XVLU.TO vs. VLUE

Last updated Jun 4, 2026

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both Large Cap Value Equities funds from iShares - XVLU.TO tracks the MSCI USA Enhanced Value Index while VLUE tracks the MSCI USA Value Weighted Index. Both are passively managed. Over the past 5 years, XVLU.TO returned 19.03%/yr vs 19.68%/yr for VLUE. A 0.67 correlation means they provide meaningful diversification when combined. XVLU.TO charges 0.32%/yr vs 0.15%/yr for VLUE.

Performance

XVLU.TO vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Value Factor Index ETF (XVLU.TO) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XVLU.TO is traded in CAD, while VLUE is traded in USD. To make them comparable, the VLUE values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XVLU.TO having a 50.62% return and VLUE slightly higher at 50.90%.

XVLU.TO

• 1D: 0.06%
• 1M: 23.30%
• YTD: 50.62%
• 6M: 51.55%
• 1Y: 95.75%
• 3Y*: 35.04%
• 5Y*: 19.03%
• 10Y*: —

VLUE

• 1D: -0.01%
• 1M: 23.18%
• YTD: 50.90%
• 6M: 50.81%
• 1Y: 93.92%
• 3Y*: 35.82%
• 5Y*: 19.68%
• 10Y*: 16.26%

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

XVLU.TO vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XVLU.TO iShares MSCI USA Value Factor Index ETF	50.62%	26.17%	15.37%	11.09%	-8.87%	28.64%	-3.66%	7.29%
VLUE iShares Edge MSCI USA Value Factor ETF	50.90%	26.58%	16.46%	11.75%	-8.05%	27.77%	-1.92%	6.82%

Correlation

The correlation between XVLU.TO and VLUE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019	0.67

Over the past year, XVLU.TO and VLUE have become more correlated (0.89) than their long-term average of 0.67, meaning their price movements have been converging.

XVLU.TO vs. VLUE - Sectors Allocation Comparison

Sectors	XVLU.TO	VLUE
Technology	44.5%	44.5%
Financial Services	10.4%	10.4%
Healthcare	8.5%	8.5%
Consumer Cyclical	8.4%	8.3%
Communication Services	8.3%	8.3%
Industrials	7.3%	7.4%
Consumer Defensive	4.0%	4.0%
Energy	3.2%	3.2%
Utilities	1.9%	2.0%
Real Estate	1.8%	1.8%
Basic Materials	1.6%	1.6%

Return for Risk

XVLU.TO vs. VLUE — Risk / Return Rank

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

XVLU.TO

XVLU.TO Risk / Return Rank: 98
XVLU.TO Sharpe Ratio Rank: 98
XVLU.TO Sortino Ratio Rank: 98
XVLU.TO Omega Ratio Rank: 97
XVLU.TO Calmar Ratio Rank: 98
XVLU.TO Martin Ratio Rank: 98

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 98
VLUE Omega Ratio Rank: 97
VLUE Calmar Ratio Rank: 96
VLUE Martin Ratio Rank: 97

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.

XVLU.TO vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.TO) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

	XVLU.TO	VLUE	Difference
Sharpe ratio Return per unit of total volatility	5.59	5.54	+0.05
Sortino ratio Return per unit of downside risk	7.16	7.14	+0.02
Omega ratio Gain probability vs. loss probability	1.96	1.96	0.00
Calmar ratio Return relative to maximum drawdown	13.34	13.18	+0.16
Martin ratio Return relative to average drawdown	55.16	54.47	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XVLU.TO vs. VLUE - Sharpe Ratio Comparison

The current XVLU.TO Sharpe Ratio is 5.59, which is comparable to the VLUE Sharpe Ratio of 5.54. The chart below compares the historical Sharpe Ratios of XVLU.TO and VLUE, 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

	XVLU.TO	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.59	5.54	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.20	1.26	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.99	-0.06

Drawdowns

XVLU.TO vs. VLUE - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, roughly equal to the maximum VLUE drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and VLUE.

Drawdown Indicators

	XVLU.TO	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-33.79%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-7.16%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-16.95%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-20.16%	-19.72%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
Average Drawdown Average peak-to-trough decline	-6.49%	-4.81%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.73%	+0.01%

Volatility

XVLU.TO vs. VLUE - Volatility Comparison

iShares MSCI USA Value Factor Index ETF (XVLU.TO) and iShares Edge MSCI USA Value Factor ETF (VLUE) have volatilities of 7.55% and 7.83%, 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

	XVLU.TO	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	7.83%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	13.95%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	17.08%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	15.73%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	17.89%	+0.93%

XVLU.TO vs. VLUE - Expense Ratio Comparison

XVLU.TO has a 0.32% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

XVLU.TO vs. VLUE - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, less than VLUE's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VLUE iShares Edge MSCI USA Value Factor ETF	1.40%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%
XVLU.TO iShares MSCI USA Value Factor Index ETF	1.12%	1.75%	2.17%	2.26%	2.51%	2.03%	2.72%	0.68%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XVLU.TO and VLUE in my portfolio?

XVLU.TO and VLUE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XVLU.TO or VLUE?

On fees, VLUE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XVLU.TO or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 0.32% for XVLU.TO.

What is the main difference between XVLU.TO and VLUE?

XVLU.TO tracks MSCI USA Enhanced Value Index, while VLUE tracks MSCI USA Value Weighted Index. Their fees differ too: 0.32% for XVLU.TO and 0.15% for VLUE.