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

XSU.TO vs. AVDV

Last updated Jul 16, 2026
Documentation

XSU.TO (iShares U.S. Small Cap Index ETF (CAD-Hedged)) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - XSU.TO is a Small Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. XSU.TO is passively managed, while AVDV is actively managed. Over the past 5 years, XSU.TO returned 5.97%/yr vs 16.80%/yr for AVDV. A 0.66 correlation means they provide meaningful diversification when combined. XSU.TO charges 0.35%/yr vs 0.36%/yr for AVDV.

Performance

XSU.TO vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.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

XSU.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, XSU.TO achieves a 19.18% return, which is significantly higher than AVDV's 16.21% return.

XSU.TO

1D
0.45%
1M
0.48%
6M
11.44%
YTD
19.18%
1Y
33.39%
3Y*
14.73%
5Y*
5.97%
10Y*
8.91%

AVDV

1D
0.05%
1M
-2.06%
6M
9.46%
YTD
16.21%
1Y
38.47%
3Y*
27.80%
5Y*
16.80%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSU.TO vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		19.18%10.50%9.67%14.70%-21.69%12.78%15.72%7.91%
AVDV
Avantis International Small Cap Value ETF		16.21%42.55%17.87%14.07%-5.86%15.74%2.51%10.13%

Correlation

The correlation between XSU.TO and AVDV is 0.63, 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

0.63

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

0.60

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

0.64

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

0.66

The correlation between XSU.TO and AVDV has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

XSU.TO vs. AVDV - Sectors Allocation Comparison

Sectors
XSU.TO
AVDV

Technology

19.1%
6.6%

Industrials

18.0%
22.8%

Healthcare

16.3%
2.3%

Financial Services

15.3%
13.6%

Consumer Cyclical

8.0%
15.4%

Real Estate

5.9%
1.3%

Energy

5.4%
9.6%

Basic Materials

4.7%
21.0%

Utilities

2.7%
1.7%

Communication Services

2.4%
2.4%

Consumer Defensive

2.3%
3.4%

Technology

XSU.TO
19.1%
AVDV
6.6%

Industrials

XSU.TO
18.0%
AVDV
22.8%

Healthcare

XSU.TO
16.3%
AVDV
2.3%

Financial Services

XSU.TO
15.3%
AVDV
13.6%

Consumer Cyclical

XSU.TO
8.0%
AVDV
15.4%

Real Estate

XSU.TO
5.9%
AVDV
1.3%

Energy

XSU.TO
5.4%
AVDV
9.6%

Basic Materials

XSU.TO
4.7%
AVDV
21.0%

Utilities

XSU.TO
2.7%
AVDV
1.7%

Communication Services

XSU.TO
2.4%
AVDV
2.4%

Consumer Defensive

XSU.TO
2.3%
AVDV
3.4%

Compare stocks, funds, or ETFs

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

iShares U.S. Small Cap Index ETF (CAD-Hedged)

Avantis International Small Cap Value ETF

Often compared with XSU.TO:
XSU.TO vs. XUS.TOXSU.TO vs. IWMXSU.TO vs. AVUVXSU.TO vs. XSP.TOXSU.TO vs. XSMH.TOXSU.TO vs. XEQT.TOXSU.TO vs. XSMC.TO
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. AVUVAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. AVIV

Return for Risk

XSU.TO vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSU.TO
XSU.TO Risk / Return Rank: 6666
Overall Rank
XSU.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XSU.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
XSU.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XSU.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XSU.TO Martin Ratio Rank: 7070
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 7676
Overall Rank
AVDV Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8181
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8181
Omega Ratio Rank
AVDV Calmar Ratio Rank: 6767
Calmar Ratio Rank
AVDV Martin Ratio Rank: 6969
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.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.

XSU.TOAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.69
2.32

-0.63

Sortino ratioReturn per unit of downside risk
2.43
3.07

-0.64

Omega ratioGain probability vs. loss probability

1.29

1.40

-0.11

Calmar ratioReturn relative to maximum drawdown

2.89

3.02

-0.13

Martin ratioReturn relative to average drawdown

10.28

12.02

-1.74

XSU.TO vs. AVDV - Sharpe Ratio Comparison

The current XSU.TO Sharpe Ratio is 1.69, which is comparable to the AVDV Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of XSU.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

XSU.TO vs. AVDV - Drawdown Comparison

The maximum XSU.TO drawdown since its inception was -62.61%, which is greater than AVDV's maximum drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for XSU.TO and AVDV.

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Drawdown Indicators

XSU.TOAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-62.61%

-37.43%

-25.18%

Max Drawdown (1Y)

Largest decline over 1 year

-11.60%

-12.81%

+1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-28.16%

-14.53%

-13.63%

Max Drawdown (5Y)

Largest decline over 5 years

-34.00%

-22.53%

-11.47%

Max Drawdown (10Y)

Largest decline over 10 years

-44.60%

—

—

Current Drawdown

Current decline from peak

-1.56%

-3.10%

+1.54%

Average Drawdown

Average peak-to-trough decline

-13.64%

-4.98%

-8.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

3.21%

+0.05%

Volatility

XSU.TO vs. AVDV - Volatility Comparison

The current volatility for iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) is 3.87%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 4.58%. This indicates that XSU.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

XSU.TOAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

4.58%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

14.21%

14.60%

-0.39%

Volatility (1Y)

Calculated over the trailing 1-year period

19.93%

16.70%

+3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.77%

18.22%

+4.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.44%

20.40%

+3.04%

XSU.TO vs. AVDV - Expense Ratio Comparison

XSU.TO has a 0.35% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

XSU.TO vs. AVDV - Dividend Comparison

XSU.TO's dividend yield for the trailing twelve months is around 0.76%, less than AVDV's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		2.79%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		0.76%0.85%0.93%1.09%1.25%0.73%0.80%1.01%1.13%0.96%1.17%1.29%

Frequently Asked Questions

XSU.TO and AVDV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XSU.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSU.TO is cheaper with a 0.35% expense ratio, compared with 0.36% for AVDV.

XSU.TO is categorized as Small Cap Blend Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.35% for XSU.TO and 0.36% for AVDV.

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