RATE.TO vs. AVGE
RATE.TO (Arrow EC Income Advantage Alternative Fund) and AVGE (Avantis All Equity Markets ETF) are both exchange-traded funds - RATE.TO is a fund fund, while AVGE is a Global Equities fund actively managed by Avantis. Over the past 3 years, RATE.TO returned 7.32%/yr vs 23.02%/yr for AVGE. At a 0.02 correlation, their price movements are largely independent.
Performance
RATE.TO vs. AVGE - Performance Comparison
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Different Trading Currencies
RATE.TO is traded in CAD, while AVGE is traded in USD. To make them comparable, the AVGE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RATE.TO achieves a 1.10% return, which is significantly lower than AVGE's 17.05% return.
RATE.TO
- 1D
- -0.07%
- 1M
- 0.51%
- YTD
- 1.10%
- 6M
- 1.49%
- 1Y
- 3.64%
- 3Y*
- 7.32%
- 5Y*
- 6.03%
- 10Y*
- —
AVGE
- 1D
- -0.17%
- 1M
- 6.45%
- YTD
- 17.05%
- 6M
- 16.26%
- 1Y
- 35.57%
- 3Y*
- 23.02%
- 5Y*
- —
- 10Y*
- —
RATE.TO vs. AVGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.10% | 4.60% | 7.87% | 13.19% | 3.32% |
AVGE Avantis All Equity Markets ETF | 17.05% | 15.30% | 23.75% | 16.41% | 10.07% |
Correlation
The correlation between RATE.TO and AVGE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.02 |
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Return for Risk
RATE.TO vs. AVGE — Risk / Return Rank
RATE.TO
AVGE
RATE.TO vs. AVGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow EC Income Advantage Alternative Fund (RATE.TO) and Avantis All Equity Markets ETF (AVGE). 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.
| RATE.TO | AVGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.57 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 4.76 | -0.19 |
| Martin ratioReturn relative to average drawdown | 15.31 | 19.97 | -4.66 |
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
| RATE.TO | AVGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.99 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.73 | -0.89 |
Drawdowns
RATE.TO vs. AVGE - Drawdown Comparison
The maximum RATE.TO drawdown since its inception was -14.01%, smaller than the maximum AVGE drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for RATE.TO and AVGE.
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Drawdown Indicators
| RATE.TO | AVGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.01% | -17.56% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.80% | -7.51% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.70% | -17.56% | +15.86% |
Max Drawdown (5Y)Largest decline over 5 years | -3.38% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.17% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -2.03% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.79% | -1.55% |
Volatility
RATE.TO vs. AVGE - Volatility Comparison
The current volatility for Arrow EC Income Advantage Alternative Fund (RATE.TO) is 0.74%, while Avantis All Equity Markets ETF (AVGE) has a volatility of 3.51%. This indicates that RATE.TO experiences smaller price fluctuations and is considered to be less risky than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RATE.TO | AVGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 3.51% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 9.39% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 11.96% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 13.34% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 13.34% | -7.59% |
Dividends
RATE.TO vs. AVGE - Dividend Comparison
RATE.TO's dividend yield for the trailing twelve months is around 4.64%, more than AVGE's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVGE Avantis All Equity Markets ETF | 1.61% | 1.67% | 1.92% | 1.93% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.64% | 4.60% | 5.68% | 7.43% | 4.97% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
RATE.TO and AVGE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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