VEE.TO vs. AVUV

Last updated Jun 13, 2026

VEE.TO (Vanguard FTSE Emerging Markets All Cap Index ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - VEE.TO is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. VEE.TO is passively managed, while AVUV is actively managed. Over the past 5 years, VEE.TO returned 7.31%/yr vs 14.84%/yr for AVUV. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

VEE.TO vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VEE.TO achieves a 12.66% return, which is significantly lower than AVUV's 25.22% return.

VEE.TO

• 1D: 0.97%
• 1M: 1.13%
• YTD: 12.66%
• 6M: 13.92%
• 1Y: 29.56%
• 3Y*: 17.76%
• 5Y*: 7.31%
• 10Y*: 9.34%

AVUV

• 1D: 1.14%
• 1M: 7.16%
• YTD: 25.22%
• 6M: 21.21%
• 1Y: 46.05%
• 3Y*: 21.03%
• 5Y*: 14.84%
• 10Y*: —

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

VEE.TO vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	12.66%	19.32%	19.06%	6.24%	-12.79%	0.06%	12.32%	8.32%
AVUV Avantis US Small Cap Value ETF	25.22%	2.53%	18.54%	19.89%	1.12%	42.12%	3.91%	6.94%

Correlation

The correlation between VEE.TO and AVUV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.41

VEE.TO vs. AVUV - Sectors Allocation Comparison

Sectors	VEE.TO	AVUV
Technology	26.3%	7.0%
Financial Services	20.5%	25.8%
Consumer Cyclical	11.2%	18.0%
Basic Materials	8.4%	4.9%
Industrials	7.9%	13.9%
Communication Services	7.8%	2.8%
Energy	4.7%	18.2%
Healthcare	4.1%	4.2%
Consumer Defensive	3.9%	4.5%
Utilities	3.0%	0.1%
Real Estate	2.3%	0.7%

Return for Risk

VEE.TO vs. AVUV — Risk / Return Rank

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

VEE.TO

VEE.TO Risk / Return Rank: 59
VEE.TO Sharpe Ratio Rank: 59
VEE.TO Sortino Ratio Rank: 59
VEE.TO Omega Ratio Rank: 62
VEE.TO Calmar Ratio Rank: 58
VEE.TO Martin Ratio Rank: 59

AVUV

AVUV Risk / Return Rank: 84
AVUV Sharpe Ratio Rank: 83
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 85

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.

VEE.TO vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) and Avantis US Small Cap Value ETF (AVUV). 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.

	VEE.TO	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.37	-0.65
Sortino ratio: Return per unit of downside risk	2.41	3.37	-0.96
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	2.56	5.33	-2.77
Martin ratio: Return relative to average drawdown	9.14	18.40	-9.26

VEE.TO vs. AVUV - Sharpe Ratio Comparison

The current VEE.TO Sharpe Ratio is 1.72, which is comparable to the AVUV Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of VEE.TO and AVUV, 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

VEE.TO vs. AVUV - Drawdown Comparison

The maximum VEE.TO drawdown since its inception was -29.84%, smaller than the maximum AVUV drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for VEE.TO and AVUV.

Drawdown Indicators

	VEE.TO	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-29.84%	-45.21%	+15.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-8.15%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	-27.30%	+12.33%
Max Drawdown (5Y) Largest decline over 5 years	-26.10%	-27.30%	+1.20%
Max Drawdown (10Y) Largest decline over 10 years	-29.84%	—	—
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-8.72%	-6.96%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.36%	+0.65%

Volatility

VEE.TO vs. AVUV - Volatility Comparison

Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) has a higher volatility of 6.96% compared to Avantis US Small Cap Value ETF (AVUV) at 4.95%. This indicates that VEE.TO's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEE.TO	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	4.95%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	12.19%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	18.34%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	23.47%	-8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	28.85%	-11.84%

VEE.TO vs. AVUV - Expense Ratio Comparison

Both VEE.TO and AVUV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEE.TO vs. AVUV - Dividend Comparison

VEE.TO's dividend yield for the trailing twelve months is around 1.93%, more than AVUV's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.61%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	1.93%	2.26%	2.45%	2.83%	3.35%	2.18%	1.62%	2.71%	2.24%	1.93%	2.01%	2.53%

Frequently Asked Questions

Can I hold both VEE.TO and AVUV in my portfolio?

VEE.TO and AVUV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEE.TO or AVUV?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEE.TO or AVUV?

VEE.TO and AVUV have the same expense ratio: 0.25% per year.

What is the main difference between VEE.TO and AVUV?

VEE.TO is categorized as Emerging Markets Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: Vanguard and Avantis.