AVDEX vs. AVDV
AVDEX (Avantis International Equity Fund) and AVDV (Avantis International Small Cap Value ETF) are both funds - AVDEX is a Foreign Large Cap Equities fund managed by Avantis Investors, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, AVDEX returned 9.74%/yr vs 13.59%/yr for AVDV. Their correlation of 0.95 suggests significant overlap in exposure. AVDEX charges 0.23%/yr vs 0.36%/yr for AVDV.
Performance
AVDEX vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, AVDEX achieves a 8.79% return, which is significantly lower than AVDV's 12.51% return.
AVDEX
- 1D
- -0.53%
- 1M
- -2.60%
- YTD
- 8.79%
- 6M
- 8.23%
- 1Y
- 25.03%
- 3Y*
- 19.44%
- 5Y*
- 9.74%
- 10Y*
- —
AVDV
- 1D
- 0.12%
- 1M
- -4.35%
- YTD
- 12.51%
- 6M
- 11.83%
- 1Y
- 39.31%
- 3Y*
- 27.10%
- 5Y*
- 13.59%
- 10Y*
- —
AVDEX vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 8.79% | 37.35% | 4.89% | 16.99% | -13.90% | 13.37% | 8.21% | 3.61% |
AVDV Avantis International Small Cap Value ETF | 12.51% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 5.74% |
Correlation
The correlation between AVDEX and AVDV is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.95 |
The correlation between AVDEX and AVDV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
AVDEX vs. AVDV — Risk / Return Rank
AVDEX
AVDV
AVDEX vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity Fund (AVDEX) and Avantis International Small Cap Value ETF (AVDV). 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.
| AVDEX | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.99 | -0.85 |
| Martin ratioReturn relative to average drawdown | 8.26 | 11.82 | -3.56 |
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Drawdowns
AVDEX vs. AVDV - Drawdown Comparison
The maximum AVDEX drawdown since its inception was -36.28%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for AVDEX and AVDV.
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Drawdown Indicators
| AVDEX | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -43.01% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -13.19% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.04% | -14.17% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -28.08% | -0.65% |
Current DrawdownCurrent decline from peak | -3.00% | -4.35% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -6.74% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.33% | -0.34% |
Volatility
AVDEX vs. AVDV - Volatility Comparison
The current volatility for Avantis International Equity Fund (AVDEX) is 5.13%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.88%. This indicates that AVDEX experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDEX | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.88% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 14.12% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 16.44% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 17.41% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 19.75% | -1.13% |
AVDEX vs. AVDV - Expense Ratio Comparison
AVDEX has a 0.23% expense ratio, which is lower than AVDV's 0.36% expense ratio.
Dividends
AVDEX vs. AVDV - Dividend Comparison
AVDEX's dividend yield for the trailing twelve months is around 2.93%, more than AVDV's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.93% | 3.19% | 3.67% | 3.17% | 2.22% | 3.46% | 1.67% | 0.10% |
AVDV Avantis International Small Cap Value ETF | 2.81% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
Frequently Asked Questions
With a correlation of 0.94, AVDEX and AVDV 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.
AVDV has higher volatility (5.88%) compared to AVDEX (5.13%). In terms of maximum drawdown, AVDEX dropped -36.28% vs AVDV's -43.01%.
AVDV currently has the higher Sharpe Ratio (2.40 vs 1.68), 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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