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

XSU.TO vs. AVUV

Last updated Jun 4, 2026

XSU.TO (iShares U.S. Small Cap Index ETF (CAD-Hedged)) and AVUV (Avantis US 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 AVUV is a Small Cap Value Equities fund actively managed by Avantis. XSU.TO is passively managed, while AVUV is actively managed. Over the past 5 years, XSU.TO returned 4.20%/yr vs 13.88%/yr for AVUV. Their correlation of 0.84 suggests significant overlap in exposure. XSU.TO charges 0.35%/yr vs 0.25%/yr for AVUV.

Performance

XSU.TO vs. AVUV - 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 US Small Cap Value ETF (AVUV). 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 AVUV is traded in USD. To make them comparable, the AVUV 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 15.84% return, which is significantly lower than AVUV's 19.47% return.

XSU.TO

1D
-1.37%
1M
3.54%
YTD
15.84%
6M
14.30%
1Y
35.82%
3Y*
15.60%
5Y*
4.20%
10Y*
8.99%

AVUV

1D
-0.57%
1M
3.23%
YTD
19.47%
6M
16.78%
1Y
38.24%
3Y*
20.63%
5Y*
13.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSU.TO vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		15.84%10.50%9.67%14.70%-21.66%12.77%15.71%9.16%
AVUV
Avantis US Small Cap Value ETF		19.47%2.51%18.67%20.11%1.87%40.91%4.63%6.10%

Correlation

The correlation between XSU.TO and AVUV is 0.79, 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

0.79

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

0.85

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

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.84

The correlation between XSU.TO and AVUV has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

XSU.TO vs. AVUV - Sectors Allocation Comparison

Sectors
XSU.TO
AVUV

Industrials

17.5%
13.9%

Technology

16.9%
7.0%

Healthcare

16.5%
4.2%

Financial Services

15.9%
25.8%

Consumer Cyclical

8.4%
18.0%

Real Estate

6.2%
0.7%

Energy

6.2%
18.2%

Basic Materials

4.8%
4.9%

Utilities

2.9%
0.1%

Communication Services

2.5%
2.8%

Consumer Defensive

2.4%
4.5%

Industrials

XSU.TO
17.5%
AVUV
13.9%

Technology

XSU.TO
16.9%
AVUV
7.0%

Healthcare

XSU.TO
16.5%
AVUV
4.2%

Financial Services

XSU.TO
15.9%
AVUV
25.8%

Consumer Cyclical

XSU.TO
8.4%
AVUV
18.0%

Real Estate

XSU.TO
6.2%
AVUV
0.7%

Energy

XSU.TO
6.2%
AVUV
18.2%

Basic Materials

XSU.TO
4.8%
AVUV
4.9%

Utilities

XSU.TO
2.9%
AVUV
0.1%

Communication Services

XSU.TO
2.5%
AVUV
2.8%

Consumer Defensive

XSU.TO
2.4%
AVUV
4.5%

Compare stocks, funds, or ETFs

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

Avantis US Small Cap Value ETF

Often compared with XSU.TO:
XSU.TO vs. XUS.TOXSU.TO vs. IWMXSU.TO vs. XSP.TOXSU.TO vs. XSMH.TOXSU.TO vs. XEQT.TOXSU.TO vs. XSMC.TOXSU.TO vs. VTWO
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

XSU.TO vs. AVUV — 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: 5656
Overall Rank
XSU.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XSU.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
XSU.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XSU.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
XSU.TO Martin Ratio Rank: 6262
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 6767
Overall Rank
AVUV Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 6363
Sortino Ratio Rank
AVUV Omega Ratio Rank: 5858
Omega Ratio Rank
AVUV Calmar Ratio Rank: 8484
Calmar Ratio Rank
AVUV Martin Ratio Rank: 7272
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. AVUV - 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 US Small Cap Value ETF (AVUV). 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.

XSU.TOAVUVDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.22

-0.39

Sortino ratioReturn per unit of downside risk
2.61
3.13

-0.51

Omega ratioGain probability vs. loss probability

1.31

1.39

-0.08

Calmar ratioReturn relative to maximum drawdown

3.10

4.91

-1.81

Martin ratioReturn relative to average drawdown

11.04

16.91

-5.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSU.TO vs. AVUV - Sharpe Ratio Comparison

The current XSU.TO Sharpe Ratio is 1.83, which is comparable to the AVUV Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XSU.TO and AVUV, 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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Sharpe Ratios by Period

XSU.TOAVUVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

2.22

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.68

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.65

-0.39

Drawdowns

XSU.TO vs. AVUV - Drawdown Comparison

The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than AVUV's maximum drawdown of -44.29%. Use the drawdown chart below to compare losses from any high point for XSU.TO and AVUV.

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Drawdown Indicators

XSU.TOAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-62.62%

-44.29%

-18.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.60%

-7.82%

-3.78%

Max Drawdown (3Y)

Largest decline over 3 years

-28.16%

-27.37%

-0.79%

Max Drawdown (5Y)

Largest decline over 5 years

-33.98%

-27.37%

-6.61%

Max Drawdown (10Y)

Largest decline over 10 years

-44.60%

—

—

Current Drawdown

Current decline from peak

-1.53%

-0.57%

-0.96%

Average Drawdown

Average peak-to-trough decline

-13.72%

-6.88%

-6.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.27%

+0.98%

Volatility

XSU.TO vs. AVUV - Volatility Comparison

iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a higher volatility of 5.84% compared to Avantis US Small Cap Value ETF (AVUV) at 4.09%. This indicates that XSU.TO's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSU.TOAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.84%

4.09%

+1.75%

Volatility (6M)

Calculated over the trailing 6-month period

13.61%

11.60%

+2.01%

Volatility (1Y)

Calculated over the trailing 1-year period

19.68%

17.36%

+2.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.74%

20.53%

+2.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.49%

25.67%

-2.18%

XSU.TO vs. AVUV - Expense Ratio Comparison

XSU.TO has a 0.35% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

XSU.TO vs. AVUV - Dividend Comparison

XSU.TO's dividend yield for the trailing twelve months is around 0.73%, less than AVUV's 1.29% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.29%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		0.73%0.85%0.93%1.09%1.28%0.73%0.79%1.00%1.12%0.95%1.16%1.28%

Frequently Asked Questions

XSU.TO and AVUV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AVUV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AVUV is cheaper with a 0.25% expense ratio, compared with 0.35% for XSU.TO.

XSU.TO is categorized as Small Cap Blend Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.35% for XSU.TO and 0.25% for AVUV.

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