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AVDV vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDV vs. HXQ.TO

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and HXQ.TO (Horizons NASDAQ-100 Index ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. AVDV is actively managed, while HXQ.TO is passively managed. Over the past 5 years, AVDV returned 13.63%/yr vs 16.50%/yr for HXQ.TO. At a 0.42 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.25%/yr for HXQ.TO.

Performance

AVDV vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and Horizons NASDAQ-100 Index ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, AVDV achieves a 14.99% return, which is significantly lower than HXQ.TO's 17.23% return.

AVDV

1D
0.89%
1M
-1.95%
YTD
14.99%
6M
17.18%
1Y
40.93%
3Y*
26.72%
5Y*
13.63%
10Y*
—

HXQ.TO

1D
0.55%
1M
0.92%
YTD
17.23%
6M
17.86%
1Y
36.33%
3Y*
26.37%
5Y*
16.50%
10Y*
21.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDV vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%
HXQ.TO
Horizons NASDAQ-100 Index ETF		17.17%20.55%25.37%54.85%-32.14%26.26%49.12%11.62%

Correlation

The correlation between AVDV and HXQ.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.36

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

0.41

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

0.42

AVDV vs. HXQ.TO - Sectors Allocation Comparison

Sectors
AVDV
HXQ.TO

Basic Materials

22.5%
1.0%

Industrials

21.3%
3.1%

Consumer Cyclical

14.4%
13.2%

Financial Services

13.7%
0.3%

Energy

10.8%
0.5%

Technology

6.4%
55.9%

Consumer Defensive

3.4%
4.4%

Healthcare

2.1%
4.4%

Communication Services

2.0%
15.8%

Utilities

1.7%
1.4%

Real Estate

1.1%
0.2%

Basic Materials

AVDV
22.5%
HXQ.TO
1.0%

Industrials

AVDV
21.3%
HXQ.TO
3.1%

Consumer Cyclical

AVDV
14.4%
HXQ.TO
13.2%

Financial Services

AVDV
13.7%
HXQ.TO
0.3%

Energy

AVDV
10.8%
HXQ.TO
0.5%

Technology

AVDV
6.4%
HXQ.TO
55.9%

Consumer Defensive

AVDV
3.4%
HXQ.TO
4.4%

Healthcare

AVDV
2.1%
HXQ.TO
4.4%

Communication Services

AVDV
2.0%
HXQ.TO
15.8%

Utilities

AVDV
1.7%
HXQ.TO
1.4%

Real Estate

AVDV
1.1%
HXQ.TO
0.2%

Compare stocks, funds, or ETFs

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Avantis International Small Cap Value ETF

Horizons NASDAQ-100 Index ETF

Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

AVDV vs. HXQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 7777
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8282
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6464
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.

AVDV vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Horizons NASDAQ-100 Index ETF (HXQ.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.

AVDVHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.53
2.09

+0.44

Sortino ratioReturn per unit of downside risk
3.36
2.73

+0.63

Omega ratioGain probability vs. loss probability

1.46

1.38

+0.08

Calmar ratioReturn relative to maximum drawdown

3.12

3.05

+0.07

Martin ratioReturn relative to average drawdown

12.44

11.18

+1.26

AVDV vs. HXQ.TO - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is comparable to the HXQ.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of AVDV and HXQ.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

AVDV vs. HXQ.TO - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than HXQ.TO's maximum drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for AVDV and HXQ.TO.

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Drawdown Indicators

AVDVHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.01%

-35.78%

-7.23%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-11.98%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-22.85%

+8.68%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-35.78%

+7.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.78%

—

Current Drawdown

Current decline from peak

-2.24%

-3.52%

+1.28%

Average Drawdown

Average peak-to-trough decline

-6.76%

-6.35%

-0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

3.26%

+0.04%

Volatility

AVDV vs. HXQ.TO - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while Horizons NASDAQ-100 Index ETF (HXQ.TO) has a volatility of 7.30%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDVHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.26%

7.30%

-1.04%

Volatility (6M)

Calculated over the trailing 6-month period

13.88%

13.67%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

16.25%

17.43%

-1.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

21.64%

-4.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

21.58%

-1.81%

AVDV vs. HXQ.TO - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

AVDV vs. HXQ.TO - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, while HXQ.TO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

AVDV and HXQ.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.36% for AVDV.

AVDV is categorized as Foreign Small & Mid Cap Equities, while HXQ.TO is Nasdaq-100. They also come from different issuers: Avantis and Horizons. Their fees differ too: 0.36% for AVDV and 0.25% for HXQ.TO.

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