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iShares MSCI EAFE Minimum Volatility Index ETF (XMI) and Manulife Smart International Dividend ETF (IDIV.B) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XMI focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Industrials, while IDIV.B leans towards Finance, Industrials, and Healthcare. When evaluating costs, XMI features a management fee (MER) of 0.35%, compared to 0.35% for IDIV.B. Performance-wise, XMI has returned 14.91% year-to-date with -$14 M in net flows, whereas IDIV.B is at 15.35% with +$2 B. 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
XMI
IDIV.B
| AuM | $185.72 M | $2,430.11 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.38% | 0.40% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMI | +2.25% | +5.05% | +14.91% | +14.41% | +66.01% |
IDIV.B | -2.00% | -0.65% | +15.35% | +19.16% | +98.16% | |
| Flows | XMI | +$0 M | +$0 M | -$14 M | -$14 M | -$11 M |
IDIV.B | +$129 M | +$437 M | +$1,631 M | +$1,782 M | +$2,030 M |
XMI vs IDIV.B exposure
Countries
XMI
Japan
27.94%
Switzerland
10.38%
United Kingdom
9.46%
Other
52.22%
IDIV.B
Japan
19.36%
United Kingdom
12.29%
France
12.09%
Italy
8.32%
Other
47.94%
Sectors
XMI
Finance
23.67%
Consumer Non-Cyclicals
13.43%
Industrials
10.56%
Healthcare
10.51%
Energy
8.98%
Telecommunications
8.58%
Other
24.27%
IDIV.B
Finance
35.48%
Industrials
11.04%
Healthcare
8.74%
Consumer Non-Cyclicals
8.39%
Technology
7.82%
Other
28.53%
As of October 20, 2026
Top 10 Holdings
XMI
DBS Group Holdings Ltd.
1.51%
Iberdrola SA
1.48%
Equinor ASA
1.47%
Takeda Pharmaceutical Co., Ltd.
1.46%
Shell Plc
1.44%
SECOM Co., Ltd.
1.43%
Eni SpA
1.40%
TotalEnergies SE
1.36%
Novartis AG
1.35%
Oversea-Chinese Banking Corp. Ltd.
1.34%
IDIV.B
ASML Holding NV
2.58%
EDP SA
2.00%
Banco Bilbao Vizcaya Argentaria SA
1.98%
Intesa Sanpaolo SpA
1.97%
Banco BPM SpA
1.95%
Volvo AB
1.92%
Klépierre SA
1.90%
AIB Group plc
1.90%
Assicurazioni Generali SpA
1.89%
TotalEnergies SE
1.89%
Diversification
XMI
Total weight of top 10 holdings out of 266 total
14.24%
IDIV.B
Total weight of top 10 holdings out of 95 total
19.96%
Characteristics
Compare
XMI
IDIV.B
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI EAFE Minimum Volatility Net Total Return Index - USD | - |
| Replication Method | Other | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.49% | 2.13% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | November 9, 2022 |
Frequently asked questions about XMI and IDIV.B
Which ETF has performed better year to date: XMI or IDIV.B?
As of October 20, 2026, XMI has returned 14.91% year to date, while IDIV.B has returned 15.35%. IDIV.B is ahead on YTD performance.
Which ETF is larger by assets under management: XMI or IDIV.B?
As of October 20, 2026, XMI manages $185.72 M in assets, while IDIV.B manages $2.43 B. IDIV.B is the larger fund by AUM.
How are XMI and IDIV.B managed?
XMI is passively managed by iShares. It tracks the MSCI EAFE Minimum Volatility Net Total Return Index - USD benchmark. IDIV.B is actively managed by Manulife Investments. It does not track an index.
What sectors do XMI and IDIV.B emphasize?
XMI is most exposed to Finance, Consumer Non-Cyclicals, and Industrials. IDIV.B is most exposed to Finance, Industrials, and Healthcare.
Which ETF is attracting more investor flows: XMI or IDIV.B?
Year to date, XMI has seen -$13.73 M in net flows, compared with +$1,630.91 M for IDIV.B. IDIV.B has attracted more net investor money so far.
How do the fees of XMI and IDIV.B compare?
XMI has an expense ratio of 0.38%, while IDIV.B has an expense ratio of 0.40%.
What are the top holdings of XMI and IDIV.B?
XMI's largest holdings include DBS Group Holdings Ltd., Iberdrola SA, and Equinor ASA. IDIV.B's top holdings include ASML Holding NV, EDP SA, and Banco Bilbao Vizcaya Argentaria SA.
Which ETF is more diversified: XMI or IDIV.B?
XMI holds 263 securities, while IDIV.B holds 95. On holdings count, XMI is the more diversified portfolio.
Recent articles about XMI and IDIV.B
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