AVDEX vs. BKIE
Compare and contrast key facts about Avantis International Equity Fund (AVDEX) and BNY Mellon International Equity ETF (BKIE).
AVDEX is managed by Avantis Investors. It was launched on Dec 4, 2019. BKIE is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar Developed Markets ex-US Large Cap Index. It was launched on Apr 24, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVDEX or BKIE.
Key characteristics
| AVDEX | BKIE | |
|---|---|---|
| YTD Return | 8.18% | 7.90% |
| 1Y Return | 20.50% | 19.70% |
| 3Y Return (Ann) | 2.26% | 2.76% |
| Sharpe Ratio | 1.61 | 1.53 |
| Sortino Ratio | 2.26 | 2.17 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 1.78 | 2.06 |
| Martin Ratio | 9.32 | 8.68 |
| Ulcer Index | 2.20% | 2.26% |
| Daily Std Dev | 12.72% | 12.88% |
| Max Drawdown | -36.28% | -28.19% |
| Current Drawdown | -5.26% | -5.38% |
Correlation
The correlation between AVDEX and BKIE is 0.97, 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. BKIE - Performance Comparison
The year-to-date returns for both stocks are quite close, with AVDEX having a 8.18% return and BKIE slightly lower at 7.90%. 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. BKIE - Expense Ratio Comparison
AVDEX has a 0.23% expense ratio, which is higher than BKIE's 0.04% 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%.
Risk-Adjusted Performance
AVDEX vs. BKIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity Fund (AVDEX) and BNY Mellon International Equity ETF (BKIE). 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. BKIE - Dividend Comparison
AVDEX's dividend yield for the trailing twelve months is around 2.93%, more than BKIE's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.93% | 3.17% | 2.22% | 2.46% | 1.67% | 0.11% |
BKIE BNY Mellon International Equity ETF | 2.83% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% |
Drawdowns
AVDEX vs. BKIE - Drawdown Comparison
The maximum AVDEX drawdown since its inception was -36.28%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for AVDEX and BKIE. For additional features, visit the drawdowns tool.
Volatility
AVDEX vs. BKIE - Volatility Comparison
Avantis International Equity Fund (AVDEX) and BNY Mellon International Equity ETF (BKIE) have volatilities of 3.63% and 3.65%, 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.