AVDV vs. BIL
AVDV (Avantis International Small Cap Value ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. AVDV is actively managed, while BIL is passively managed. Over the past 5 years, AVDV returned 13.33%/yr vs 3.42%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. AVDV charges 0.36%/yr vs 0.14%/yr for BIL.
Performance
AVDV vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 13.22% return, which is significantly higher than BIL's 1.54% return.
AVDV
- 1D
- 0.26%
- 1M
- -2.93%
- YTD
- 13.22%
- 6M
- 16.29%
- 1Y
- 40.16%
- 3Y*
- 26.61%
- 5Y*
- 13.33%
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.54%
- 6M
- 1.78%
- 1Y
- 3.88%
- 3Y*
- 4.62%
- 5Y*
- 3.42%
- 10Y*
- 2.19%
AVDV vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 13.22% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 12.05% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.54% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 0.39% |
Correlation
The correlation between AVDV and BIL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | -0.01 |
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Return for Risk
AVDV vs. BIL — Risk / Return Rank
AVDV
BIL
AVDV vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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 | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.10 | ||
| Sortino ratioReturn per unit of downside risk | -171.32 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 88.16 | -86.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 356.40 | -353.34 |
| Martin ratioReturn relative to average drawdown | 12.34 | 2,826.06 | -2,813.72 |
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
| AVDV | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 19.64 | -17.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 13.23 | -12.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 2.78 | -2.00 |
Drawdowns
AVDV vs. BIL - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for AVDV and BIL.
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Drawdown Indicators
| AVDV | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -0.78% | -42.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -0.01% | -13.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -0.01% | -14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -0.09% | -27.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -3.74% | 0.00% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -0.26% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.00% | +3.26% |
Volatility
AVDV vs. BIL - Volatility Comparison
Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 5.49% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 0.06% | +5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 0.14% | +13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 0.20% | +15.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 0.26% | +17.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 0.26% | +19.49% |
AVDV vs. BIL - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
AVDV vs. BIL - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 2.81%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.81% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Frequently Asked Questions
AVDV and BIL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDV has higher volatility (5.49%) compared to BIL (0.06%). In terms of maximum drawdown, AVDV dropped -43.01% vs BIL's -0.78%.
On 5-year performance, AVDV leads with 13.33% vs 3.42% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDV has performed better with a 13.33% return vs 3.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.36% for AVDV.
BIL has the higher dividend yield at 3.86%, compared with 2.81% for AVDV.
AVDV is categorized as Foreign Small & Mid Cap Equities, while BIL is Government Bonds. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.36% for AVDV and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.64 vs 2.54), 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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