AVDV vs. NVO
AVDV (Avantis International Small Cap Value ETF) is Foreign Small & Mid Cap Equities fund actively managed by Avantis, while NVO (Novo Nordisk A/S) is a stock. Over the past 5 years, AVDV returned 13.63%/yr vs 2.92%/yr for NVO. At a 0.29 correlation, their price movements are largely independent.
Performance
AVDV vs. NVO - 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 NVO's -10.74% return.
AVDV
- 1D
- 0.89%
- 1M
- -1.99%
- YTD
- 14.99%
- 6M
- 17.18%
- 1Y
- 41.91%
- 3Y*
- 26.72%
- 5Y*
- 13.63%
- 10Y*
- —
NVO
- 1D
- -0.18%
- 1M
- -4.19%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -42.47%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
AVDV vs. NVO - 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% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 10.12% |
Correlation
The correlation between AVDV and NVO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.29 |
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Return for Risk
AVDV vs. NVO — Risk / Return Rank
AVDV
NVO
AVDV vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.37 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.85 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | -0.80 | +3.92 |
| Martin ratioReturn relative to average drawdown | 12.44 | -1.18 | +13.63 |
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Drawdowns
AVDV vs. NVO - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for AVDV and NVO.
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Drawdown Indicators
| AVDV | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -74.70% | +31.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -54.34% | +41.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -74.70% | +60.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -74.70% | +46.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -2.24% | -68.11% | +65.87% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -17.79% | +11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 37.62% | -34.32% |
Volatility
AVDV vs. NVO - Volatility Comparison
The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while Novo Nordisk A/S (NVO) has a volatility of 10.68%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 10.68% | -4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 38.04% | -24.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 51.88% | -35.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 38.33% | -20.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 32.56% | -12.79% |
Dividends
AVDV vs. NVO - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 4.11%, which matches NVO's 4.11% 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% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
AVDV and NVO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.68%) compared to AVDV (6.26%). In terms of maximum drawdown, AVDV dropped -43.01% vs NVO's -74.70%.
AVDV currently has the higher Sharpe Ratio (2.53 vs -0.84), 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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