AVDV vs. AVMV

Last updated Jun 4, 2026

AVDV (Avantis International Small Cap Value ETF) and AVMV (Avantis U.S. Mid Cap Value ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while AVMV is a Mid Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVDV returned 44.23% vs 25.32% for AVMV. A 0.61 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.20%/yr for AVMV.

Performance

AVDV vs. AVMV - Performance Comparison

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

Returns By Period

In the year-to-date period, AVDV achieves a 16.04% return, which is significantly higher than AVMV's 11.76% return.

AVDV

• 1D: -0.73%
• 1M: 3.98%
• YTD: 16.04%
• 6M: 19.54%
• 1Y: 44.23%
• 3Y*: 28.01%
• 5Y*: 13.72%
• 10Y*: —

AVMV

• 1D: -0.15%
• 1M: 1.85%
• YTD: 11.76%
• 6M: 12.65%
• 1Y: 25.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDV vs. AVMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDV Avantis International Small Cap Value ETF	16.04%	49.37%	8.67%	12.32%
AVMV Avantis U.S. Mid Cap Value ETF	11.76%	10.46%	18.43%	15.56%

Correlation

The correlation between AVDV and AVMV is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.61

The correlation between AVDV and AVMV has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

AVDV vs. AVMV - Sectors Allocation Comparison

Sectors	AVDV	AVMV
Basic Materials	22.5%	3.8%
Industrials	21.3%	14.7%
Consumer Cyclical	14.4%	18.0%
Financial Services	13.7%	23.6%
Energy	10.8%	14.7%
Technology	6.4%	7.3%
Consumer Defensive	3.4%	8.3%
Healthcare	2.1%	6.4%
Communication Services	2.0%	1.7%
Utilities	1.7%	0.5%
Real Estate	1.1%	1.0%

Return for Risk

AVDV vs. AVMV — Risk / Return Rank

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

AVDV

AVDV Risk / Return Rank: 78
AVDV Sharpe Ratio Rank: 85
AVDV Sortino Ratio Rank: 83
AVDV Omega Ratio Rank: 84
AVDV Calmar Ratio Rank: 66
AVDV Martin Ratio Rank: 72

AVMV

AVMV Risk / Return Rank: 57
AVMV Sharpe Ratio Rank: 53
AVMV Sortino Ratio Rank: 55
AVMV Omega Ratio Rank: 51
AVMV Calmar Ratio Rank: 66
AVMV Martin Ratio Rank: 61

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.

AVDV vs. AVMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Avantis U.S. Mid Cap Value ETF (AVMV). 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.

	AVDV	AVMV	Difference
Sharpe ratio: Return per unit of total volatility	2.86	1.84	+1.02
Sortino ratio: Return per unit of downside risk	3.79	2.68	+1.11
Omega ratio: Gain probability vs. loss probability	1.52	1.32	+0.19
Calmar ratio: Return relative to maximum drawdown	3.37	3.34	+0.03
Martin ratio: Return relative to average drawdown	13.67	10.97	+2.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVDV vs. AVMV - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.86, which is higher than the AVMV Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of AVDV and AVMV, 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

	AVDV	AVMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	1.84	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.28	-0.47

Drawdowns

AVDV vs. AVMV - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than AVMV's maximum drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for AVDV and AVMV.

Drawdown Indicators

	AVDV	AVMV	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-24.24%	-18.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-7.63%	-5.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	—	—
Current Drawdown Current decline from peak	-1.35%	-0.15%	-1.20%
Average Drawdown Average peak-to-trough decline	-6.77%	-3.89%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.31%	+0.93%

Volatility

AVDV vs. AVMV - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 4.92% compared to Avantis U.S. Mid Cap Value ETF (AVMV) at 3.11%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than AVMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	AVMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	3.11%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	9.47%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	13.89%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	17.97%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	17.97%	+1.76%

AVDV vs. AVMV - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is higher than AVMV's 0.20% expense ratio.

Dividends

AVDV vs. AVMV - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 2.74%, more than AVMV's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.74%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
AVMV Avantis U.S. Mid Cap Value ETF	1.02%	1.20%	1.30%	0.25%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and AVMV in my portfolio?

AVDV and AVMV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDV or AVMV?

AVDV has higher volatility (4.92%) compared to AVMV (3.11%). In terms of maximum drawdown, AVDV dropped -43.01% vs AVMV's -24.24%.

Which ETF is better, AVDV or AVMV?

On 1-year performance, AVDV leads with 44.23% vs 25.32% for AVMV. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDV or AVMV?

Over the 1-year period, AVDV has performed better with a 44.23% return vs 25.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDV or AVMV?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.36% for AVDV.

Which ETF pays a higher dividend yield, AVDV or AVMV?

AVDV has the higher dividend yield at 2.74%, compared with 1.02% for AVMV.

What is the main difference between AVDV and AVMV?

AVDV is categorized as Foreign Small & Mid Cap Equities, while AVMV is Mid Cap Value Equities. Their fees differ too: 0.36% for AVDV and 0.20% for AVMV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.86 vs 1.84), 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.