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Compare iShares Edge MSCI Min Vol Canada Index ETF (XMV) vs Global X S&P/TSX 60 Index ETF (CNDX) to find the best fit for your portfolio. XMV and CNDX provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, XMV features a management fee (MER) of 0.3%, compared to 0.13% for CNDX. Performance-wise, XMV has returned 14.19% year-to-date with -$28 M in net flows, whereas CNDX is at 17.26% with +$377 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
CNDX
| AuM | $387.79 M | $1,119.66 M |
| Management Fees | 0.30% | 0.13% |
| Exp. ratio | 0.34% | 0.10% |
| Tracking Difference | -0.41% | -0.08% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMV | +2.08% | +0.37% | +14.19% | +18.74% | +78.86% |
CNDX | +2.65% | +2.86% | +17.26% | +22.85% | - | |
| Flows | XMV | -$15 M | -$9 M | -$28 M | -$28 M | +$63 M |
CNDX | -$16 M | -$234 M | +$377 M | +$379 M | - |
XMV vs CNDX exposure
Countries
XMV
Canada
94.94%
CNDX
Canada
97.64%
Sectors
XMV
Finance
35.96%
Energy
16.24%
Non-Energy Materials
9.34%
Consumer Non-Cyclicals
8.91%
Industrials
7.70%
Other
21.86%
CNDX
Finance
46.48%
Energy
17.04%
Non-Energy Materials
14.13%
Other
22.35%
As of October 16, 2026
Top 10 Holdings
XMV
The Bank of Nova Scotia
3.15%
The Toronto-Dominion Bank
3.09%
Enbridge, Inc.
3.05%
Royal Bank of Canada
2.98%
Fortis, Inc.
2.97%
Canadian Pacific Kansas City Ltd.
2.97%
Canadian National Railway Co.
2.96%
Bank of Montreal
2.93%
Canadian Imperial Bank of Commerce
2.91%
Great-West Lifeco, Inc.
2.87%
CNDX
Royal Bank of Canada
9.54%
The Toronto-Dominion Bank
6.75%
Shopify, Inc.
6.00%
Bank of Montreal
3.99%
The Bank of Nova Scotia
3.76%
Enbridge, Inc.
3.69%
Canadian Natural Resources Ltd.
3.49%
Canadian Imperial Bank of Commerce
3.49%
Agnico Eagle Mines Ltd.
3.44%
Brookfield Corp.
2.94%
Diversification
XMV
Total weight of top 10 holdings out of 70 total
29.88%
CNDX
Total weight of top 10 holdings out of 60 total
47.08%
Characteristics
Compare
XMV
CNDX
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Minimum Volatility Total Return Index - CAD | S&P/TSX 60 Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.06% | 2.14% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | May 14, 2024 |
Frequently asked questions about XMV and CNDX
Which ETF has performed better year to date: XMV or CNDX?
As of October 16, 2026, XMV has returned 14.19% year to date, while CNDX has returned 17.26%. CNDX is ahead on YTD performance.
Which ETF is larger by assets under management: XMV or CNDX?
As of October 16, 2026, XMV manages $387.79 M in assets, while CNDX manages $1.12 B. CNDX is the larger fund by AUM.
How are XMV and CNDX managed?
XMV is passively managed by iShares. It tracks the MSCI Canada Minimum Volatility Total Return Index - CAD benchmark. CNDX is passively managed by Global X. It tracks the S&P/TSX 60 Total Return Index - CAD benchmark.
What sectors do XMV and CNDX emphasize?
XMV is most exposed to Finance, Energy, and Non-Energy Materials. CNDX is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XMV or CNDX?
Year to date, XMV has seen -$28.14 M in net flows, compared with +$377.44 M for CNDX. CNDX has attracted more net investor money so far.
How do the fees of XMV and CNDX compare?
XMV has an expense ratio of 0.34%, while CNDX has an expense ratio of 0.10%.
What are the top holdings of XMV and CNDX?
XMV's largest holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Enbridge, Inc.. CNDX's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XMV or CNDX?
XMV holds 70 securities, while CNDX holds 60. On holdings count, XMV is the more diversified portfolio.
Recent articles about XMV and CNDX
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