XMV.TO vs. XMW.TO
Compare and contrast key facts about iShares MSCI Min Vol Canada Index ETF (XMV.TO) and iShares MSCI Min Vol Global Index ETF (XMW.TO).
XMV.TO and XMW.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. XMW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jul 24, 2012. Both XMV.TO and XMW.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 XMW.TO.
Key characteristics
| XMV.TO | XMW.TO | |
|---|---|---|
| YTD Return | 21.00% | 20.12% |
| 1Y Return | 25.31% | 21.27% |
| 3Y Return (Ann) | 8.94% | 7.43% |
| 5Y Return (Ann) | 9.63% | 6.39% |
| 10Y Return (Ann) | 8.72% | 9.09% |
| Sharpe Ratio | 3.20 | 3.16 |
| Sortino Ratio | 4.67 | 4.37 |
| Omega Ratio | 1.63 | 1.63 |
| Calmar Ratio | 6.47 | 6.69 |
| Martin Ratio | 23.07 | 23.20 |
| Ulcer Index | 1.09% | 0.90% |
| Daily Std Dev | 7.82% | 6.64% |
| Max Drawdown | -35.58% | -21.42% |
| Current Drawdown | -0.47% | -0.78% |
Correlation
The correlation between XMV.TO and XMW.TO is 0.65, 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.
Performance
XMV.TO vs. XMW.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with XMV.TO having a 21.00% return and XMW.TO slightly lower at 20.12%. Both investments have delivered pretty close results over the past 10 years, with XMV.TO having a 8.72% annualized return and XMW.TO not far ahead at 9.09%. 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. XMW.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is lower than XMW.TO's 0.48% expense ratio.
Risk-Adjusted Performance
XMV.TO vs. XMW.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 iShares MSCI Min Vol Global Index ETF (XMW.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. XMW.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.30%, more than XMW.TO's 1.70% 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% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 1.70% | 1.98% | 1.66% | 1.43% | 1.52% | 2.20% | 2.01% | 1.61% | 2.02% | 1.85% | 1.76% | 2.14% |
Drawdowns
XMV.TO vs. XMW.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, which is greater than XMW.TO's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for XMV.TO and XMW.TO. For additional features, visit the drawdowns tool.
Volatility
XMV.TO vs. XMW.TO - Volatility Comparison
iShares MSCI Min Vol Canada Index ETF (XMV.TO) has a higher volatility of 2.62% compared to iShares MSCI Min Vol Global Index ETF (XMW.TO) at 2.19%. This indicates that XMV.TO's price experiences larger fluctuations and is considered to be riskier than XMW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.