AVDV vs. CVMIX
Compare and contrast key facts about Avantis International Small Cap Value ETF (AVDV) and Calvert Emerging Markets Equity Fund (CVMIX).
AVDV is an actively managed fund by Avantis. It was launched on Sep 24, 2019. CVMIX is managed by Calvert Research and Management. It was launched on Oct 30, 2012.
Performance
AVDV vs. CVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 7.34% return, which is significantly higher than CVMIX's 3.65% return.
AVDV
- 1D
- -0.97%
- 1M
- -2.94%
- YTD
- 7.34%
- 6M
- 13.75%
- 1Y
- 65.77%
- 3Y*
- 23.93%
- 5Y*
- 13.58%
- 10Y*
- —
CVMIX
- 1D
- -1.00%
- 1M
- -3.79%
- YTD
- 3.65%
- 6M
- 8.94%
- 1Y
- 47.76%
- 3Y*
- 14.73%
- 5Y*
- 1.74%
- 10Y*
- 8.22%
AVDV vs. CVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 7.34% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 12.05% |
CVMIX Calvert Emerging Markets Equity Fund | 3.65% | 36.77% | 6.37% | 4.74% | -22.57% | -7.43% | 24.88% | 10.07% |
Correlation
The correlation between AVDV and CVMIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
AVDV vs. CVMIX - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is lower than CVMIX's 0.99% expense ratio.
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Return for Risk
AVDV vs. CVMIX — Risk / Return Rank
AVDV
CVMIX
AVDV vs. CVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Calvert Emerging Markets Equity Fund (CVMIX). 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 | CVMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.69 | 1.89 | +0.80 |
Sortino ratioReturn per unit of downside risk | 3.38 | 2.48 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.76 | 2.49 | +1.27 |
Martin ratioReturn relative to average drawdown | 15.42 | 10.37 | +5.05 |
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 | CVMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.89 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.10 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.37 | +0.38 |
Drawdowns
AVDV vs. CVMIX - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, roughly equal to the maximum CVMIX drawdown of -43.96%. Use the drawdown chart below to compare losses from any high point for AVDV and CVMIX.
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Drawdown Indicators
| AVDV | CVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -43.96% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -14.95% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -40.71% | +12.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.96% | — |
Current DrawdownCurrent decline from peak | -8.38% | -11.50% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -14.37% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.59% | -0.37% |
Volatility
AVDV vs. CVMIX - Volatility Comparison
The current volatility for Avantis International Small Cap Value ETF (AVDV) is 7.51%, while Calvert Emerging Markets Equity Fund (CVMIX) has a volatility of 9.39%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than CVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | CVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 9.39% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 15.20% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 19.71% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 17.86% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 18.15% | +1.61% |
Dividends
AVDV vs. CVMIX - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 2.97%, more than CVMIX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.97% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
CVMIX Calvert Emerging Markets Equity Fund | 2.18% | 2.26% | 0.63% | 0.92% | 0.79% | 0.76% | 0.41% | 0.68% | 1.24% | 0.27% | 0.84% | 1.26% |