XSTH.TO vs. XMV.TO
XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) and XMV.TO (iShares MSCI Min Vol Canada Index ETF) are both exchange-traded funds - XSTH.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while XMV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 3 years, XSTH.TO returned 3.85%/yr vs 15.52%/yr for XMV.TO. At a 0.17 correlation, their price movements are largely independent. XSTH.TO charges 0.16%/yr vs 0.33%/yr for XMV.TO.
Performance
XSTH.TO vs. XMV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTH.TO achieves a 1.24% return, which is significantly lower than XMV.TO's 7.72% return.
XSTH.TO
- 1D
- -0.03%
- 1M
- -0.13%
- YTD
- 1.24%
- 6M
- 1.11%
- 1Y
- 2.77%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
XMV.TO
- 1D
- -0.32%
- 1M
- 2.37%
- YTD
- 7.72%
- 6M
- 5.68%
- 1Y
- 15.15%
- 3Y*
- 15.52%
- 5Y*
- 11.01%
- 10Y*
- 9.45%
XSTH.TO vs. XMV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 1.24% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
XMV.TO iShares MSCI Min Vol Canada Index ETF | 7.72% | 17.87% | 15.63% | 10.94% | -1.64% | 4.39% |
Correlation
The correlation between XSTH.TO and XMV.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.17 |
The correlation between XSTH.TO and XMV.TO shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSTH.TO vs. XMV.TO — Risk / Return Rank
XSTH.TO
XMV.TO
XSTH.TO vs. XMV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.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.
| XSTH.TO | XMV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.59 | -0.72 |
| Martin ratioReturn relative to average drawdown | 7.42 | 9.14 | -1.71 |
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
| XSTH.TO | XMV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.64 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.86 | -0.22 |
Drawdowns
XSTH.TO vs. XMV.TO - Drawdown Comparison
The maximum XSTH.TO drawdown since its inception was -5.98%, smaller than the maximum XMV.TO drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for XSTH.TO and XMV.TO.
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Drawdown Indicators
| XSTH.TO | XMV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -35.58% | +29.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -5.88% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -9.77% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.58% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.26% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -3.14% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.66% | -1.29% |
Volatility
XSTH.TO vs. XMV.TO - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) is 0.43%, while iShares MSCI Min Vol Canada Index ETF (XMV.TO) has a volatility of 2.26%. This indicates that XSTH.TO experiences smaller price fluctuations and is considered to be less risky than XMV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTH.TO | XMV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.26% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 7.68% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 9.28% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 10.40% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 12.93% | -9.29% |
XSTH.TO vs. XMV.TO - Expense Ratio Comparison
XSTH.TO has a 0.16% expense ratio, which is lower than XMV.TO's 0.33% expense ratio.
Dividends
XSTH.TO vs. XMV.TO - Dividend Comparison
XSTH.TO's dividend yield for the trailing twelve months is around 3.55%, more than XMV.TO's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMV.TO iShares MSCI Min Vol Canada Index ETF | 2.12% | 2.21% | 2.33% | 2.62% | 2.41% | 2.04% | 2.73% | 2.44% | 2.93% | 2.49% | 2.11% | 2.47% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.55% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSTH.TO and XMV.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTH.TO is cheaper with a 0.16% expense ratio, compared with 0.33% for XMV.TO.
XSTH.TO is categorized as Inflation-Protected Bonds, while XMV.TO is Canada Equities. XSTH.TO tracks Morningstar Gbl Core Bd GR CAD, while XMV.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.16% for XSTH.TO and 0.33% for XMV.TO.
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