CAEM.TO vs. XDIV.TO
CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. CAEM.TO is actively managed, while XDIV.TO is passively managed. At a 0.02 correlation, their price movements are largely independent.
Performance
CAEM.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
CAEM.TO
- 1D
- -3.12%
- 1M
- -3.41%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDIV.TO
- 1D
- 0.64%
- 1M
- 2.67%
- 6M
- 23.69%
- YTD
- 25.10%
- 1Y
- 42.77%
- 3Y*
- 25.16%
- 5Y*
- 18.09%
- 10Y*
- —
CAEM.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CAEM.TO Avantis CIBC Emerging Markets Equity ETF | 14.04% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 16.42% |
Correlation
The correlation between CAEM.TO and XDIV.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026 | 0.02 |
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Return for Risk
CAEM.TO vs. XDIV.TO — Risk / Return Rank
CAEM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XDIV.TO
CAEM.TO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| CAEM.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 15.47 | — |
| Martin ratioReturn relative to average drawdown | — | 50.32 | — |
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Drawdowns
CAEM.TO vs. XDIV.TO - Drawdown Comparison
The maximum CAEM.TO drawdown since its inception was -8.71%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for CAEM.TO and XDIV.TO.
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Drawdown Indicators
| CAEM.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.71% | -41.29% | +32.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.33% | — |
Current DrawdownCurrent decline from peak | -8.71% | 0.00% | -8.71% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -4.37% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.85% | — |
Volatility
CAEM.TO vs. XDIV.TO - Volatility Comparison
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Volatility by Period
| CAEM.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.22% | 8.51% | +18.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.22% | 10.56% | +16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.22% | 16.30% | +10.92% |
Dividends
CAEM.TO vs. XDIV.TO - Dividend Comparison
CAEM.TO's dividend yield for the trailing twelve months is around 0.67%, less than XDIV.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAEM.TO Avantis CIBC Emerging Markets Equity ETF | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.17% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% |
Frequently Asked Questions
CAEM.TO and XDIV.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAEM.TO is categorized as Emerging Markets Equities, while XDIV.TO is Dividend. They also come from different issuers: CIBC and iShares.
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