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XEC.TO vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEC.TO vs. AVUV

Last updated Jun 4, 2026

XEC.TO (iShares Core MSCI Emerging Markets IMI Index ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - XEC.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. XEC.TO is passively managed, while AVUV is actively managed. Over the past 5 years, XEC.TO returned 10.21%/yr vs 13.88%/yr for AVUV. At a 0.41 correlation, their price movements are largely independent. XEC.TO charges 0.28%/yr vs 0.25%/yr for AVUV.

Performance

XEC.TO vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEC.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, XEC.TO achieves a 27.92% return, which is significantly higher than AVUV's 19.47% return.

XEC.TO

1D
-0.88%
1M
10.15%
YTD
27.92%
6M
28.48%
1Y
54.44%
3Y*
24.69%
5Y*
10.21%
10Y*
10.71%

AVUV

1D
-0.57%
1M
3.23%
YTD
19.47%
6M
16.78%
1Y
38.24%
3Y*
20.63%
5Y*
13.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEC.TO vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEC.TO
iShares Core MSCI Emerging Markets IMI Index ETF		27.92%25.78%16.14%7.92%-14.68%-1.74%15.08%8.38%
AVUV
Avantis US Small Cap Value ETF		19.47%2.51%18.67%20.11%1.87%40.91%4.63%6.10%

Correlation

The correlation between XEC.TO and AVUV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.41

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

0.40

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

0.41

XEC.TO vs. AVUV - Sectors Allocation Comparison

Sectors
XEC.TO
AVUV

Technology

35.0%
7.0%

Financial Services

18.4%
25.8%

Consumer Cyclical

9.6%
18.0%

Industrials

9.0%
13.9%

Basic Materials

6.9%
4.9%

Communication Services

6.4%
2.8%

Energy

3.9%
18.2%

Healthcare

3.7%
4.2%

Consumer Defensive

3.3%
4.5%

Utilities

2.2%
0.1%

Real Estate

1.7%
0.7%

Technology

XEC.TO
35.0%
AVUV
7.0%

Financial Services

XEC.TO
18.4%
AVUV
25.8%

Consumer Cyclical

XEC.TO
9.6%
AVUV
18.0%

Industrials

XEC.TO
9.0%
AVUV
13.9%

Basic Materials

XEC.TO
6.9%
AVUV
4.9%

Communication Services

XEC.TO
6.4%
AVUV
2.8%

Energy

XEC.TO
3.9%
AVUV
18.2%

Healthcare

XEC.TO
3.7%
AVUV
4.2%

Consumer Defensive

XEC.TO
3.3%
AVUV
4.5%

Utilities

XEC.TO
2.2%
AVUV
0.1%

Real Estate

XEC.TO
1.7%
AVUV
0.7%

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 Emerging Markets IMI Index ETF

Avantis US Small Cap Value ETF

Often compared with XEC.TO:
XEC.TO vs. XEF.TOXEC.TO vs. VEE.TOXEC.TO vs. XEM.TOXEC.TO vs. ZEM.TOXEC.TO vs. XEQT.TOXEC.TO vs. VFV.TOXEC.TO vs. XIC.TO
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

XEC.TO vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEC.TO
XEC.TO Risk / Return Rank: 8686
Overall Rank
XEC.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XEC.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XEC.TO Omega Ratio Rank: 8888
Omega Ratio Rank
XEC.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
XEC.TO Martin Ratio Rank: 8383
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 6767
Overall Rank
AVUV Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 6363
Sortino Ratio Rank
AVUV Omega Ratio Rank: 5858
Omega Ratio Rank
AVUV Calmar Ratio Rank: 8484
Calmar Ratio Rank
AVUV Martin Ratio Rank: 7272
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI Index ETF (XEC.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.

XEC.TOAVUVDifference
Sharpe ratioReturn per unit of total volatility
3.01
2.22

+0.79

Sortino ratioReturn per unit of downside risk
3.86
3.13

+0.74

Omega ratioGain probability vs. loss probability

1.56

1.39

+0.18

Calmar ratioReturn relative to maximum drawdown

4.86

4.91

-0.05

Martin ratioReturn relative to average drawdown

17.00

16.91

+0.09

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

XEC.TO vs. AVUV - Sharpe Ratio Comparison

The current XEC.TO Sharpe Ratio is 3.01, which is higher than the AVUV Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XEC.TO and AVUV, 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

XEC.TOAVUVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.01

2.22

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.68

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.65

-0.13

Drawdowns

XEC.TO vs. AVUV - Drawdown Comparison

The maximum XEC.TO drawdown since its inception was -32.54%, smaller than the maximum AVUV drawdown of -44.29%. Use the drawdown chart below to compare losses from any high point for XEC.TO and AVUV.

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Drawdown Indicators

XEC.TOAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-32.54%

-44.29%

+11.75%

Max Drawdown (1Y)

Largest decline over 1 year

-11.25%

-7.82%

-3.43%

Max Drawdown (3Y)

Largest decline over 3 years

-15.07%

-27.37%

+12.30%

Max Drawdown (5Y)

Largest decline over 5 years

-29.14%

-27.37%

-1.77%

Max Drawdown (10Y)

Largest decline over 10 years

-32.54%

—

—

Current Drawdown

Current decline from peak

-0.88%

-0.57%

-0.31%

Average Drawdown

Average peak-to-trough decline

-9.56%

-6.88%

-2.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

2.27%

+0.94%

Volatility

XEC.TO vs. AVUV - Volatility Comparison

iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) has a higher volatility of 7.80% compared to Avantis US Small Cap Value ETF (AVUV) at 4.09%. This indicates that XEC.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.

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Volatility by Period

XEC.TOAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.80%

4.09%

+3.71%

Volatility (6M)

Calculated over the trailing 6-month period

15.85%

11.60%

+4.25%

Volatility (1Y)

Calculated over the trailing 1-year period

18.19%

17.36%

+0.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.91%

20.53%

-4.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.60%

25.67%

-8.07%

XEC.TO vs. AVUV - Expense Ratio Comparison

XEC.TO has a 0.28% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

XEC.TO vs. AVUV - Dividend Comparison

XEC.TO's dividend yield for the trailing twelve months is around 1.50%, more than AVUV's 1.29% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.29%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
XEC.TO
iShares Core MSCI Emerging Markets IMI Index ETF		1.50%1.92%2.03%2.16%2.28%2.78%1.64%2.87%2.66%2.13%1.80%2.19%

Frequently Asked Questions

XEC.TO and AVUV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AVUV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AVUV is cheaper with a 0.25% expense ratio, compared with 0.28% for XEC.TO.

XEC.TO is categorized as Emerging Markets Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.28% for XEC.TO and 0.25% for AVUV.

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