AVDV vs. SHLD

Last updated Jun 14, 2026

AVDV (Avantis International Small Cap Value ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. AVDV is actively managed, while SHLD is passively managed. Over the past year, AVDV returned 41.91% vs 8.26% for SHLD. At a 0.45 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.50%/yr for SHLD.

Performance

AVDV vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and Global X Defense Tech ETF (SHLD). 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 higher than SHLD's -1.50% return.

AVDV

• 1D: 0.89%
• 1M: 0.12%
• YTD: 14.99%
• 6M: 17.18%
• 1Y: 41.91%
• 3Y*: 26.72%
• 5Y*: 13.63%
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDV vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	8.67%	7.52%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between AVDV and SHLD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.45

AVDV vs. SHLD - Sectors Allocation Comparison

Sectors	AVDV	SHLD
Industrials	22.8%	87.8%
Basic Materials	21.0%	-
Consumer Cyclical	15.4%	-
Financial Services	13.6%	-
Energy	9.6%	-
Technology	6.6%	12.2%
Consumer Defensive	3.4%	-
Communication Services	2.4%	-
Healthcare	2.3%	-
Utilities	1.7%	-
Real Estate	1.3%	-

Return for Risk

AVDV vs. SHLD — 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

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.53	0.43	+2.11
Sortino ratio: Return per unit of downside risk	3.36	0.78	+2.58
Omega ratio: Gain probability vs. loss probability	1.46	1.09	+0.37
Calmar ratio: Return relative to maximum drawdown	3.12	0.52	+2.60
Martin ratio: Return relative to average drawdown	12.44	1.28	+11.16

AVDV vs. SHLD - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of AVDV and SHLD, 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. SHLD - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for AVDV and SHLD.

Drawdown Indicators

	AVDV	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-20.10%	-22.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-20.10%	+6.91%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	—	—
Current Drawdown Current decline from peak	-2.24%	-18.20%	+15.96%
Average Drawdown Average peak-to-trough decline	-6.76%	-3.34%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	8.12%	-4.82%

Volatility

AVDV vs. SHLD - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.26%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDV	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	9.05%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	19.94%	-6.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	24.55%	-8.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	21.29%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	21.29%	-1.52%

AVDV vs. SHLD - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

AVDV vs. SHLD - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, more than SHLD's 0.56% yield.

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%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDV and SHLD in my portfolio?

AVDV and SHLD have a correlation of 0.40, 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 SHLD?

SHLD has higher volatility (9.05%) compared to AVDV (6.26%). In terms of maximum drawdown, AVDV dropped -43.01% vs SHLD's -20.10%.

Which ETF is better, AVDV or SHLD?

On 1-year performance, AVDV leads with 41.91% vs 8.26% for SHLD. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDV or SHLD?

Over the 1-year period, AVDV has performed better with a 41.91% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDV or SHLD?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.50% for SHLD.

Which ETF pays a higher dividend yield, AVDV or SHLD?

AVDV has the higher dividend yield at 4.11%, compared with 0.56% for SHLD.

What is the main difference between AVDV and SHLD?

AVDV is categorized as Foreign Small & Mid Cap Equities, while SHLD is Aerospace & Defense. They also come from different issuers: Avantis and Global X. Their fees differ too: 0.36% for AVDV and 0.50% for SHLD.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.53 vs 0.43), 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.