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

XDIV.TO vs. AVDE

Last updated Jun 14, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. XDIV.TO is passively managed, while AVDE is actively managed. Over the past 5 years, XDIV.TO returned 17.21%/yr vs 13.21%/yr for AVDE. A 0.57 correlation means they provide meaningful diversification when combined. XDIV.TO charges 0.11%/yr vs 0.23%/yr for AVDE.

Performance

XDIV.TO vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDIV.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, XDIV.TO achieves a 21.85% return, which is significantly higher than AVDE's 13.12% return.

XDIV.TO

1D
0.57%
1M
4.75%
YTD
21.85%
6M
20.22%
1Y
40.47%
3Y*
24.13%
5Y*
17.21%
10Y*
—

AVDE

1D
0.78%
1M
2.03%
YTD
13.12%
6M
14.02%
1Y
31.03%
3Y*
21.35%
5Y*
13.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV.TO vs. AVDE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		21.85%25.04%19.84%11.95%0.49%33.31%-7.53%2.07%
AVDE
Avantis International Equity ETF		13.12%31.74%13.76%14.40%-8.21%13.56%5.69%6.35%

Correlation

The correlation between XDIV.TO and AVDE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.57

The correlation between XDIV.TO and AVDE shifts across timeframes, from 0.38 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

XDIV.TO vs. AVDE - Sectors Allocation Comparison

Sectors
XDIV.TO
AVDE

Financial Services

46.7%
23.9%

Energy

28.8%
7.4%

Consumer Cyclical

11.5%
9.4%

Utilities

11.3%
4.0%

Technology

1.3%
8.0%

Communication Services

0.4%
4.1%

Basic Materials

-

11.4%

Consumer Defensive

-

4.3%

Healthcare

-

5.7%

Industrials

-

20.2%

Real Estate

-

1.5%

Financial Services

XDIV.TO
46.7%
AVDE
23.9%

Energy

XDIV.TO
28.8%
AVDE
7.4%

Consumer Cyclical

XDIV.TO
11.5%
AVDE
9.4%

Utilities

XDIV.TO
11.3%
AVDE
4.0%

Technology

XDIV.TO
1.3%
AVDE
8.0%

Communication Services

XDIV.TO
0.4%
AVDE
4.1%

Basic Materials

XDIV.TO

-

AVDE
11.4%

Consumer Defensive

XDIV.TO

-

AVDE
4.3%

Healthcare

XDIV.TO

-

AVDE
5.7%

Industrials

XDIV.TO

-

AVDE
20.2%

Real Estate

XDIV.TO

-

AVDE
1.5%

Compare stocks, funds, or ETFs

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iShares Core MSCI Canadian Quality Dividend Index ETF

Avantis International Equity ETF

Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO
Often compared with AVDE:
AVDE vs. VEAAVDE vs. AVDVAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV

Return for Risk

XDIV.TO vs. AVDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
AVDE
AVDE Risk / Return Rank: 5858
Overall Rank
AVDE Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
AVDE Sortino Ratio Rank: 6060
Sortino Ratio Rank
AVDE Omega Ratio Rank: 5959
Omega Ratio Rank
AVDE Calmar Ratio Rank: 5252
Calmar Ratio Rank
AVDE Martin Ratio Rank: 5858
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

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.

XDIV.TOAVDEDifference
Sharpe ratioReturn per unit of total volatility
5.14
1.89

+3.24

Sortino ratioReturn per unit of downside risk
7.59
2.64

+4.95

Omega ratioGain probability vs. loss probability

2.07

1.33

+0.74

Calmar ratioReturn relative to maximum drawdown

17.55

2.60

+14.95

Martin ratioReturn relative to average drawdown

59.35

10.36

+48.99

XDIV.TO vs. AVDE - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.14, which is higher than the AVDE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XDIV.TO and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XDIV.TO vs. AVDE - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than AVDE's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and AVDE.

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Drawdown Indicators

XDIV.TOAVDEDifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-31.83%

-9.46%

Max Drawdown (1Y)

Largest decline over 1 year

-2.32%

-11.26%

+8.94%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-13.88%

+3.35%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-22.94%

+5.61%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.39%

-4.42%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

2.83%

-2.14%

Volatility

XDIV.TO vs. AVDE - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.47%, while Avantis International Equity ETF (AVDE) has a volatility of 5.72%. This indicates that XDIV.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

XDIV.TOAVDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

5.72%

-3.25%

Volatility (6M)

Calculated over the trailing 6-month period

6.45%

13.15%

-6.70%

Volatility (1Y)

Calculated over the trailing 1-year period

7.95%

15.48%

-7.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

17.37%

-6.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.33%

19.86%

-3.53%

XDIV.TO vs. AVDE - Expense Ratio Comparison

XDIV.TO has a 0.11% 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%.

Dividends

XDIV.TO vs. AVDE - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, less than AVDE's 3.84% yield.

PositionTTM202520242023202220212020201920182017
AVDE
Avantis International Equity ETF		3.84%2.66%3.29%3.01%2.79%2.46%1.63%0.29%0.00%0.00%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%

Frequently Asked Questions

XDIV.TO and AVDE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.23% for AVDE.

XDIV.TO is categorized as Dividend, while AVDE is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.11% for XDIV.TO and 0.23% for AVDE.

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