VEE.TO vs. CAEM.TO

Last updated Jun 4, 2026

VEE.TO (Vanguard FTSE Emerging Markets All Cap Index ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both Emerging Markets Equities funds. VEE.TO is passively managed, while CAEM.TO is actively managed. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

VEE.TO vs. CAEM.TO - 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 CIBC Emerging Markets Equity ETF (CAEM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VEE.TO

• 1D: -0.90%
• 1M: 4.93%
• YTD: 13.54%
• 6M: 12.96%
• 1Y: 31.71%
• 3Y*: 18.62%
• 5Y*: 7.50%
• 10Y*: 9.01%

CAEM.TO

• 1D: -0.87%
• 1M: 9.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEE.TO vs. CAEM.TO - Yearly Performance Comparison

	2026 (YTD)
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	11.50%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	17.42%

Correlation

The correlation between VEE.TO and CAEM.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.82

Return for Risk

VEE.TO vs. CAEM.TO — 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: 60
VEE.TO Sharpe Ratio Rank: 60
VEE.TO Sortino Ratio Rank: 60
VEE.TO Omega Ratio Rank: 63
VEE.TO Calmar Ratio Rank: 59
VEE.TO Martin Ratio Rank: 59

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. CAEM.TO - 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 CIBC Emerging Markets Equity ETF (CAEM.TO). 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.

	VEE.TO	CAEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	10.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VEE.TO	CAEM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	7.86	-7.42

Drawdowns

VEE.TO vs. CAEM.TO - Drawdown Comparison

The maximum VEE.TO drawdown since its inception was -29.84%, which is greater than CAEM.TO's maximum drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for VEE.TO and CAEM.TO.

Drawdown Indicators

	VEE.TO	CAEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.84%	-4.26%	-25.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.84%	—	—
Current Drawdown Current decline from peak	-0.90%	-0.87%	-0.03%
Average Drawdown Average peak-to-trough decline	-8.73%	-0.74%	-7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	—	—

Volatility

Volatility by Period

	VEE.TO	CAEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	19.42%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	19.42%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	19.42%	-2.45%

Dividends

VEE.TO vs. CAEM.TO - Dividend Comparison

VEE.TO's dividend yield for the trailing twelve months is around 1.91%, while CAEM.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	1.91%	2.26%	2.45%	2.83%	3.35%	2.18%	1.61%	2.71%	2.21%	1.89%	1.99%	2.53%

Frequently Asked Questions

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

VEE.TO and CAEM.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

They also come from different issuers: Vanguard and CIBC.