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XMV.TO vs. XMI.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XMV.TO vs. XMI.TO

Last updated Apr 1, 2026

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

XMV.TO and XMI.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. XMI.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Jul 24, 2012. Both XMV.TO and XMI.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

XMV.TO vs. XMI.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 MSCI Min Vol EAFE Index ETF (XMI.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
XMV.TO
iShares MSCI Min Vol Canada Index ETF		3.30%17.87%15.63%10.94%-1.64%21.41%-1.75%23.41%-7.65%6.85%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		7.31%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%1.70%13.74%

Returns By Period

In the year-to-date period, XMV.TO achieves a 3.30% return, which is significantly lower than XMI.TO's 7.31% return. Over the past 10 years, XMV.TO has outperformed XMI.TO with an annualized return of 9.36%, while XMI.TO has yielded a comparatively lower 6.53% annualized return.

XMV.TO

1D
0.50%
1M
-2.42%
YTD
3.30%
6M
4.26%
1Y
16.50%
3Y*
14.13%
5Y*
11.45%
10Y*
9.36%

XMI.TO

1D
1.29%
1M
-1.77%
YTD
7.31%
6M
9.28%
1Y
16.40%
3Y*
14.53%
5Y*
9.07%
10Y*
6.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares MSCI Min Vol Canada Index ETF

iShares MSCI Min Vol EAFE Index ETF

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Often compared with XMI.TO:
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XMV.TO vs. XMI.TO - Expense Ratio Comparison

XMV.TO has a 0.33% expense ratio, which is lower than XMI.TO's 0.40% expense ratio.

XMI.TO
iShares MSCI Min Vol EAFE Index ETF
XMV.TO
iShares MSCI Min Vol Canada Index ETF

Return for Risk

XMV.TO vs. XMI.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: 8181
Overall Rank
XMV.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
XMV.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XMV.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XMV.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
XMV.TO Martin Ratio Rank: 8383
Martin Ratio Rank
XMI.TO
XMI.TO Risk / Return Rank: 7878
Overall Rank
XMI.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 8181
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. XMI.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 MSCI Min Vol EAFE Index ETF (XMI.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.TOXMI.TODifference

Sharpe ratio

Return per unit of total volatility

1.47

1.42

+0.05

Sortino ratio

Return per unit of downside risk

1.99

1.92

+0.07

Omega ratio

Gain probability vs. loss probability

1.31

1.28

+0.03

Calmar ratio

Return relative to maximum drawdown

2.09

2.28

-0.19

Martin ratio

Return relative to average drawdown

9.08

8.83

+0.25

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

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

The current XMV.TO Sharpe Ratio is 1.47, which is comparable to the XMI.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XMV.TO and XMI.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.

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Sharpe Ratios by Period

XMV.TOXMI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.47

1.42

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.93

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.57

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.81

+0.03

Correlation

The correlation between XMV.TO and XMI.TO is 0.44, 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

XMV.TO vs. XMI.TO - Dividend Comparison

XMV.TO's dividend yield for the trailing twelve months is around 2.21%, less than XMI.TO's 2.51% yield.

TTM20252024202320222021202020192018201720162015
XMV.TO
iShares MSCI Min Vol Canada Index ETF		2.21%2.21%2.33%2.62%2.41%2.04%2.73%2.44%2.93%2.49%2.11%2.47%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.51%2.69%2.64%2.56%1.99%1.93%1.16%3.74%2.92%2.07%3.29%2.02%

Drawdowns

XMV.TO vs. XMI.TO - Drawdown Comparison

The maximum XMV.TO drawdown since its inception was -35.58%, which is greater than XMI.TO's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for XMV.TO and XMI.TO.

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Drawdown Indicators

XMV.TOXMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.58%

-23.08%

-12.50%

Max Drawdown (1Y)

Largest decline over 1 year

-8.37%

-6.78%

-1.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.57%

-21.18%

+5.61%

Max Drawdown (10Y)

Largest decline over 10 years

-35.58%

-23.08%

-12.50%

Current Drawdown

Current decline from peak

-2.99%

-1.77%

-1.22%

Average Drawdown

Average peak-to-trough decline

-3.16%

-4.06%

+0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.86%

+0.07%

Volatility

XMV.TO vs. XMI.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 3.81%, while iShares MSCI Min Vol EAFE Index ETF (XMI.TO) has a volatility of 5.20%. This indicates that XMV.TO experiences smaller price fluctuations and is considered to be less risky than XMI.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.TOXMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

5.20%

-1.39%

Volatility (6M)

Calculated over the trailing 6-month period

8.11%

7.77%

+0.34%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

11.58%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.39%

9.83%

+0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.93%

11.46%

+1.47%