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XVLU.TO vs. XMTM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XVLU.TO vs. XMTM.TO

Last updated Jun 4, 2026

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and XMTM.TO (iShares MSCI USA Momentum Factor Index ETF) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while XMTM.TO is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, XVLU.TO returned 19.03%/yr vs 17.92%/yr for XMTM.TO. At a 0.37 correlation, their price movements are largely independent. XVLU.TO charges 0.32%/yr vs 0.31%/yr for XMTM.TO.

Performance

XVLU.TO vs. XMTM.TO - 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 MSCI USA Momentum Factor Index ETF (XMTM.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XVLU.TO achieves a 50.62% return, which is significantly higher than XMTM.TO's 33.39% return.

XVLU.TO

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

XMTM.TO

1D
4.00%
1M
19.00%
YTD
33.39%
6M
29.32%
1Y
40.58%
3Y*
35.55%
5Y*
17.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XVLU.TO vs. XMTM.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XVLU.TO
iShares MSCI USA Value Factor Index ETF		50.62%26.17%15.37%11.09%-8.87%28.64%-3.66%6.32%
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		33.39%14.02%43.59%6.48%-14.53%15.01%25.77%3.42%

Correlation

The correlation between XVLU.TO and XMTM.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2019

0.37

Over the past year, XVLU.TO and XMTM.TO have become more correlated (0.60) than their long-term average of 0.37, meaning their price movements have been converging.

XVLU.TO vs. XMTM.TO - Sectors Allocation Comparison

Sectors
XVLU.TO
XMTM.TO

Technology

44.5%
44.7%

Financial Services

10.4%
10.5%

Healthcare

8.5%
7.0%

Consumer Cyclical

8.4%
3.7%

Communication Services

8.3%
7.0%

Industrials

7.3%
15.3%

Consumer Defensive

4.0%
3.3%

Energy

3.2%
3.6%

Utilities

1.9%
1.6%

Real Estate

1.8%
1.8%

Basic Materials

1.6%
1.7%

Technology

XVLU.TO
44.5%
XMTM.TO
44.7%

Financial Services

XVLU.TO
10.4%
XMTM.TO
10.5%

Healthcare

XVLU.TO
8.5%
XMTM.TO
7.0%

Consumer Cyclical

XVLU.TO
8.4%
XMTM.TO
3.7%

Communication Services

XVLU.TO
8.3%
XMTM.TO
7.0%

Industrials

XVLU.TO
7.3%
XMTM.TO
15.3%

Consumer Defensive

XVLU.TO
4.0%
XMTM.TO
3.3%

Energy

XVLU.TO
3.2%
XMTM.TO
3.6%

Utilities

XVLU.TO
1.9%
XMTM.TO
1.6%

Real Estate

XVLU.TO
1.8%
XMTM.TO
1.8%

Basic Materials

XVLU.TO
1.6%
XMTM.TO
1.7%

Compare stocks, funds, or ETFs

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iShares MSCI USA Value Factor Index ETF

iShares MSCI USA Momentum Factor Index ETF

Often compared with XVLU.TO:
XVLU.TO vs. VLUEXVLU.TO vs. VFV.TOXVLU.TO vs. XQLT.TOXVLU.TO vs. XSMC.TOXVLU.TO vs. FCUV.TOXVLU.TO vs. XDU.TOXVLU.TO vs. XDG.TO
Often compared with XMTM.TO:
XMTM.TO vs. SPMOXMTM.TO vs. VMO.TOXMTM.TO vs. VFV.TOXMTM.TO vs. XCHP.TOXMTM.TO vs. FEQT.NEOXMTM.TO vs. QQC.TOXMTM.TO vs. VOO

Return for Risk

XVLU.TO vs. XMTM.TO — 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: 9898
Overall Rank
XVLU.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XVLU.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XVLU.TO Omega Ratio Rank: 9797
Omega Ratio Rank
XVLU.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XVLU.TO Martin Ratio Rank: 9898
Martin Ratio Rank
XMTM.TO
XMTM.TO Risk / Return Rank: 6565
Overall Rank
XMTM.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XMTM.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
XMTM.TO Omega Ratio Rank: 6464
Omega Ratio Rank
XMTM.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XMTM.TO Martin Ratio Rank: 5858
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.

XVLU.TO vs. XMTM.TO - 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 MSCI USA Momentum Factor Index ETF (XMTM.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.

XVLU.TOXMTM.TODifference
Sharpe ratioReturn per unit of total volatility
5.59
2.20

+3.39

Sortino ratioReturn per unit of downside risk
7.16
3.07

+4.08

Omega ratioGain probability vs. loss probability

1.96

1.39

+0.57

Calmar ratioReturn relative to maximum drawdown

13.34

3.57

+9.77

Martin ratioReturn relative to average drawdown

55.16

10.21

+44.95

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. XMTM.TO - Sharpe Ratio Comparison

The current XVLU.TO Sharpe Ratio is 5.59, which is higher than the XMTM.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of XVLU.TO and XMTM.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.

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Sharpe Ratios by Period

XVLU.TOXMTM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.59

2.20

+3.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.20

0.96

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.88

+0.05

Drawdowns

XVLU.TO vs. XMTM.TO - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, which is greater than XMTM.TO's maximum drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and XMTM.TO.

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Drawdown Indicators

XVLU.TOXMTM.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-29.01%

-5.39%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-11.42%

+4.20%

Max Drawdown (3Y)

Largest decline over 3 years

-17.13%

-20.64%

+3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-20.16%

-29.01%

+8.85%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.49%

-7.96%

+1.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

3.99%

-2.25%

Volatility

XVLU.TO vs. XMTM.TO - Volatility Comparison

iShares MSCI USA Value Factor Index ETF (XVLU.TO) and iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) have volatilities of 7.55% and 7.86%, 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.

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Volatility by Period

XVLU.TOXMTM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.55%

7.86%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

14.06%

16.02%

-1.96%

Volatility (1Y)

Calculated over the trailing 1-year period

17.24%

18.57%

-1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

18.79%

-2.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

20.07%

-1.25%

XVLU.TO vs. XMTM.TO - Expense Ratio Comparison

XVLU.TO has a 0.32% expense ratio, which is higher than XMTM.TO's 0.31% expense ratio.

Dividends

XVLU.TO vs. XMTM.TO - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, more than XMTM.TO's 0.46% yield.

PositionTTM2025202420232022202120202019
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		0.46%0.70%0.62%0.84%1.66%0.33%0.64%1.24%
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%

Frequently Asked Questions

XVLU.TO and XMTM.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMTM.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMTM.TO is cheaper with a 0.31% expense ratio, compared with 0.32% for XVLU.TO.

XVLU.TO is categorized as Large Cap Value Equities, while XMTM.TO is Momentum. XVLU.TO tracks MSCI USA Enhanced Value Index, while XMTM.TO tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.32% for XVLU.TO and 0.31% for XMTM.TO.

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