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

XQQ.TO vs. AVDV

Last updated Jun 13, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XQQ.TO is passively managed, while AVDV is actively managed. Over the past 5 years, XQQ.TO returned 14.20%/yr vs 16.98%/yr for AVDV. A 0.54 correlation means they provide meaningful diversification when combined. XQQ.TO charges 0.39%/yr vs 0.36%/yr for AVDV.

Performance

XQQ.TO vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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

XQQ.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, XQQ.TO achieves a 16.05% return, which is significantly lower than AVDV's 17.38% return.

XQQ.TO

1D
0.70%
1M
0.89%
YTD
16.05%
6M
13.71%
1Y
29.88%
3Y*
23.64%
5Y*
14.20%
10Y*
20.22%

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)

XQQ.TO vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		16.05%15.77%24.69%53.25%-33.13%22.76%46.12%12.17%
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 XQQ.TO and AVDV is 0.55, 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

0.55

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

0.47

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

0.53

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

0.54

The correlation between XQQ.TO and AVDV has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

XQQ.TO vs. AVDV - Sectors Allocation Comparison

Sectors
XQQ.TO
AVDV

Technology

53.7%
6.4%

Communication Services

15.8%
2.0%

Consumer Cyclical

12.2%
14.4%

Consumer Defensive

7.7%
3.4%

Healthcare

4.2%
2.1%

Industrials

3.1%
21.3%

Utilities

1.4%
1.7%

Basic Materials

1.1%
22.5%

Energy

0.6%
10.8%

Financial Services

0.2%
13.7%

Real Estate

0.1%
1.1%

Technology

XQQ.TO
53.7%
AVDV
6.4%

Communication Services

XQQ.TO
15.8%
AVDV
2.0%

Consumer Cyclical

XQQ.TO
12.2%
AVDV
14.4%

Consumer Defensive

XQQ.TO
7.7%
AVDV
3.4%

Healthcare

XQQ.TO
4.2%
AVDV
2.1%

Industrials

XQQ.TO
3.1%
AVDV
21.3%

Utilities

XQQ.TO
1.4%
AVDV
1.7%

Basic Materials

XQQ.TO
1.1%
AVDV
22.5%

Energy

XQQ.TO
0.6%
AVDV
10.8%

Financial Services

XQQ.TO
0.2%
AVDV
13.7%

Real Estate

XQQ.TO
0.1%
AVDV
1.1%

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

Avantis International Small Cap Value ETF

Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

XQQ.TO vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQQ.TO
XQQ.TO Risk / Return Rank: 5353
Overall Rank
XQQ.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 5757
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 4747
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.

XQQ.TOAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.75
2.69

-0.95

Sortino ratioReturn per unit of downside risk
2.30
3.54

-1.24

Omega ratioGain probability vs. loss probability

1.31

1.47

-0.16

Calmar ratioReturn relative to maximum drawdown

2.05

3.46

-1.42

Martin ratioReturn relative to average drawdown

6.78

14.22

-7.44

XQQ.TO vs. AVDV - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.75, which is lower than the AVDV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of XQQ.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

XQQ.TO vs. AVDV - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, roughly equal to the maximum AVDV drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and AVDV.

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Drawdown Indicators

XQQ.TOAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-37.43%

-0.82%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-12.81%

-1.87%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-14.53%

-8.19%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-22.53%

-15.72%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

—

—

Current Drawdown

Current decline from peak

-3.39%

-1.00%

-2.39%

Average Drawdown

Average peak-to-trough decline

-5.96%

-5.01%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.42%

3.12%

+1.30%

Volatility

XQQ.TO vs. AVDV - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 7.44% compared to Avantis International Small Cap Value ETF (AVDV) at 6.40%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier 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

XQQ.TOAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

6.40%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

13.89%

14.18%

-0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

17.20%

16.48%

+0.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.73%

18.25%

+4.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.51%

20.45%

+2.06%

XQQ.TO vs. AVDV - Expense Ratio Comparison

XQQ.TO has a 0.39% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

XQQ.TO vs. AVDV - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, 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%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.22%0.25%0.67%0.93%1.27%0.52%0.80%1.44%1.61%1.64%2.35%1.93%

Frequently Asked Questions

XQQ.TO and AVDV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.39% for XQQ.TO.

XQQ.TO is categorized as Nasdaq-100, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.39% for XQQ.TO and 0.36% for AVDV.

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