ASMNX vs. AVDVX

Last updated Jun 23, 2026

ASMNX (AQR Small Cap Momentum Style Fund Class N) and AVDVX (Avantis International Small Cap Value Fund) are both mutual funds - ASMNX is a Small Cap Growth Equities fund actively managed by AQR Funds, while AVDVX is a Foreign Small & Mid Cap Equities fund managed by Avantis Investors. A 0.68 correlation means they provide meaningful diversification when combined. ASMNX charges 0.88%/yr vs 0.36%/yr for AVDVX.

Performance

ASMNX vs. AVDVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Small Cap Momentum Style Fund Class N (ASMNX) and Avantis International Small Cap Value Fund (AVDVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMNX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDVX

• 1D: 0.16%
• 1M: 0.05%
• YTD: 15.65%
• 6M: 16.00%
• 1Y: 43.90%
• 3Y*: 26.32%
• 5Y*: 14.80%
• 10Y*: —

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

ASMNX vs. AVDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	2.85%
AVDVX Avantis International Small Cap Value Fund	15.65%	48.24%	8.41%	16.75%	-10.88%	15.46%	5.65%	5.61%

Correlation

The correlation between ASMNX and AVDVX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.68

The correlation between ASMNX and AVDVX shifts across timeframes, from 0.58 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ASMNX vs. AVDVX — Risk / Return Rank

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

ASMNX

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

AVDVX

AVDVX Risk / Return Rank: 81
AVDVX Sharpe Ratio Rank: 89
AVDVX Sortino Ratio Rank: 83
AVDVX Omega Ratio Rank: 80
AVDVX Calmar Ratio Rank: 78
AVDVX Martin Ratio Rank: 73

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.

ASMNX vs. AVDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund Class N (ASMNX) and Avantis International Small Cap Value Fund (AVDVX). 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.

	ASMNX	AVDVX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.71	—
Sortino ratio: Return per unit of downside risk	—	3.60	—
Omega ratio: Gain probability vs. loss probability	—	1.48	—
Calmar ratio: Return relative to maximum drawdown	—	3.34	—
Martin ratio: Return relative to average drawdown	—	13.00	—

Drawdowns

Drawdown Indicators

	ASMNX	AVDVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.37%	—
Current Drawdown Current decline from peak	—	-2.07%	—
Average Drawdown Average peak-to-trough decline	—	-6.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.31%	—

Volatility

Volatility by Period

	ASMNX	AVDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.90%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.43%	—

ASMNX vs. AVDVX - Expense Ratio Comparison

ASMNX has a 0.88% expense ratio, which is higher than AVDVX's 0.36% expense ratio.

Dividends

ASMNX vs. AVDVX - Dividend Comparison

ASMNX's dividend yield for the trailing twelve months is around 7.75%, less than AVDVX's 9.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
AVDVX Avantis International Small Cap Value Fund	9.06%	10.48%	4.35%	3.52%	3.33%	4.23%	1.35%	0.39%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMNX and AVDVX in my portfolio?

ASMNX and AVDVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.