CAUS.TO vs. SMVP.TO

Last updated Jun 5, 2026

CAUS.TO (Avantis CIBC U.S. All-Cap Equity ETF) and SMVP.TO (HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)) are both Large Cap Blend Equities funds. CAUS.TO is actively managed, while SMVP.TO is passively managed. At a 0.45 correlation, their price movements are largely independent. CAUS.TO charges 0.19%/yr vs 0.00%/yr for SMVP.TO.

Performance

CAUS.TO vs. SMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC U.S. All-Cap Equity ETF (CAUS.TO) and HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAUS.TO

• 1D: 0.67%
• 1M: 6.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMVP.TO

• 1D: 0.24%
• 1M: -0.86%
• YTD: 5.14%
• 6M: 4.90%
• 1Y: 8.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAUS.TO vs. SMVP.TO - Yearly Performance Comparison

	2026 (YTD)
CAUS.TO Avantis CIBC U.S. All-Cap Equity ETF	10.74%
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	-4.55%

Correlation

The correlation between CAUS.TO and SMVP.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.45

Return for Risk

CAUS.TO vs. SMVP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMVP.TO

SMVP.TO Risk / Return Rank: 26
SMVP.TO Sharpe Ratio Rank: 26
SMVP.TO Sortino Ratio Rank: 25
SMVP.TO Omega Ratio Rank: 25
SMVP.TO Calmar Ratio Rank: 29
SMVP.TO Martin Ratio Rank: 26

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.

CAUS.TO vs. SMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC U.S. All-Cap Equity ETF (CAUS.TO) and HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.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.

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

Sharpe Ratios by Period

	CAUS.TO	SMVP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.79	0.39	+2.41

Drawdowns

CAUS.TO vs. SMVP.TO - Drawdown Comparison

The maximum CAUS.TO drawdown since its inception was -6.25%, smaller than the maximum SMVP.TO drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for CAUS.TO and SMVP.TO.

Drawdown Indicators

	CAUS.TO	SMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-12.11%	+5.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.44%	—
Current Drawdown Current decline from peak	0.00%	-5.31%	+5.31%
Average Drawdown Average peak-to-trough decline	-1.66%	-2.60%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	CAUS.TO	SMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	10.07%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	13.14%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	13.14%	+2.33%

CAUS.TO vs. SMVP.TO - Expense Ratio Comparison

CAUS.TO has a 0.19% expense ratio, which is higher than SMVP.TO's 0.00% 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

CAUS.TO vs. SMVP.TO - Dividend Comparison

CAUS.TO has not paid dividends to shareholders, while SMVP.TO's dividend yield for the trailing twelve months is around 2.26%.

Position	TTM	2025
CAUS.TO Avantis CIBC U.S. All-Cap Equity ETF	0.00%	0.00%
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	2.26%	1.93%

Frequently Asked Questions

Can I hold both CAUS.TO and SMVP.TO in my portfolio?

CAUS.TO and SMVP.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAUS.TO or SMVP.TO?

On fees, SMVP.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAUS.TO or SMVP.TO?

SMVP.TO is cheaper with a 0.00% expense ratio, compared with 0.19% for CAUS.TO.

What is the main difference between CAUS.TO and SMVP.TO?

They also come from different issuers: Avantis and Hamilton Capital. Their fees differ too: 0.19% for CAUS.TO and 0.00% for SMVP.TO.