AVDVX vs. ISVL
AVDVX (Avantis International Small Cap Value Fund) and ISVL (iShares International Developed Small Cap Value Factor ETF) are both funds - AVDVX is a Foreign Small & Mid Cap Equities fund managed by Avantis Investors, while ISVL is a Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index. Over the past 5 years, AVDVX returned 13.56%/yr vs 10.67%/yr for ISVL. Their correlation of 0.94 suggests significant overlap in exposure. AVDVX charges 0.36%/yr vs 0.30%/yr for ISVL.
Performance
AVDVX vs. ISVL - Performance Comparison
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Returns By Period
In the year-to-date period, AVDVX achieves a 12.29% return, which is significantly higher than ISVL's 8.20% return.
AVDVX
- 1D
- -0.86%
- 1M
- -4.92%
- YTD
- 12.29%
- 6M
- 11.74%
- 1Y
- 38.30%
- 3Y*
- 26.64%
- 5Y*
- 13.56%
- 10Y*
- —
ISVL
- 1D
- 0.88%
- 1M
- -1.79%
- YTD
- 8.20%
- 6M
- 8.13%
- 1Y
- 27.57%
- 3Y*
- 21.86%
- 5Y*
- 10.67%
- 10Y*
- —
AVDVX vs. ISVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVDVX Avantis International Small Cap Value Fund | 12.29% | 48.24% | 8.41% | 16.75% | -10.88% | 7.88% |
ISVL iShares International Developed Small Cap Value Factor ETF | 8.20% | 42.84% | 4.58% | 17.56% | -13.69% | 8.32% |
Correlation
The correlation between AVDVX and ISVL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.94 |
The correlation between AVDVX and ISVL has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
AVDVX vs. ISVL — Risk / Return Rank
AVDVX
ISVL
AVDVX vs. ISVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund (AVDVX) and iShares International Developed Small Cap Value Factor ETF (ISVL). 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 | ISVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.22 | +0.74 |
| Martin ratioReturn relative to average drawdown | 11.45 | 8.62 | +2.83 |
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Drawdowns
AVDVX vs. ISVL - Drawdown Comparison
The maximum AVDVX drawdown since its inception was -43.06%, which is greater than ISVL's maximum drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for AVDVX and ISVL.
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Drawdown Indicators
| AVDVX | ISVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -30.48% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -12.48% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -12.93% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -30.48% | +3.11% |
Current DrawdownCurrent decline from peak | -4.92% | -2.39% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -6.60% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.21% | +0.13% |
Volatility
AVDVX vs. ISVL - Volatility Comparison
Avantis International Small Cap Value Fund (AVDVX) has a higher volatility of 6.44% compared to iShares International Developed Small Cap Value Factor ETF (ISVL) at 4.53%. This indicates that AVDVX's price experiences larger fluctuations and is considered to be riskier than ISVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDVX | ISVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 4.53% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 12.52% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 14.83% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 16.93% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 16.77% | +2.68% |
AVDVX vs. ISVL - Expense Ratio Comparison
AVDVX has a 0.36% expense ratio, which is higher than ISVL's 0.30% expense ratio.
Dividends
AVDVX vs. ISVL - Dividend Comparison
AVDVX's dividend yield for the trailing twelve months is around 9.33%, more than ISVL's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDVX Avantis International Small Cap Value Fund | 9.33% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% |
ISVL iShares International Developed Small Cap Value Factor ETF | 3.19% | 2.69% | 3.92% | 3.82% | 3.37% | 2.82% | 0.00% | 0.00% |
Frequently Asked Questions
AVDVX and ISVL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDVX has higher volatility (6.44%) compared to ISVL (4.53%). In terms of maximum drawdown, AVDVX dropped -43.06% vs ISVL's -30.48%.
AVDVX currently has the higher Sharpe Ratio (2.37 vs 1.87), 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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