AVDV vs. GMOI

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and GMOI (GMO International Value ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. AVDV is actively managed, while GMOI is passively managed. Over the past year, AVDV returned 41.91% vs 37.41% for GMOI. Their correlation of 0.85 suggests significant overlap in exposure. AVDV charges 0.36%/yr vs 0.60%/yr for GMOI.

Performance

AVDV vs. GMOI - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with AVDV having a 14.99% return and GMOI slightly lower at 14.33%.

AVDV

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

GMOI

• 1D: 0.48%
• 1M: 1.10%
• YTD: 14.33%
• 6M: 15.48%
• 1Y: 37.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDV vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	-1.13%
GMOI GMO International Value ETF	14.33%	45.64%	-4.48%

Correlation

The correlation between AVDV and GMOI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.85

The correlation between AVDV and GMOI has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

AVDV vs. GMOI — 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

GMOI

GMOI Risk / Return Rank: 89
GMOI Sharpe Ratio Rank: 90
GMOI Sortino Ratio Rank: 90
GMOI Omega Ratio Rank: 88
GMOI Calmar Ratio Rank: 87
GMOI Martin Ratio Rank: 88

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. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and GMO International Value ETF (GMOI). 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	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.69	-0.16
Sortino ratio: Return per unit of downside risk	3.36	3.70	-0.34
Omega ratio: Gain probability vs. loss probability	1.46	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	3.12	4.33	-1.22
Martin ratio: Return relative to average drawdown	12.44	17.08	-4.63

AVDV vs. GMOI - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is comparable to the GMOI Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of AVDV and GMOI, 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. GMOI - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for AVDV and GMOI.

Drawdown Indicators

	AVDV	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-14.67%	-28.34%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-8.36%	-4.83%
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%	0.00%	-2.24%
Average Drawdown Average peak-to-trough decline	-6.76%	-1.69%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.13%	+1.17%

Volatility

AVDV vs. GMOI - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to GMO International Value ETF (GMOI) at 4.15%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than GMOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	4.15%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	10.62%	+3.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	13.47%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	15.62%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	15.62%	+4.15%

AVDV vs. GMOI - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

AVDV vs. GMOI - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than GMOI's 2.39% yield.

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%
GMOI GMO International Value ETF	2.39%	2.74%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and GMOI in my portfolio?

AVDV and GMOI have a correlation of 0.85, 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 GMOI?

AVDV has higher volatility (6.26%) compared to GMOI (4.15%). In terms of maximum drawdown, AVDV dropped -43.01% vs GMOI's -14.67%.

Which ETF is better, AVDV or GMOI?

On 1-year performance, AVDV leads with 41.91% vs 37.41% for GMOI. On fees, AVDV is cheaper at 0.36% per year. On volatility, GMOI has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDV or GMOI?

Over the 1-year period, AVDV has performed better with a 41.91% return vs 37.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDV or GMOI?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.60% for GMOI.

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

AVDV has the higher dividend yield at 4.11%, compared with 2.39% for GMOI.

What is the main difference between AVDV and GMOI?

AVDV is categorized as Foreign Small & Mid Cap Equities, while GMOI is Foreign Large Cap Equities. They also come from different issuers: Avantis and GMO. Their fees differ too: 0.36% for AVDV and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.69 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.