AVDS vs. AVUVX

Last updated Jun 9, 2026

AVDS (Avantis International Small Cap Equity ETF) and AVUVX (Avantis U.S. Small Cap Value Fund) are both funds - AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while AVUVX is a Small Cap Value Equities fund managed by Avantis Investors. Over the past year, AVDS returned 29.36% vs 36.56% for AVUVX. A 0.65 correlation means they provide meaningful diversification when combined. AVDS charges 0.30%/yr vs 0.25%/yr for AVUVX.

Performance

AVDS vs. AVUVX - Performance Comparison

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

Returns By Period

In the year-to-date period, AVDS achieves a 9.97% return, which is significantly lower than AVUVX's 17.93% return.

AVDS

• 1D: 0.58%
• 1M: -3.01%
• YTD: 9.97%
• 6M: 13.07%
• 1Y: 29.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVUVX

• 1D: -1.49%
• 1M: 0.29%
• YTD: 17.93%
• 6M: 17.65%
• 1Y: 36.56%
• 3Y*: 18.87%
• 5Y*: 10.90%
• 10Y*: —

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

AVDS vs. AVUVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDS Avantis International Small Cap Equity ETF	9.97%	38.18%	3.20%	3.58%
AVUVX Avantis U.S. Small Cap Value Fund	17.93%	8.88%	8.83%	9.89%

Correlation

The correlation between AVDS and AVUVX is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023	0.65

The correlation between AVDS and AVUVX has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

Return for Risk

AVDS vs. AVUVX — 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: 64
AVDS Omega Ratio Rank: 64
AVDS Calmar Ratio Rank: 53
AVDS Martin Ratio Rank: 57

AVUVX

AVUVX Risk / Return Rank: 69
AVUVX Sharpe Ratio Rank: 61
AVUVX Sortino Ratio Rank: 60
AVUVX Omega Ratio Rank: 52
AVUVX Calmar Ratio Rank: 91
AVUVX Martin Ratio Rank: 81

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. AVUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Equity ETF (AVDS) and Avantis U.S. Small Cap Value Fund (AVUVX). 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	AVUVX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.21	-0.26
Sortino ratio: Return per unit of downside risk	2.66	3.15	-0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.37	4.72	-2.35
Martin ratio: Return relative to average drawdown	9.16	14.41	-5.24
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. AVUVX - Sharpe Ratio Comparison

The current AVDS Sharpe Ratio is 1.94, which is comparable to the AVUVX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of AVDS and AVUVX, 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	AVUVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.21	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.57	+0.63

Drawdowns

AVDS vs. AVUVX - Drawdown Comparison

The maximum AVDS drawdown since its inception was -13.51%, smaller than the maximum AVUVX drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for AVDS and AVUVX.

Drawdown Indicators

	AVDS	AVUVX	Difference
Max Drawdown Largest peak-to-trough decline	-13.51%	-50.24%	+36.73%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-8.25%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.81%	—
Current Drawdown Current decline from peak	-3.53%	-1.49%	-2.04%
Average Drawdown Average peak-to-trough decline	-2.84%	-7.73%	+4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.70%	+0.51%

Volatility

AVDS vs. AVUVX - Volatility Comparison

Avantis International Small Cap Equity ETF (AVDS) has a higher volatility of 4.95% compared to Avantis U.S. Small Cap Value Fund (AVUVX) at 4.37%. This indicates that AVDS's price experiences larger fluctuations and is considered to be riskier than AVUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDS	AVUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.37%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	12.83%	11.56%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	17.66%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	22.75%	-7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	28.79%	-13.35%

AVDS vs. AVUVX - Expense Ratio Comparison

AVDS has a 0.30% expense ratio, which is higher than AVUVX's 0.25% expense ratio.

Dividends

AVDS vs. AVUVX - Dividend Comparison

AVDS's dividend yield for the trailing twelve months is around 2.20%, less than AVUVX's 6.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDS Avantis International Small Cap Equity ETF	2.20%	2.37%	3.07%	0.72%	0.00%	0.00%	0.00%	0.00%
AVUVX Avantis U.S. Small Cap Value Fund	6.02%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%

Frequently Asked Questions

Can I hold both AVDS and AVUVX in my portfolio?

AVDS and AVUVX have a correlation of 0.61, 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 AVUVX?

AVDS has higher volatility (4.95%) compared to AVUVX (4.37%). In terms of maximum drawdown, AVDS dropped -13.51% vs AVUVX's -50.24%.

Which has better risk-adjusted returns?

AVUVX currently has the higher Sharpe Ratio (2.21 vs 1.94), 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.