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AVDV vs. QUAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDV vs. QUAL

Last updated Jun 14, 2026

AVDV (Avantis International Small Cap Value ETF) and QUAL (iShares MSCI USA Quality Factor ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. AVDV is actively managed, while QUAL is passively managed. Over the past 5 years, AVDV returned 13.63%/yr vs 11.97%/yr for QUAL. A 0.69 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.15%/yr for QUAL.

Performance

AVDV vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVDV achieves a 14.99% return, which is significantly higher than QUAL's 9.44% return.

AVDV

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

QUAL

1D
0.47%
1M
2.14%
YTD
9.44%
6M
9.29%
1Y
22.87%
3Y*
19.30%
5Y*
11.97%
10Y*
14.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDV vs. QUAL - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%
QUAL
iShares MSCI USA Quality Factor ETF		9.44%12.65%22.29%30.88%-20.50%26.94%17.04%9.72%

Correlation

The correlation between AVDV and QUAL is 0.67, 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

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.69

The correlation between AVDV and QUAL has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.

AVDV vs. QUAL - Sectors Allocation Comparison

Sectors
AVDV
QUAL

Industrials

22.8%
7.2%

Basic Materials

21.0%
1.9%

Consumer Cyclical

15.4%
9.3%

Financial Services

13.6%
10.8%

Energy

9.6%
3.2%

Technology

6.6%
38.8%

Consumer Defensive

3.4%
4.4%

Communication Services

2.4%
11.8%

Healthcare

2.3%
8.7%

Utilities

1.7%
2.1%

Real Estate

1.3%
1.8%

Industrials

AVDV
22.8%
QUAL
7.2%

Basic Materials

AVDV
21.0%
QUAL
1.9%

Consumer Cyclical

AVDV
15.4%
QUAL
9.3%

Financial Services

AVDV
13.6%
QUAL
10.8%

Energy

AVDV
9.6%
QUAL
3.2%

Technology

AVDV
6.6%
QUAL
38.8%

Consumer Defensive

AVDV
3.4%
QUAL
4.4%

Communication Services

AVDV
2.4%
QUAL
11.8%

Healthcare

AVDV
2.3%
QUAL
8.7%

Utilities

AVDV
1.7%
QUAL
2.1%

Real Estate

AVDV
1.3%
QUAL
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis International Small Cap Value ETF

iShares MSCI USA Quality Factor ETF

Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV
Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD

Return for Risk

AVDV vs. QUAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
QUAL
QUAL Risk / Return Rank: 5959
Overall Rank
QUAL Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 6060
Sortino Ratio Rank
QUAL Omega Ratio Rank: 5656
Omega Ratio Rank
QUAL Calmar Ratio Rank: 5353
Calmar Ratio Rank
QUAL Martin Ratio Rank: 6767
Martin Ratio Rank
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. QUAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and iShares MSCI USA Quality Factor ETF (QUAL). 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.

AVDVQUALDifference
Sharpe ratioReturn per unit of total volatility
2.53
1.74

+0.80

Sortino ratioReturn per unit of downside risk
3.36
2.46

+0.90

Omega ratioGain probability vs. loss probability

1.46

1.31

+0.15

Calmar ratioReturn relative to maximum drawdown

3.12

2.32

+0.80

Martin ratioReturn relative to average drawdown

12.44

10.60

+1.84

AVDV vs. QUAL - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is higher than the QUAL Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of AVDV and QUAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVDV vs. QUAL - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for AVDV and QUAL.

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Drawdown Indicators

AVDVQUALDifference

Max Drawdown

Largest peak-to-trough decline

-43.01%

-34.06%

-8.95%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-9.03%

-4.16%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-18.00%

+3.83%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-28.23%

+0.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.06%

—

Current Drawdown

Current decline from peak

-2.24%

-0.19%

-2.05%

Average Drawdown

Average peak-to-trough decline

-6.76%

-4.10%

-2.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

1.99%

+1.31%

Volatility

AVDV vs. QUAL - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 3.63%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDVQUALDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.26%

3.63%

+2.63%

Volatility (6M)

Calculated over the trailing 6-month period

13.88%

9.43%

+4.45%

Volatility (1Y)

Calculated over the trailing 1-year period

16.25%

12.10%

+4.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

17.36%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

18.11%

+1.66%

AVDV vs. QUAL - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is higher than QUAL's 0.15% expense ratio.

Dividends

AVDV vs. QUAL - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than QUAL's 0.87% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QUAL
iShares MSCI USA Quality Factor ETF		0.87%0.94%1.02%1.23%1.59%1.20%1.39%1.60%2.00%1.76%1.96%1.63%

Frequently Asked Questions

AVDV and QUAL have a correlation of 0.67, 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 QUAL (3.63%). In terms of maximum drawdown, AVDV dropped -43.01% vs QUAL's -34.06%.

On 5-year performance, AVDV leads with 13.63% vs 11.97% for QUAL. On fees, QUAL is cheaper at 0.15% per year. On volatility, QUAL has been the lower-risk option at 3.63%. 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 11.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QUAL 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 0.87% for QUAL.

AVDV is categorized as Foreign Small & Mid Cap Equities, while QUAL is Large Cap Blend Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.36% for AVDV and 0.15% for QUAL.

AVDV currently has the higher Sharpe Ratio (2.53 vs 1.74), 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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