CAEM.TO vs. CACE.TO

Last updated Jun 24, 2026

CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) and CACE.TO (Avantis CIBC Canadian Equity ETF) are both exchange-traded funds - CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC, while CACE.TO is a Canada Equities fund actively managed by Avantis. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

CAEM.TO vs. CACE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Emerging Markets Equity ETF (CAEM.TO) and Avantis CIBC Canadian Equity ETF (CACE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAEM.TO

• 1D: -4.49%
• 1M: 4.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CACE.TO

• 1D: -0.74%
• 1M: 0.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAEM.TO vs. CACE.TO - Yearly Performance Comparison

	2026 (YTD)
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	19.32%
CACE.TO Avantis CIBC Canadian Equity ETF	8.69%

Correlation

The correlation between CAEM.TO and CACE.TO is 0.54, 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 Mar 31, 2026	0.54

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Emerging Markets Equity ETF (CAEM.TO) and Avantis CIBC Canadian Equity ETF (CACE.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.

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

Drawdowns

CAEM.TO vs. CACE.TO - Drawdown Comparison

The maximum CAEM.TO drawdown since its inception was -6.26%, smaller than the maximum CACE.TO drawdown of -10.51%. Use the drawdown chart below to compare losses from any high point for CAEM.TO and CACE.TO.

Drawdown Indicators

	CAEM.TO	CACE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.26%	-10.51%	+4.25%
Current Drawdown Current decline from peak	-4.49%	-1.97%	-2.52%
Average Drawdown Average peak-to-trough decline	-1.17%	-2.67%	+1.50%

Volatility

Volatility by Period

	CAEM.TO	CACE.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.43%	16.62%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.43%	16.62%	+8.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.43%	16.62%	+8.81%

Dividends

CAEM.TO vs. CACE.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

CAEM.TO and CACE.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

CAEM.TO is categorized as Emerging Markets Equities, while CACE.TO is Canada Equities. They also come from different issuers: CIBC and Avantis.