AVUV vs. ZTIP.TO
AVUV (Avantis US Small Cap Value ETF) and ZTIP.TO (BMO Short-Term US TIPS Index ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while ZTIP.TO is a Inflation-Protected Bonds fund tracking the Bloomberg Barclays U.S. Government Inflation-Linked 0-5 Year Bond Index. AVUV is actively managed, while ZTIP.TO is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 3.29%/yr for ZTIP.TO. At a correlation of -0.09, they often move in opposite directions. AVUV charges 0.25%/yr vs 0.17%/yr for ZTIP.TO.
Performance
AVUV vs. ZTIP.TO - Performance Comparison
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Different Trading Currencies
AVUV is traded in USD, while ZTIP.TO is traded in CAD. To make them comparable, the ZTIP.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 ZTIP.TO's 1.43% return.
AVUV
- 1D
- 0.96%
- 1M
- 5.11%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 42.12%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
ZTIP.TO
- 1D
- -0.32%
- 1M
- -0.54%
- YTD
- 1.43%
- 6M
- 1.78%
- 1Y
- 4.31%
- 3Y*
- 5.09%
- 5Y*
- 3.29%
- 10Y*
- —
AVUV vs. ZTIP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 28.78% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 1.53% | 5.95% | 4.95% | 4.41% | -2.24% | 4.41% |
Correlation
The correlation between AVUV and ZTIP.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | -0.09 |
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Return for Risk
AVUV vs. ZTIP.TO — Risk / Return Rank
AVUV
ZTIP.TO
AVUV vs. ZTIP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and BMO Short-Term US TIPS Index ETF (ZTIP.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.
| AVUV | ZTIP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.14 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 2.48 | +2.59 |
| Martin ratioReturn relative to average drawdown | 15.09 | 7.40 | +7.69 |
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Drawdowns
AVUV vs. ZTIP.TO - Drawdown Comparison
The maximum AVUV drawdown since its inception was -49.42%, which is greater than ZTIP.TO's maximum drawdown of -6.85%. Use the drawdown chart below to compare losses from any high point for AVUV and ZTIP.TO.
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Drawdown Indicators
| AVUV | ZTIP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -6.85% | -42.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -1.75% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -2.38% | -26.41% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -6.85% | -21.94% |
Current DrawdownCurrent decline from peak | 0.00% | -0.78% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -1.58% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 0.58% | +2.09% |
Volatility
AVUV vs. ZTIP.TO - Volatility Comparison
Avantis US Small Cap Value ETF (AVUV) has a higher volatility of 4.53% compared to BMO Short-Term US TIPS Index ETF (ZTIP.TO) at 1.06%. This indicates that AVUV's price experiences larger fluctuations and is considered to be riskier than ZTIP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVUV | ZTIP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 1.06% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 3.94% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 5.79% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 7.81% | +14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.26% | 7.78% | +20.48% |
AVUV vs. ZTIP.TO - Expense Ratio Comparison
AVUV has a 0.25% expense ratio, which is higher than ZTIP.TO's 0.17% 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. ZTIP.TO - Dividend Comparison
AVUV's dividend yield for the trailing twelve months is around 1.61%, less than ZTIP.TO's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 3.42% | 3.63% | 3.63% | 4.91% | 4.93% | 0.38% | 0.00% | 0.00% |
Frequently Asked Questions
AVUV and ZTIP.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZTIP.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZTIP.TO is cheaper with a 0.17% expense ratio, compared with 0.25% for AVUV.
AVUV is categorized as Small Cap Value Equities, while ZTIP.TO is Inflation-Protected Bonds. They also come from different issuers: Avantis and BMO. Their fees differ too: 0.25% for AVUV and 0.17% for ZTIP.TO.
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