AVDS vs. AVEE

Last updated Jun 5, 2026

AVDS (Avantis International Small Cap Equity ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both exchange-traded funds - AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while AVEE is a Emerging Markets Diversified fund actively managed by Avantis. Both are actively managed. Over the past year, AVDS returned 32.55% vs 25.84% for AVEE. A 0.72 correlation means they provide meaningful diversification when combined. AVDS charges 0.30%/yr vs 0.42%/yr for AVEE.

Performance

AVDS vs. AVEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Equity ETF (AVDS) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVDS achieves a 12.75% return, which is significantly lower than AVEE's 14.52% return.

AVDS

• 1D: 0.65%
• 1M: 2.23%
• YTD: 12.75%
• 6M: 15.97%
• 1Y: 32.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVEE

• 1D: 0.61%
• 1M: -0.58%
• YTD: 14.52%
• 6M: 15.13%
• 1Y: 25.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDS vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDS Avantis International Small Cap Equity ETF	12.75%	38.18%	3.20%	13.17%
AVEE Avantis Emerging Markets Small Cap Equity ETF	14.52%	19.80%	2.91%	7.28%

Correlation

The correlation between AVDS and AVEE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.72

The correlation between AVDS and AVEE has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

AVDS vs. AVEE - Sectors Allocation Comparison

Sectors	AVDS	AVEE
Industrials	22.6%	18.2%
Basic Materials	17.0%	9.5%
Consumer Cyclical	12.8%	11.3%
Financial Services	12.1%	9.3%
Technology	9.7%	22.5%
Energy	6.1%	2.2%
Consumer Defensive	5.1%	5.4%
Healthcare	4.5%	6.9%
Real Estate	3.2%	4.2%
Utilities	3.2%	2.9%
Communication Services	2.9%	2.8%

Return for Risk

AVDS vs. AVEE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVDS

AVDS Risk / Return Rank: 63
AVDS Sharpe Ratio Rank: 68
AVDS Sortino Ratio Rank: 67
AVDS Omega Ratio Rank: 67
AVDS Calmar Ratio Rank: 54
AVDS Martin Ratio Rank: 59

AVEE

AVEE Risk / Return Rank: 46
AVEE Sharpe Ratio Rank: 46
AVEE Sortino Ratio Rank: 44
AVEE Omega Ratio Rank: 45
AVEE Calmar Ratio Rank: 50
AVEE Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDS vs. AVEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Equity ETF (AVDS) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.

	AVDS	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.55	+0.65
Sortino ratio: Return per unit of downside risk	3.03	2.16	+0.88
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	2.63	2.44	+0.19
Martin ratio: Return relative to average drawdown	10.21	7.81	+2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVDS vs. AVEE - Sharpe Ratio Comparison

The current AVDS Sharpe Ratio is 2.20, which is higher than the AVEE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AVDS and AVEE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVDS	AVEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	1.55	+0.65
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	1.07	+0.21

Drawdowns

AVDS vs. AVEE - Drawdown Comparison

The maximum AVDS drawdown since its inception was -13.51%, smaller than the maximum AVEE drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for AVDS and AVEE.

Drawdown Indicators

	AVDS	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-13.51%	-20.21%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-10.65%	-1.79%
Current Drawdown Current decline from peak	-1.09%	-1.97%	+0.88%
Average Drawdown Average peak-to-trough decline	-2.83%	-3.67%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.32%	-0.13%

Volatility

AVDS vs. AVEE - Volatility Comparison

The current volatility for Avantis International Small Cap Equity ETF (AVDS) is 4.37%, while Avantis Emerging Markets Small Cap Equity ETF (AVEE) has a volatility of 6.43%. This indicates that AVDS experiences smaller price fluctuations and is considered to be less risky than AVEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDS	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	6.43%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	13.99%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	16.75%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	16.61%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	16.61%	-1.26%

AVDS vs. AVEE - Expense Ratio Comparison

AVDS has a 0.30% expense ratio, which is lower than AVEE's 0.42% expense ratio.

Dividends

AVDS vs. AVEE - Dividend Comparison

AVDS's dividend yield for the trailing twelve months is around 2.14%, more than AVEE's 2.02% yield.

Position	TTM	2025	2024	2023
AVDS Avantis International Small Cap Equity ETF	2.14%	2.37%	3.07%	0.72%
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.02%	2.25%	3.26%	0.39%

Frequently Asked Questions

Can I hold both AVDS and AVEE in my portfolio?

AVDS and AVEE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDS or AVEE?

AVEE has higher volatility (6.43%) compared to AVDS (4.37%). In terms of maximum drawdown, AVDS dropped -13.51% vs AVEE's -20.21%.

Which ETF is better, AVDS or AVEE?

On 1-year performance, AVDS leads with 32.55% vs 25.84% for AVEE. On fees, AVDS is cheaper at 0.30% per year. On volatility, AVDS has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDS or AVEE?

Over the 1-year period, AVDS has performed better with a 32.55% return vs 25.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDS or AVEE?

AVDS is cheaper with a 0.30% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, AVDS or AVEE?

AVDS has the higher dividend yield at 2.14%, compared with 2.02% for AVEE.

What is the main difference between AVDS and AVEE?

AVDS is categorized as Foreign Small & Mid Cap Equities, while AVEE is Emerging Markets Diversified. Their fees differ too: 0.30% for AVDS and 0.42% for AVEE.

Which has better risk-adjusted returns?

AVDS currently has the higher Sharpe Ratio (2.20 vs 1.55), 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.