CACE.TO vs. XDIV

Last updated Jun 5, 2026

CACE.TO (Avantis CIBC Canadian Equity ETF) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - CACE.TO is a Canada Equities fund actively managed by Avantis, while XDIV is a S&P 500 fund actively managed by Roundhill. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. CACE.TO charges 0.19%/yr vs 0.09%/yr for XDIV.

Performance

CACE.TO vs. XDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Canadian Equity ETF (CACE.TO) and Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

CACE.TO

• 1D: 1.02%
• 1M: 5.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDIV

• 1D: 0.00%
• 1M: 6.51%
• YTD: 12.04%
• 6M: 10.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CACE.TO vs. XDIV - Yearly Performance Comparison

	2026 (YTD)
CACE.TO Avantis CIBC Canadian Equity ETF	5.77%
XDIV Roundhill S&P 500 No Dividend Target ETF	11.91%

Correlation

The correlation between CACE.TO and XDIV is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.55

Return for Risk

CACE.TO vs. XDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Canadian Equity ETF (CACE.TO) and Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CACE.TO	XDIV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	2.18	-0.85

Drawdowns

CACE.TO vs. XDIV - Drawdown Comparison

The maximum CACE.TO drawdown since its inception was -10.51%, which is greater than XDIV's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for CACE.TO and XDIV.

Drawdown Indicators

	CACE.TO	XDIV	Difference
Max Drawdown Largest peak-to-trough decline	-10.51%	-8.85%	-1.66%
Current Drawdown Current decline from peak	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.82%	-1.49%	-1.33%

Volatility

Volatility by Period

	CACE.TO	XDIV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	12.23%	+4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	12.23%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	12.23%	+4.14%

CACE.TO vs. XDIV - Expense Ratio Comparison

CACE.TO has a 0.19% expense ratio, which is higher than XDIV's 0.09% 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

CACE.TO vs. XDIV - Dividend Comparison

Neither CACE.TO nor XDIV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CACE.TO and XDIV in my portfolio?

CACE.TO and XDIV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CACE.TO or XDIV?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CACE.TO or XDIV?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.19% for CACE.TO.

What is the main difference between CACE.TO and XDIV?

CACE.TO is categorized as Canada Equities, while XDIV is S&P 500. They also come from different issuers: Avantis and Roundhill. Their fees differ too: 0.19% for CACE.TO and 0.09% for XDIV.