AVDV vs. GSIB

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while GSIB is a Financials Equities fund actively managed by Themes. Both are actively managed. Over the past year, AVDV returned 41.91% vs 47.83% for GSIB. A 0.67 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.35%/yr for GSIB.

Performance

AVDV vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and Themes Global Systemically Important Banks ETF (GSIB). 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 GSIB's 13.98% return.

AVDV

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

GSIB

• 1D: 1.92%
• 1M: 6.99%
• YTD: 13.98%
• 6M: 16.88%
• 1Y: 47.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDV vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	8.67%	3.08%
GSIB Themes Global Systemically Important Banks ETF	13.98%	61.67%	32.86%	1.75%

Correlation

The correlation between AVDV and GSIB is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.67

The correlation between AVDV and GSIB has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

AVDV vs. GSIB - Sectors Allocation Comparison

Sectors	AVDV	GSIB
Basic Materials	22.5%	-
Industrials	21.3%	-
Consumer Cyclical	14.4%	-
Financial Services	13.7%	100.0%
Energy	10.8%	-
Technology	6.4%	-
Consumer Defensive	3.4%	-
Healthcare	2.1%	-
Communication Services	2.0%	-
Utilities	1.7%	-
Real Estate	1.1%	-

Return for Risk

AVDV vs. GSIB — 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

GSIB

GSIB Risk / Return Rank: 81
GSIB Sharpe Ratio Rank: 89
GSIB Sortino Ratio Rank: 89
GSIB Omega Ratio Rank: 83
GSIB Calmar Ratio Rank: 74
GSIB Martin Ratio Rank: 71

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. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Themes Global Systemically Important Banks ETF (GSIB). 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	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.59	-0.05
Sortino ratio: Return per unit of downside risk	3.36	3.58	-0.22
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.12	3.28	-0.16
Martin ratio: Return relative to average drawdown	12.44	11.54	+0.90

AVDV vs. GSIB - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is comparable to the GSIB Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of AVDV and GSIB, 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. GSIB - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for AVDV and GSIB.

Drawdown Indicators

	AVDV	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-17.71%	-25.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-13.90%	+0.71%
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%	-2.05%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.94%	-0.64%

Volatility

AVDV vs. GSIB - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.59%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	5.59%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	14.41%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	17.63%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	18.51%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	18.51%	+1.26%

AVDV vs. GSIB - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

AVDV vs. GSIB - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than GSIB's 1.67% 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%
GSIB Themes Global Systemically Important Banks ETF	1.67%	1.91%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and GSIB in my portfolio?

AVDV and GSIB have a correlation of 0.70, 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 GSIB?

AVDV has higher volatility (6.26%) compared to GSIB (5.59%). In terms of maximum drawdown, AVDV dropped -43.01% vs GSIB's -17.71%.

Which ETF is better, AVDV or GSIB?

On 1-year performance, GSIB leads with 47.83% vs 41.91% for AVDV. On fees, GSIB is cheaper at 0.35% per year. On volatility, GSIB has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDV or GSIB?

Over the 1-year period, GSIB has performed better with a 47.83% return vs 41.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDV or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 0.36% for AVDV.

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

AVDV has the higher dividend yield at 4.11%, compared with 1.67% for GSIB.

What is the main difference between AVDV and GSIB?

AVDV is categorized as Foreign Small & Mid Cap Equities, while GSIB is Financials Equities. They also come from different issuers: Avantis and Themes. Their fees differ too: 0.36% for AVDV and 0.35% for GSIB.

Which has better risk-adjusted returns?

GSIB currently has the higher Sharpe Ratio (2.59 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.