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

AVDE vs. XEG.TO

Last updated Jun 14, 2026

AVDE (Avantis International Equity ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. AVDE is actively managed, while XEG.TO is passively managed. Over the past 5 years, AVDE returned 9.98%/yr vs 24.38%/yr for XEG.TO. At a 0.40 correlation, their price movements are largely independent. AVDE charges 0.23%/yr vs 0.60%/yr for XEG.TO.

Performance

AVDE vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and iShares S&P/TSX Capped Energy Index ETF (XEG.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 XEG.TO is traded in CAD. To make them comparable, the XEG.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 XEG.TO's 35.78% return.

AVDE

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

XEG.TO

1D
-0.60%
1M
-5.73%
YTD
35.78%
6M
35.60%
1Y
47.05%
3Y*
24.51%
5Y*
24.38%
10Y*
10.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDE vs. XEG.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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		35.78%22.31%5.14%6.07%44.12%83.80%-32.85%7.14%

Correlation

The correlation between AVDE and XEG.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.06

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

0.21

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

0.33

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

0.40

The correlation between AVDE and XEG.TO shifts across timeframes, from -0.06 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

AVDE vs. XEG.TO - Sectors Allocation Comparison

Sectors
AVDE
XEG.TO

Financial Services

23.9%

-

Industrials

20.2%

-

Basic Materials

11.4%

-

Consumer Cyclical

9.4%

-

Technology

8.0%

-

Energy

7.4%
100.0%

Healthcare

5.7%

-

Consumer Defensive

4.3%

-

Communication Services

4.1%

-

Utilities

4.0%

-

Real Estate

1.5%

-

Financial Services

AVDE
23.9%
XEG.TO

-

Industrials

AVDE
20.2%
XEG.TO

-

Basic Materials

AVDE
11.4%
XEG.TO

-

Consumer Cyclical

AVDE
9.4%
XEG.TO

-

Technology

AVDE
8.0%
XEG.TO

-

Energy

AVDE
7.4%
XEG.TO
100.0%

Healthcare

AVDE
5.7%
XEG.TO

-

Consumer Defensive

AVDE
4.3%
XEG.TO

-

Communication Services

AVDE
4.1%
XEG.TO

-

Utilities

AVDE
4.0%
XEG.TO

-

Real Estate

AVDE
1.5%
XEG.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 S&P/TSX Capped Energy Index ETF

Often compared with AVDE:
AVDE vs. VEAAVDE vs. AVDVAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

AVDE vs. XEG.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
XEG.TO
XEG.TO Risk / Return Rank: 8282
Overall Rank
XEG.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8383
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. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

AVDEXEG.TODifference
Sharpe ratioReturn per unit of total volatility
1.76
2.20

-0.45

Sortino ratioReturn per unit of downside risk
2.47
2.72

-0.25

Omega ratioGain probability vs. loss probability

1.32

1.35

-0.04

Calmar ratioReturn relative to maximum drawdown

2.30

5.17

-2.86

Martin ratioReturn relative to average drawdown

9.00

12.56

-3.56

AVDE vs. XEG.TO - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.76, which is comparable to the XEG.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of AVDE and XEG.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. XEG.TO - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum XEG.TO drawdown of -91.23%. Use the drawdown chart below to compare losses from any high point for AVDE and XEG.TO.

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Drawdown Indicators

AVDEXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.99%

-91.23%

+54.24%

Max Drawdown (1Y)

Largest decline over 1 year

-11.48%

-10.20%

-1.28%

Max Drawdown (3Y)

Largest decline over 3 years

-13.46%

-29.14%

+15.68%

Max Drawdown (5Y)

Largest decline over 5 years

-28.73%

-33.93%

+5.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-81.25%

—

Current Drawdown

Current decline from peak

-1.09%

-9.41%

+8.32%

Average Drawdown

Average peak-to-trough decline

-6.15%

-43.49%

+37.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

4.19%

-1.25%

Volatility

AVDE vs. XEG.TO - Volatility Comparison

The current volatility for Avantis International Equity ETF (AVDE) is 5.57%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.99%. This indicates that AVDE experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDEXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.57%

8.99%

-3.42%

Volatility (6M)

Calculated over the trailing 6-month period

12.80%

19.69%

-6.89%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

23.91%

-8.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.39%

29.53%

-13.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

34.27%

-15.34%

AVDE vs. XEG.TO - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.

Dividends

AVDE vs. XEG.TO - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 3.84%, more than XEG.TO's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.76%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

AVDE and XEG.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AVDE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AVDE is cheaper with a 0.23% expense ratio, compared with 0.60% for XEG.TO.

AVDE is categorized as Foreign Large Cap Equities, while XEG.TO is Energy Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.23% for AVDE and 0.60% for XEG.TO.

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