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 $58.99 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: +7.43%, 1-year: +16.54%, 3-year annualised: +20.70%, 5-year annualised: +13.94%, 10-year annualised: +10.79%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.93, 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 2.05%, 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, 3.2%), Toronto Dominion Bank (TD, 3.1%), Enbridge Inc (ENB, 3.1%), Royal Bank of Canada (RY, 3.0%), 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 (35.4%), Energy (16.0%), Industrials (10.7%). 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 $376M 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 8.96% and a beta of 0.66 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.93 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
2026-10-01	$58.90	$59.03	$58.84	$58.99	$58.99	3,907
2026-09-30	$59.50	$59.50	$59.20	$59.20	$59.20	1,921
2026-09-29	$59.60	$59.60	$59.32	$59.34	$59.34	3,594
2026-09-28	$59.79	$59.81	$59.70	$59.70	$59.70	2,009
2026-09-25	$59.78	$60.00	$59.78	$60.00	$60.00	900
2026-09-24	$59.92	$59.92	$59.82	$59.82	$59.82	3,056
2026-09-23	$60.75	$60.75	$60.29	$60.29	$60.29	4,457
2026-09-22	$60.93	$60.97	$60.91	$60.91	$60.91	1,671
2026-09-21	$60.88	$60.88	$60.64	$60.75	$60.75	6,958
2026-09-18	$60.64	$60.77	$60.64	$60.73	$60.73	2,101

#	Ticker	Name	Weight
1	BNS	Bank of Nova Scotia	3.15%
2	TD	Toronto Dominion Bank	3.09%
3	ENB	Enbridge Inc	3.05%
4	RY	Royal Bank of Canada	2.98%
5	FTS	Fortis Inc	2.97%
6	CP	Canadian Pacific Railway Ltd	2.97%
7	CNR	Canadian National Railway Co	2.96%
8	BMO	Bank of Montreal	2.93%
9	CM	Canadian Imperial Bank Of Commerce	2.91%
10	GWO	Great-West Lifeco Inc.	2.85%

Sector	Weight
Financial Services	35.35%
Energy	16.03%
Industrials	10.70%
Basic Materials	9.34%
Consumer Defensive	8.86%
Utilities	6.85%
Consumer Cyclicals	5.23%
Communication Services	4.06%
Technology	3.57%
Healthcare	0.00%
Real Estate	0.00%

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CIBC Investor's Edge

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