XETM.TO vs. AVDV

Last updated Jun 24, 2026

XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XETM.TO is passively managed, while AVDV is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. XETM.TO charges 0.59%/yr vs 0.36%/yr for AVDV.

Performance

XETM.TO vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XETM.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

XETM.TO

• 1D: -4.74%
• 1M: -2.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDV

• 1D: -2.39%
• 1M: 0.89%
• YTD: 17.06%
• 6M: 16.05%
• 1Y: 45.09%
• 3Y*: 30.65%
• 5Y*: 17.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XETM.TO vs. AVDV - Yearly Performance Comparison

	2026 (YTD)
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF	-4.36%
AVDV Avantis International Small Cap Value ETF	9.60%

Correlation

The correlation between XETM.TO and AVDV is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.71

Return for Risk

XETM.TO vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XETM.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVDV

AVDV Risk / Return Rank: 74
AVDV Sharpe Ratio Rank: 81
AVDV Sortino Ratio Rank: 77
AVDV Omega Ratio Rank: 79
AVDV Calmar Ratio Rank: 65
AVDV Martin Ratio Rank: 69

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.

XETM.TO vs. AVDV - Risk-Adjusted Trends Comparison

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

	XETM.TO	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.72	—
Sortino ratio: Return per unit of downside risk	—	3.54	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.54	—
Martin ratio: Return relative to average drawdown	—	14.51	—

Drawdowns

XETM.TO vs. AVDV - Drawdown Comparison

The maximum XETM.TO drawdown since its inception was -25.13%, smaller than the maximum AVDV drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XETM.TO and AVDV.

Drawdown Indicators

	XETM.TO	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-37.43%	+12.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.53%	—
Current Drawdown Current decline from peak	-14.50%	-2.39%	-12.11%
Average Drawdown Average peak-to-trough decline	-9.20%	-5.00%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.12%	—

Volatility

Volatility by Period

	XETM.TO	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.11%	16.64%	+33.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.11%	18.25%	+31.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.11%	20.45%	+29.66%

XETM.TO vs. AVDV - Expense Ratio Comparison

XETM.TO has a 0.59% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

XETM.TO vs. AVDV - Dividend Comparison

XETM.TO has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 4.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	4.17%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XETM.TO and AVDV in my portfolio?

XETM.TO and AVDV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XETM.TO or AVDV?

On fees, AVDV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XETM.TO or AVDV?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.59% for XETM.TO.

What is the main difference between XETM.TO and AVDV?

XETM.TO is categorized as Materials, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.59% for XETM.TO and 0.36% for AVDV.