AVDE vs. DFAI
Compare and contrast key facts about Avantis International Equity ETF (AVDE) and Dimensional International Core Equity Market ETF (DFAI).
AVDE and DFAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVDE is a passively managed fund by American Century Investments that tracks the performance of the MSCI World ex-USA IMI Index. It was launched on Sep 24, 2019. DFAI is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Nov 17, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVDE or DFAI.
Key characteristics
| AVDE | DFAI | |
|---|---|---|
| YTD Return | 3.08% | 3.03% |
| 1Y Return | 11.33% | 10.58% |
| 3Y Return (Ann) | 2.51% | 3.11% |
| Sharpe Ratio | 0.76 | 0.72 |
| Daily Std Dev | 12.62% | 12.39% |
| Max Drawdown | -36.99% | -27.44% |
| Current Drawdown | -2.41% | -2.68% |
Correlation
The correlation between AVDE and DFAI is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVDE vs. DFAI - Performance Comparison
The year-to-date returns for both stocks are quite close, with AVDE having a 3.08% return and DFAI slightly lower at 3.03%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVDE vs. DFAI - Expense Ratio Comparison
AVDE has a 0.23% expense ratio, which is higher than DFAI's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVDE vs. DFAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and Dimensional International Core Equity Market ETF (DFAI). 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.
Dividends
AVDE vs. DFAI - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 2.92%, more than DFAI's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 2.92% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
DFAI Dimensional International Core Equity Market ETF | 2.43% | 2.64% | 2.72% | 2.06% | 0.09% | 0.00% |
Drawdowns
AVDE vs. DFAI - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, which is greater than DFAI's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for AVDE and DFAI. For additional features, visit the drawdowns tool.
Volatility
AVDE vs. DFAI - Volatility Comparison
Avantis International Equity ETF (AVDE) and Dimensional International Core Equity Market ETF (DFAI) have volatilities of 3.24% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.