XEF-U.TO vs. AVDV
XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XEF-U.TO is a Global Equities fund tracking the MSCI EAFE® Investable Market Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XEF-U.TO is passively managed, while AVDV is actively managed. Over the past 5 years, XEF-U.TO returned 8.67%/yr vs 13.53%/yr for AVDV. At a 0.48 correlation, their price movements are largely independent. XEF-U.TO charges 0.21%/yr vs 0.36%/yr for AVDV.
Performance
XEF-U.TO vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, XEF-U.TO achieves a 9.71% return, which is significantly lower than AVDV's 11.24% return.
XEF-U.TO
- 1D
- 0.58%
- 1M
- 0.04%
- YTD
- 9.71%
- 6M
- 9.26%
- 1Y
- 19.86%
- 3Y*
- 16.27%
- 5Y*
- 8.67%
- 10Y*
- 6.52%
AVDV
- 1D
- -0.26%
- 1M
- -5.27%
- YTD
- 11.24%
- 6M
- 10.69%
- 1Y
- 33.89%
- 3Y*
- 25.77%
- 5Y*
- 13.53%
- 10Y*
- —
XEF-U.TO vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 9.71% | 31.70% | 3.03% | 16.71% | -14.95% | 11.35% | 10.30% | -19.49% |
AVDV Avantis International Small Cap Value ETF | 11.24% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 11.78% |
Correlation
The correlation between XEF-U.TO and AVDV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.48 |
Over the past year, XEF-U.TO and AVDV have become more correlated (0.83) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
XEF-U.TO vs. AVDV — Risk / Return Rank
XEF-U.TO
AVDV
XEF-U.TO vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF-U.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.
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.
| XEF-U.TO | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.58 | -0.84 |
| Martin ratioReturn relative to average drawdown | 6.64 | 10.05 | -3.41 |
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Drawdowns
XEF-U.TO vs. AVDV - Drawdown Comparison
The maximum XEF-U.TO drawdown since its inception was -46.92%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and AVDV.
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Drawdown Indicators
| XEF-U.TO | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.92% | -43.01% | -3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -13.19% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -14.17% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -28.08% | -2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -46.92% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -5.42% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -6.74% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.38% | -0.37% |
Volatility
XEF-U.TO vs. AVDV - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) is 4.99%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.82%. This indicates that XEF-U.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
| XEF-U.TO | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 5.82% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 14.13% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 16.37% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 17.41% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 19.74% | -2.29% |
XEF-U.TO vs. AVDV - Expense Ratio Comparison
XEF-U.TO has a 0.21% expense ratio, which is lower than AVDV's 0.36% expense ratio.
Dividends
XEF-U.TO vs. AVDV - Dividend Comparison
XEF-U.TO's dividend yield for the trailing twelve months is around 2.36%, less than AVDV's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.84% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 2.36% | 2.44% | 2.85% | 2.76% | 2.98% | 2.43% | 1.86% | 2.72% | 2.07% | 1.62% | 1.84% | 1.86% |
Frequently Asked Questions
XEF-U.TO and AVDV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF-U.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF-U.TO is cheaper with a 0.21% expense ratio, compared with 0.36% for AVDV.
XEF-U.TO is categorized as Global Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.21% for XEF-U.TO and 0.36% for AVDV.
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