XMV.TO vs. XUS.TO
XMV.TO (iShares MSCI Min Vol Canada Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XMV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XMV.TO returned 9.57%/yr vs 16.09%/yr for XUS.TO. At a 0.45 correlation, their price movements are largely independent. XMV.TO charges 0.33%/yr vs 0.09%/yr for XUS.TO.
Performance
XMV.TO vs. XUS.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 XUS.TO's 12.75% return. Over the past 10 years, XMV.TO has underperformed XUS.TO with an annualized return of 9.57%, while XUS.TO has yielded a comparatively higher 16.09% 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%
XUS.TO
- 1D
- 0.48%
- 1M
- 6.80%
- YTD
- 12.75%
- 6M
- 10.73%
- 1Y
- 30.32%
- 3Y*
- 23.75%
- 5Y*
- 16.89%
- 10Y*
- 16.09%
XMV.TO vs. XUS.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% |
XUS.TO iShares Core S&P 500 Index ETF | 12.75% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between XMV.TO and XUS.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.45 |
The correlation between XMV.TO and XUS.TO has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
XMV.TO vs. XUS.TO - Sectors Allocation Comparison
Sectors
XMV.TO
XUS.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
XUS.TO
Energy
XMV.TO
XUS.TO
Industrials
XMV.TO
XUS.TO
Basic Materials
XMV.TO
XUS.TO
Consumer Defensive
XMV.TO
XUS.TO
Utilities
XMV.TO
XUS.TO
Consumer Cyclical
XMV.TO
XUS.TO
Communication Services
XMV.TO
XUS.TO
Technology
XMV.TO
XUS.TO
Real Estate
XMV.TO
XUS.TO
Healthcare
XMV.TO
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XUS.TO
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Return for Risk
XMV.TO vs. XUS.TO — Risk / Return Rank
XMV.TO
XUS.TO
XMV.TO vs. XUS.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 S&P 500 Index ETF (XUS.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 | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.53 | -0.68 |
| Martin ratioReturn relative to average drawdown | 10.08 | 13.40 | -3.31 |
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 | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.63 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.14 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.98 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.08 | -0.22 |
Drawdowns
XMV.TO vs. XUS.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for XMV.TO and XUS.TO.
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Drawdown Indicators
| XMV.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -27.23% | -8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -8.63% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -18.96% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -21.85% | +6.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -27.23% | -8.35% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -3.46% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.27% | -0.61% |
Volatility
XMV.TO vs. XUS.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 2.41%, while iShares Core S&P 500 Index ETF (XUS.TO) has a volatility of 3.15%. This indicates that XMV.TO experiences smaller price fluctuations and is considered to be less risky than XUS.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 | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.15% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 8.67% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 11.57% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 14.92% | -4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 16.48% | -3.54% |
XMV.TO vs. XUS.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.
Dividends
XMV.TO vs. XUS.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.09%, more than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
XMV.TO and XUS.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.33% for XMV.TO.
XMV.TO is categorized as Canada Equities, while XUS.TO is S&P 500. XMV.TO tracks Morningstar Canada GR CAD, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.33% for XMV.TO and 0.09% for XUS.TO.
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