VS
Compare iShares Edge MSCI Min Vol Canada Index ETF (XMV) vs HAMILTON CHAMPIONS Canadian Dividend Index ETF (CMVP) to find the best fit for your portfolio. XMV provides Finance, Energy, and Consumer Non-Cyclicals exposures, while CMVP is primarily weighted in Finance, Non-Energy Materials, and Consumer Cyclicals. When evaluating costs, XMV features a management fee (MER) of 0.3%, compared to 0.19% for CMVP. Performance-wise, XMV has returned 12.69% year-to-date with -$16 M in net flows, whereas CMVP is at 19.97% with +$262 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
XMV
CMVP
| AuM | $397.12 M | $588.70 M |
| Management Fees | 0.30% | 0.19% |
| Exp. ratio | 0.34% | 0.19% |
| Tracking Difference | -0.44% | -0.62% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMV | -1.16% | +4.08% | +12.69% | +20.23% | +74.52% |
CMVP | +1.46% | +7.24% | +19.97% | +29.03% | - | |
| Flows | XMV | +$3 M | -$33 M | -$16 M | -$0 M | +$82 M |
CMVP | +$48 M | +$131 M | +$262 M | +$439 M | - |
XMV vs CMVP exposure
Countries
XMV
Canada
95.00%
CMVP
Canada
92.00%
USA
7.72%
Sectors
XMV
Finance
37.09%
Energy
14.44%
Consumer Non-Cyclicals
9.63%
Industrials
8.22%
Non-Energy Materials
7.54%
Utilities
7.31%
Other
15.78%
CMVP
Finance
40.80%
Non-Energy Materials
12.33%
Consumer Cyclicals
8.50%
Industrials
8.47%
Consumer Non-Cyclicals
7.78%
Energy
7.76%
Other
14.35%
As of September 2, 2026
Top 10 Holdings
XMV
Bank of Montreal
3.34%
Royal Bank of Canada
3.30%
The Bank of Nova Scotia
3.28%
Canadian National Railway Co.
3.23%
The Toronto-Dominion Bank
3.20%
Great-West Lifeco, Inc.
3.19%
Canadian Imperial Bank of Commerce
3.03%
Fortis, Inc.
2.94%
National Bank of Canada
2.91%
Canadian Pacific Kansas City Ltd.
2.83%
CMVP
Sun Life Financial, Inc.
4.93%
Bank of Montreal
4.83%
Royal Bank of Canada
4.62%
Manulife Financial Corp.
4.60%
The Bank of Nova Scotia
4.57%
The Toronto-Dominion Bank
4.54%
Canadian Imperial Bank of Commerce
4.40%
National Bank of Canada
4.39%
Canadian National Railway Co.
4.36%
Alimentation Couche-Tard, Inc.
4.30%
Diversification
XMV
Total weight of top 10 holdings out of 72 total
31.24%
CMVP
Total weight of top 10 holdings out of 25 total
45.54%
Characteristics
Compare
XMV
CMVP
| Provider | iShares | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Minimum Volatility Total Return Index - CAD | Solactive Canada Dividend Elite Champions Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.05% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | January 27, 2025 |
Frequently asked questions about XMV and CMVP
Which ETF has performed better year to date: XMV or CMVP?
As of September 2, 2026, XMV has returned 12.69% year to date, while CMVP has returned 19.97%. CMVP is ahead on YTD performance.
Which ETF is larger by assets under management: XMV or CMVP?
As of September 2, 2026, XMV manages $397.12 M in assets, while CMVP manages $588.70 M. CMVP is the larger fund by AUM.
How are XMV and CMVP managed?
XMV is passively managed by iShares. It tracks the MSCI Canada Minimum Volatility Total Return Index - CAD benchmark. CMVP is passively managed by Hamilton ETFs. It tracks the Solactive Canada Dividend Elite Champions Index - CAD benchmark.
What sectors do XMV and CMVP emphasize?
XMV is most exposed to Finance, Energy, and Consumer Non-Cyclicals. CMVP is most exposed to Finance, Non-Energy Materials, and Consumer Cyclicals.
Which ETF is attracting more investor flows: XMV or CMVP?
Year to date, XMV has seen -$16.08 M in net flows, compared with +$262.36 M for CMVP. CMVP has attracted more net investor money so far.
How do the fees of XMV and CMVP compare?
XMV has an expense ratio of 0.34%, while CMVP has an expense ratio of 0.19%.
What are the top holdings of XMV and CMVP?
XMV's largest holdings include Bank of Montreal, Royal Bank of Canada, and The Bank of Nova Scotia. CMVP's top holdings include Sun Life Financial, Inc., Bank of Montreal, and Royal Bank of Canada.
Which ETF is more diversified: XMV or CMVP?
XMV holds 72 securities, while CMVP holds 25. On holdings count, XMV is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.