XMY.TO vs. VVO.TO

Last updated Jun 4, 2026

XMY.TO (iShares MSCI Min Vol Global Index ETF (CAD-Hedged)) and VVO.TO (Vanguard Global Minimum Volatility ETF) are both Global Equities funds - XMY.TO tracks the Morningstar Gbl GR CAD while VVO.TO tracks the FTSE Global All Cap Index. Both are passively managed. Over the past 5 years, XMY.TO returned 6.28%/yr vs 6.49%/yr for VVO.TO. At a 0.49 correlation, their price movements are largely independent. XMY.TO charges 0.49%/yr vs 0.39%/yr for VVO.TO.

Performance

XMY.TO vs. VVO.TO - 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 Vanguard Global Minimum Volatility ETF (VVO.TO). 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 VVO.TO's 5.59% 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*: —

VVO.TO

• 1D: -0.55%
• 1M: 0.78%
• YTD: 5.59%
• 6M: 6.32%
• 1Y: 9.34%
• 3Y*: 11.58%
• 5Y*: 6.49%
• 10Y*: —

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

XMY.TO vs. VVO.TO - 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%
VVO.TO Vanguard Global Minimum Volatility ETF	5.59%	9.74%	13.56%	4.87%	-5.18%	10.43%	-2.48%	19.40%	-2.10%	14.32%

Correlation

The correlation between XMY.TO and VVO.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 24, 2016	0.49

The correlation between XMY.TO and VVO.TO shifts across timeframes, from 0.29 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

XMY.TO vs. VVO.TO - Sectors Allocation Comparison

Sectors	XMY.TO	VVO.TO
Technology	22.4%	19.8%
Financial Services	13.8%	12.4%
Healthcare	13.1%	13.0%
Communication Services	11.7%	11.5%
Consumer Defensive	10.2%	9.6%
Utilities	7.8%	7.4%
Industrials	7.7%	10.5%
Consumer Cyclical	5.2%	6.6%
Energy	3.0%	5.3%
Basic Materials	1.6%	0.5%
Real Estate	0.8%	3.5%

Return for Risk

XMY.TO vs. VVO.TO — 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

VVO.TO

VVO.TO Risk / Return Rank: 33
VVO.TO Sharpe Ratio Rank: 34
VVO.TO Sortino Ratio Rank: 33
VVO.TO Omega Ratio Rank: 34
VVO.TO Calmar Ratio Rank: 30
VVO.TO Martin Ratio Rank: 35

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. VVO.TO - 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 Vanguard Global Minimum Volatility ETF (VVO.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.

	XMY.TO	VVO.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.23	-0.50
Sortino ratio: Return per unit of downside risk	1.05	1.76	-0.71
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	1.02	1.45	-0.43
Martin ratio: Return relative to average drawdown	2.95	5.37	-2.42
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. VVO.TO - Sharpe Ratio Comparison

The current XMY.TO Sharpe Ratio is 0.72, which is lower than the VVO.TO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XMY.TO and VVO.TO, 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	VVO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.23	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.66	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.59	+0.04

Drawdowns

XMY.TO vs. VVO.TO - Drawdown Comparison

The maximum XMY.TO drawdown since its inception was -29.00%, smaller than the maximum VVO.TO drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for XMY.TO and VVO.TO.

Drawdown Indicators

	XMY.TO	VVO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.00%	-33.20%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-6.47%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-8.10%	-6.98%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.89%	-14.37%	+0.48%
Current Drawdown Current decline from peak	-2.20%	-1.77%	-0.43%
Average Drawdown Average peak-to-trough decline	-3.30%	-3.45%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.74%	+0.11%

Volatility

XMY.TO vs. VVO.TO - Volatility Comparison

iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) and Vanguard Global Minimum Volatility ETF (VVO.TO) have volatilities of 1.98% and 2.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMY.TO	VVO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	2.08%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	5.84%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	7.58%	7.65%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	9.82%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.48%	12.09%	-0.61%

XMY.TO vs. VVO.TO - Expense Ratio Comparison

XMY.TO has a 0.49% expense ratio, which is higher than VVO.TO's 0.39% expense ratio.

Dividends

XMY.TO vs. VVO.TO - Dividend Comparison

XMY.TO's dividend yield for the trailing twelve months is around 1.86%, less than VVO.TO's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VVO.TO Vanguard Global Minimum Volatility ETF	2.02%	2.13%	2.05%	2.68%	1.55%	2.30%	2.23%	2.22%	1.87%	2.07%	0.71%
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%

Frequently Asked Questions

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

XMY.TO and VVO.TO have a correlation of 0.29, 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 VVO.TO?

On fees, VVO.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMY.TO or VVO.TO?

VVO.TO is cheaper with a 0.39% expense ratio, compared with 0.49% for XMY.TO.

What is the main difference between XMY.TO and VVO.TO?

XMY.TO tracks Morningstar Gbl GR CAD, while VVO.TO tracks FTSE Global All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.49% for XMY.TO and 0.39% for VVO.TO.