VS
Vanguard Global Minimum Volatility ETF (VVO) and iShares Edge MSCI Min Vol Canada Index ETF (XMV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VVO focuses its top 3 sector exposures on Information Technology, Health Care, and Communication Services, while XMV leans towards Financials, Energy, and Materials. When evaluating costs, VVO features a management fee (MER) of 0.35%, compared to 0.3% for XMV. Performance-wise, VVO has returned 4.66% year-to-date with +$2 M in net flows, whereas XMV is at 5.76% with +$11 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
VVO
XMV
| AuM | $41.11 M | $400.66 M |
| Management Fees | 0.35% | 0.30% |
| Exp. ratio | 0.39% | 0.34% |
| Tracking Difference | - | -0.45% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VVO | +3.32% | +2.20% | +4.66% | +12.09% | +34.50% |
XMV | +4.15% | +3.86% | +5.76% | +23.39% | +59.05% | |
| Flows | VVO | +$2 M | +$2 M | +$2 M | -$10 M | -$0 M |
XMV | +$3 M | +$8 M | +$11 M | +$44 M | +$98 M |
VVO vs XMV exposure
Countries
VVO
USA
58.36%
Other
8.34%
Other
33.30%
XMV
Canada
99.72%
Sectors
VVO
Information Technology
18.94%
Other
15.85%
Health Care
10.12%
Communication Services
9.09%
Consumer Staples
8.99%
Financials
8.94%
Other
28.09%
XMV
Financials
30.96%
Energy
14.63%
Materials
10.97%
Other
8.89%
Utilities
7.77%
Consumer Staples
7.35%
Other
19.42%
As of April 24, 2026
Top 10 Holdings
VVO
US8740391003
1.43%
RAYTHEON TECHNOLOGIES CORPORD
1.41%
MICROSOFT-T
1.41%
CISCO-T
1.41%
JOHNSON&JOHNSON
1.40%
PEARSON
1.40%
MCKESSON
1.40%
US9108734057
1.40%
TJX
1.40%
LOCKHEED MARTIN
1.39%
XMV
SUNCOR ENERGY
3.27%
ENBRIDGE
3.21%
NATIONAL BANK OF CANADA
3.11%
CDN IMPERIAL BK
2.99%
FORTIS
2.98%
TORONTO DOMINION
2.98%
GREAT WEST LIFECO
2.93%
BANK OF MONTREAL
2.92%
ROYAL BK CANADA
2.91%
CDN NATL RAILWAY
2.83%
Diversification
VVO
Total weight of top 10 holdings out of 162 total
14.05%
XMV
Total weight of top 10 holdings out of 71 total
30.12%
Characteristics
Compare
VVO
XMV
| Provider | Vanguard | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada Minimum Volatility Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.04% | 2.16% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2016 | July 24, 2012 |
Frequently asked questions about VVO and XMV
Which ETF has performed better year to date: VVO or XMV?
As of April 24, 2026, VVO has returned 4.66% year to date, while XMV has returned 5.76%. XMV is ahead on YTD performance.
Which ETF is larger by assets under management: VVO or XMV?
As of April 24, 2026, VVO manages $41.11 M in assets, while XMV manages $400.66 M. XMV is the larger fund by AUM.
How are VVO and XMV managed?
VVO is actively managed by Vanguard. It does not track an index. XMV is passively managed by iShares. It tracks the MSCI Canada Minimum Volatility Total Return Index - CAD benchmark.
What sectors do VVO and XMV emphasize?
VVO is most exposed to Information Technology, Health Care, and Communication Services. XMV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: VVO or XMV?
Year to date, VVO has seen +$2.06 M in net flows, compared with +$11.14 M for XMV. XMV has attracted more net investor money so far.
How do the fees of VVO and XMV compare?
VVO has an expense ratio of 0.39%, while XMV has an expense ratio of 0.34%.
What are the top holdings of VVO and XMV?
VVO's largest holdings include RAYTHEON TECHNOLOGIES CORPORD and MICROSOFT-T. XMV's top holdings include SUNCOR ENERGY and ENBRIDGE.
Which ETF is more diversified: VVO or XMV?
VVO holds 149 securities, while XMV holds 64. On holdings count, VVO is the more diversified portfolio.
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