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AVDE vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDE vs. XDIV.TO

Last updated Jun 14, 2026

AVDE (Avantis International Equity ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. AVDE is actively managed, while XDIV.TO is passively managed. Over the past 5 years, AVDE returned 9.98%/yr vs 13.87%/yr for XDIV.TO. A 0.54 correlation means they provide meaningful diversification when combined. AVDE charges 0.23%/yr vs 0.11%/yr for XDIV.TO.

Performance

AVDE vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AVDE is traded in USD, while XDIV.TO is traded in CAD. To make them comparable, the XDIV.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVDE achieves a 10.87% return, which is significantly lower than XDIV.TO's 19.42% return.

AVDE

1D
0.59%
1M
1.98%
YTD
10.87%
6M
12.42%
1Y
27.50%
3Y*
19.56%
5Y*
9.98%
10Y*
—

XDIV.TO

1D
0.38%
1M
2.75%
YTD
19.42%
6M
18.53%
1Y
36.69%
3Y*
22.30%
5Y*
13.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDE vs. XDIV.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDE
Avantis International Equity ETF		10.87%38.05%4.88%17.18%-13.68%13.62%8.26%7.95%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.42%31.02%10.48%14.68%-5.50%33.37%-5.29%3.48%

Correlation

The correlation between AVDE and XDIV.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.54

Over the past year, the correlation between AVDE and XDIV.TO has dropped to 0.33 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

AVDE vs. XDIV.TO - Sectors Allocation Comparison

Sectors
AVDE
XDIV.TO

Financial Services

23.9%
46.7%

Industrials

20.2%

-

Basic Materials

11.4%

-

Consumer Cyclical

9.4%
11.5%

Technology

8.0%
1.3%

Energy

7.4%
28.8%

Healthcare

5.7%

-

Consumer Defensive

4.3%

-

Communication Services

4.1%
0.4%

Utilities

4.0%
11.3%

Real Estate

1.5%

-

Financial Services

AVDE
23.9%
XDIV.TO
46.7%

Industrials

AVDE
20.2%
XDIV.TO

-

Basic Materials

AVDE
11.4%
XDIV.TO

-

Consumer Cyclical

AVDE
9.4%
XDIV.TO
11.5%

Technology

AVDE
8.0%
XDIV.TO
1.3%

Energy

AVDE
7.4%
XDIV.TO
28.8%

Healthcare

AVDE
5.7%
XDIV.TO

-

Consumer Defensive

AVDE
4.3%
XDIV.TO

-

Communication Services

AVDE
4.1%
XDIV.TO
0.4%

Utilities

AVDE
4.0%
XDIV.TO
11.3%

Real Estate

AVDE
1.5%
XDIV.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis International Equity ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with AVDE:
AVDE vs. VEAAVDE vs. AVDVAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

AVDE vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDE
AVDE Risk / Return Rank: 5858
Overall Rank
AVDE Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
AVDE Sortino Ratio Rank: 6060
Sortino Ratio Rank
AVDE Omega Ratio Rank: 5959
Omega Ratio Rank
AVDE Calmar Ratio Rank: 5252
Calmar Ratio Rank
AVDE Martin Ratio Rank: 5858
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDE vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AVDEXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
1.76
4.27

-2.51

Sortino ratioReturn per unit of downside risk
2.47
6.11

-3.64

Omega ratioGain probability vs. loss probability

1.32

1.82

-0.50

Calmar ratioReturn relative to maximum drawdown

2.30

11.38

-9.08

Martin ratioReturn relative to average drawdown

9.00

38.12

-29.12

AVDE vs. XDIV.TO - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.76, which is lower than the XDIV.TO Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of AVDE and XDIV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVDE vs. XDIV.TO - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum XDIV.TO drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for AVDE and XDIV.TO.

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Drawdown Indicators

AVDEXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.99%

-46.32%

+9.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.48%

-3.31%

-8.17%

Max Drawdown (3Y)

Largest decline over 3 years

-13.46%

-12.20%

-1.26%

Max Drawdown (5Y)

Largest decline over 5 years

-28.73%

-24.74%

-3.99%

Current Drawdown

Current decline from peak

-1.09%

0.00%

-1.09%

Average Drawdown

Average peak-to-trough decline

-6.15%

-6.33%

+0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

0.99%

+1.95%

Volatility

AVDE vs. XDIV.TO - Volatility Comparison

Avantis International Equity ETF (AVDE) has a higher volatility of 5.57% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.43%. This indicates that AVDE's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDEXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.57%

2.43%

+3.14%

Volatility (6M)

Calculated over the trailing 6-month period

12.80%

6.86%

+5.94%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

8.84%

+6.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.39%

12.47%

+3.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

17.75%

+1.18%

AVDE vs. XDIV.TO - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVDE vs. XDIV.TO - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 3.84%, more than XDIV.TO's 3.25% yield.

PositionTTM202520242023202220212020201920182017
AVDE
Avantis International Equity ETF		3.84%2.66%3.29%3.01%2.79%2.46%1.63%0.29%0.00%0.00%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%

Frequently Asked Questions

AVDE and XDIV.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.23% for AVDE.

AVDE is categorized as Foreign Large Cap Equities, while XDIV.TO is Dividend. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.23% for AVDE and 0.11% for XDIV.TO.

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