PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XCS.TO vs. AVUV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XCS.TO vs. AVUV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares S&P/TSX SmallCap Index ETF (XCS.TO) and Avantis US Small Cap Value ETF (AVUV).

XCS.TO and AVUV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCS.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada Sml GR CAD. It was launched on May 14, 2007. AVUV is a passively managed fund by Avantis that tracks the performance of the Russell 2000 Value. It was launched on Sep 24, 2019. Both XCS.TO and AVUV 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

XCS.TO vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX SmallCap Index ETF (XCS.TO) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

XCS.TO vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XCS.TO
iShares S&P/TSX SmallCap Index ETF		11.18%43.37%18.11%4.17%-8.95%7.46%13.10%4.29%
AVUV
Avantis US Small Cap Value ETF		10.07%2.51%18.67%20.11%1.87%40.91%4.63%6.10%
Different Trading Currencies

XCS.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, XCS.TO achieves a 11.18% return, which is significantly higher than AVUV's 10.07% return.

XCS.TO

1D
3.12%
1M
-9.03%
YTD
11.18%
6M
17.78%
1Y
58.25%
3Y*
23.53%
5Y*
11.40%
10Y*
10.37%

AVUV

1D
1.92%
1M
-0.03%
YTD
10.07%
6M
11.58%
1Y
24.43%
3Y*
17.30%
5Y*
12.68%
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.

iShares S&P/TSX SmallCap Index ETF

Avantis US Small Cap Value ETF

Often compared with XCS.TO:
XCS.TO vs. XCV.TOXCS.TO vs. XCSR.TOXCS.TO vs. XMD.TOXCS.TO vs. VBRXCS.TO vs. XEI.TOXCS.TO vs. XUS.TOXCS.TO vs. VEQT.TO
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. VIOVAVUV vs. DFSVAVUV vs. AVUVX

XCS.TO vs. AVUV - Expense Ratio Comparison

XCS.TO has a 0.60% expense ratio, which is higher than AVUV's 0.25% expense ratio.

XCS.TO
iShares S&P/TSX SmallCap Index ETF
AVUV
Avantis US Small Cap Value ETF

Return for Risk

XCS.TO vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCS.TO
XCS.TO Risk / Return Rank: 9494
Overall Rank
XCS.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
XCS.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
XCS.TO Omega Ratio Rank: 9494
Omega Ratio Rank
XCS.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XCS.TO Martin Ratio Rank: 9494
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 7474
Overall Rank
AVUV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 7575
Sortino Ratio Rank
AVUV Omega Ratio Rank: 7171
Omega Ratio Rank
AVUV Calmar Ratio Rank: 7676
Calmar Ratio Rank
AVUV Martin Ratio Rank: 7676
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX SmallCap Index ETF (XCS.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.

XCS.TOAVUVDifference

Sharpe ratio

Return per unit of total volatility

2.41

1.05

+1.36

Sortino ratio

Return per unit of downside risk

2.84

1.51

+1.33

Omega ratio

Gain probability vs. loss probability

1.44

1.21

+0.23

Calmar ratio

Return relative to maximum drawdown

4.03

1.65

+2.38

Martin ratio

Return relative to average drawdown

14.05

5.96

+8.09

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

XCS.TO vs. AVUV - Sharpe Ratio Comparison

The current XCS.TO Sharpe Ratio is 2.41, which is higher than the AVUV Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of XCS.TO and AVUV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

XCS.TOAVUVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

1.05

+1.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.61

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.60

-0.39

Correlation

The correlation between XCS.TO and AVUV is 0.55, 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

XCS.TO vs. AVUV - Dividend Comparison

XCS.TO's dividend yield for the trailing twelve months is around 1.14%, less than AVUV's 1.41% yield.

TTM20252024202320222021202020192018201720162015
XCS.TO
iShares S&P/TSX SmallCap Index ETF		1.14%1.36%1.73%2.59%2.07%1.51%1.78%2.27%2.12%1.81%1.46%2.34%
AVUV
Avantis US Small Cap Value ETF		1.41%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%

Drawdowns

XCS.TO vs. AVUV - Drawdown Comparison

The maximum XCS.TO drawdown since its inception was -61.18%, which is greater than AVUV's maximum drawdown of -44.29%. Use the drawdown chart below to compare losses from any high point for XCS.TO and AVUV.

Loading graphics...

Drawdown Indicators

XCS.TOAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-61.18%

-49.42%

-11.76%

Max Drawdown (1Y)

Largest decline over 1 year

-14.58%

-15.43%

+0.85%

Max Drawdown (5Y)

Largest decline over 5 years

-34.63%

-28.79%

-5.84%

Max Drawdown (10Y)

Largest decline over 10 years

-50.44%

—

—

Current Drawdown

Current decline from peak

-9.66%

-4.14%

-5.52%

Average Drawdown

Average peak-to-trough decline

-17.08%

-8.14%

-8.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.18%

3.91%

+0.27%

Volatility

XCS.TO vs. AVUV - Volatility Comparison

iShares S&P/TSX SmallCap Index ETF (XCS.TO) has a higher volatility of 8.78% compared to Avantis US Small Cap Value ETF (AVUV) at 5.82%. This indicates that XCS.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.

Loading graphics...

Volatility by Period

XCS.TOAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.78%

5.82%

+2.96%

Volatility (6M)

Calculated over the trailing 6-month period

19.82%

13.33%

+6.49%

Volatility (1Y)

Calculated over the trailing 1-year period

24.32%

23.48%

+0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.42%

20.73%

-0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.49%

25.93%

-5.44%