CAUV.TO vs. CAEM.TO

Last updated Jul 11, 2026

CAUV.TO (Avantis CIBC U.S. Small Cap Value ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both exchange-traded funds - CAUV.TO is a Small Cap Value Equities fund actively managed by Avantis, while CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

CAUV.TO vs. CAEM.TO - Performance Comparison

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

Returns By Period

CAUV.TO

• 1D: 0.09%
• 1M: 3.27%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAEM.TO

• 1D: -0.09%
• 1M: 0.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	16.85%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	17.72%

Correlation

The correlation between CAUV.TO and CAEM.TO is 0.51, 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	0.51

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC U.S. Small Cap Value ETF (CAUV.TO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.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

CAUV.TO vs. CAEM.TO - Drawdown Comparison

The maximum CAUV.TO drawdown since its inception was -9.92%, which is greater than CAEM.TO's maximum drawdown of -7.18%. Use the drawdown chart below to compare losses from any high point for CAUV.TO and CAEM.TO.

Drawdown Indicators

	CAUV.TO	CAEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-7.18%	-2.74%
Current Drawdown Current decline from peak	-1.27%	-5.77%	+4.50%
Average Drawdown Average peak-to-trough decline	-2.53%	-1.80%	-0.73%

Volatility

Volatility by Period

	CAUV.TO	CAEM.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	26.67%	-10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	26.67%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	26.67%	-10.01%

Dividends

CAUV.TO vs. CAEM.TO - Dividend Comparison

CAUV.TO's dividend yield for the trailing twelve months is around 0.33%, less than CAEM.TO's 0.65% yield.

Position	TTM
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	0.65%
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	0.33%

Frequently Asked Questions

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

CAUV.TO and CAEM.TO have a correlation of 0.51, 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 CAUV.TO and CAEM.TO?

CAUV.TO is categorized as Small Cap Value Equities, while CAEM.TO is Emerging Markets Equities. They also come from different issuers: Avantis and CIBC.