XMW.TO vs. XUS.TO
XMW.TO (iShares MSCI Min Vol Global Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XMW.TO is a Global Equities fund tracking the Morningstar Gbl 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, XMW.TO returned 7.50%/yr vs 15.98%/yr for XUS.TO. A 0.60 correlation means they provide meaningful diversification when combined. XMW.TO charges 0.48%/yr vs 0.09%/yr for XUS.TO.
Performance
XMW.TO vs. XUS.TO - 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 XUS.TO's 12.21% return. Over the past 10 years, XMW.TO has underperformed XUS.TO with an annualized return of 7.50%, while XUS.TO has yielded a comparatively higher 15.98% 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%
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
XMW.TO vs. XUS.TO - 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% |
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between XMW.TO and XUS.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.60 |
The correlation between XMW.TO and XUS.TO shifts across timeframes, from 0.44 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
XMW.TO vs. XUS.TO - Sectors Allocation Comparison
Sectors
XMW.TO
XUS.TO
Technology
Financial Services
Healthcare
Communication Services
Consumer Defensive
Utilities
Industrials
Consumer Cyclical
Energy
Basic Materials
Real Estate
Technology
XMW.TO
XUS.TO
Financial Services
XMW.TO
XUS.TO
Healthcare
XMW.TO
XUS.TO
Communication Services
XMW.TO
XUS.TO
Consumer Defensive
XMW.TO
XUS.TO
Utilities
XMW.TO
XUS.TO
Industrials
XMW.TO
XUS.TO
Consumer Cyclical
XMW.TO
XUS.TO
Energy
XMW.TO
XUS.TO
Basic Materials
XMW.TO
XUS.TO
Real Estate
XMW.TO
XUS.TO
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Return for Risk
XMW.TO vs. XUS.TO — Risk / Return Rank
XMW.TO
XUS.TO
XMW.TO vs. XUS.TO - 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 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.
| XMW.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.47 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 3.41 | -2.29 |
| Martin ratioReturn relative to average drawdown | 3.08 | 12.94 | -9.86 |
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 | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.55 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.13 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.98 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.08 | -0.14 |
Drawdowns
XMW.TO vs. XUS.TO - Drawdown Comparison
The maximum XMW.TO drawdown since its inception was -21.42%, smaller than the maximum XUS.TO drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for XMW.TO and XUS.TO.
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Drawdown Indicators
| XMW.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -27.23% | +5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -8.63% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -18.96% | +10.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.45% | -21.85% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | -27.23% | +5.81% |
Current DrawdownCurrent decline from peak | -0.58% | -0.31% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -3.46% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.27% | -0.40% |
Volatility
XMW.TO vs. XUS.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Global Index ETF (XMW.TO) is 1.87%, while iShares Core S&P 500 Index ETF (XUS.TO) has a volatility of 3.19%. This indicates that XMW.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
| XMW.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 3.19% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 8.66% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 11.58% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 14.92% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.07% | 16.48% | -5.41% |
XMW.TO vs. XUS.TO - Expense Ratio Comparison
XMW.TO has a 0.48% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.
Dividends
XMW.TO vs. XUS.TO - Dividend Comparison
XMW.TO's dividend yield for the trailing twelve months is around 1.52%, more than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
XMW.TO and XUS.TO have a correlation of 0.44, 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 0.48% for XMW.TO.
XMW.TO is categorized as Global Equities, while XUS.TO is S&P 500. XMW.TO tracks Morningstar Gbl GR CAD, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.48% for XMW.TO and 0.09% for XUS.TO.
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