return. Over the past 10 years, XMV.TO has underperformed XIU.TO with an annualized return of 9.57%, while XIU.TO has yielded a comparatively higher 12.74% annualized 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%
XIU.TO
- 1D
- 1.29%
- 1M
- 5.10%
- YTD
- 11.56%
- 6M
- 12.35%
- 1Y
- 33.92%
- 3Y*
- 23.20%
- 5Y*
- 14.66%
- 10Y*
- 12.74%
XMV.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 6.85% |
XIU.TO iShares S&P/TSX 60 Index ETF | 11.56% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XMV.TO and XIU.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2012 | 0.75 |
The correlation between XMV.TO and XIU.TO has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
XMV.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
XMV.TO
XIU.TO
Financial Services
Energy
Industrials
Basic Materials
Consumer Defensive
Utilities
Consumer Cyclical
Communication Services
Technology
Real Estate
Healthcare
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Financial Services
XMV.TO
XIU.TO
Energy
XMV.TO
XIU.TO
Industrials
XMV.TO
XIU.TO
Basic Materials
XMV.TO
XIU.TO
Consumer Defensive
XMV.TO
XIU.TO
Utilities
XMV.TO
XIU.TO
Consumer Cyclical
XMV.TO
XIU.TO
Communication Services
XMV.TO
XIU.TO
Technology
XMV.TO
XIU.TO
Real Estate
XMV.TO
XIU.TO
Healthcare
XMV.TO
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XIU.TO
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Return for Risk
XMV.TO vs. XIU.TO — Risk / Return Rank
XMV.TO
XIU.TO
XMV.TO vs. XIU.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 S&P/TSX 60 Index ETF (XIU.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.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.52 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.45 | -1.60 |
| Martin ratioReturn relative to average drawdown | 10.08 | 20.69 | -10.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMV.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.89 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.15 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.85 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.51 | +0.36 |
Drawdowns
XMV.TO vs. XIU.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XMV.TO and XIU.TO.
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Drawdown Indicators
| XMV.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -52.31% | +16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -7.65% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -12.36% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -16.36% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -35.46% | -0.12% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -11.62% | +8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.64% | +0.02% |
Volatility
XMV.TO vs. XIU.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 2.41%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.43%. This indicates that XMV.TO experiences smaller price fluctuations and is considered to be less risky than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMV.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.43% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 9.39% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 11.79% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 12.79% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 15.01% | -2.07% |
XMV.TO vs. XIU.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.
Dividends
XMV.TO vs. XIU.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.09%, less than XIU.TO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.17% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
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 XIU.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.33% for XMV.TO.
XMV.TO tracks Morningstar Canada GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.33% for XMV.TO and 0.18% for XIU.TO.
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