CWO.NEO vs. CAEM.TO
CWO.NEO (iShares Emerging Markets Fundamental Index ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both Emerging Markets Equities funds. CWO.NEO is passively managed, while CAEM.TO is actively managed. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
CWO.NEO vs. CAEM.TO - Performance Comparison
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Returns By Period
CWO.NEO
- 1D
- -1.42%
- 1M
- 4.14%
- YTD
- 13.80%
- 6M
- 13.05%
- 1Y
- 35.32%
- 3Y*
- 23.05%
- 5Y*
- 11.55%
- 10Y*
- 11.43%
CAEM.TO
- 1D
- -0.87%
- 1M
- 9.77%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWO.NEO vs. CAEM.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CWO.NEO iShares Emerging Markets Fundamental Index ETF | 7.93% |
CAEM.TO Avantis CIBC Emerging Markets Equity ETF | 17.42% |
Correlation
The correlation between CWO.NEO and CAEM.TO is 0.69, 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 Apr 1, 2026 | 0.69 |
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Return for Risk
CWO.NEO vs. CAEM.TO — Risk / Return Rank
CWO.NEO
CAEM.TO
CWO.NEO vs. CAEM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Fundamental Index ETF (CWO.NEO) 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.
| CWO.NEO | CAEM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | — | — |
| Martin ratioReturn relative to average drawdown | 12.37 | — | — |
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
| CWO.NEO | CAEM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 7.86 | -7.41 |
Drawdowns
CWO.NEO vs. CAEM.TO - Drawdown Comparison
The maximum CWO.NEO drawdown since its inception was -31.99%, which is greater than CAEM.TO's maximum drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for CWO.NEO and CAEM.TO.
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Drawdown Indicators
| CWO.NEO | CAEM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -4.26% | -27.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -0.87% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -0.74% | -9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | — | — |
Volatility
CWO.NEO vs. CAEM.TO - Volatility Comparison
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Volatility by Period
| CWO.NEO | CAEM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 19.42% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 19.42% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 19.42% | -1.90% |
Dividends
CWO.NEO vs. CAEM.TO - Dividend Comparison
CWO.NEO's dividend yield for the trailing twelve months is around 2.45%, while CAEM.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEM.TO Avantis CIBC Emerging Markets Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CWO.NEO iShares Emerging Markets Fundamental Index ETF | 2.45% | 2.79% | 3.50% | 4.14% | 5.03% | 4.61% | 2.64% | 3.01% | 3.22% | 2.60% | 2.57% | 3.23% |
Frequently Asked Questions
CWO.NEO and CAEM.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and CIBC.
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