APDGX vs. AVDE

Last updated Jun 24, 2026

APDGX (Artisan Global Value Fund Advisor Class) and AVDE (Avantis International Equity ETF) are both funds - APDGX is a Global Equities fund actively managed by Artisan, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, APDGX returned 12.41%/yr vs 10.08%/yr for AVDE. Their correlation of 0.86 suggests significant overlap in exposure. APDGX charges 1.12%/yr vs 0.23%/yr for AVDE.

Performance

APDGX vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Global Value Fund Advisor Class (APDGX) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with APDGX having a 9.10% return and AVDE slightly higher at 9.44%.

APDGX

• 1D: -0.36%
• 1M: 2.20%
• YTD: 9.10%
• 6M: 9.34%
• 1Y: 27.80%
• 3Y*: 21.52%
• 5Y*: 12.41%
• 10Y*: 12.46%

AVDE

• 1D: -2.02%
• 1M: -0.88%
• YTD: 9.44%
• 6M: 8.96%
• 1Y: 26.87%
• 3Y*: 19.94%
• 5Y*: 10.08%
• 10Y*: —

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

APDGX vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
APDGX Artisan Global Value Fund Advisor Class	9.10%	34.25%	10.80%	26.76%	-13.40%	15.70%	6.65%	8.06%
AVDE Avantis International Equity ETF	9.44%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%

Correlation

The correlation between APDGX and AVDE is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.86

The correlation between APDGX and AVDE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

Return for Risk

APDGX vs. AVDE — Risk / Return Rank

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

APDGX

APDGX Risk / Return Rank: 69
APDGX Sharpe Ratio Rank: 77
APDGX Sortino Ratio Rank: 78
APDGX Omega Ratio Rank: 70
APDGX Calmar Ratio Rank: 57
APDGX Martin Ratio Rank: 64

AVDE

AVDE Risk / Return Rank: 53
AVDE Sharpe Ratio Rank: 54
AVDE Sortino Ratio Rank: 53
AVDE Omega Ratio Rank: 53
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

APDGX vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Global Value Fund Advisor Class (APDGX) and Avantis International Equity ETF (AVDE). 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.

	APDGX	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.78	+0.58
Sortino ratio: Return per unit of downside risk	3.41	2.48	+0.93
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	2.77	2.35	+0.42
Martin ratio: Return relative to average drawdown	11.76	9.18	+2.58

APDGX vs. AVDE - Sharpe Ratio Comparison

The current APDGX Sharpe Ratio is 2.36, which is higher than the AVDE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of APDGX and AVDE, 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

APDGX vs. AVDE - Drawdown Comparison

The maximum APDGX drawdown since its inception was -39.94%, which is greater than AVDE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for APDGX and AVDE.

Drawdown Indicators

	APDGX	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-39.94%	-36.99%	-2.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-11.48%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-13.46%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-28.73%	+2.05%
Max Drawdown (10Y) Largest decline over 10 years	-39.94%	—	—
Current Drawdown Current decline from peak	-1.10%	-2.37%	+1.27%
Average Drawdown Average peak-to-trough decline	-5.33%	-6.13%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.93%	-0.53%

Volatility

APDGX vs. AVDE - Volatility Comparison

The current volatility for Artisan Global Value Fund Advisor Class (APDGX) is 3.93%, while Avantis International Equity ETF (AVDE) has a volatility of 5.36%. This indicates that APDGX experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APDGX	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	5.36%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	12.95%	-3.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	15.13%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	16.39%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	18.92%	-1.62%

APDGX vs. AVDE - Expense Ratio Comparison

APDGX has a 1.12% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

APDGX vs. AVDE - Dividend Comparison

APDGX's dividend yield for the trailing twelve months is around 4.34%, more than AVDE's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
APDGX Artisan Global Value Fund Advisor Class	4.34%	4.73%	5.56%	3.04%	3.84%	9.53%	0.09%	1.46%	6.54%	2.18%	2.76%
AVDE Avantis International Equity ETF	3.89%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APDGX and AVDE in my portfolio?

APDGX and AVDE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APDGX or AVDE?

AVDE has higher volatility (5.36%) compared to APDGX (3.93%). In terms of maximum drawdown, APDGX dropped -39.94% vs AVDE's -36.99%.

Which has better risk-adjusted returns?

APDGX currently has the higher Sharpe Ratio (2.36 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.