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

XEG.TO vs. AVDE

Last updated Jun 14, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. XEG.TO is passively managed, while AVDE is actively managed. Over the past 5 years, XEG.TO returned 28.03%/yr vs 13.21%/yr for AVDE. At a 0.38 correlation, their price movements are largely independent. XEG.TO charges 0.60%/yr vs 0.23%/yr for AVDE.

Performance

XEG.TO vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.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

XEG.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, XEG.TO achieves a 38.53% return, which is significantly higher than AVDE's 13.12% return.

XEG.TO

1D
-0.41%
1M
-3.89%
YTD
38.53%
6M
37.54%
1Y
51.12%
3Y*
26.37%
5Y*
28.03%
10Y*
11.69%

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)

XEG.TO vs. AVDE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		38.53%16.72%14.04%3.55%53.25%83.71%-34.44%5.68%
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 XEG.TO and AVDE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.07

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

0.21

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

0.31

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

0.38

The correlation between XEG.TO and AVDE shifts across timeframes, from -0.07 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

XEG.TO vs. AVDE - Sectors Allocation Comparison

Sectors
XEG.TO
AVDE

Energy

100.0%
7.4%

Basic Materials

-

11.4%

Communication Services

-

4.1%

Consumer Cyclical

-

9.4%

Consumer Defensive

-

4.3%

Financial Services

-

23.9%

Healthcare

-

5.7%

Industrials

-

20.2%

Real Estate

-

1.5%

Technology

-

8.0%

Utilities

-

4.0%

Energy

XEG.TO
100.0%
AVDE
7.4%

Basic Materials

XEG.TO

-

AVDE
11.4%

Communication Services

XEG.TO

-

AVDE
4.1%

Consumer Cyclical

XEG.TO

-

AVDE
9.4%

Consumer Defensive

XEG.TO

-

AVDE
4.3%

Financial Services

XEG.TO

-

AVDE
23.9%

Healthcare

XEG.TO

-

AVDE
5.7%

Industrials

XEG.TO

-

AVDE
20.2%

Real Estate

XEG.TO

-

AVDE
1.5%

Technology

XEG.TO

-

AVDE
8.0%

Utilities

XEG.TO

-

AVDE
4.0%

Compare stocks, funds, or ETFs

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iShares S&P/TSX Capped Energy Index ETF

Avantis International Equity ETF

Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO
Often compared with AVDE:
AVDE vs. VEAAVDE vs. AVDVAVDE vs. VXUSAVDE vs. DFAIAVDE vs. AVEMAVDE vs. AVNMAVDE vs. DFIV

Return for Risk

XEG.TO vs. AVDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEG.TO
XEG.TO Risk / Return Rank: 8282
Overall Rank
XEG.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8383
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.

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

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

XEG.TOAVDEDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.89

+0.52

Sortino ratioReturn per unit of downside risk
2.93
2.64

+0.29

Omega ratioGain probability vs. loss probability

1.39

1.33

+0.06

Calmar ratioReturn relative to maximum drawdown

5.04

2.60

+2.44

Martin ratioReturn relative to average drawdown

14.38

10.36

+4.02

XEG.TO vs. AVDE - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 2.41, which is comparable to the AVDE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XEG.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

XEG.TO vs. AVDE - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than AVDE's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for XEG.TO and AVDE.

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Drawdown Indicators

XEG.TOAVDEDifference

Max Drawdown

Largest peak-to-trough decline

-87.51%

-31.83%

-55.68%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-11.26%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-25.67%

-13.88%

-11.79%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-22.94%

-5.48%

Max Drawdown (10Y)

Largest decline over 10 years

-79.66%

—

—

Current Drawdown

Current decline from peak

-7.87%

0.00%

-7.87%

Average Drawdown

Average peak-to-trough decline

-34.55%

-4.42%

-30.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

2.83%

+1.06%

Volatility

XEG.TO vs. AVDE - Volatility Comparison

iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.11% compared to Avantis International Equity ETF (AVDE) at 5.72%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier 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

XEG.TOAVDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.11%

5.72%

+3.39%

Volatility (6M)

Calculated over the trailing 6-month period

19.65%

13.15%

+6.50%

Volatility (1Y)

Calculated over the trailing 1-year period

23.30%

15.48%

+7.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.72%

17.37%

+11.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.40%

19.86%

+13.54%

XEG.TO vs. AVDE - Expense Ratio Comparison

XEG.TO has a 0.60% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

XEG.TO vs. AVDE - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.76%, less than AVDE's 3.84% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.76%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

XEG.TO and AVDE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AVDE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AVDE is cheaper with a 0.23% expense ratio, compared with 0.60% for XEG.TO.

XEG.TO is categorized as Energy Equities, while AVDE is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.60% for XEG.TO and 0.23% for AVDE.

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