AVDEX vs. DGEIX

Last updated Aug 1, 2026

AVDEX (Avantis International Equity Fund) and DGEIX (DFA Global Equity Portfolio Institutional Class) are both mutual funds - AVDEX is a Foreign Large Cap Equities fund managed by Avantis, while DGEIX is a Global Equities fund actively managed by Dimensional. Over the past 5 years, AVDEX returned 10.76%/yr vs 10.51%/yr for DGEIX. Their correlation of 0.88 means they have usually moved in the same direction. AVDEX charges 0.23%/yr vs 0.25%/yr for DGEIX.

Performance

AVDEX vs. DGEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity Fund (AVDEX) and DFA Global Equity Portfolio Institutional Class (DGEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVDEX achieves a 13.50% return, which is significantly higher than DGEIX's 12.26% return.

AVDEX

• 1D: 2.75%
• 1M: 2.57%
• 6M: 7.40%
• YTD: 13.50%
• 1Y: 29.15%
• 3Y*: 18.80%
• 5Y*: 10.76%
• 10Y*: —
• ALL TIME*: 11.74%

DGEIX

• 1D: 1.59%
• 1M: 0.16%
• 6M: 8.40%
• YTD: 12.26%
• 1Y: 24.21%
• 3Y*: 17.40%
• 5Y*: 10.51%
• 10Y*: 12.10%
• ALL TIME*: 9.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVDEX Avantis International Equity Fund	$0.00	$0.00	$0.00
DGEIX DFA Global Equity Portfolio Institutional Class	$0.00	$0.00	$0.00

AVDEX vs. DGEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDEX Avantis International Equity Fund	13.50%	37.35%	4.89%	16.99%	-13.90%	13.37%	8.21%	3.61%
DGEIX DFA Global Equity Portfolio Institutional Class	12.26%	19.86%	15.71%	20.35%	-14.72%	20.31%	13.51%	4.85%

Correlation

The correlation between AVDEX and DGEIX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.88

The correlation between AVDEX and DGEIX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

AVDEX vs. DGEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVDEX

AVDEX Risk / Return Rank: 78
AVDEX Sharpe Ratio Rank: 80
AVDEX Sortino Ratio Rank: 78
AVDEX Omega Ratio Rank: 77
AVDEX Calmar Ratio Rank: 77
AVDEX Martin Ratio Rank: 80

DGEIX

DGEIX Risk / Return Rank: 78
DGEIX Sharpe Ratio Rank: 77
DGEIX Sortino Ratio Rank: 75
DGEIX Omega Ratio Rank: 75
DGEIX Calmar Ratio Rank: 78
DGEIX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVDEX vs. DGEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity Fund (AVDEX) and DFA Global Equity Portfolio Institutional Class (DGEIX). 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	DGEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.78	+0.11
Sortino ratio: Return per unit of downside risk	2.65	2.50	+0.15
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.46	2.52	-0.06
Martin ratio: Return relative to average drawdown	9.52	10.76	-1.24

AVDEX vs. DGEIX - Sharpe Ratio Comparison

The current AVDEX Sharpe Ratio is 1.89, which is comparable to the DGEIX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AVDEX and DGEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVDEX vs. DGEIX - Drawdown Comparison

The maximum AVDEX drawdown since its inception was -36.28%, smaller than the maximum DGEIX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for AVDEX and DGEIX.

Drawdown Indicators

	AVDEX	DGEIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-59.77%	+23.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-8.85%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-13.04%	-16.97%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-25.20%	-3.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.00%	—
Current Drawdown Current decline from peak	0.00%	-0.84%	+0.84%
Average Drawdown Average peak-to-trough decline	-6.25%	-7.95%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.07%	+0.91%

Volatility

AVDEX vs. DGEIX - Volatility Comparison

Avantis International Equity Fund (AVDEX) has a higher volatility of 4.60% compared to DFA Global Equity Portfolio Institutional Class (DGEIX) at 3.29%. This indicates that AVDEX's price experiences larger fluctuations and is considered to be riskier than DGEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDEX	DGEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	3.29%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	10.09%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	12.54%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	15.72%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	16.79%	+1.77%

AVDEX vs. DGEIX - Expense Ratio Comparison

AVDEX has a 0.23% expense ratio, which is lower than DGEIX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVDEX vs. DGEIX - Dividend Comparison

AVDEX's dividend yield for the trailing twelve months is around 2.81%, more than DGEIX's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDEX Avantis International Equity Fund	2.81%	3.19%	3.67%	3.17%	2.22%	3.46%	1.67%	0.10%	0.00%	0.00%	0.00%	0.00%
DGEIX DFA Global Equity Portfolio Institutional Class	2.74%	2.79%	3.64%	3.82%	4.92%	1.94%	2.37%	2.22%	2.62%	1.50%	1.90%	1.98%

Frequently Asked Questions

Can I hold both AVDEX and DGEIX in my portfolio?

AVDEX and DGEIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDEX or DGEIX?

AVDEX has higher volatility (4.60%) compared to DGEIX (3.29%). In terms of maximum drawdown, AVDEX dropped -36.28% vs DGEIX's -59.77%.

Which has better risk-adjusted returns?

AVDEX currently has the higher Sharpe Ratio (1.89 vs 1.78), 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.