Question 1

What is XMV?

Accepted Answer

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

Question 2

What is the XMV ETF price today?

Accepted Answer

XMV last traded at $62.04 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: +12.98%, 1-year: +17.84%, 3-year annualised: +22.30%, 5-year annualised: +13.60%, 10-year annualised: +11.07%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.96, 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 2.14%, 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 Nova Scotia (BNS, 3.3%), Toronto Dominion Bank (TD, 3.2%), Bank of Montreal (BMO, 3.0%), Royal Bank of Canada (RY, 3.1%), Fortis Inc (FTS, 3.0%) — 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 (34.3%), Energy (17.1%), Industrials (10.2%). 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 $387M 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 10.06% and a beta of 0.67 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.96 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
2026-10-22	$62.04	$62.04	$62.04	$62.04	$62.04	1,479
2026-10-21	$61.43	$61.43	$61.43	$61.43	$61.43	334
2026-10-20	$61.10	$61.39	$61.10	$61.35	$61.35	2,740
2026-10-19	$61.19	$61.19	$60.75	$60.99	$60.99	2,752
2026-10-16	$61.31	$61.64	$61.31	$61.49	$61.49	1,511
2026-10-15	$60.45	$61.11	$60.45	$61.11	$61.11	1,215
2026-10-14	$60.17	$60.25	$60.17	$60.25	$60.25	1,705
2026-10-13	$59.88	$60.30	$59.88	$60.26	$60.26	2,924
2026-10-09	$59.24	$59.44	$59.24	$59.44	$59.44	900
2026-10-08	$58.76	$58.97	$58.69	$58.97	$58.97	1,520

#	Ticker	Name	Weight
1	BNS	Bank of Nova Scotia	3.28%
2	TD	Toronto Dominion Bank	3.23%
3	BMO	Bank of Montreal	3.00%
4	RY	Royal Bank of Canada	3.09%
5	FTS	Fortis Inc	3.02%
6	CM	Canadian Imperial Bank Of Commerce	2.88%
7	GWO	Great-West Lifeco Inc.	3.04%
8	CNR	Canadian National Railway Co	2.88%
9	SU	Suncor Energy Inc	2.94%
10	ENB	Enbridge Inc	2.89%

Sector	Weight
Financial Services	34.28%
Energy	17.10%
Industrials	10.16%
Consumer Defensive	9.88%
Basic Materials	8.37%
Utilities	6.67%
Consumer Cyclicals	5.48%
Technology	4.08%
Communication Services	3.94%
Healthcare	0.00%
Real Estate	0.00%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

iShares MSCI Canada Minimum Volatility (XMV : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — XMV