CAUV.TO vs. HXS.TO

Last updated Jul 11, 2026

CAUV.TO (Avantis CIBC U.S. Small Cap Value ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - CAUV.TO is a Small Cap Value Equities fund actively managed by Avantis, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. CAUV.TO is actively managed, while HXS.TO is passively managed. A 0.59 correlation means they provide meaningful diversification when combined. CAUV.TO charges 0.35%/yr vs 0.11%/yr for HXS.TO.

Performance

CAUV.TO vs. HXS.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 Global X S&P 500 Index Corporate Class ETF (HXS.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*: —

HXS.TO

• 1D: 0.29%
• 1M: 3.88%
• 6M: 10.92%
• YTD: 14.39%
• 1Y: 25.88%
• 3Y*: 23.21%
• 5Y*: 15.66%
• 10Y*: —

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

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

	2026 (YTD)
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	9.21%
HXS.TO Global X S&P 500 Index Corporate Class ETF	13.70%

Correlation

The correlation between CAUV.TO and HXS.TO is 0.59, 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	0.59

Return for Risk

CAUV.TO vs. HXS.TO — Risk / Return Rank

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

CAUV.TO

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

HXS.TO

HXS.TO Risk / Return Rank: 78
HXS.TO Sharpe Ratio Rank: 82
HXS.TO Sortino Ratio Rank: 80
HXS.TO Omega Ratio Rank: 80
HXS.TO Calmar Ratio Rank: 73
HXS.TO Martin Ratio Rank: 74

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.

CAUV.TO vs. HXS.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 Global X S&P 500 Index Corporate Class ETF (HXS.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.

	CAUV.TO	HXS.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.07	—
Sortino ratio: Return per unit of downside risk	—	2.84	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	10.92	—

Drawdowns

CAUV.TO vs. HXS.TO - Drawdown Comparison

The maximum CAUV.TO drawdown since its inception was -9.92%, smaller than the maximum HXS.TO drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for CAUV.TO and HXS.TO.

Drawdown Indicators

	CAUV.TO	HXS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-27.41%	+17.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.63%	—
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-2.53%	-4.24%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.35%	—

Volatility

Volatility by Period

	CAUV.TO	HXS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	12.44%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	15.26%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	17.70%	-1.04%

CAUV.TO vs. HXS.TO - Expense Ratio Comparison

CAUV.TO has a 0.35% expense ratio, which is higher than HXS.TO's 0.11% expense ratio.

Dividends

CAUV.TO vs. HXS.TO - Dividend Comparison

CAUV.TO's dividend yield for the trailing twelve months is around 0.33%, while HXS.TO has not paid dividends to shareholders.

Position	TTM
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	0.33%
HXS.TO Global X S&P 500 Index Corporate Class ETF	0.00%

Frequently Asked Questions

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

CAUV.TO and HXS.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAUV.TO or HXS.TO?

On fees, HXS.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAUV.TO or HXS.TO?

HXS.TO is cheaper with a 0.11% expense ratio, compared with 0.35% for CAUV.TO.

What is the main difference between CAUV.TO and HXS.TO?

CAUV.TO is categorized as Small Cap Value Equities, while HXS.TO is S&P 500. They also come from different issuers: Avantis and Global X. Their fees differ too: 0.35% for CAUV.TO and 0.11% for HXS.TO.