AVDE vs. EDIV

Last updated Jul 21, 2026

AVDE (Avantis International Equity ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. AVDE is actively managed, while EDIV is passively managed. Over the past 5 years, AVDE returned 10.39%/yr vs 12.20%/yr for EDIV. A 0.70 correlation means they provide meaningful diversification when combined. AVDE charges 0.23%/yr vs 0.49%/yr for EDIV.

Performance

AVDE vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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 AVDE having a 9.27% return and EDIV slightly lower at 9.11%.

AVDE

• 1D: -0.73%
• 1M: -1.74%
• 6M: 5.15%
• YTD: 9.27%
• 1Y: 23.56%
• 3Y*: 17.96%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 11.70%

EDIV

• 1D: -0.52%
• 1M: 1.79%
• 6M: 6.50%
• YTD: 9.11%
• 1Y: 13.09%
• 3Y*: 16.35%
• 5Y*: 12.20%
• 10Y*: 8.40%
• ALL TIME*: 3.21%

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

AVDE vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	9.27%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%
EDIV SPDR S&P Emerging Markets Dividend ETF	9.11%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	7.14%

Correlation

The correlation between AVDE and EDIV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.70

The correlation between AVDE and EDIV shifts across timeframes, from 0.69 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.

AVDE vs. EDIV - Sectors Allocation Comparison

Sectors	AVDE	EDIV
Financial Services	24.9%	30.3%
Industrials	20.2%	9.2%
Basic Materials	10.3%	1.5%
Consumer Cyclical	9.4%	11.9%
Technology	8.7%	9.7%
Energy	6.9%	3.2%
Healthcare	5.9%	1.4%
Consumer Defensive	4.5%	13.2%
Utilities	4.0%	2.4%
Communication Services	3.8%	14.0%
Real Estate	1.4%	3.3%

Return for Risk

AVDE vs. EDIV — Risk / Return Rank

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

AVDE

AVDE Risk / Return Rank: 61
AVDE Sharpe Ratio Rank: 64
AVDE Sortino Ratio Rank: 63
AVDE Omega Ratio Rank: 61
AVDE Calmar Ratio Rank: 54
AVDE Martin Ratio Rank: 62

EDIV

EDIV Risk / Return Rank: 36
EDIV Sharpe Ratio Rank: 38
EDIV Sortino Ratio Rank: 37
EDIV Omega Ratio Rank: 37
EDIV Calmar Ratio Rank: 33
EDIV Martin Ratio Rank: 33

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.

AVDE vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	AVDE	EDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.03	+0.53
Sortino ratio: Return per unit of downside risk	2.20	1.52	+0.68
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.06	1.27	+0.79
Martin ratio: Return relative to average drawdown	7.96	3.70	+4.26

AVDE vs. EDIV - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.56, which is higher than the EDIV Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of AVDE and EDIV, 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

AVDE vs. EDIV - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for AVDE and EDIV.

Drawdown Indicators

	AVDE	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-53.36%	+16.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-10.36%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-13.84%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-28.32%	-0.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.76%	—
Current Drawdown Current decline from peak	-2.52%	-1.64%	-0.88%
Average Drawdown Average peak-to-trough decline	-6.08%	-19.23%	+13.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.54%	-0.57%

Volatility

AVDE vs. EDIV - Volatility Comparison

Avantis International Equity ETF (AVDE) and SPDR S&P Emerging Markets Dividend ETF (EDIV) have volatilities of 3.83% and 3.83%, 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.

Volatility by Period

	AVDE	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	3.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	11.05%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	12.80%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	13.94%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	17.30%	+1.56%

AVDE vs. EDIV - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

AVDE vs. EDIV - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 2.49%, less than EDIV's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	2.49%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
EDIV SPDR S&P Emerging Markets Dividend ETF	4.16%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%

Frequently Asked Questions

Can I hold both AVDE and EDIV in my portfolio?

AVDE and EDIV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDE or EDIV?

EDIV has higher volatility (3.83%) compared to AVDE (3.83%). In terms of maximum drawdown, AVDE dropped -36.99% vs EDIV's -53.36%.

Which ETF is better, AVDE or EDIV?

On 5-year performance, EDIV leads with 12.20% vs 10.39% for AVDE. On fees, AVDE is cheaper at 0.23% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDE or EDIV?

Over the 5-year period, EDIV has performed better with a 12.20% return vs 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDE or EDIV?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, AVDE or EDIV?

EDIV has the higher dividend yield at 4.16%, compared with 2.49% for AVDE.

What is the main difference between AVDE and EDIV?

AVDE is categorized as Foreign Large Cap Equities, while EDIV is Emerging Markets Equities. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.23% for AVDE and 0.49% for EDIV.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.56 vs 1.03), 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.