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

VEF.TO vs. AVDE

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard FTSE Developed All Cap Ex US (VEF.TO) and Avantis International Equity ETF (AVDE).

VEF.TO and AVDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEF.TO is a passively managed fund by Vanguard that tracks the performance of the Spliced FTSE Developed ex US Index Hedged in CAD. It was launched on Nov 30, 2011. AVDE is a passively managed fund by American Century that tracks the performance of the MSCI World ex-USA IMI Index. It was launched on Sep 24, 2019. Both VEF.TO and AVDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VEF.TO vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap Ex US (VEF.TO) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

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VEF.TO vs. AVDE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VEF.TO
Vanguard FTSE Developed All Cap Ex US		4.10%24.61%10.91%18.02%-7.54%18.04%2.10%5.55%
AVDE
Avantis International Equity ETF		4.57%31.71%13.89%14.60%-7.53%12.59%6.43%5.69%
Different Trading Currencies

VEF.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, VEF.TO achieves a 4.10% return, which is significantly lower than AVDE's 4.57% return.

VEF.TO

1D
2.75%
1M
-6.38%
YTD
4.10%
6M
11.16%
1Y
25.81%
3Y*
16.22%
5Y*
11.11%
10Y*
10.47%

AVDE

1D
3.06%
1M
-6.06%
YTD
4.57%
6M
8.80%
1Y
27.51%
3Y*
18.88%
5Y*
12.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Developed All Cap Ex US

Avantis International Equity ETF

Often compared with VEF.TO:
VEF.TO vs. XEF.TOVEF.TO vs. VDU.TOVEF.TO vs. VEAVEF.TO vs. VFV.TOVEF.TO vs. VXUSVEF.TO vs. XEH.TOVEF.TO vs. VUG
Often compared with AVDE:
AVDE vs. AVDVAVDE vs. VEAAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV

VEF.TO vs. AVDE - Expense Ratio Comparison

VEF.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%.

AVDE
Avantis International Equity ETF
VEF.TO
Vanguard FTSE Developed All Cap Ex US

Return for Risk

VEF.TO vs. AVDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEF.TO
VEF.TO Risk / Return Rank: 8484
Overall Rank
VEF.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VEF.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
VEF.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VEF.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEF.TO Martin Ratio Rank: 8585
Martin Ratio Rank
AVDE
AVDE Risk / Return Rank: 9090
Overall Rank
AVDE Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
AVDE Sortino Ratio Rank: 9191
Sortino Ratio Rank
AVDE Omega Ratio Rank: 9292
Omega Ratio Rank
AVDE Calmar Ratio Rank: 8989
Calmar Ratio Rank
AVDE Martin Ratio Rank: 8989
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap Ex US (VEF.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.

VEF.TOAVDEDifference

Sharpe ratio

Return per unit of total volatility

1.60

1.77

-0.18

Sortino ratio

Return per unit of downside risk

2.19

2.34

-0.15

Omega ratio

Gain probability vs. loss probability

1.35

1.36

-0.02

Calmar ratio

Return relative to maximum drawdown

2.24

2.38

-0.14

Martin ratio

Return relative to average drawdown

9.47

9.37

+0.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEF.TO vs. AVDE - Sharpe Ratio Comparison

The current VEF.TO Sharpe Ratio is 1.60, which is comparable to the AVDE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of VEF.TO and AVDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VEF.TOAVDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.77

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.94

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.78

-0.11

Correlation

The correlation between VEF.TO and AVDE is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VEF.TO vs. AVDE - Dividend Comparison

VEF.TO's dividend yield for the trailing twelve months is around 2.28%, less than AVDE's 2.70% yield.

TTM20252024202320222021202020192018201720162015
VEF.TO
Vanguard FTSE Developed All Cap Ex US		2.28%2.61%2.55%2.50%2.21%2.55%1.73%2.41%2.64%2.21%2.31%2.39%
AVDE
Avantis International Equity ETF		2.70%2.66%3.29%3.01%2.79%2.46%1.63%0.29%0.00%0.00%0.00%0.00%

Drawdowns

VEF.TO vs. AVDE - Drawdown Comparison

The maximum VEF.TO drawdown since its inception was -33.03%, which is greater than AVDE's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for VEF.TO and AVDE.

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Drawdown Indicators

VEF.TOAVDEDifference

Max Drawdown

Largest peak-to-trough decline

-33.03%

-36.99%

+3.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.16%

-11.48%

+0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-16.35%

-28.73%

+12.38%

Max Drawdown (10Y)

Largest decline over 10 years

-33.03%

—

—

Current Drawdown

Current decline from peak

-6.54%

-7.96%

+1.42%

Average Drawdown

Average peak-to-trough decline

-4.30%

-6.26%

+1.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.88%

-0.24%

Volatility

VEF.TO vs. AVDE - Volatility Comparison

The current volatility for Vanguard FTSE Developed All Cap Ex US (VEF.TO) is 6.96%, while Avantis International Equity ETF (AVDE) has a volatility of 7.42%. This indicates that VEF.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

VEF.TOAVDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

7.42%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

10.28%

-0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

16.25%

15.58%

+0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.28%

12.96%

+0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.47%

15.64%

-0.17%