AVDVX vs. AVDV
AVDVX (Avantis International Small Cap Value Fund) and AVDV (Avantis International Small Cap Value ETF) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, AVDVX returned 14.80%/yr vs 14.72%/yr for AVDV. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.36% expense ratio.
Performance
AVDVX vs. AVDV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AVDVX having a 15.65% return and AVDV slightly lower at 15.21%.
AVDVX
- 1D
- 0.16%
- 1M
- 0.05%
- YTD
- 15.65%
- 6M
- 17.22%
- 1Y
- 43.90%
- 3Y*
- 26.32%
- 5Y*
- 14.80%
- 10Y*
- —
AVDV
- 1D
- -0.21%
- 1M
- -0.22%
- YTD
- 15.21%
- 6M
- 16.63%
- 1Y
- 43.93%
- 3Y*
- 26.56%
- 5Y*
- 14.72%
- 10Y*
- —
AVDVX vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDVX Avantis International Small Cap Value Fund | 15.65% | 48.24% | 8.41% | 16.75% | -10.88% | 15.46% | 5.65% | 5.61% |
AVDV Avantis International Small Cap Value ETF | 15.21% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 5.74% |
Correlation
The correlation between AVDVX and AVDV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.97 |
The correlation between AVDVX and AVDV has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
AVDVX vs. AVDV — Risk / Return Rank
AVDVX
AVDV
AVDVX vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund (AVDVX) and Avantis International Small Cap Value ETF (AVDV). 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 | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.26 | +0.07 |
| Martin ratioReturn relative to average drawdown | 13.00 | 13.01 | -0.01 |
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Drawdowns
AVDVX vs. AVDV - Drawdown Comparison
The maximum AVDVX drawdown since its inception was -43.06%, roughly equal to the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for AVDVX and AVDV.
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Drawdown Indicators
| AVDVX | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -43.01% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -13.19% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -14.17% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -28.08% | +0.71% |
Current DrawdownCurrent decline from peak | -2.07% | -2.05% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -6.75% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.30% | +0.01% |
Volatility
AVDVX vs. AVDV - Volatility Comparison
Avantis International Small Cap Value Fund (AVDVX) and Avantis International Small Cap Value ETF (AVDV) have volatilities of 5.78% and 5.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDVX | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 5.89% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 13.94% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 16.26% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 17.39% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 19.75% | -0.32% |
AVDVX vs. AVDV - Expense Ratio Comparison
Both AVDVX and AVDV have an expense ratio of 0.36%.
Dividends
AVDVX vs. AVDV - Dividend Comparison
AVDVX's dividend yield for the trailing twelve months is around 9.06%, more than AVDV's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 4.10% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
AVDVX Avantis International Small Cap Value Fund | 9.06% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% |
Frequently Asked Questions
With a correlation of 0.96, AVDVX and AVDV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVDV has higher volatility (5.89%) compared to AVDVX (5.78%). In terms of maximum drawdown, AVDVX dropped -43.06% vs AVDV's -43.01%.
AVDVX currently has the higher Sharpe Ratio (2.71 vs 2.65), 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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