AVDE vs. MGNI
AVDE (Avantis International Equity ETF) is Foreign Large Cap Equities fund actively managed by Avantis, while MGNI (Magnite, Inc.) is a stock. Over the past 5 years, AVDE returned 9.98%/yr vs -13.13%/yr for MGNI. At a 0.41 correlation, their price movements are largely independent.
Performance
AVDE vs. MGNI - Performance Comparison
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Returns By Period
In the year-to-date period, AVDE achieves a 10.87% return, which is significantly higher than MGNI's 0.12% return.
AVDE
- 1D
- 0.59%
- 1M
- 1.98%
- YTD
- 10.87%
- 6M
- 12.42%
- 1Y
- 27.50%
- 3Y*
- 19.56%
- 5Y*
- 9.98%
- 10Y*
- —
MGNI
- 1D
- 0.31%
- 1M
- 26.76%
- YTD
- 0.12%
- 6M
- -0.31%
- 1Y
- -4.97%
- 3Y*
- 6.24%
- 5Y*
- -13.13%
- 10Y*
- 1.65%
AVDE vs. MGNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 10.87% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 7.95% |
MGNI Magnite, Inc. | 0.12% | 1.95% | 70.45% | -11.80% | -39.49% | -43.02% | 276.35% | -11.59% |
Correlation
The correlation between AVDE and MGNI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.41 |
Over the past year, the correlation between AVDE and MGNI has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
AVDE vs. MGNI — Risk / Return Rank
AVDE
MGNI
AVDE vs. MGNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and Magnite, Inc. (MGNI). 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 | MGNI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.14 | +2.44 |
| Martin ratioReturn relative to average drawdown | 9.00 | -0.20 | +9.20 |
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Drawdowns
AVDE vs. MGNI - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum MGNI drawdown of -93.30%. Use the drawdown chart below to compare losses from any high point for AVDE and MGNI.
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Drawdown Indicators
| AVDE | MGNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -93.30% | +56.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -57.77% | +46.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -57.95% | +44.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -84.35% | +55.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.65% | — |
Current DrawdownCurrent decline from peak | -1.09% | -73.71% | +72.62% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -64.84% | +58.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 38.47% | -35.53% |
Volatility
AVDE vs. MGNI - Volatility Comparison
The current volatility for Avantis International Equity ETF (AVDE) is 5.57%, while Magnite, Inc. (MGNI) has a volatility of 15.85%. This indicates that AVDE experiences smaller price fluctuations and is considered to be less risky than MGNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDE | MGNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 15.85% | -10.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 41.24% | -28.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 57.37% | -42.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 75.01% | -58.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 76.60% | -57.67% |
Dividends
AVDE vs. MGNI - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 3.84%, while MGNI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 3.84% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
MGNI Magnite, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVDE and MGNI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGNI has higher volatility (15.85%) compared to AVDE (5.57%). In terms of maximum drawdown, AVDE dropped -36.99% vs MGNI's -93.30%.
AVDE currently has the higher Sharpe Ratio (1.76 vs -0.14), 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.
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