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AVUV vs. XEC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVUV vs. XEC.TO

Last updated Jun 13, 2026

AVUV (Avantis US Small Cap Value ETF) and XEC.TO (iShares Core MSCI Emerging Markets IMI Index ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while XEC.TO is a Emerging Markets Equities fund tracking the MSCI Emerging Markets IMI Index. AVUV is actively managed, while XEC.TO is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 6.66%/yr for XEC.TO. At a 0.41 correlation, their price movements are largely independent. AVUV charges 0.25%/yr vs 0.28%/yr for XEC.TO.

Performance

AVUV vs. XEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVUV having a 22.73% return and XEC.TO slightly higher at 22.84%.

AVUV

1D
0.96%
1M
5.11%
YTD
22.73%
6M
19.51%
1Y
42.12%
3Y*
19.24%
5Y*
11.57%
10Y*
—

XEC.TO

1D
0.58%
1M
0.47%
YTD
22.84%
6M
25.96%
1Y
45.05%
3Y*
21.42%
5Y*
6.66%
10Y*
9.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVUV vs. XEC.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVUV
Avantis US Small Cap Value ETF		22.73%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%
XEC.TO
iShares Core MSCI Emerging Markets IMI Index ETF		22.84%31.80%7.07%10.55%-19.84%-1.70%17.88%9.79%

Correlation

The correlation between AVUV and XEC.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.41

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

0.40

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

0.41

AVUV vs. XEC.TO - Sectors Allocation Comparison

Sectors
AVUV
XEC.TO

Financial Services

25.8%
18.4%

Energy

18.2%
3.9%

Consumer Cyclical

18.0%
9.6%

Industrials

13.9%
9.0%

Technology

7.0%
35.0%

Basic Materials

4.9%
6.9%

Consumer Defensive

4.5%
3.3%

Healthcare

4.2%
3.7%

Communication Services

2.8%
6.4%

Real Estate

0.7%
1.7%

Utilities

0.1%
2.2%

Financial Services

AVUV
25.8%
XEC.TO
18.4%

Energy

AVUV
18.2%
XEC.TO
3.9%

Consumer Cyclical

AVUV
18.0%
XEC.TO
9.6%

Industrials

AVUV
13.9%
XEC.TO
9.0%

Technology

AVUV
7.0%
XEC.TO
35.0%

Basic Materials

AVUV
4.9%
XEC.TO
6.9%

Consumer Defensive

AVUV
4.5%
XEC.TO
3.3%

Healthcare

AVUV
4.2%
XEC.TO
3.7%

Communication Services

AVUV
2.8%
XEC.TO
6.4%

Real Estate

AVUV
0.7%
XEC.TO
1.7%

Utilities

AVUV
0.1%
XEC.TO
2.2%

Compare stocks, funds, or ETFs

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

Avantis US Small Cap Value ETF

iShares Core MSCI Emerging Markets IMI Index ETF

Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX
Often compared with XEC.TO:
XEC.TO vs. XEF.TOXEC.TO vs. VEE.TOXEC.TO vs. XEM.TOXEC.TO vs. ZEM.TOXEC.TO vs. XEQT.TOXEC.TO vs. VFV.TOXEC.TO vs. XIC.TO

Return for Risk

AVUV vs. XEC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVUV
AVUV Risk / Return Rank: 8484
Overall Rank
AVUV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 8484
Sortino Ratio Rank
AVUV Omega Ratio Rank: 7777
Omega Ratio Rank
AVUV Calmar Ratio Rank: 9191
Calmar Ratio Rank
AVUV Martin Ratio Rank: 8585
Martin Ratio Rank
XEC.TO
XEC.TO Risk / Return Rank: 8383
Overall Rank
XEC.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XEC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XEC.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEC.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
XEC.TO Martin Ratio Rank: 8181
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.

AVUV vs. XEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.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.

AVUVXEC.TODifference
Sharpe ratioReturn per unit of total volatility
2.28
2.11

+0.18

Sortino ratioReturn per unit of downside risk
3.24
2.74

+0.50

Omega ratioGain probability vs. loss probability

1.39

1.40

0.00

Calmar ratioReturn relative to maximum drawdown

5.06

3.47

+1.59

Martin ratioReturn relative to average drawdown

15.09

12.49

+2.60

AVUV vs. XEC.TO - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.28, which is comparable to the XEC.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of AVUV and XEC.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

AVUV vs. XEC.TO - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than XEC.TO's maximum drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for AVUV and XEC.TO.

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Drawdown Indicators

AVUVXEC.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.42%

-38.57%

-10.85%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-12.45%

+4.50%

Max Drawdown (3Y)

Largest decline over 3 years

-28.79%

-17.99%

-10.80%

Max Drawdown (5Y)

Largest decline over 5 years

-28.79%

-36.21%

+7.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.57%

—

Current Drawdown

Current decline from peak

0.00%

-3.81%

+3.81%

Average Drawdown

Average peak-to-trough decline

-7.91%

-13.69%

+5.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

3.46%

-0.79%

Volatility

AVUV vs. XEC.TO - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.53%, while iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) has a volatility of 10.24%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than XEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVUVXEC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

10.24%

-5.71%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

18.10%

-6.76%

Volatility (1Y)

Calculated over the trailing 1-year period

17.63%

20.55%

-2.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.75%

17.43%

+5.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.26%

18.80%

+9.46%

AVUV vs. XEC.TO - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than XEC.TO's 0.28% expense ratio.

Dividends

AVUV vs. XEC.TO - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.61%, more than XEC.TO's 1.53% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.61%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
XEC.TO
iShares Core MSCI Emerging Markets IMI Index ETF		1.53%1.92%2.03%2.15%2.19%2.78%1.64%2.87%2.66%2.13%1.80%2.19%

Frequently Asked Questions

AVUV and XEC.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

AVUV is cheaper with a 0.25% expense ratio, compared with 0.28% for XEC.TO.

AVUV is categorized as Small Cap Value Equities, while XEC.TO is Emerging Markets Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVUV and 0.28% for XEC.TO.

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