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XMY.TO vs. XML.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XMY.TO vs. XML.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) and iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO).

XMY.TO and XML.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMY.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Apr 5, 2016. XML.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility (USD) 100% Hedged to CAD Index. It was launched on Apr 5, 2016. Both XMY.TO and XML.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XMY.TO vs. XML.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 iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO). The values are adjusted to include any dividend payments, if applicable.

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XMY.TO vs. XML.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		-0.70%9.22%13.48%7.15%-7.59%16.37%-1.31%19.42%-2.11%15.60%
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		6.47%17.56%14.13%11.69%-6.94%13.27%-5.87%16.26%-3.28%15.15%

Returns By Period

In the year-to-date period, XMY.TO achieves a -0.70% return, which is significantly lower than XML.TO's 6.47% return.

XMY.TO

1D
-0.09%
1M
-4.73%
YTD
-0.70%
6M
0.21%
1Y
3.37%
3Y*
9.25%
5Y*
6.30%
10Y*
—

XML.TO

1D
1.40%
1M
-1.88%
YTD
6.47%
6M
11.95%
1Y
17.19%
3Y*
14.82%
5Y*
10.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares MSCI Min Vol Global Index ETF (CAD-Hedged)

iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)

Often compared with XMY.TO:
XMY.TO vs. XMU.TOXMY.TO vs. XMV.TOXMY.TO vs. FCIN.NEOXMY.TO vs. XEQT.TOXMY.TO vs. XMW.TOXMY.TO vs. VMO.TOXMY.TO vs. CAGE.TO
Often compared with XML.TO:
XML.TO vs. XIN.TOXML.TO vs. HXQ.TOXML.TO vs. XEQT.TOXML.TO vs. XMW.TOXML.TO vs. XSP.TOXML.TO vs. XMI.TOXML.TO vs. XMU.TO

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

XMY.TO has a 0.49% expense ratio, which is higher than XML.TO's 0.40% expense ratio.

XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)

Return for Risk

XMY.TO vs. XML.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: 2020
Overall Rank
XMY.TO Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
XMY.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
XMY.TO Omega Ratio Rank: 2020
Omega Ratio Rank
XMY.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
XMY.TO Martin Ratio Rank: 2222
Martin Ratio Rank
XML.TO
XML.TO Risk / Return Rank: 8282
Overall Rank
XML.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
XML.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XML.TO Omega Ratio Rank: 8888
Omega Ratio Rank
XML.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XML.TO Martin Ratio Rank: 8585
Martin Ratio Rank
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. XML.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 iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.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.TOXML.TODifference

Sharpe ratio

Return per unit of total volatility

0.31

1.56

-1.25

Sortino ratio

Return per unit of downside risk

0.48

1.97

-1.49

Omega ratio

Gain probability vs. loss probability

1.08

1.37

-0.29

Calmar ratio

Return relative to maximum drawdown

0.34

2.37

-2.04

Martin ratio

Return relative to average drawdown

1.55

10.16

-8.62

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. XML.TO - Sharpe Ratio Comparison

The current XMY.TO Sharpe Ratio is 0.31, which is lower than the XML.TO Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of XMY.TO and XML.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XMY.TOXML.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.31

1.56

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

1.07

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.65

-0.04

Correlation

The correlation between XMY.TO and XML.TO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XMY.TO vs. XML.TO - Dividend Comparison

XMY.TO's dividend yield for the trailing twelve months is around 1.91%, less than XML.TO's 2.59% yield.

TTM2025202420232022202120202019201820172016
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		1.91%1.90%1.91%1.90%1.71%1.40%1.37%2.16%1.45%1.58%2.07%
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		2.59%2.76%2.67%2.56%2.02%1.92%1.11%3.62%2.77%1.92%3.34%

Drawdowns

XMY.TO vs. XML.TO - Drawdown Comparison

The maximum XMY.TO drawdown since its inception was -29.00%, roughly equal to the maximum XML.TO drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for XMY.TO and XML.TO.

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Drawdown Indicators

XMY.TOXML.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.00%

-28.62%

-0.38%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-6.92%

-1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-13.89%

-12.34%

-1.55%

Current Drawdown

Current decline from peak

-5.06%

-1.88%

-3.18%

Average Drawdown

Average peak-to-trough decline

-3.30%

-3.43%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.62%

+0.13%

Volatility

XMY.TO vs. XML.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) is 3.09%, while iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) has a volatility of 4.20%. This indicates that XMY.TO experiences smaller price fluctuations and is considered to be less risky than XML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMY.TOXML.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.09%

4.20%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

5.64%

6.58%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

11.11%

-0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.73%

9.67%

+0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.53%

12.13%

-0.60%