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XIC.TO vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIC.TO vs. AVDV

Last updated Jun 13, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XIC.TO is passively managed, while AVDV is actively managed. Over the past 5 years, XIC.TO returned 14.57%/yr vs 16.98%/yr for AVDV. A 0.69 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.36%/yr for AVDV.

Performance

XIC.TO vs. AVDV - Performance Comparison

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

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Different Trading Currencies

XIC.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

In the year-to-date period, XIC.TO achieves a 11.27% return, which is significantly lower than AVDV's 17.38% return.

XIC.TO

1D
0.79%
1M
2.89%
YTD
11.27%
6M
11.99%
1Y
34.40%
3Y*
23.86%
5Y*
14.57%
10Y*
12.79%

AVDV

1D
1.12%
1M
0.07%
YTD
17.38%
6M
18.91%
1Y
44.16%
3Y*
28.64%
5Y*
16.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		11.27%31.51%21.48%11.74%-5.82%23.43%5.61%2.54%
AVDV
Avantis International Small Cap Value ETF		17.44%42.55%17.87%14.07%-5.86%15.74%2.51%10.13%

Correlation

The correlation between XIC.TO and AVDV is 0.66, 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

0.66

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

0.65

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

0.68

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

0.69

The correlation between XIC.TO and AVDV has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

XIC.TO vs. AVDV - Sectors Allocation Comparison

Sectors
XIC.TO
AVDV

Financial Services

33.8%
13.7%

Basic Materials

17.7%
22.5%

Energy

17.3%
10.8%

Industrials

10.2%
21.3%

Technology

7.1%
6.4%

Consumer Cyclical

3.8%
14.4%

Consumer Defensive

2.8%
3.4%

Utilities

2.8%
1.7%

Communication Services

1.8%
2.0%

Real Estate

1.5%
1.1%

Healthcare

0.1%
2.1%

Financial Services

XIC.TO
33.8%
AVDV
13.7%

Basic Materials

XIC.TO
17.7%
AVDV
22.5%

Energy

XIC.TO
17.3%
AVDV
10.8%

Industrials

XIC.TO
10.2%
AVDV
21.3%

Technology

XIC.TO
7.1%
AVDV
6.4%

Consumer Cyclical

XIC.TO
3.8%
AVDV
14.4%

Consumer Defensive

XIC.TO
2.8%
AVDV
3.4%

Utilities

XIC.TO
2.8%
AVDV
1.7%

Communication Services

XIC.TO
1.8%
AVDV
2.0%

Real Estate

XIC.TO
1.5%
AVDV
1.1%

Healthcare

XIC.TO
0.1%
AVDV
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P/TSX Capped Composite Index ETF

Avantis International Small Cap Value ETF

Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

XIC.TO vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIC.TO
XIC.TO Risk / Return Rank: 8787
Overall Rank
XIC.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8787
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8989
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
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.

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

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

XIC.TOAVDVDifference
Sharpe ratioReturn per unit of total volatility
2.65
2.69

-0.05

Sortino ratioReturn per unit of downside risk
3.41
3.54

-0.14

Omega ratioGain probability vs. loss probability

1.47

1.47

+0.01

Calmar ratioReturn relative to maximum drawdown

3.72

3.46

+0.26

Martin ratioReturn relative to average drawdown

17.02

14.22

+2.80

XIC.TO vs. AVDV - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.65, which is comparable to the AVDV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of XIC.TO and AVDV, 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

XIC.TO vs. AVDV - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than AVDV's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XIC.TO and AVDV.

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Drawdown Indicators

XIC.TOAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-37.43%

-9.84%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-12.81%

+3.52%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-14.53%

+2.26%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-22.53%

+6.29%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

—

—

Current Drawdown

Current decline from peak

-0.75%

-1.00%

+0.25%

Average Drawdown

Average peak-to-trough decline

-6.73%

-5.01%

-1.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

3.12%

-1.09%

Volatility

XIC.TO vs. AVDV - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.53%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.40%. This indicates that XIC.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

XIC.TOAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

6.40%

-1.87%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

14.18%

-3.45%

Volatility (1Y)

Calculated over the trailing 1-year period

13.06%

16.48%

-3.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

18.25%

-5.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

20.45%

-5.47%

XIC.TO vs. AVDV - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

XIC.TO vs. AVDV - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.01%, less than AVDV's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.01%2.23%2.64%2.96%3.10%2.45%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

XIC.TO and AVDV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.36% for AVDV.

XIC.TO is categorized as Canada Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.06% for XIC.TO and 0.36% for AVDV.

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