AVDS vs. VWCE.DE
AVDS (Avantis International Small Cap Equity ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. AVDS is actively managed, while VWCE.DE is passively managed. Over the past year, AVDS returned 29.36% vs 25.62% for VWCE.DE. A 0.65 correlation means they provide meaningful diversification when combined. AVDS charges 0.30%/yr vs 0.19%/yr for VWCE.DE.
Performance
AVDS vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
AVDS is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVDS achieves a 9.97% return, which is significantly higher than VWCE.DE's 9.05% return.
AVDS
- 1D
- 0.58%
- 1M
- -3.01%
- YTD
- 9.97%
- 6M
- 13.07%
- 1Y
- 29.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCE.DE
- 1D
- 0.00%
- 1M
- -0.03%
- YTD
- 9.05%
- 6M
- 10.78%
- 1Y
- 25.62%
- 3Y*
- 20.03%
- 5Y*
- 10.70%
- 10Y*
- —
AVDS vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVDS Avantis International Small Cap Equity ETF | 9.97% | 38.18% | 3.20% | 3.58% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 9.05% | 23.23% | 17.30% | 4.18% |
Correlation
The correlation between AVDS and VWCE.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023 | 0.65 |
The correlation between AVDS and VWCE.DE has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
AVDS vs. VWCE.DE — Risk / Return Rank
AVDS
VWCE.DE
AVDS vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Equity ETF (AVDS) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.82 | -0.45 |
| Martin ratioReturn relative to average drawdown | 9.16 | 11.96 | -2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVDS | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.05 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.74 | +0.46 |
Drawdowns
AVDS vs. VWCE.DE - Drawdown Comparison
The maximum AVDS drawdown since its inception was -13.51%, smaller than the maximum VWCE.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for AVDS and VWCE.DE.
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Drawdown Indicators
| AVDS | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.51% | -33.91% | +20.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -8.91% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.11% | — |
Current DrawdownCurrent decline from peak | -3.53% | -2.85% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -5.44% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.11% | +1.10% |
Volatility
AVDS vs. VWCE.DE - Volatility Comparison
Avantis International Small Cap Equity ETF (AVDS) has a higher volatility of 4.95% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.83%. This indicates that AVDS's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDS | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 3.83% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 9.48% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 12.29% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 15.31% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 17.33% | -1.89% |
AVDS vs. VWCE.DE - Expense Ratio Comparison
AVDS has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
AVDS vs. VWCE.DE - Dividend Comparison
AVDS's dividend yield for the trailing twelve months is around 2.20%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVDS Avantis International Small Cap Equity ETF | 2.20% | 2.37% | 3.07% | 0.72% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVDS and VWCE.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for AVDS.
AVDS is categorized as Foreign Small & Mid Cap Equities, while VWCE.DE is Global Equities. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.30% for AVDS and 0.19% for VWCE.DE.
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