AVDE vs. HFXI

Last updated Jun 9, 2026

AVDE (Avantis International Equity ETF) and HFXI (IQ 50 Percent Hedged FTSE International ETF) are both Foreign Large Cap Equities funds. AVDE is actively managed, while HFXI is passively managed. Over the past 5 years, AVDE returned 9.61%/yr vs 11.57%/yr for HFXI. Their correlation of 0.94 suggests significant overlap in exposure. AVDE charges 0.23%/yr vs 0.20%/yr for HFXI.

Performance

AVDE vs. HFXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and IQ 50 Percent Hedged FTSE International ETF (HFXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVDE achieves a 8.71% return, which is significantly lower than HFXI's 14.20% return.

AVDE

• 1D: 0.36%
• 1M: -1.91%
• YTD: 8.71%
• 6M: 11.46%
• 1Y: 25.00%
• 3Y*: 19.31%
• 5Y*: 9.61%
• 10Y*: —

HFXI

• 1D: 0.98%
• 1M: -0.03%
• YTD: 14.20%
• 6M: 17.07%
• 1Y: 30.93%
• 3Y*: 19.41%
• 5Y*: 11.57%
• 10Y*: 11.43%

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

AVDE vs. HFXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	8.71%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	8.07%
HFXI IQ 50 Percent Hedged FTSE International ETF	14.20%	30.10%	7.58%	19.56%	-10.71%	13.96%	6.88%	7.14%

Correlation

The correlation between AVDE and HFXI is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.94

The correlation between AVDE and HFXI has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

AVDE vs. HFXI - Sectors Allocation Comparison

Sectors	AVDE	HFXI
Financial Services	23.8%	22.8%
Industrials	20.3%	20.1%
Basic Materials	11.2%	5.9%
Consumer Cyclical	9.3%	7.7%
Energy	8.0%	3.6%
Technology	7.1%	14.6%
Healthcare	5.8%	9.5%
Consumer Defensive	4.6%	6.3%
Utilities	4.4%	3.6%
Communication Services	3.8%	3.5%
Real Estate	1.7%	2.5%

Return for Risk

AVDE vs. HFXI — Risk / Return Rank

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

AVDE

AVDE Risk / Return Rank: 54
AVDE Sharpe Ratio Rank: 56
AVDE Sortino Ratio Rank: 55
AVDE Omega Ratio Rank: 55
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

HFXI

HFXI Risk / Return Rank: 68
HFXI Sharpe Ratio Rank: 70
HFXI Sortino Ratio Rank: 69
HFXI Omega Ratio Rank: 72
HFXI Calmar Ratio Rank: 64
HFXI Martin Ratio Rank: 68

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. HFXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and IQ 50 Percent Hedged FTSE International ETF (HFXI). 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.

	AVDE	HFXI	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.05	-0.35
Sortino ratio: Return per unit of downside risk	2.38	2.81	-0.43
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	2.19	2.87	-0.68
Martin ratio: Return relative to average drawdown	8.59	11.31	-2.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVDE vs. HFXI - Sharpe Ratio Comparison

The current AVDE Sharpe Ratio is 1.71, which is comparable to the HFXI Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AVDE and HFXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVDE	HFXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.05	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.78	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.55	+0.08

Drawdowns

AVDE vs. HFXI - Drawdown Comparison

The maximum AVDE drawdown since its inception was -36.99%, which is greater than HFXI's maximum drawdown of -32.42%. Use the drawdown chart below to compare losses from any high point for AVDE and HFXI.

Drawdown Indicators

	AVDE	HFXI	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-32.42%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-10.84%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-13.52%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-22.35%	-6.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.42%	—
Current Drawdown Current decline from peak	-3.02%	-2.94%	-0.08%
Average Drawdown Average peak-to-trough decline	-6.16%	-5.45%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.74%	+0.18%

Volatility

AVDE vs. HFXI - Volatility Comparison

The current volatility for Avantis International Equity ETF (AVDE) is 4.67%, while IQ 50 Percent Hedged FTSE International ETF (HFXI) has a volatility of 5.75%. This indicates that AVDE experiences smaller price fluctuations and is considered to be less risky than HFXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDE	HFXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	5.75%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	12.97%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	15.17%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	14.94%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	16.67%	+2.25%

AVDE vs. HFXI - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is higher than HFXI's 0.20% 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%.

Dividends

AVDE vs. HFXI - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 2.56%, less than HFXI's 3.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	2.56%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
HFXI IQ 50 Percent Hedged FTSE International ETF	3.94%	4.19%	2.68%	2.49%	4.65%	3.10%	2.00%	3.19%	4.33%	2.56%	2.71%	0.78%

Frequently Asked Questions

Can I hold both AVDE and HFXI in my portfolio?

With a correlation of 0.93, AVDE and HFXI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVDE or HFXI?

HFXI has higher volatility (5.75%) compared to AVDE (4.67%). In terms of maximum drawdown, AVDE dropped -36.99% vs HFXI's -32.42%.

Which ETF is better, AVDE or HFXI?

On 5-year performance, HFXI leads with 11.57% vs 9.61% for AVDE. On fees, HFXI is cheaper at 0.20% per year. On volatility, AVDE has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDE or HFXI?

Over the 5-year period, HFXI has performed better with a 11.57% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDE or HFXI?

HFXI is cheaper with a 0.20% expense ratio, compared with 0.23% for AVDE.

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

HFXI has the higher dividend yield at 3.94%, compared with 2.56% for AVDE.

What is the main difference between AVDE and HFXI?

They also come from different issuers: Avantis and New York Life. Their fees differ too: 0.23% for AVDE and 0.20% for HFXI.

Which has better risk-adjusted returns?

HFXI currently has the higher Sharpe Ratio (2.05 vs 1.71), 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.