XFN.TO vs. AVUS

Last updated Jun 14, 2026

XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and AVUS (Avantis U.S. Equity ETF) are both exchange-traded funds - XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while AVUS is a Large Cap Blend Equities fund actively managed by Avantis. XFN.TO is passively managed, while AVUS is actively managed. Over the past 5 years, XFN.TO returned 18.22%/yr vs 16.18%/yr for AVUS. A 0.65 correlation means they provide meaningful diversification when combined. XFN.TO charges 0.61%/yr vs 0.15%/yr for AVUS.

Performance

XFN.TO vs. AVUS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and Avantis U.S. Equity ETF (AVUS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XFN.TO is traded in CAD, while AVUS is traded in USD. To make them comparable, the AVUS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XFN.TO achieves a 17.97% return, which is significantly higher than AVUS's 16.25% return.

XFN.TO

• 1D: 0.81%
• 1M: 7.31%
• YTD: 17.97%
• 6M: 19.57%
• 1Y: 49.33%
• 3Y*: 31.45%
• 5Y*: 18.22%
• 10Y*: 15.21%

AVUS

• 1D: 0.84%
• 1M: 4.02%
• YTD: 16.25%
• 6M: 15.50%
• 1Y: 35.47%
• 3Y*: 23.00%
• 5Y*: 16.18%
• 10Y*: —

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

XFN.TO vs. AVUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XFN.TO iShares S&P/TSX Capped Financials Index ETF	17.97%	34.40%	29.32%	13.09%	-9.92%	35.57%	0.99%	1.34%
AVUS Avantis U.S. Equity ETF	16.25%	11.35%	30.63%	18.87%	-8.35%	28.67%	14.79%	6.94%

Correlation

The correlation between XFN.TO and AVUS is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.65

The correlation between XFN.TO and AVUS has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.

XFN.TO vs. AVUS - Sectors Allocation Comparison

Sectors	XFN.TO	AVUS
Financial Services	100.0%	14.5%
Basic Materials	-	2.6%
Communication Services	-	9.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	4.2%
Energy	-	6.8%
Healthcare	-	7.0%
Industrials	-	11.2%
Real Estate	-	0.1%
Technology	-	30.5%
Utilities	-	2.3%

Return for Risk

XFN.TO vs. AVUS — Risk / Return Rank

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

XFN.TO

XFN.TO Risk / Return Rank: 95
XFN.TO Sharpe Ratio Rank: 97
XFN.TO Sortino Ratio Rank: 97
XFN.TO Omega Ratio Rank: 96
XFN.TO Calmar Ratio Rank: 94
XFN.TO Martin Ratio Rank: 95

AVUS

AVUS Risk / Return Rank: 85
AVUS Sharpe Ratio Rank: 86
AVUS Sortino Ratio Rank: 84
AVUS Omega Ratio Rank: 84
AVUS Calmar Ratio Rank: 83
AVUS Martin Ratio Rank: 89

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.

XFN.TO vs. AVUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and Avantis U.S. Equity ETF (AVUS). 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.

	XFN.TO	AVUS	Difference
Sharpe ratio: Return per unit of total volatility	3.95	2.55	+1.40
Sortino ratio: Return per unit of downside risk	5.49	3.51	+1.98
Omega ratio: Gain probability vs. loss probability	1.70	1.44	+0.26
Calmar ratio: Return relative to maximum drawdown	6.20	5.13	+1.07
Martin ratio: Return relative to average drawdown	25.03	20.19	+4.84

XFN.TO vs. AVUS - Sharpe Ratio Comparison

The current XFN.TO Sharpe Ratio is 3.95, which is higher than the AVUS Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of XFN.TO and AVUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XFN.TO vs. AVUS - Drawdown Comparison

The maximum XFN.TO drawdown since its inception was -55.53%, which is greater than AVUS's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for XFN.TO and AVUS.

Drawdown Indicators

	XFN.TO	AVUS	Difference
Max Drawdown Largest peak-to-trough decline	-55.53%	-31.45%	-24.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-6.51%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-12.37%	-20.61%	+8.24%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-20.61%	-1.29%
Max Drawdown (10Y) Largest decline over 10 years	-39.93%	—	—
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-6.95%	-4.21%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.66%	+0.27%

Volatility

XFN.TO vs. AVUS - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) is 4.08%, while Avantis U.S. Equity ETF (AVUS) has a volatility of 4.58%. This indicates that XFN.TO experiences smaller price fluctuations and is considered to be less risky than AVUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFN.TO	AVUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.58%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	10.14%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	13.09%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	18.28%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	21.80%	-5.26%

XFN.TO vs. AVUS - Expense Ratio Comparison

XFN.TO has a 0.61% expense ratio, which is higher than AVUS's 0.15% expense ratio.

Dividends

XFN.TO vs. AVUS - Dividend Comparison

XFN.TO's dividend yield for the trailing twelve months is around 2.07%, more than AVUS's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUS Avantis U.S. Equity ETF	1.18%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%	0.00%	0.00%
XFN.TO iShares S&P/TSX Capped Financials Index ETF	2.07%	2.39%	3.16%	3.60%	3.48%	2.67%	3.35%	3.00%	3.43%	2.73%	2.83%	3.17%

Frequently Asked Questions

Can I hold both XFN.TO and AVUS in my portfolio?

XFN.TO and AVUS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XFN.TO or AVUS?

On fees, AVUS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XFN.TO or AVUS?

AVUS is cheaper with a 0.15% expense ratio, compared with 0.61% for XFN.TO.

What is the main difference between XFN.TO and AVUS?

XFN.TO is categorized as Financials Equities, while AVUS is Large Cap Blend Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.61% for XFN.TO and 0.15% for AVUS.