AVDE vs. XGD.TO
AVDE (Avantis International Equity ETF) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index. AVDE is actively managed, while XGD.TO is passively managed. Over the past 5 years, AVDE returned 9.98%/yr vs 17.63%/yr for XGD.TO. At a 0.32 correlation, their price movements are largely independent. AVDE charges 0.23%/yr vs 0.61%/yr for XGD.TO.
Performance
AVDE vs. XGD.TO - Performance Comparison
Loading charts...
Different Trading Currencies
AVDE is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.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 higher than XGD.TO's -4.15% return.
AVDE
- 1D
- 0.59%
- 1M
- 0.08%
- YTD
- 10.87%
- 6M
- 12.42%
- 1Y
- 27.50%
- 3Y*
- 19.56%
- 5Y*
- 9.98%
- 10Y*
- —
XGD.TO
- 1D
- 2.80%
- 1M
- -14.79%
- YTD
- -4.15%
- 6M
- -2.94%
- 1Y
- 52.19%
- 3Y*
- 39.77%
- 5Y*
- 17.63%
- 10Y*
- 13.24%
AVDE vs. XGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 10.87% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 7.95% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | -4.15% | 156.14% | 10.29% | 6.44% | -8.90% | -5.76% | 24.05% | 5.60% |
Correlation
The correlation between AVDE and XGD.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.32 |
The correlation between AVDE and XGD.TO shifts across timeframes, from 0.32 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVDE vs. XGD.TO — Risk / Return Rank
AVDE
XGD.TO
AVDE vs. XGD.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 Global Gold Index ETF (XGD.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.
| AVDE | XGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.63 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.00 | 4.62 | +4.38 |
Loading charts...
Drawdowns
AVDE vs. XGD.TO - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum XGD.TO drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for AVDE and XGD.TO.
Loading charts...
Drawdown Indicators
| AVDE | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -80.30% | +43.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -34.40% | +22.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -34.40% | +20.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -44.90% | +16.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.12% | — |
Current DrawdownCurrent decline from peak | -1.09% | -29.14% | +28.05% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -40.83% | +34.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 12.14% | -9.20% |
Volatility
AVDE vs. XGD.TO - Volatility Comparison
The current volatility for Avantis International Equity ETF (AVDE) is 5.57%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 16.18%. This indicates that AVDE experiences smaller price fluctuations and is considered to be less risky than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVDE | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 16.18% | -10.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 36.18% | -23.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 44.62% | -29.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 33.65% | -17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 34.19% | -15.26% |
AVDE vs. XGD.TO - Expense Ratio Comparison
AVDE has a 0.23% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Dividends
AVDE vs. XGD.TO - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 3.84%, more than XGD.TO's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.64% | 0.62% | 0.93% | 1.49% | 1.77% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.10% | 0.57% |
Frequently Asked Questions
AVDE and XGD.TO have a correlation of 0.51, 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 0.61% for XGD.TO.
AVDE is categorized as Foreign Large Cap Equities, while XGD.TO is Gold. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.23% for AVDE and 0.61% for XGD.TO.
Find the right allocation for AVDE and XGD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer