AVDEX vs. AVDE
Compare and contrast key facts about Avantis International Equity Fund (AVDEX) and Avantis International Equity ETF (AVDE).
AVDEX is managed by Avantis Investors. It was launched on Dec 4, 2019. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVDEX or AVDE.
Key characteristics
| AVDEX | AVDE | |
|---|---|---|
| YTD Return | 6.53% | 6.31% |
| 1Y Return | 17.78% | 17.38% |
| 3Y Return (Ann) | 1.82% | 1.93% |
| Sharpe Ratio | 1.40 | 1.34 |
| Sortino Ratio | 1.98 | 1.91 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 1.64 | 1.71 |
| Martin Ratio | 7.90 | 7.70 |
| Ulcer Index | 2.26% | 2.30% |
| Daily Std Dev | 12.80% | 13.18% |
| Max Drawdown | -36.28% | -36.99% |
| Current Drawdown | -6.71% | -6.81% |
Correlation
The correlation between AVDEX and AVDE is 0.98, 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
AVDEX vs. AVDE - Performance Comparison
The year-to-date returns for both stocks are quite close, with AVDEX having a 6.53% return and AVDE slightly lower at 6.31%. 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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AVDEX vs. AVDE - Expense Ratio Comparison
Both AVDEX and AVDE have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVDEX vs. AVDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity Fund (AVDEX) and Avantis International Equity ETF (AVDE). 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
AVDEX vs. AVDE - Dividend Comparison
AVDEX's dividend yield for the trailing twelve months is around 2.97%, less than AVDE's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.97% | 3.17% | 2.22% | 2.46% | 1.67% | 0.11% |
AVDE Avantis International Equity ETF | 3.08% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
Drawdowns
AVDEX vs. AVDE - Drawdown Comparison
The maximum AVDEX drawdown since its inception was -36.28%, roughly equal to the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for AVDEX and AVDE. For additional features, visit the drawdowns tool.
Volatility
AVDEX vs. AVDE - Volatility Comparison
The current volatility for Avantis International Equity Fund (AVDEX) is 3.79%, while Avantis International Equity ETF (AVDE) has a volatility of 4.06%. This indicates that AVDEX experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.