Question 1

What is XMV?

Accepted Answer

XMV (iShares MSCI Canada Minimum Volatility) is a Canadian-listed ETF trading on the TSX in the Canadian Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the XMV ETF price today?

Accepted Answer

XMV last traded at $61.50 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the XMV MER (management expense ratio)?

Accepted Answer

XMV has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, XMV is considered a low-cost ETF.

Question 4

What are XMV annualised returns?

Accepted Answer

XMV historical returns: YTD: +12.00%, 1-year: +23.99%, 3-year annualised: +20.45%, 5-year annualised: +14.35%, 10-year annualised: +11.18%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.72, which measures risk-adjusted return.

Question 5

Does XMV pay dividends or distributions?

Accepted Answer

Yes, XMV distributes income to unitholders. The current distribution yield is approximately 2.09%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does XMV invest in?

Accepted Answer

XMV's top holdings include Bank of Montreal (BMO, 3.4%), Royal Bank of Canada (RY, 3.4%), Toronto Dominion Bank (TD, 3.4%), Bank of Nova Scotia (BNS, 3.4%), Great-West Lifeco Inc. (GWO, 3.2%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does XMV invest in?

Accepted Answer

XMV's largest sector exposures are Financial Services (36.0%), Energy (14.1%), Industrials (12.1%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is XMV? (Assets under management)

Accepted Answer

XMV has approximately $398M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was XMV launched?

Accepted Answer

XMV was launched on July 24, 2012, giving it a 14-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy XMV in Canada?

Accepted Answer

XMV trades on the TSX under the ticker XMV. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is XMV?

Accepted Answer

XMV has a 1-year volatility of 8.77% and a beta of 0.68 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.72 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-31	$61.55	$61.63	$61.50	$61.50	$61.50	6,638
2026-07-30	$61.46	$61.65	$61.30	$61.65	$61.65	4,459
2026-07-29	$62.16	$62.16	$61.65	$61.65	$61.65	8,730
2026-07-28	$61.91	$62.30	$61.91	$62.30	$62.30	1,365
2026-07-27	$61.55	$61.68	$61.45	$61.67	$61.67	9,562
2026-07-24	$61.27	$61.45	$61.27	$61.44	$61.44	7,549
2026-07-23	$60.96	$60.96	$60.88	$60.88	$60.88	1,731
2026-07-22	$61.23	$61.36	$61.18	$61.28	$61.28	5,603
2026-07-21	$60.85	$61.08	$60.85	$61.07	$61.07	1,056
2026-07-20	$61.65	$61.65	$61.14	$61.14	$61.14	2,684

#	Ticker	Name	Weight
1	BMO	Bank of Montreal	3.44%
2	RY	Royal Bank of Canada	3.38%
3	TD	Toronto Dominion Bank	3.38%
4	BNS	Bank of Nova Scotia	3.37%
5	GWO	Great-West Lifeco Inc.	3.23%
6	CNR	Canadian National Railway Co	3.15%
7	CM	Canadian Imperial Bank Of Commerce	3.07%
8	FTS	Fortis Inc	3.05%
9	NA	National Bank of Canada	2.95%
10	CP	Canadian Pacific Railway Ltd	2.90%

Sector	Weight
Financial Services	35.98%
Energy	14.07%
Industrials	12.07%
Consumer Defensive	9.03%
Utilities	7.36%
Basic Materials	7.28%
Consumer Cyclicals	5.25%
Communication Services	4.65%
Technology	3.94%
Real Estate	0.39%
Healthcare	0.00%

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iShares MSCI Canada Minimum Volatility (XMV : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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