XMY.TO vs. CIE.NEO

Last updated Jun 4, 2026

XMY.TO (iShares MSCI Min Vol Global Index ETF (CAD-Hedged)) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares - XMY.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 5 years, XMY.TO returned 6.28%/yr vs 15.50%/yr for CIE.NEO. At a 0.32 correlation, their price movements are largely independent. XMY.TO charges 0.49%/yr vs 0.73%/yr for CIE.NEO.

Performance

XMY.TO vs. CIE.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) and iShares International Fundamental Common Class (CIE.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMY.TO achieves a 2.30% return, which is significantly lower than CIE.NEO's 17.83% return.

XMY.TO

• 1D: 0.12%
• 1M: 1.84%
• YTD: 2.30%
• 6M: 2.49%
• 1Y: 5.25%
• 3Y*: 10.11%
• 5Y*: 6.28%
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMY.TO vs. CIE.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMY.TO iShares MSCI Min Vol Global Index ETF (CAD-Hedged)	2.30%	9.22%	13.48%	7.15%	-7.59%	16.37%	-1.31%	19.42%	-2.11%	15.60%
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 XMY.TO and CIE.NEO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016	0.32

Return for Risk

XMY.TO vs. CIE.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMY.TO

XMY.TO Risk / Return Rank: 22
XMY.TO Sharpe Ratio Rank: 21
XMY.TO Sortino Ratio Rank: 20
XMY.TO Omega Ratio Rank: 20
XMY.TO Calmar Ratio Rank: 22
XMY.TO Martin Ratio Rank: 23

CIE.NEO

CIE.NEO Risk / Return Rank: 82
CIE.NEO Sharpe Ratio Rank: 86
CIE.NEO Sortino Ratio Rank: 86
CIE.NEO Omega Ratio Rank: 87
CIE.NEO Calmar Ratio Rank: 72
CIE.NEO Martin Ratio Rank: 77

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.

XMY.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 (CAD-Hedged) (XMY.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.

	XMY.TO	CIE.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.85	-2.12
Sortino ratio: Return per unit of downside risk	1.05	3.90	-2.85
Omega ratio: Gain probability vs. loss probability	1.13	1.54	-0.41
Calmar ratio: Return relative to maximum drawdown	1.02	3.57	-2.55
Martin ratio: Return relative to average drawdown	2.95	14.78	-11.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMY.TO vs. CIE.NEO - Sharpe Ratio Comparison

The current XMY.TO Sharpe Ratio is 0.72, which is lower than the CIE.NEO Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of XMY.TO and CIE.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XMY.TO	CIE.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.85	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	1.13	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.44	+0.19

Drawdowns

XMY.TO vs. CIE.NEO - Drawdown Comparison

The maximum XMY.TO drawdown since its inception was -29.00%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for XMY.TO and CIE.NEO.

Drawdown Indicators

	XMY.TO	CIE.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-29.00%	-40.08%	+11.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-11.10%	+5.75%
Max Drawdown (3Y) Largest decline over 3 years	-8.10%	-15.44%	+7.34%
Max Drawdown (5Y) Largest decline over 5 years	-13.89%	-20.55%	+6.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.08%	—
Current Drawdown Current decline from peak	-2.20%	-0.39%	-1.81%
Average Drawdown Average peak-to-trough decline	-3.30%	-7.13%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.68%	-0.83%

Volatility

XMY.TO vs. CIE.NEO - Volatility Comparison

The current volatility for iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) is 1.98%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.85%. This indicates that XMY.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.

Volatility by Period

	XMY.TO	CIE.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	4.85%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	11.56%	-5.64%
Volatility (1Y) Calculated over the trailing 1-year period	7.58%	13.95%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	13.85%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.48%	18.19%	-6.71%

XMY.TO vs. CIE.NEO - Expense Ratio Comparison

XMY.TO has a 0.49% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.

Dividends

XMY.TO vs. CIE.NEO - Dividend Comparison

XMY.TO's dividend yield for the trailing twelve months is around 1.86%, 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%
XMY.TO iShares MSCI Min Vol Global Index ETF (CAD-Hedged)	1.86%	1.90%	1.91%	1.90%	1.71%	1.40%	1.37%	2.16%	1.45%	1.58%	2.07%	0.00%

Frequently Asked Questions

Can I hold both XMY.TO and CIE.NEO in my portfolio?

XMY.TO and CIE.NEO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMY.TO or CIE.NEO?

On fees, XMY.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMY.TO or CIE.NEO?

XMY.TO is cheaper with a 0.49% expense ratio, compared with 0.73% for CIE.NEO.

What is the main difference between XMY.TO and CIE.NEO?

XMY.TO tracks Morningstar Gbl GR CAD, while CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index. Their fees differ too: 0.49% for XMY.TO and 0.73% for CIE.NEO.