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VDY.TO vs. AVDE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDY.TO vs. AVDE

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. VDY.TO is passively managed, while AVDE is actively managed. Over the past 5 years, VDY.TO returned 17.91%/yr vs 13.21%/yr for AVDE. A 0.61 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.23%/yr for AVDE.

Performance

VDY.TO vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VDY.TO is traded in CAD, while AVDE is traded in USD. To make them comparable, the AVDE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VDY.TO achieves a 23.81% return, which is significantly higher than AVDE's 13.12% return.

VDY.TO

1D
0.65%
1M
5.30%
YTD
23.81%
6M
23.43%
1Y
49.57%
3Y*
27.42%
5Y*
17.91%
10Y*
14.58%

AVDE

1D
0.78%
1M
2.03%
YTD
13.12%
6M
14.02%
1Y
31.03%
3Y*
21.35%
5Y*
13.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. AVDE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		23.81%29.21%21.44%8.41%-0.23%36.60%-1.37%1.83%
AVDE
Avantis International Equity ETF		13.12%31.74%13.76%14.40%-8.21%13.56%5.69%6.35%

Correlation

The correlation between VDY.TO and AVDE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.61

The correlation between VDY.TO and AVDE shifts across timeframes, from 0.49 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

VDY.TO vs. AVDE - Sectors Allocation Comparison

Sectors
VDY.TO
AVDE

Financial Services

56.0%
23.9%

Energy

30.8%
7.4%

Utilities

4.1%
4.0%

Consumer Cyclical

3.0%
9.4%

Communication Services

2.8%
4.1%

Basic Materials

2.2%
11.4%

Consumer Defensive

0.4%
4.3%

Technology

0.4%
8.0%

Industrials

0.2%
20.2%

Healthcare

0.1%
5.7%

Real Estate

-

1.5%

Financial Services

VDY.TO
56.0%
AVDE
23.9%

Energy

VDY.TO
30.8%
AVDE
7.4%

Utilities

VDY.TO
4.1%
AVDE
4.0%

Consumer Cyclical

VDY.TO
3.0%
AVDE
9.4%

Communication Services

VDY.TO
2.8%
AVDE
4.1%

Basic Materials

VDY.TO
2.2%
AVDE
11.4%

Consumer Defensive

VDY.TO
0.4%
AVDE
4.3%

Technology

VDY.TO
0.4%
AVDE
8.0%

Industrials

VDY.TO
0.2%
AVDE
20.2%

Healthcare

VDY.TO
0.1%
AVDE
5.7%

Real Estate

VDY.TO

-

AVDE
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Canadian High Dividend Yield Index ETF

Avantis International Equity ETF

Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO
Often compared with AVDE:
AVDE vs. VEAAVDE vs. AVDVAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV

Return for Risk

VDY.TO vs. AVDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
AVDE
AVDE Risk / Return Rank: 5858
Overall Rank
AVDE Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
AVDE Sortino Ratio Rank: 6060
Sortino Ratio Rank
AVDE Omega Ratio Rank: 5959
Omega Ratio Rank
AVDE Calmar Ratio Rank: 5252
Calmar Ratio Rank
AVDE Martin Ratio Rank: 5858
Martin Ratio Rank
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.

VDY.TO vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Avantis International Equity ETF (AVDE). 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.

VDY.TOAVDEDifference
Sharpe ratioReturn per unit of total volatility
5.98
1.89

+4.09

Sortino ratioReturn per unit of downside risk
8.59
2.64

+5.95

Omega ratioGain probability vs. loss probability

2.21

1.33

+0.88

Calmar ratioReturn relative to maximum drawdown

15.94

2.60

+13.34

Martin ratioReturn relative to average drawdown

64.95

10.36

+54.59

VDY.TO vs. AVDE - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the AVDE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of VDY.TO and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VDY.TO vs. AVDE - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than AVDE's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for VDY.TO and AVDE.

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Drawdown Indicators

VDY.TOAVDEDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-31.83%

-7.38%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-11.26%

+8.14%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-13.88%

+3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-22.94%

+6.77%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.47%

-4.42%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.83%

-2.07%

Volatility

VDY.TO vs. AVDE - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 3.27%, while Avantis International Equity ETF (AVDE) has a volatility of 5.72%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDY.TOAVDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

5.72%

-2.45%

Volatility (6M)

Calculated over the trailing 6-month period

6.96%

13.15%

-6.19%

Volatility (1Y)

Calculated over the trailing 1-year period

8.32%

15.48%

-7.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.58%

17.37%

-5.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

19.86%

-3.91%

VDY.TO vs. AVDE - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDY.TO vs. AVDE - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, less than AVDE's 3.84% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDE
Avantis International Equity ETF		3.84%2.66%3.29%3.01%2.79%2.46%1.63%0.29%0.00%0.00%0.00%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.83%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%

Frequently Asked Questions

VDY.TO and AVDE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.23% for AVDE.

VDY.TO is categorized as Dividend, while AVDE is Foreign Large Cap Equities. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.22% for VDY.TO and 0.23% for AVDE.

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