AVDV vs. AVDVX
AVDV (Avantis International Small Cap Value ETF) and AVDVX (Avantis International Small Cap Value Fund Institutional Class) are both Foreign Small & Mid Cap Equities funds. Both are actively managed. Over the past 5 years, AVDV returned 13.44%/yr vs 13.75%/yr for AVDVX. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.36% expense ratio.
Performance
AVDV vs. AVDVX - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 11.30% return, which is significantly lower than AVDVX's 12.96% return.
AVDV
- 1D
- -1.06%
- 1M
- -3.21%
- 6M
- 6.73%
- YTD
- 11.30%
- 1Y
- 31.63%
- 3Y*
- 24.16%
- 5Y*
- 13.44%
- 10Y*
- —
AVDVX
- 1D
- 0.22%
- 1M
- -1.96%
- 6M
- 8.64%
- YTD
- 12.96%
- 1Y
- 33.07%
- 3Y*
- 25.26%
- 5Y*
- 13.75%
- 10Y*
- —
AVDV vs. AVDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 11.30% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 5.74% |
AVDVX Avantis International Small Cap Value Fund Institutional Class | 12.96% | 48.24% | 8.41% | 16.75% | -10.88% | 15.46% | 5.65% | 5.61% |
Correlation
The correlation between AVDV and AVDVX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.97 |
The correlation between AVDV and AVDVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
AVDV vs. AVDVX — Risk / Return Rank
AVDV
AVDVX
AVDV vs. AVDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Avantis International Small Cap Value Fund Institutional Class (AVDVX). 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.
| AVDV | AVDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.53 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.11 | 9.40 | -0.29 |
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Drawdowns
AVDV vs. AVDVX - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, roughly equal to the maximum AVDVX drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for AVDV and AVDVX.
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Drawdown Indicators
| AVDV | AVDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -43.06% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -12.92% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -13.84% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -27.37% | -0.71% |
Current DrawdownCurrent decline from peak | -5.38% | -4.35% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -6.66% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.48% | 0.00% |
Volatility
AVDV vs. AVDVX - Volatility Comparison
The current volatility for Avantis International Small Cap Value ETF (AVDV) is 5.28%, while Avantis International Small Cap Value Fund Institutional Class (AVDVX) has a volatility of 5.96%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than AVDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | AVDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 5.96% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 13.94% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 16.30% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 16.88% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 19.43% | +0.29% |
AVDV vs. AVDVX - Expense Ratio Comparison
Both AVDV and AVDVX have an expense ratio of 0.36%.
Dividends
AVDV vs. AVDVX - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 2.84%, less than AVDVX's 9.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.84% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
AVDVX Avantis International Small Cap Value Fund Institutional Class | 9.28% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% |
Frequently Asked Questions
With a correlation of 0.95, AVDV and AVDVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVDVX has higher volatility (5.96%) compared to AVDV (5.28%). In terms of maximum drawdown, AVDV dropped -43.01% vs AVDVX's -43.06%.
AVDVX currently has the higher Sharpe Ratio (2.01 vs 1.92), 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.
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