CAUV.TO vs. VOO

Last updated Jul 11, 2026

CAUV.TO (Avantis CIBC U.S. Small Cap Value ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - CAUV.TO is a Small Cap Value Equities fund actively managed by Avantis, while VOO is a S&P 500 fund tracking the S&P 500 Index. CAUV.TO is actively managed, while VOO is passively managed. At a 0.44 correlation, their price movements are largely independent. CAUV.TO charges 0.35%/yr vs 0.03%/yr for VOO.

Performance

CAUV.TO vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAUV.TO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CAD using the latest available exchange rates.

Returns By Period

CAUV.TO

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

VOO

• 1D: 0.43%
• 1M: 4.19%
• 6M: 11.72%
• YTD: 15.11%
• 1Y: 27.01%
• 3Y*: 23.72%
• 5Y*: 16.03%
• 10Y*: 16.18%

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

CAUV.TO vs. VOO - Yearly Performance Comparison

	2026 (YTD)
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	9.21%
VOO Vanguard S&P 500 ETF	13.93%

Correlation

The correlation between CAUV.TO and VOO is 0.44, 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	0.44

Return for Risk

CAUV.TO vs. VOO — 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.

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 66
VOO Omega Ratio Rank: 68
VOO Calmar Ratio Rank: 62
VOO 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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.06	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.95	—
Martin ratio: Return relative to average drawdown	—	11.04	—

Drawdowns

CAUV.TO vs. VOO - Drawdown Comparison

The maximum CAUV.TO drawdown since its inception was -9.92%, smaller than the maximum VOO drawdown of -27.99%. Use the drawdown chart below to compare losses from any high point for CAUV.TO and VOO.

Drawdown Indicators

	CAUV.TO	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-27.99%	+18.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.99%	—
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-2.53%	-3.33%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.39%	—

Volatility

Volatility by Period

	CAUV.TO	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	12.81%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	17.84%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	19.04%	-2.38%

CAUV.TO vs. VOO - Expense Ratio Comparison

CAUV.TO has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

CAUV.TO vs. VOO - Dividend Comparison

CAUV.TO's dividend yield for the trailing twelve months is around 0.33%, less than VOO's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.06%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

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

CAUV.TO and VOO have a correlation of 0.44, 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 VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAUV.TO or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.35% for CAUV.TO.

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

CAUV.TO is categorized as Small Cap Value Equities, while VOO is S&P 500. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.35% for CAUV.TO and 0.03% for VOO.