VXM.TO vs. AVDV
Compare and contrast key facts about CI Morningstar International Value CAD Hedged (VXM.TO) and Avantis International Small Cap Value ETF (AVDV).
VXM.TO and AVDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXM.TO is a passively managed fund by CI Investments that tracks the performance of the Morningstar® Developed Markets ex-North America Target Value Index. It was launched on Nov 13, 2014. AVDV is an actively managed fund by Avantis. It was launched on Sep 24, 2019.
Performance
VXM.TO vs. AVDV - Performance Comparison
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VXM.TO vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VXM.TO CI Morningstar International Value CAD Hedged | 6.94% | 44.77% | 19.29% | 24.09% | 3.19% | 19.09% | -13.99% | 8.32% |
AVDV Avantis International Small Cap Value ETF | 7.83% | 42.52% | 18.00% | 14.27% | -5.16% | 14.75% | 3.23% | 9.58% |
Different Trading Currencies
VXM.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, VXM.TO achieves a 6.94% return, which is significantly lower than AVDV's 7.83% return.
VXM.TO
- 1D
- 2.30%
- 1M
- -5.49%
- YTD
- 6.94%
- 6M
- 16.56%
- 1Y
- 42.61%
- 3Y*
- 28.58%
- 5Y*
- 19.48%
- 10Y*
- 13.43%
AVDV
- 1D
- 3.26%
- 1M
- -7.39%
- YTD
- 7.83%
- 6M
- 13.92%
- 1Y
- 43.36%
- 3Y*
- 25.26%
- 5Y*
- 15.74%
- 10Y*
- —
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VXM.TO vs. AVDV - Expense Ratio Comparison
VXM.TO has a 0.66% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Return for Risk
VXM.TO vs. AVDV — Risk / Return Rank
VXM.TO
AVDV
VXM.TO vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Morningstar International Value CAD Hedged (VXM.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.
| VXM.TO | AVDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.69 | 2.61 | +0.07 |
Sortino ratioReturn per unit of downside risk | 3.48 | 3.22 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.54 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.36 | +0.25 |
Martin ratioReturn relative to average drawdown | 15.88 | 13.79 | +2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VXM.TO | AVDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.61 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | 1.15 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.96 | -0.33 |
Correlation
The correlation between VXM.TO and AVDV is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VXM.TO vs. AVDV - Dividend Comparison
VXM.TO's dividend yield for the trailing twelve months is around 2.20%, less than AVDV's 2.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VXM.TO CI Morningstar International Value CAD Hedged | 2.20% | 2.03% | 3.60% | 3.37% | 3.54% | 2.08% | 2.27% | 1.56% | 2.07% | 1.51% | 1.85% | 2.14% |
AVDV Avantis International Small Cap Value ETF | 2.99% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VXM.TO vs. AVDV - Drawdown Comparison
The maximum VXM.TO drawdown since its inception was -42.73%, which is greater than AVDV's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for VXM.TO and AVDV.
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Drawdown Indicators
| VXM.TO | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.73% | -43.01% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -13.19% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.47% | -28.08% | +13.61% |
Max Drawdown (10Y)Largest decline over 10 years | -42.73% | — | — |
Current DrawdownCurrent decline from peak | -5.87% | -9.19% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -6.88% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.14% | -0.59% |
Volatility
VXM.TO vs. AVDV - Volatility Comparison
The current volatility for CI Morningstar International Value CAD Hedged (VXM.TO) is 6.23%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 7.71%. This indicates that VXM.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
| VXM.TO | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 7.71% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 11.28% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 16.68% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 13.80% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 16.14% | +0.83% |