AVANX vs. BCSVX

Last updated Jun 26, 2026

AVANX (Avantis International Small Cap Value Fund Class G) and BCSVX (Brown Capital Management International Small Company Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, AVANX returned 27.09%/yr vs -1.88%/yr for BCSVX. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

AVANX vs. BCSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value Fund Class G (AVANX) and Brown Capital Management International Small Company Fund (BCSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVANX achieves a 12.47% return, which is significantly higher than BCSVX's -17.35% return.

AVANX

• 1D: -0.86%
• 1M: -4.86%
• YTD: 12.47%
• 6M: 11.92%
• 1Y: 38.74%
• 3Y*: 27.09%
• 5Y*: —
• 10Y*: —

BCSVX

• 1D: 0.10%
• 1M: -5.27%
• YTD: -17.35%
• 6M: -17.49%
• 1Y: -27.63%
• 3Y*: -1.88%
• 5Y*: -5.22%
• 10Y*: 7.00%

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

AVANX vs. BCSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVANX Avantis International Small Cap Value Fund Class G	12.47%	48.78%	8.80%	17.17%	-7.66%
BCSVX Brown Capital Management International Small Company Fund	-17.35%	-2.30%	8.17%	20.04%	-15.80%

Correlation

The correlation between AVANX and BCSVX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.68

The correlation between AVANX and BCSVX has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

Return for Risk

AVANX vs. BCSVX — Risk / Return Rank

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

AVANX

AVANX Risk / Return Rank: 80
AVANX Sharpe Ratio Rank: 85
AVANX Sortino Ratio Rank: 80
AVANX Omega Ratio Rank: 80
AVANX Calmar Ratio Rank: 78
AVANX Martin Ratio Rank: 76

BCSVX

BCSVX Risk / Return Rank: 0
BCSVX Sharpe Ratio Rank: 0
BCSVX Sortino Ratio Rank: 0
BCSVX Omega Ratio Rank: 0
BCSVX Calmar Ratio Rank: 0
BCSVX Martin Ratio Rank: 0

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.

AVANX vs. BCSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund Class G (AVANX) and Brown Capital Management International Small Company Fund (BCSVX). 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.

	AVANX	BCSVX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	-1.64	+4.03
Sortino ratio: Return per unit of downside risk	3.19	-2.35	+5.54
Omega ratio: Gain probability vs. loss probability	1.43	0.74	+0.69
Calmar ratio: Return relative to maximum drawdown	3.01	-0.85	+3.87
Martin ratio: Return relative to average drawdown	11.65	-1.54	+13.19

AVANX vs. BCSVX - Sharpe Ratio Comparison

The current AVANX Sharpe Ratio is 2.39, which is higher than the BCSVX Sharpe Ratio of -1.64. The chart below compares the historical Sharpe Ratios of AVANX and BCSVX, 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

AVANX vs. BCSVX - Drawdown Comparison

The maximum AVANX drawdown since its inception was -25.35%, smaller than the maximum BCSVX drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for AVANX and BCSVX.

Drawdown Indicators

	AVANX	BCSVX	Difference
Max Drawdown Largest peak-to-trough decline	-25.35%	-43.93%	+18.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-32.35%	+19.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.83%	-32.35%	+18.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.93%	—
Current Drawdown Current decline from peak	-4.86%	-31.15%	+26.29%
Average Drawdown Average peak-to-trough decline	-4.79%	-12.20%	+7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	17.96%	-14.64%

Volatility

AVANX vs. BCSVX - Volatility Comparison

Avantis International Small Cap Value Fund Class G (AVANX) has a higher volatility of 6.40% compared to Brown Capital Management International Small Company Fund (BCSVX) at 5.21%. This indicates that AVANX's price experiences larger fluctuations and is considered to be riskier than BCSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVANX	BCSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	5.21%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	14.19%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	17.07%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	18.74%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	17.06%	+0.13%

Dividends

AVANX vs. BCSVX - Dividend Comparison

AVANX's dividend yield for the trailing twelve months is around 9.66%, more than BCSVX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVANX Avantis International Small Cap Value Fund Class G	9.66%	10.86%	4.74%	3.87%	3.70%	0.00%	0.00%	0.00%	0.00%
BCSVX Brown Capital Management International Small Company Fund	0.45%	0.00%	0.00%	0.00%	0.00%	5.07%	0.74%	0.30%	0.31%

Frequently Asked Questions

Can I hold both AVANX and BCSVX in my portfolio?

AVANX and BCSVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVANX or BCSVX?

AVANX has higher volatility (6.40%) compared to BCSVX (5.21%). In terms of maximum drawdown, AVANX dropped -25.35% vs BCSVX's -43.93%.

Which has better risk-adjusted returns?

AVANX currently has the higher Sharpe Ratio (2.39 vs -1.64), 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.