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

XDIV.TO vs. AVDV

Last updated Jun 9, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XDIV.TO is passively managed, while AVDV is actively managed. Over the past 5 years, XDIV.TO returned 16.85%/yr vs 16.56%/yr for AVDV. A 0.55 correlation means they provide meaningful diversification when combined. XDIV.TO charges 0.11%/yr vs 0.36%/yr for AVDV.

Performance

XDIV.TO vs. AVDV - 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 Small Cap Value ETF (AVDV). 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 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, XDIV.TO achieves a 19.75% return, which is significantly higher than AVDV's 15.25% return.

XDIV.TO

1D
0.12%
1M
3.88%
YTD
19.75%
6M
19.03%
1Y
39.58%
3Y*
23.46%
5Y*
16.85%
10Y*
—

AVDV

1D
0.50%
1M
-0.95%
YTD
15.25%
6M
17.17%
1Y
42.96%
3Y*
28.41%
5Y*
16.56%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV.TO vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.75%25.04%19.84%11.95%0.49%33.31%-7.53%2.02%
AVDV
Avantis International Small Cap Value ETF		15.29%42.55%17.87%14.07%-5.86%15.74%2.51%10.39%

Correlation

The correlation between XDIV.TO and AVDV 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

0.50

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

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.55

The correlation between XDIV.TO and AVDV shifts across timeframes, from 0.38 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

XDIV.TO vs. AVDV - Sectors Allocation Comparison

Sectors
XDIV.TO
AVDV

Financial Services

46.7%
13.7%

Energy

28.8%
10.8%

Consumer Cyclical

11.5%
14.4%

Utilities

11.3%
1.7%

Technology

1.3%
6.4%

Communication Services

0.4%
2.0%

Basic Materials

-

22.5%

Consumer Defensive

-

3.4%

Healthcare

-

2.1%

Industrials

-

21.3%

Real Estate

-

1.1%

Financial Services

XDIV.TO
46.7%
AVDV
13.7%

Energy

XDIV.TO
28.8%
AVDV
10.8%

Consumer Cyclical

XDIV.TO
11.5%
AVDV
14.4%

Utilities

XDIV.TO
11.3%
AVDV
1.7%

Technology

XDIV.TO
1.3%
AVDV
6.4%

Communication Services

XDIV.TO
0.4%
AVDV
2.0%

Basic Materials

XDIV.TO

-

AVDV
22.5%

Consumer Defensive

XDIV.TO

-

AVDV
3.4%

Healthcare

XDIV.TO

-

AVDV
2.1%

Industrials

XDIV.TO

-

AVDV
21.3%

Real Estate

XDIV.TO

-

AVDV
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Canadian Quality Dividend Index ETF

Avantis International Small Cap Value 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 AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

XDIV.TO vs. AVDV — 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
AVDV
AVDV Risk / Return Rank: 7979
Overall Rank
AVDV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8383
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8484
Omega Ratio Rank
AVDV Calmar Ratio Rank: 6767
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7373
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. AVDV - 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 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.

XDIV.TOAVDVDifference
Sharpe ratioReturn per unit of total volatility
5.04
2.68

+2.36

Sortino ratioReturn per unit of downside risk
7.43
3.50

+3.93

Omega ratioGain probability vs. loss probability

2.05

1.47

+0.59

Calmar ratioReturn relative to maximum drawdown

17.11

3.37

+13.74

Martin ratioReturn relative to average drawdown

57.96

13.91

+44.04

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

XDIV.TO vs. AVDV - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.04, which is higher than the AVDV Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of XDIV.TO and AVDV, 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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Sharpe Ratios by Period

XDIV.TOAVDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.04

2.68

+2.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.61

0.92

+0.70

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.79

+0.02

Drawdowns

XDIV.TO vs. AVDV - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than AVDV's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and AVDV.

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Drawdown Indicators

XDIV.TOAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-37.43%

-3.86%

Max Drawdown (1Y)

Largest decline over 1 year

-2.32%

-12.81%

+10.49%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-14.53%

+4.00%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-22.53%

+5.20%

Current Drawdown

Current decline from peak

-0.44%

-2.80%

+2.36%

Average Drawdown

Average peak-to-trough decline

-4.40%

-5.02%

+0.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.68%

3.10%

-2.42%

Volatility

XDIV.TO vs. AVDV - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.57%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.70%. This indicates that XDIV.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

XDIV.TOAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

5.70%

-3.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.39%

13.84%

-7.45%

Volatility (1Y)

Calculated over the trailing 1-year period

7.91%

16.16%

-8.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

18.19%

-7.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.35%

20.44%

-4.09%

XDIV.TO vs. AVDV - Expense Ratio Comparison

XDIV.TO has a 0.11% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

XDIV.TO vs. AVDV - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.31%, more than AVDV's 2.81% yield.

PositionTTM202520242023202220212020201920182017
AVDV
Avantis International Small Cap Value ETF		2.81%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.31%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%

Frequently Asked Questions

XDIV.TO and AVDV 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 0.36% for AVDV.

XDIV.TO is categorized as Dividend, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.11% for XDIV.TO and 0.36% for AVDV.

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