AVDV vs. IEAA.L
AVDV (Avantis International Small Cap Value ETF) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. AVDV is actively managed, while IEAA.L is passively managed. Over the past 5 years, AVDV returned 13.63%/yr vs -0.85%/yr for IEAA.L. A 0.51 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.20%/yr for IEAA.L.
Performance
AVDV vs. IEAA.L - Performance Comparison
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Different Trading Currencies
AVDV is traded in USD, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVDV achieves a 14.99% return, which is significantly higher than IEAA.L's -0.79% return.
AVDV
- 1D
- 0.89%
- 1M
- -1.95%
- YTD
- 14.99%
- 6M
- 17.18%
- 1Y
- 40.93%
- 3Y*
- 26.72%
- 5Y*
- 13.63%
- 10Y*
- —
IEAA.L
- 1D
- 0.27%
- 1M
- -0.33%
- YTD
- -0.79%
- 6M
- -0.37%
- 1Y
- 1.96%
- 3Y*
- 7.11%
- 5Y*
- -0.85%
- 10Y*
- —
AVDV vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 14.99% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 11.78% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.79% | 16.92% | -2.04% | 10.87% | -18.60% | -7.85% | 11.79% | 2.21% |
Correlation
The correlation between AVDV and IEAA.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.51 |
The correlation between AVDV and IEAA.L has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.
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Return for Risk
AVDV vs. IEAA.L — Risk / Return Rank
AVDV
IEAA.L
AVDV vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L). 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 | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.05 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 0.30 | +2.82 |
| Martin ratioReturn relative to average drawdown | 12.44 | 0.79 | +11.65 |
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Drawdowns
AVDV vs. IEAA.L - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, which is greater than IEAA.L's maximum drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for AVDV and IEAA.L.
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Drawdown Indicators
| AVDV | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -34.71% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -6.58% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -8.36% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -33.23% | +5.15% |
Current DrawdownCurrent decline from peak | -2.24% | -6.28% | +4.04% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -11.51% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.47% | +0.83% |
Volatility
AVDV vs. IEAA.L - Volatility Comparison
Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) at 2.28%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.28% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 5.92% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 7.69% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 9.36% | +8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 8.80% | +10.97% |
AVDV vs. IEAA.L - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is higher than IEAA.L's 0.20% expense ratio.
Dividends
AVDV vs. IEAA.L - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 4.11%, while IEAA.L 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% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVDV and IEAA.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAA.L is cheaper with a 0.20% expense ratio, compared with 0.36% for AVDV.
AVDV is categorized as Foreign Small & Mid Cap Equities, while IEAA.L is European Corporate Bonds. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.36% for AVDV and 0.20% for IEAA.L.
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