RY.TO vs. AVDV
RY.TO (Royal Bank of Canada) is a stock, while AVDV (Avantis International Small Cap Value ETF) is Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, RY.TO returned 21.56%/yr vs 16.96%/yr for AVDV. At a 0.49 correlation, their price movements are largely independent.
Performance
RY.TO vs. AVDV - Performance Comparison
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Different Trading Currencies
RY.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, RY.TO achieves a 20.87% return, which is significantly higher than AVDV's 17.32% return.
RY.TO
- 1D
- 0.36%
- 1M
- 10.50%
- YTD
- 20.87%
- 6M
- 23.89%
- 1Y
- 65.59%
- 3Y*
- 35.54%
- 5Y*
- 21.56%
- 10Y*
- 18.12%
AVDV
- 1D
- 1.08%
- 1M
- -0.08%
- YTD
- 17.32%
- 6M
- 18.86%
- 1Y
- 45.84%
- 3Y*
- 28.62%
- 5Y*
- 16.96%
- 10Y*
- —
RY.TO vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RY.TO Royal Bank of Canada | 20.87% | 39.60% | 34.37% | 9.80% | -1.52% | 33.09% | 6.52% | -3.36% |
AVDV Avantis International Small Cap Value ETF | 17.32% | 42.55% | 17.87% | 14.07% | -5.86% | 15.74% | 2.51% | 10.13% |
Correlation
The correlation between RY.TO and AVDV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.49 |
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Return for Risk
RY.TO vs. AVDV — Risk / Return Rank
RY.TO
AVDV
RY.TO vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.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.
| RY.TO | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.46 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 3.46 | +4.45 |
| Martin ratioReturn relative to average drawdown | 29.39 | 14.20 | +15.19 |
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Drawdowns
RY.TO vs. AVDV - Drawdown Comparison
The maximum RY.TO drawdown since its inception was -54.03%, which is greater than AVDV's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for RY.TO and AVDV.
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Drawdown Indicators
| RY.TO | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.03% | -37.43% | -16.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -12.81% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -14.53% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -22.53% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -5.01% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 3.12% | -0.94% |
Volatility
RY.TO vs. AVDV - Volatility Comparison
The current volatility for Royal Bank of Canada (RY.TO) is 4.23%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.39%. This indicates that RY.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
| RY.TO | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 6.39% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 14.17% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 16.48% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 18.25% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 20.45% | -3.19% |
Dividends
RY.TO vs. AVDV - Dividend Comparison
RY.TO's dividend yield for the trailing twelve months is around 2.28%, less than AVDV's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 4.11% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
RY.TO Royal Bank of Canada | 2.28% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
Frequently Asked Questions
RY.TO and AVDV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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