XEMC.TO vs. AVXC
XEMC.TO (iShares MSCI Emerging Markets ex China Index ETF) and AVXC (Avantis Emerging Markets ex-China Equity ETF) are both Emerging Markets Equities funds. XEMC.TO is passively managed, while AVXC is actively managed. Over the past year, XEMC.TO returned 51.28% vs 42.51% for AVXC. Their correlation of 0.81 means they have usually moved in the same direction. XEMC.TO charges 0.25%/yr vs 0.33%/yr for AVXC.
Performance
XEMC.TO vs. AVXC - Performance Comparison
Loading charts...
Different Trading Currencies
XEMC.TO is traded in CAD, while AVXC is traded in USD. To make them comparable, the AVXC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEMC.TO achieves a 30.13% return, which is significantly higher than AVXC's 24.69% return.
XEMC.TO
- 1D
- 1.10%
- 1M
- -11.02%
- 6M
- 19.48%
- YTD
- 30.13%
- 1Y
- 51.28%
- 3Y*
- 24.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.51%
AVXC
- 1D
- -0.50%
- 1M
- -7.63%
- 6M
- 16.41%
- YTD
- 24.69%
- 1Y
- 42.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$3.06M | CA$3.39M | CA$4.68M | |
| CA$942.73K | CA$1.56M | CA$3.52M |
XEMC.TO vs. AVXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF | 30.13% | 28.28% | 5.46% |
AVXC Avantis Emerging Markets ex-China Equity ETF | 24.69% | 25.44% | 5.17% |
Correlation
The correlation between XEMC.TO and AVXC is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.81 |
The correlation between XEMC.TO and AVXC has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XEMC.TO vs. AVXC — Risk / Return Rank
XEMC.TO
AVXC
XEMC.TO vs. AVXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China Index ETF (XEMC.TO) and Avantis Emerging Markets ex-China Equity ETF (AVXC). 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.
| XEMC.TO | AVXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.54 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.01 | 8.98 | +1.03 |
Loading charts...
Drawdowns
XEMC.TO vs. AVXC - Drawdown Comparison
The maximum XEMC.TO drawdown since its inception was -19.07%, which is greater than AVXC's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for XEMC.TO and AVXC.
Loading charts...
Drawdown Indicators
| XEMC.TO | AVXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -16.84% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -19.07% | -16.84% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | — | — |
Current DrawdownCurrent decline from peak | -14.42% | -13.60% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.80% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 4.75% | +0.39% |
Volatility
XEMC.TO vs. AVXC - Volatility Comparison
iShares MSCI Emerging Markets ex China Index ETF (XEMC.TO) has a higher volatility of 10.46% compared to Avantis Emerging Markets ex-China Equity ETF (AVXC) at 9.72%. This indicates that XEMC.TO's price experiences larger fluctuations and is considered to be riskier than AVXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XEMC.TO | AVXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.46% | 9.72% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | 23.70% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.73% | 25.40% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 21.12% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 21.12% | -3.08% |
XEMC.TO vs. AVXC - Expense Ratio Comparison
XEMC.TO has a 0.25% expense ratio, which is lower than AVXC's 0.33% expense ratio.
Dividends
XEMC.TO vs. AVXC - Dividend Comparison
XEMC.TO's dividend yield for the trailing twelve months is around 1.82%, more than AVXC's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVXC Avantis Emerging Markets ex-China Equity ETF | 1.73% | 1.97% | 1.34% | 0.00% |
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF | 1.82% | 2.48% | 2.28% | 1.67% |
Frequently Asked Questions
XEMC.TO and AVXC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEMC.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEMC.TO is cheaper with a 0.25% expense ratio, compared with 0.33% for AVXC.
They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for XEMC.TO and 0.33% for AVXC.
Find the right allocation for XEMC.TO and AVXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer