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

AVUV vs. XIC.TO

Last updated Jun 14, 2026

AVUV (Avantis US Small Cap Value ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. AVUV is actively managed, while XIC.TO is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 11.31%/yr for XIC.TO. A 0.64 correlation means they provide meaningful diversification when combined. AVUV charges 0.25%/yr vs 0.06%/yr for XIC.TO.

Performance

AVUV vs. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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 XIC.TO is traded in CAD. To make them comparable, the XIC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVUV achieves a 22.73% return, which is significantly higher than XIC.TO's 9.05% return.

AVUV

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

XIC.TO

1D
0.61%
1M
0.27%
YTD
9.05%
6M
10.41%
1Y
31.21%
3Y*
22.03%
5Y*
11.31%
10Y*
11.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVUV vs. XIC.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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		9.05%37.80%12.00%14.46%-11.43%23.49%8.18%3.96%

Correlation

The correlation between AVUV and XIC.TO is 0.53, 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

0.53

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

0.62

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

0.65

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

0.64

The correlation between AVUV and XIC.TO shifts across timeframes, from 0.53 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

AVUV vs. XIC.TO - Sectors Allocation Comparison

Sectors
AVUV
XIC.TO

Financial Services

26.1%
34.4%

Consumer Cyclical

18.7%
3.8%

Energy

15.8%
17.5%

Industrials

13.6%
10.3%

Technology

7.4%
7.2%

Basic Materials

5.1%
16.4%

Healthcare

4.8%
0.1%

Consumer Defensive

4.7%
3.0%

Communication Services

3.1%
1.8%

Real Estate

0.7%
1.5%

Utilities

0.1%
2.9%

Financial Services

AVUV
26.1%
XIC.TO
34.4%

Consumer Cyclical

AVUV
18.7%
XIC.TO
3.8%

Energy

AVUV
15.8%
XIC.TO
17.5%

Industrials

AVUV
13.6%
XIC.TO
10.3%

Technology

AVUV
7.4%
XIC.TO
7.2%

Basic Materials

AVUV
5.1%
XIC.TO
16.4%

Healthcare

AVUV
4.8%
XIC.TO
0.1%

Consumer Defensive

AVUV
4.7%
XIC.TO
3.0%

Communication Services

AVUV
3.1%
XIC.TO
1.8%

Real Estate

AVUV
0.7%
XIC.TO
1.5%

Utilities

AVUV
0.1%
XIC.TO
2.9%

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 S&P/TSX Capped Composite Index ETF

Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX
Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO

Return for Risk

AVUV vs. XIC.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
XIC.TO
XIC.TO Risk / Return Rank: 8787
Overall Rank
XIC.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8787
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8989
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. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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.

AVUVXIC.TODifference
Sharpe ratioReturn per unit of total volatility
2.28
2.28

0.00

Sortino ratioReturn per unit of downside risk
3.24
2.98

+0.26

Omega ratioGain probability vs. loss probability

1.39

1.40

-0.01

Calmar ratioReturn relative to maximum drawdown

5.06

3.25

+1.82

Martin ratioReturn relative to average drawdown

15.09

13.88

+1.21

AVUV vs. XIC.TO - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.28, which is comparable to the XIC.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of AVUV and XIC.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. XIC.TO - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, smaller than the maximum XIC.TO drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for AVUV and XIC.TO.

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Drawdown Indicators

AVUVXIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.42%

-59.65%

+10.23%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-9.73%

+1.78%

Max Drawdown (3Y)

Largest decline over 3 years

-28.79%

-12.76%

-16.03%

Max Drawdown (5Y)

Largest decline over 5 years

-28.79%

-24.02%

-4.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.59%

—

Current Drawdown

Current decline from peak

0.00%

-1.53%

+1.53%

Average Drawdown

Average peak-to-trough decline

-7.91%

-10.99%

+3.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

2.27%

+0.40%

Volatility

AVUV vs. XIC.TO - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) have volatilities of 4.53% and 4.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVUVXIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

4.50%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

11.13%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

17.63%

13.83%

+3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.75%

14.84%

+7.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.26%

16.48%

+11.78%

AVUV vs. XIC.TO - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is higher than XIC.TO's 0.06% 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

AVUV vs. XIC.TO - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.61%, less than XIC.TO's 2.01% 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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.01%2.23%2.64%2.96%3.10%2.45%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

AVUV and XIC.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.25% for AVUV.

AVUV is categorized as Small Cap Value Equities, while XIC.TO is Canada Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVUV and 0.06% for XIC.TO.

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