AVALX vs. IDEQ

Last updated Jun 13, 2026

AVALX (Aegis Value Fund) and IDEQ (Lazard International Dynamic Equity ETF) are both funds - AVALX is a Small Cap Value Equities fund managed by Aegis, while IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard. A 0.52 correlation means they provide meaningful diversification when combined. AVALX charges 1.50%/yr vs 0.40%/yr for IDEQ.

Performance

AVALX vs. IDEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aegis Value Fund (AVALX) and Lazard International Dynamic Equity ETF (IDEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AVALX having a 17.29% return and IDEQ slightly lower at 16.51%.

AVALX

• 1D: 1.78%
• 1M: -3.21%
• YTD: 17.29%
• 6M: 17.59%
• 1Y: 48.80%
• 3Y*: 32.38%
• 5Y*: 20.79%
• 10Y*: 20.09%

IDEQ

• 1D: 0.28%
• 1M: 3.66%
• YTD: 16.51%
• 6M: 19.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVALX vs. IDEQ - Yearly Performance Comparison

	2026 (YTD)	2025
AVALX Aegis Value Fund	17.29%	18.98%
IDEQ Lazard International Dynamic Equity ETF	16.51%	12.10%

Correlation

The correlation between AVALX and IDEQ is 0.52, 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 29, 2025	0.52

Return for Risk

AVALX vs. IDEQ — Risk / Return Rank

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

AVALX

AVALX Risk / Return Rank: 92
AVALX Sharpe Ratio Rank: 96
AVALX Sortino Ratio Rank: 87
AVALX Omega Ratio Rank: 86
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 96

IDEQ

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

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.

AVALX vs. IDEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aegis Value Fund (AVALX) and Lazard International Dynamic Equity ETF (IDEQ). 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.

	AVALX	IDEQ	Difference
Sharpe ratio: Return per unit of total volatility	3.00	—	—
Sortino ratio: Return per unit of downside risk	3.66	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	6.25	—	—
Martin ratio: Return relative to average drawdown	21.12	—	—

Drawdowns

AVALX vs. IDEQ - Drawdown Comparison

The maximum AVALX drawdown since its inception was -73.72%, which is greater than IDEQ's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for AVALX and IDEQ.

Drawdown Indicators

	AVALX	IDEQ	Difference
Max Drawdown Largest peak-to-trough decline	-73.72%	-12.95%	-60.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.34%	—	—
Current Drawdown Current decline from peak	-4.41%	-1.01%	-3.40%
Average Drawdown Average peak-to-trough decline	-10.94%	-2.11%	-8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	—	—

Volatility

Volatility by Period

	AVALX	IDEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	19.28%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	19.28%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	19.28%	+2.90%

AVALX vs. IDEQ - Expense Ratio Comparison

AVALX has a 1.50% expense ratio, which is higher than IDEQ's 0.40% expense ratio.

Dividends

AVALX vs. IDEQ - Dividend Comparison

AVALX's dividend yield for the trailing twelve months is around 1.99%, more than IDEQ's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.99%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
IDEQ Lazard International Dynamic Equity ETF	0.52%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVALX and IDEQ in my portfolio?

AVALX and IDEQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.