ASGM vs. AVDV

Last updated Jun 4, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - ASGM is a Tactical Allocation fund actively managed by Virtus, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 0.36%/yr for AVDV.

Performance

ASGM vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 22.52% return, which is significantly higher than AVDV's 16.04% return.

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDV

• 1D: -0.73%
• 1M: 3.98%
• YTD: 16.04%
• 6M: 19.54%
• 1Y: 44.23%
• 3Y*: 28.01%
• 5Y*: 13.72%
• 10Y*: —

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

ASGM vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%
AVDV Avantis International Small Cap Value ETF	16.04%	16.96%

Correlation

The correlation between ASGM and AVDV is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.74

Return for Risk

ASGM vs. AVDV — Risk / Return Rank

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

AVDV

AVDV Risk / Return Rank: 78
AVDV Sharpe Ratio Rank: 85
AVDV Sortino Ratio Rank: 83
AVDV Omega Ratio Rank: 84
AVDV Calmar Ratio Rank: 66
AVDV Martin Ratio Rank: 72

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.

ASGM vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASGM	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	0.80	+2.15

Drawdowns

ASGM vs. AVDV - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for ASGM and AVDV.

Drawdown Indicators

	ASGM	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-43.01%	+36.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.08%	—
Current Drawdown Current decline from peak	-0.53%	-1.35%	+0.82%
Average Drawdown Average peak-to-trough decline	-1.22%	-6.77%	+5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.24%	—

Volatility

Volatility by Period

	ASGM	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	15.56%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	17.30%	-1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	19.73%	-4.06%

ASGM vs. AVDV - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

ASGM vs. AVDV - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.69%, more than AVDV's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AVDV Avantis International Small Cap Value ETF	2.74%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%

Frequently Asked Questions

Can I hold both ASGM and AVDV in my portfolio?

ASGM and AVDV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASGM or AVDV?

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.

Which ETF is cheaper, ASGM or AVDV?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, ASGM or AVDV?

ASGM has the higher dividend yield at 3.69%, compared with 2.74% for AVDV.

What is the main difference between ASGM and AVDV?

ASGM is categorized as Tactical Allocation, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: Virtus and Avantis. Their fees differ too: 0.86% for ASGM and 0.36% for AVDV.