AVDV vs. IEI
AVDV (Avantis International Small Cap Value ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. AVDV is actively managed, while IEI is passively managed. Over the past 5 years, AVDV returned 13.63%/yr vs 0.21%/yr for IEI. At a 0.05 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.15%/yr for IEI.
Performance
AVDV vs. IEI - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 14.99% return, which is significantly higher than IEI's -0.30% return.
AVDV
- 1D
- 0.89%
- 1M
- -1.99%
- YTD
- 14.99%
- 6M
- 17.18%
- 1Y
- 41.91%
- 3Y*
- 26.72%
- 5Y*
- 13.63%
- 10Y*
- —
IEI
- 1D
- -0.12%
- 1M
- 0.10%
- YTD
- -0.30%
- 6M
- -0.00%
- 1Y
- 3.16%
- 3Y*
- 3.77%
- 5Y*
- 0.21%
- 10Y*
- 1.24%
AVDV vs. IEI - 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% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.30% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 0.05% |
Correlation
The correlation between AVDV and IEI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.05 |
Over the past year, AVDV and IEI have become more correlated (0.29) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
AVDV vs. IEI — Risk / Return Rank
AVDV
IEI
AVDV vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and iShares 3-7 Year Treasury Bond ETF (IEI). 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 | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.17 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.19 | +1.92 |
| Martin ratioReturn relative to average drawdown | 12.44 | 3.35 | +9.09 |
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Drawdowns
AVDV vs. IEI - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for AVDV and IEI.
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Drawdown Indicators
| AVDV | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -14.60% | -28.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -2.50% | -10.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -3.66% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -13.88% | -14.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.60% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.74% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -2.67% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 0.89% | +2.41% |
Volatility
AVDV vs. IEI - Volatility Comparison
Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.98%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 0.98% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 2.18% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 3.00% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 4.78% | +12.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 3.93% | +15.84% |
AVDV vs. IEI - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
AVDV vs. IEI - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 4.11%, more than IEI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
AVDV and IEI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDV has higher volatility (6.26%) compared to IEI (0.98%). In terms of maximum drawdown, AVDV dropped -43.01% vs IEI's -14.60%.
On 5-year performance, AVDV leads with 13.63% vs 0.21% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDV has performed better with a 13.63% return vs 0.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.36% for AVDV.
AVDV has the higher dividend yield at 4.11%, compared with 3.64% for IEI.
AVDV is categorized as Foreign Small & Mid Cap Equities, while IEI is Government Bonds. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.36% for AVDV and 0.15% for IEI.
AVDV currently has the higher Sharpe Ratio (2.53 vs 1.00), 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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