HXT.TO vs. AVDV

Last updated Jul 21, 2026

HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. HXT.TO is passively managed, while AVDV is actively managed. Over the past 5 years, HXT.TO returned 14.68%/yr vs 15.93%/yr for AVDV. A 0.66 correlation means they provide meaningful diversification when combined. HXT.TO charges 0.08%/yr vs 0.36%/yr for AVDV.

Performance

HXT.TO vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXT.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

The year-to-date returns for both investments are quite close, with HXT.TO having a 12.44% return and AVDV slightly higher at 12.85%.

HXT.TO

• 1D: -0.95%
• 1M: 1.37%
• 6M: 8.67%
• YTD: 12.44%
• 1Y: 30.05%
• 3Y*: 22.17%
• 5Y*: 14.68%
• 10Y*: 12.63%
• ALL TIME*: 5.24%

AVDV

• 1D: -0.56%
• 1M: -4.86%
• 6M: 5.66%
• YTD: 12.85%
• 1Y: 33.93%
• 3Y*: 26.18%
• 5Y*: 15.93%
• 10Y*: —
• ALL TIME*: 15.44%

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

HXT.TO vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF	12.44%	28.74%	20.94%	12.02%	-6.27%	28.11%	5.36%	2.06%
AVDV Avantis International Small Cap Value ETF	12.85%	42.55%	17.87%	14.07%	-5.86%	15.74%	2.51%	10.13%

Correlation

The correlation between HXT.TO and AVDV is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.66

The correlation between HXT.TO and AVDV has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

HXT.TO vs. AVDV - Sectors Allocation Comparison

Sectors	HXT.TO	AVDV
Financial Services	37.3%	13.6%
Energy	15.9%	9.1%
Basic Materials	12.6%	20.3%
Technology	12.0%	7.6%
Industrials	8.9%	22.7%
Consumer Cyclical	3.9%	15.9%
Consumer Defensive	3.6%	3.7%
Utilities	2.9%	1.5%
Communication Services	2.4%	2.2%
Real Estate	0.5%	1.2%
Healthcare	-	2.4%

Return for Risk

HXT.TO vs. AVDV — Risk / Return Rank

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

HXT.TO

HXT.TO Risk / Return Rank: 91
HXT.TO Sharpe Ratio Rank: 92
HXT.TO Sortino Ratio Rank: 91
HXT.TO Omega Ratio Rank: 91
HXT.TO Calmar Ratio Rank: 89
HXT.TO Martin Ratio Rank: 93

AVDV

AVDV Risk / Return Rank: 73
AVDV Sharpe Ratio Rank: 79
AVDV Sortino Ratio Rank: 76
AVDV Omega Ratio Rank: 76
AVDV Calmar Ratio Rank: 64
AVDV Martin Ratio Rank: 67

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.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.

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.

	HXT.TO	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.03	+0.49
Sortino ratio: Return per unit of downside risk	3.37	2.73	+0.64
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	3.92	2.66	+1.26
Martin ratio: Return relative to average drawdown	17.93	10.43	+7.50

HXT.TO vs. AVDV - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.52, which is comparable to the AVDV Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of HXT.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.

Drawdowns

HXT.TO vs. AVDV - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than AVDV's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for HXT.TO and AVDV.

Drawdown Indicators

	HXT.TO	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-52.13%	-37.43%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-12.81%	+5.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-14.53%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	-22.53%	+6.20%
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	—	—
Current Drawdown Current decline from peak	-1.27%	-5.90%	+4.63%
Average Drawdown Average peak-to-trough decline	-18.94%	-4.98%	-13.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	3.26%	-1.58%

Volatility

HXT.TO vs. AVDV - Volatility Comparison

The current volatility for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) is 2.02%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 4.58%. This indicates that HXT.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.

Volatility by Period

	HXT.TO	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	4.58%	-2.56%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	14.68%	-5.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	16.82%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	18.18%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	20.39%	-5.25%

HXT.TO vs. AVDV - Expense Ratio Comparison

HXT.TO has a 0.08% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

HXT.TO vs. AVDV - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 2.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.87%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HXT.TO and AVDV in my portfolio?

HXT.TO and AVDV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXT.TO or AVDV?

On fees, HXT.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HXT.TO or AVDV?

HXT.TO is cheaper with a 0.08% expense ratio, compared with 0.36% for AVDV.

What is the main difference between HXT.TO and AVDV?

HXT.TO is categorized as Canada Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: Global X and Avantis. Their fees differ too: 0.08% for HXT.TO and 0.36% for AVDV.