AVDV vs. MFG

Last updated Jun 14, 2026

AVDV (Avantis International Small Cap Value ETF) is Foreign Small & Mid Cap Equities fund actively managed by Avantis, while MFG (Mizuho Financial Group, Inc.) is a stock. Over the past 5 years, AVDV returned 13.63%/yr vs 30.84%/yr for MFG. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

AVDV vs. MFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and Mizuho Financial Group, Inc. (MFG). 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 lower than MFG's 32.24% return.

AVDV

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

MFG

• 1D: 1.68%
• 1M: 11.39%
• YTD: 32.24%
• 6M: 31.34%
• 1Y: 78.46%
• 3Y*: 51.80%
• 5Y*: 30.84%
• 10Y*: 15.72%

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

AVDV vs. MFG - 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%
MFG Mizuho Financial Group, Inc.	32.24%	54.60%	47.85%	26.14%	17.09%	2.40%	-15.06%	-1.90%

Correlation

The correlation between AVDV and MFG is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.54

The correlation between AVDV and MFG has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

AVDV vs. MFG — 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

MFG

MFG Risk / Return Rank: 89
MFG Sharpe Ratio Rank: 93
MFG Sortino Ratio Rank: 91
MFG Omega Ratio Rank: 90
MFG Calmar Ratio Rank: 84
MFG Martin Ratio Rank: 85

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. MFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Mizuho Financial Group, Inc. (MFG). 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	MFG	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.51	+0.03
Sortino ratio: Return per unit of downside risk	3.36	3.18	+0.18
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.12	3.11	+0.01
Martin ratio: Return relative to average drawdown	12.44	8.25	+4.20

AVDV vs. MFG - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is comparable to the MFG Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of AVDV and MFG, 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. MFG - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum MFG drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for AVDV and MFG.

Drawdown Indicators

	AVDV	MFG	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-80.57%	+37.56%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-24.78%	+11.59%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-28.33%	+14.16%
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	-28.33%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.87%	—
Current Drawdown Current decline from peak	-2.24%	-4.06%	+1.82%
Average Drawdown Average peak-to-trough decline	-6.76%	-60.82%	+54.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	9.31%	-6.01%

Volatility

AVDV vs. MFG - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while Mizuho Financial Group, Inc. (MFG) has a volatility of 10.09%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than MFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	MFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	10.09%	-3.83%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	24.20%	-10.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	30.69%	-14.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	29.66%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	26.49%	-6.72%

Dividends

AVDV vs. MFG - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than MFG's 0.96% 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%
MFG Mizuho Financial Group, Inc.	0.96%	2.68%	3.20%	3.73%	4.34%	2.76%	2.71%	0.00%	0.00%	1.86%	3.77%	3.10%

Frequently Asked Questions

Can I hold both AVDV and MFG in my portfolio?

AVDV and MFG have a correlation of 0.58, 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 MFG?

MFG has higher volatility (10.09%) compared to AVDV (6.26%). In terms of maximum drawdown, AVDV dropped -43.01% vs MFG's -80.57%.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.53 vs 2.51), 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.