XMW.TO vs. CIE.NEO
XMW.TO (iShares MSCI Min Vol Global Index ETF) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares - XMW.TO tracks the Morningstar Gbl GR CAD while CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index. Both are passively managed. Over the past 10 years, XMW.TO returned 7.50%/yr vs 11.89%/yr for CIE.NEO. At a 0.50 correlation, their price movements are largely independent. XMW.TO charges 0.48%/yr vs 0.73%/yr for CIE.NEO.
Performance
XMW.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XMW.TO achieves a 3.60% return, which is significantly lower than CIE.NEO's 17.83% return. Over the past 10 years, XMW.TO has underperformed CIE.NEO with an annualized return of 7.50%, while CIE.NEO has yielded a comparatively higher 11.89% annualized return.
XMW.TO
- 1D
- 0.07%
- 1M
- 3.38%
- YTD
- 3.60%
- 6M
- 2.07%
- 1Y
- 5.74%
- 3Y*
- 10.78%
- 5Y*
- 7.90%
- 10Y*
- 7.50%
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
XMW.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMW.TO iShares MSCI Min Vol Global Index ETF | 3.60% | 5.84% | 20.05% | 4.68% | -4.33% | 12.80% | 0.51% | 14.74% | 5.95% | 10.19% |
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 11.29% | -8.19% | 16.74% |
Correlation
The correlation between XMW.TO and CIE.NEO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.50 |
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Return for Risk
XMW.TO vs. CIE.NEO — Risk / Return Rank
XMW.TO
CIE.NEO
XMW.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Global Index ETF (XMW.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| XMW.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.54 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 3.57 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.08 | 14.78 | -11.70 |
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
| XMW.TO | CIE.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.85 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.13 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.66 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.44 | +0.50 |
Drawdowns
XMW.TO vs. CIE.NEO - Drawdown Comparison
The maximum XMW.TO drawdown since its inception was -21.42%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for XMW.TO and CIE.NEO.
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Drawdown Indicators
| XMW.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -40.08% | +18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -11.10% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -15.44% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.45% | -20.55% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | -40.08% | +18.66% |
Current DrawdownCurrent decline from peak | -0.58% | -0.39% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -7.13% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.68% | -0.81% |
Volatility
XMW.TO vs. CIE.NEO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Global Index ETF (XMW.TO) is 1.87%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.85%. This indicates that XMW.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMW.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 4.85% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 11.56% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 13.95% | -6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 13.85% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.07% | 18.19% | -7.12% |
XMW.TO vs. CIE.NEO - Expense Ratio Comparison
XMW.TO has a 0.48% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.
Dividends
XMW.TO vs. CIE.NEO - Dividend Comparison
XMW.TO's dividend yield for the trailing twelve months is around 1.52%, less than CIE.NEO's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 1.52% | 1.58% | 1.81% | 1.98% | 1.66% | 1.43% | 1.52% | 2.20% | 2.01% | 1.61% | 2.02% | 1.85% |
Frequently Asked Questions
XMW.TO and CIE.NEO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMW.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMW.TO is cheaper with a 0.48% expense ratio, compared with 0.73% for CIE.NEO.
XMW.TO tracks Morningstar Gbl GR CAD, while CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index. Their fees differ too: 0.48% for XMW.TO and 0.73% for CIE.NEO.
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