AVDS vs. AVGE

Last updated Jun 4, 2026

AVDS (Avantis International Small Cap Equity ETF) and AVGE (Avantis All Equity Markets ETF) are both exchange-traded funds - AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while AVGE is a Global Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVDS returned 32.62% vs 33.84% for AVGE. Their correlation of 0.82 suggests significant overlap in exposure. AVDS charges 0.30%/yr vs 0.23%/yr for AVGE.

Performance

AVDS vs. AVGE - Performance Comparison

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

Returns By Period

In the year-to-date period, AVDS achieves a 12.02% return, which is significantly lower than AVGE's 15.58% return.

AVDS

• 1D: -1.09%
• 1M: 2.73%
• YTD: 12.02%
• 6M: 15.40%
• 1Y: 32.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGE

• 1D: -0.58%
• 1M: 4.37%
• YTD: 15.58%
• 6M: 16.71%
• 1Y: 33.84%
• 3Y*: 21.61%
• 5Y*: —
• 10Y*: —

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

AVDS vs. AVGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDS Avantis International Small Cap Equity ETF	12.02%	38.18%	3.20%	3.79%
AVGE Avantis All Equity Markets ETF	15.58%	20.84%	13.96%	6.02%

Correlation

The correlation between AVDS and AVGE is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jul 21, 2023	0.82

The correlation between AVDS and AVGE has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

AVDS vs. AVGE - Sectors Allocation Comparison

Sectors	AVDS	AVGE
Industrials	22.6%	13.7%
Basic Materials	17.0%	5.3%
Consumer Cyclical	12.8%	11.9%
Financial Services	12.1%	18.0%
Technology	9.7%	19.1%
Energy	6.1%	8.8%
Consumer Defensive	5.1%	4.7%
Healthcare	4.5%	6.0%
Real Estate	3.2%	3.5%
Utilities	3.2%	2.1%
Communication Services	2.9%	6.9%

Return for Risk

AVDS vs. AVGE — Risk / Return Rank

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

AVDS

AVDS Risk / Return Rank: 61
AVDS Sharpe Ratio Rank: 65
AVDS Sortino Ratio Rank: 65
AVDS Omega Ratio Rank: 64
AVDS Calmar Ratio Rank: 52
AVDS Martin Ratio Rank: 57

AVGE

AVGE Risk / Return Rank: 81
AVGE Sharpe Ratio Rank: 82
AVGE Sortino Ratio Rank: 83
AVGE Omega Ratio Rank: 81
AVGE Calmar Ratio Rank: 77
AVGE Martin Ratio Rank: 83

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. AVGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Equity ETF (AVDS) and Avantis All Equity Markets ETF (AVGE). 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	AVGE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.73	-0.52
Sortino ratio: Return per unit of downside risk	3.04	3.77	-0.73
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.10
Calmar ratio: Return relative to maximum drawdown	2.63	3.95	-1.32
Martin ratio: Return relative to average drawdown	10.24	16.91	-6.67
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. AVGE - Sharpe Ratio Comparison

The current AVDS Sharpe Ratio is 2.21, which is comparable to the AVGE Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of AVDS and AVGE, 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	AVGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.73	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	1.49	-0.23

Drawdowns

AVDS vs. AVGE - Drawdown Comparison

The maximum AVDS drawdown since its inception was -13.51%, smaller than the maximum AVGE drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for AVDS and AVGE.

Drawdown Indicators

	AVDS	AVGE	Difference
Max Drawdown Largest peak-to-trough decline	-13.51%	-17.13%	+3.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-8.60%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.13%	—
Current Drawdown Current decline from peak	-1.73%	-0.58%	-1.15%
Average Drawdown Average peak-to-trough decline	-2.84%	-2.41%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.01%	+1.18%

Volatility

AVDS vs. AVGE - Volatility Comparison

Avantis International Small Cap Equity ETF (AVDS) has a higher volatility of 4.46% compared to Avantis All Equity Markets ETF (AVGE) at 3.58%. This indicates that AVDS's price experiences larger fluctuations and is considered to be riskier than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDS	AVGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.58%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	9.69%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	12.46%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	15.19%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	15.19%	+0.17%

AVDS vs. AVGE - Expense Ratio Comparison

AVDS has a 0.30% expense ratio, which is higher than AVGE's 0.23% expense ratio.

Dividends

AVDS vs. AVGE - Dividend Comparison

AVDS's dividend yield for the trailing twelve months is around 2.16%, more than AVGE's 1.61% yield.

Position	TTM	2025	2024	2023	2022
AVDS Avantis International Small Cap Equity ETF	2.16%	2.37%	3.07%	0.72%	0.00%
AVGE Avantis All Equity Markets ETF	1.61%	1.67%	1.92%	1.93%	0.74%

Frequently Asked Questions

Can I hold both AVDS and AVGE in my portfolio?

AVDS and AVGE have a correlation of 0.83, 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 AVGE?

AVDS has higher volatility (4.46%) compared to AVGE (3.58%). In terms of maximum drawdown, AVDS dropped -13.51% vs AVGE's -17.13%.

Which ETF is better, AVDS or AVGE?

On 1-year performance, AVGE leads with 33.84% vs 32.62% for AVDS. On fees, AVGE is cheaper at 0.23% per year. On volatility, AVGE has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDS or AVGE?

Over the 1-year period, AVGE has performed better with a 33.84% return vs 32.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDS or AVGE?

AVGE is cheaper with a 0.23% expense ratio, compared with 0.30% for AVDS.

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

AVDS has the higher dividend yield at 2.16%, compared with 1.61% for AVGE.

What is the main difference between AVDS and AVGE?

AVDS is categorized as Foreign Small & Mid Cap Equities, while AVGE is Global Equities. Their fees differ too: 0.30% for AVDS and 0.23% for AVGE.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.73 vs 2.21), 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.