AVDV vs. BITB

Last updated Jun 14, 2026

AVDV (Avantis International Small Cap Value ETF) and BITB (Bitwise Bitcoin ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while BITB is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. AVDV is actively managed, while BITB is passively managed. Over the past year, AVDV returned 41.91% vs -39.67% for BITB. At a 0.31 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.20%/yr for BITB.

Performance

AVDV vs. BITB - Performance Comparison

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

Returns By Period

In the year-to-date period, AVDV achieves a 14.99% return, which is significantly higher than BITB's -27.42% return.

AVDV

• 1D: 0.89%
• 1M: 0.12%
• YTD: 14.99%
• 6M: 17.18%
• 1Y: 41.91%
• 3Y*: 26.72%
• 5Y*: 13.63%
• 10Y*: —

BITB

• 1D: 0.03%
• 1M: -19.63%
• YTD: -27.42%
• 6M: -29.61%
• 1Y: -39.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDV vs. BITB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	10.02%
BITB Bitwise Bitcoin ETF	-27.42%	-6.47%	89.74%

Correlation

The correlation between AVDV and BITB is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.31

Return for Risk

AVDV vs. BITB — Risk / Return Rank

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

AVDV

AVDV Risk / Return Rank: 81
AVDV Sharpe Ratio Rank: 88
AVDV Sortino Ratio Rank: 86
AVDV Omega Ratio Rank: 86
AVDV Calmar Ratio Rank: 71
AVDV Martin Ratio Rank: 76

BITB

BITB Risk / Return Rank: 3
BITB Sharpe Ratio Rank: 2
BITB Sortino Ratio Rank: 3
BITB Omega Ratio Rank: 3
BITB Calmar Ratio Rank: 3
BITB Martin Ratio Rank: 2

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. BITB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Bitwise Bitcoin ETF (BITB). 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	BITB	Difference
Sharpe ratio: Return per unit of total volatility	2.53	-0.93	+3.46
Sortino ratio: Return per unit of downside risk	3.36	-1.31	+4.67
Omega ratio: Gain probability vs. loss probability	1.46	0.85	+0.60
Calmar ratio: Return relative to maximum drawdown	3.12	-0.78	+3.90
Martin ratio: Return relative to average drawdown	12.44	-1.37	+13.82

AVDV vs. BITB - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is higher than the BITB Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of AVDV and BITB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVDV vs. BITB - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum BITB drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for AVDV and BITB.

Drawdown Indicators

	AVDV	BITB	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-52.04%	+9.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-52.04%	+38.85%
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	-2.24%	-49.44%	+47.20%
Average Drawdown Average peak-to-trough decline	-6.76%	-16.54%	+9.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	29.62%	-26.32%

Volatility

AVDV vs. BITB - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while Bitwise Bitcoin ETF (BITB) has a volatility of 11.94%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	BITB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	11.94%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	34.40%	-20.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	43.98%	-27.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	50.04%	-32.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	50.04%	-30.27%

AVDV vs. BITB - Expense Ratio Comparison

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

Dividends

AVDV vs. BITB - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, while BITB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	4.11%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
BITB Bitwise Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and BITB in my portfolio?

AVDV and BITB have a correlation of 0.37, 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 BITB?

BITB has higher volatility (11.94%) compared to AVDV (6.26%). In terms of maximum drawdown, AVDV dropped -43.01% vs BITB's -52.04%.

Which ETF is better, AVDV or BITB?

On 1-year performance, AVDV leads with 41.91% vs -39.67% for BITB. On fees, BITB is cheaper at 0.20% per year. On volatility, AVDV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDV or BITB?

Over the 1-year period, AVDV has performed better with a 41.91% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDV or BITB?

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

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

AVDV has the higher dividend yield at 4.11%, compared with 0.00% for BITB.

What is the main difference between AVDV and BITB?

AVDV is categorized as Foreign Small & Mid Cap Equities, while BITB is Cryptocurrency. They also come from different issuers: Avantis and Bitwise Asset Management. Their fees differ too: 0.36% for AVDV and 0.20% for BITB.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.53 vs -0.93), 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.