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CGR.TO vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CGR.TO vs. AVDV

Last updated Jun 4, 2026

CGR.TO (iShares Global Real Estate Index ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - CGR.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. CGR.TO is passively managed, while AVDV is actively managed. Over the past 5 years, CGR.TO returned 3.60%/yr vs 16.97%/yr for AVDV. At a 0.46 correlation, their price movements are largely independent. CGR.TO charges 0.72%/yr vs 0.36%/yr for AVDV.

Performance

CGR.TO vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Real Estate Index ETF (CGR.TO) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, CGR.TO achieves a 7.84% return, which is significantly lower than AVDV's 17.51% return.

CGR.TO

1D
-0.12%
1M
-0.61%
YTD
7.84%
6M
6.09%
1Y
9.02%
3Y*
9.97%
5Y*
3.60%
10Y*
3.96%

AVDV

1D
-0.32%
1M
6.06%
YTD
17.51%
6M
19.08%
1Y
46.09%
3Y*
29.50%
5Y*
16.97%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CGR.TO vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CGR.TO
iShares Global Real Estate Index ETF		7.84%2.56%9.99%7.58%-21.75%28.98%-9.40%-1.22%
AVDV
Avantis International Small Cap Value ETF		17.51%42.52%18.00%14.27%-5.16%14.75%3.23%9.58%

Correlation

The correlation between CGR.TO and AVDV is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.46

The correlation between CGR.TO and AVDV has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

CGR.TO vs. AVDV - Sectors Allocation Comparison

Sectors
CGR.TO
AVDV

Real Estate

100.0%
1.1%

Financial Services

0.0%
13.7%

Basic Materials

-

22.5%

Communication Services

-

2.0%

Consumer Cyclical

-

14.4%

Consumer Defensive

-

3.4%

Energy

-

10.8%

Healthcare

-

2.1%

Industrials

-

21.3%

Technology

-

6.4%

Utilities

-

1.7%

Real Estate

CGR.TO
100.0%
AVDV
1.1%

Financial Services

CGR.TO
0.0%
AVDV
13.7%

Basic Materials

CGR.TO

-

AVDV
22.5%

Communication Services

CGR.TO

-

AVDV
2.0%

Consumer Cyclical

CGR.TO

-

AVDV
14.4%

Consumer Defensive

CGR.TO

-

AVDV
3.4%

Energy

CGR.TO

-

AVDV
10.8%

Healthcare

CGR.TO

-

AVDV
2.1%

Industrials

CGR.TO

-

AVDV
21.3%

Technology

CGR.TO

-

AVDV
6.4%

Utilities

CGR.TO

-

AVDV
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Real Estate Index ETF

Avantis International Small Cap Value ETF

Often compared with CGR.TO:
CGR.TO vs. XRE.TOCGR.TO vs. REETCGR.TO vs. RS.TOCGR.TO vs. VFV.TOCGR.TO vs. ^GSPCCGR.TO vs. VCRCGR.TO vs. VNQI
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

CGR.TO vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CGR.TO
CGR.TO Risk / Return Rank: 2121
Overall Rank
CGR.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CGR.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
CGR.TO Omega Ratio Rank: 2020
Omega Ratio Rank
CGR.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
CGR.TO Martin Ratio Rank: 2424
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 7878
Overall Rank
AVDV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8383
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8484
Omega Ratio Rank
AVDV Calmar Ratio Rank: 6666
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7272
Martin Ratio Rank
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.

CGR.TO vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Real Estate Index ETF (CGR.TO) and Avantis International Small Cap Value ETF (AVDV). 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.

CGR.TOAVDVDifference
Sharpe ratioReturn per unit of total volatility
0.72
3.25

-2.52

Sortino ratioReturn per unit of downside risk
1.08
4.23

-3.15

Omega ratioGain probability vs. loss probability

1.14

1.60

-0.47

Calmar ratioReturn relative to maximum drawdown

0.95

3.65

-2.71

Martin ratioReturn relative to average drawdown

3.03

15.82

-12.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGR.TO vs. AVDV - Sharpe Ratio Comparison

The current CGR.TO Sharpe Ratio is 0.72, which is lower than the AVDV Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of CGR.TO and AVDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CGR.TOAVDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

3.25

-2.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

1.22

-0.98

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

1.03

-0.75

Drawdowns

CGR.TO vs. AVDV - Drawdown Comparison

The maximum CGR.TO drawdown since its inception was -52.90%, which is greater than AVDV's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for CGR.TO and AVDV.

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Drawdown Indicators

CGR.TOAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-52.90%

-36.44%

-16.46%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-12.67%

+3.12%

Max Drawdown (3Y)

Largest decline over 3 years

-14.40%

-14.64%

+0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-28.76%

-21.76%

-7.00%

Max Drawdown (10Y)

Largest decline over 10 years

-33.71%

—

—

Current Drawdown

Current decline from peak

-2.99%

-0.75%

-2.24%

Average Drawdown

Average peak-to-trough decline

-9.98%

-4.85%

-5.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.92%

+0.07%

Volatility

CGR.TO vs. AVDV - Volatility Comparison

The current volatility for iShares Global Real Estate Index ETF (CGR.TO) is 3.77%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 4.74%. This indicates that CGR.TO experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CGR.TOAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

4.74%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

12.09%

-2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.51%

14.28%

-1.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

14.02%

+0.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.56%

16.18%

+0.38%

CGR.TO vs. AVDV - Expense Ratio Comparison

CGR.TO has a 0.72% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

CGR.TO vs. AVDV - Dividend Comparison

CGR.TO's dividend yield for the trailing twelve months is around 2.33%, less than AVDV's 2.74% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		2.74%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
CGR.TO
iShares Global Real Estate Index ETF		2.33%2.51%2.52%2.59%2.40%1.70%2.22%2.10%2.54%4.25%2.83%2.97%

Frequently Asked Questions

CGR.TO and AVDV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AVDV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.72% for CGR.TO.

CGR.TO is categorized as REIT, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.72% for CGR.TO and 0.36% for AVDV.

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