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AVDV vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDV vs. EWY

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and EWY (iShares MSCI South Korea ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while EWY is a Asia Pacific Equities fund tracking the MSCI Korea Index. AVDV is actively managed, while EWY is passively managed. Over the past 5 years, AVDV returned 13.63%/yr vs 18.80%/yr for EWY. A 0.64 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.59%/yr for EWY.

Performance

AVDV vs. EWY - Performance Comparison

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

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Returns By Period

In the year-to-date period, AVDV achieves a 14.99% return, which is significantly lower than EWY's 103.10% return.

AVDV

1D
0.89%
1M
-1.99%
YTD
14.99%
6M
17.18%
1Y
41.91%
3Y*
26.72%
5Y*
13.63%
10Y*
—

EWY

1D
-0.75%
1M
3.64%
YTD
103.10%
6M
117.85%
1Y
203.95%
3Y*
46.46%
5Y*
18.80%
10Y*
16.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDV vs. EWY - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%
EWY
iShares MSCI South Korea ETF		103.10%95.33%-20.48%19.05%-26.59%-7.58%39.43%12.47%

Correlation

The correlation between AVDV and EWY is 0.54, 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

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.64

The correlation between AVDV and EWY has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.

AVDV vs. EWY - Sectors Allocation Comparison

Sectors
AVDV
EWY

Basic Materials

22.5%
2.0%

Industrials

21.3%
20.4%

Consumer Cyclical

14.4%
5.7%

Financial Services

13.7%
9.6%

Energy

10.8%
1.4%

Technology

6.4%
52.4%

Consumer Defensive

3.4%
1.7%

Healthcare

2.1%
3.5%

Communication Services

2.0%
2.9%

Utilities

1.7%
0.4%

Real Estate

1.1%

-

Basic Materials

AVDV
22.5%
EWY
2.0%

Industrials

AVDV
21.3%
EWY
20.4%

Consumer Cyclical

AVDV
14.4%
EWY
5.7%

Financial Services

AVDV
13.7%
EWY
9.6%

Energy

AVDV
10.8%
EWY
1.4%

Technology

AVDV
6.4%
EWY
52.4%

Consumer Defensive

AVDV
3.4%
EWY
1.7%

Healthcare

AVDV
2.1%
EWY
3.5%

Communication Services

AVDV
2.0%
EWY
2.9%

Utilities

AVDV
1.7%
EWY
0.4%

Real Estate

AVDV
1.1%
EWY

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis International Small Cap Value ETF

iShares MSCI South Korea ETF

Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV
Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. QQQEWY vs. EWTEWY vs. EWH

Return for Risk

AVDV vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
EWY
EWY Risk / Return Rank: 9595
Overall Rank
EWY Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9393
Sortino Ratio Rank
EWY Omega Ratio Rank: 9494
Omega Ratio Rank
EWY Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
Martin Ratio Rank
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. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and iShares MSCI South Korea ETF (EWY). 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.

AVDVEWYDifference
Sharpe ratioReturn per unit of total volatility
2.53
4.29

-1.76

Sortino ratioReturn per unit of downside risk
3.36
4.08

-0.72

Omega ratioGain probability vs. loss probability

1.46

1.59

-0.13

Calmar ratioReturn relative to maximum drawdown

3.12

8.65

-5.53

Martin ratioReturn relative to average drawdown

12.44

30.24

-17.79

AVDV vs. EWY - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is lower than the EWY Sharpe Ratio of 4.29. The chart below compares the historical Sharpe Ratios of AVDV and EWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVDV vs. EWY - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for AVDV and EWY.

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Drawdown Indicators

AVDVEWYDifference

Max Drawdown

Largest peak-to-trough decline

-43.01%

-74.14%

+31.13%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-23.08%

+9.89%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-27.36%

+13.19%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-48.55%

+20.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.73%

—

Current Drawdown

Current decline from peak

-2.24%

-8.88%

+6.64%

Average Drawdown

Average peak-to-trough decline

-6.76%

-20.11%

+13.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

6.59%

-3.29%

Volatility

AVDV vs. EWY - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while iShares MSCI South Korea ETF (EWY) has a volatility of 25.64%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDVEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.26%

25.64%

-19.38%

Volatility (6M)

Calculated over the trailing 6-month period

13.88%

42.65%

-28.77%

Volatility (1Y)

Calculated over the trailing 1-year period

16.25%

46.51%

-30.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

30.15%

-12.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

28.06%

-8.29%

AVDV vs. EWY - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than EWY's 0.59% expense ratio.

Dividends

AVDV vs. EWY - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than EWY's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
EWY
iShares MSCI South Korea ETF		1.03%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%

Frequently Asked Questions

AVDV and EWY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (25.64%) compared to AVDV (6.26%). In terms of maximum drawdown, AVDV dropped -43.01% vs EWY's -74.14%.

On 5-year performance, EWY leads with 18.80% vs 13.63% for AVDV. On fees, AVDV is cheaper at 0.36% 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.

Over the 5-year period, EWY has performed better with a 18.80% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.59% for EWY.

AVDV has the higher dividend yield at 4.11%, compared with 1.03% for EWY.

AVDV is categorized as Foreign Small & Mid Cap Equities, while EWY is Asia Pacific Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.36% for AVDV and 0.59% for EWY.

EWY currently has the higher Sharpe Ratio (4.29 vs 2.53), 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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