CSCA.L vs. AVWS.DE
CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. CSCA.L is passively managed, while AVWS.DE is actively managed. Over the past year, CSCA.L returned 34.16% vs 38.59% for AVWS.DE. A 0.61 correlation means they provide meaningful diversification when combined. CSCA.L charges 0.48%/yr vs 0.39%/yr for AVWS.DE.
Performance
CSCA.L vs. AVWS.DE - Performance Comparison
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Different Trading Currencies
CSCA.L is traded in GBp, while AVWS.DE is traded in EUR. To make them comparable, the AVWS.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSCA.L achieves a 9.66% return, which is significantly lower than AVWS.DE's 17.37% return.
CSCA.L
- 1D
- 0.52%
- 1M
- 3.48%
- YTD
- 9.66%
- 6M
- 12.09%
- 1Y
- 34.16%
- 3Y*
- 19.18%
- 5Y*
- 12.56%
- 10Y*
- 11.72%
AVWS.DE
- 1D
- 0.52%
- 1M
- 1.74%
- YTD
- 17.37%
- 6M
- 17.82%
- 1Y
- 38.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSCA.L vs. AVWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 9.66% | 27.37% | 3.52% |
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR | 17.37% | 13.49% | 5.16% |
Correlation
The correlation between CSCA.L and AVWS.DE is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.61 |
The correlation between CSCA.L and AVWS.DE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
CSCA.L vs. AVWS.DE — Risk / Return Rank
CSCA.L
AVWS.DE
CSCA.L vs. AVWS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE). 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.
| CSCA.L | AVWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.48 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 5.45 | -0.60 |
| Martin ratioReturn relative to average drawdown | 19.98 | 21.29 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSCA.L | AVWS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.75 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.30 | -0.70 |
Drawdowns
CSCA.L vs. AVWS.DE - Drawdown Comparison
The maximum CSCA.L drawdown since its inception was -33.80%, which is greater than AVWS.DE's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for CSCA.L and AVWS.DE.
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Drawdown Indicators
| CSCA.L | AVWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -23.55% | -10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -7.05% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.24% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.81% | -0.10% |
Volatility
CSCA.L vs. AVWS.DE - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) is 1.69%, while Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) has a volatility of 3.32%. This indicates that CSCA.L experiences smaller price fluctuations and is considered to be less risky than AVWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSCA.L | AVWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 3.32% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 9.53% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 13.99% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 17.16% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 17.16% | -0.16% |
CSCA.L vs. AVWS.DE - Expense Ratio Comparison
CSCA.L has a 0.48% expense ratio, which is higher than AVWS.DE's 0.39% expense ratio.
Dividends
CSCA.L vs. AVWS.DE - Dividend Comparison
Neither CSCA.L nor AVWS.DE has paid dividends to shareholders.
Frequently Asked Questions
CSCA.L and AVWS.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVWS.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVWS.DE is cheaper with a 0.39% expense ratio, compared with 0.48% for CSCA.L.
CSCA.L is categorized as Canada Equities, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.48% for CSCA.L and 0.39% for AVWS.DE.
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