AVDVX vs. ASMNX

Last updated Aug 4, 2026

AVDVX (Avantis International Small Cap Value Fund Institutional Class) and ASMNX (AQR Small Cap Momentum Style Fund Class N) are both mutual funds - AVDVX is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while ASMNX is a Small Cap Growth Equities fund actively managed by AQR. Both are actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. AVDVX charges 0.36%/yr vs 0.88%/yr for ASMNX.

Performance

AVDVX vs. ASMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value Fund Institutional Class (AVDVX) and AQR Small Cap Momentum Style Fund Class N (ASMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVDVX

• 1D: -1.11%
• 1M: 0.81%
• 6M: 5.79%
• YTD: 13.88%
• 1Y: 35.11%
• 3Y*: 24.46%
• 5Y*: 13.92%
• 10Y*: —
• ALL TIME*: 14.43%

ASMNX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVDVX Avantis International Small Cap Value Fund Institutional Class	$0.00	$0.00	$0.00

AVDVX vs. ASMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDVX Avantis International Small Cap Value Fund Institutional Class	13.88%	48.24%	8.41%	16.75%	-10.88%	15.46%	5.65%	5.61%
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	2.85%

Correlation

The correlation between AVDVX and ASMNX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.67

The correlation between AVDVX and ASMNX shifts across timeframes, from 0.53 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVDVX vs. ASMNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVDVX

AVDVX Risk / Return Rank: 82
AVDVX Sharpe Ratio Rank: 87
AVDVX Sortino Ratio Rank: 82
AVDVX Omega Ratio Rank: 81
AVDVX Calmar Ratio Rank: 81
AVDVX Martin Ratio Rank: 79

ASMNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVDVX vs. ASMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund Institutional Class (AVDVX) and AQR Small Cap Momentum Style Fund Class N (ASMNX). 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.

	AVDVX	ASMNX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	2.96	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	10.00	—	—

Drawdowns

Drawdown Indicators

	AVDVX	ASMNX	Difference
Max Drawdown Largest peak-to-trough decline	-43.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	—	—
Current Drawdown Current decline from peak	-3.57%	—	—
Average Drawdown Average peak-to-trough decline	-6.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	AVDVX	ASMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	—	—

AVDVX vs. ASMNX - Expense Ratio Comparison

AVDVX has a 0.36% expense ratio, which is lower than ASMNX's 0.88% expense ratio.

Dividends

AVDVX vs. ASMNX - Dividend Comparison

AVDVX's dividend yield for the trailing twelve months is around 9.20%, more than ASMNX's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
AVDVX Avantis International Small Cap Value Fund Institutional Class	9.20%	10.48%	4.35%	3.52%	3.33%	4.23%	1.35%	0.39%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDVX and ASMNX in my portfolio?

AVDVX and ASMNX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.