AVDVX vs. ISVL

Last updated Jun 4, 2026

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 14.15%/yr vs 10.07%/yr for ISVL. Their correlation of 0.95 suggests significant overlap in exposure. AVDVX charges 0.36%/yr vs 0.30%/yr for ISVL.

Performance

AVDVX vs. ISVL - Performance Comparison

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

Returns By Period

In the year-to-date period, AVDVX achieves a 17.18% return, which is significantly higher than ISVL's 8.45% return.

AVDVX

• 1D: 0.21%
• 1M: 3.96%
• YTD: 17.18%
• 6M: 20.98%
• 1Y: 45.11%
• 3Y*: 28.14%
• 5Y*: 14.15%
• 10Y*: —

ISVL

• 1D: -1.11%
• 1M: 2.16%
• YTD: 8.45%
• 6M: 12.58%
• 1Y: 28.37%
• 3Y*: 21.34%
• 5Y*: 10.07%
• 10Y*: —

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

AVDVX vs. ISVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVDVX Avantis International Small Cap Value Fund	17.18%	48.24%	8.41%	16.75%	-10.88%	7.15%
ISVL iShares International Developed Small Cap Value Factor ETF	8.45%	42.84%	4.58%	17.56%	-13.69%	7.69%

Correlation

The correlation between AVDVX and ISVL is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.95

The correlation between AVDVX and ISVL has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

AVDVX vs. ISVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVDVX

AVDVX Risk / Return Rank: 80
AVDVX Sharpe Ratio Rank: 89
AVDVX Sortino Ratio Rank: 82
AVDVX Omega Ratio Rank: 80
AVDVX Calmar Ratio Rank: 76
AVDVX Martin Ratio Rank: 71

ISVL

ISVL Risk / Return Rank: 54
ISVL Sharpe Ratio Rank: 57
ISVL Sortino Ratio Rank: 57
ISVL Omega Ratio Rank: 58
ISVL Calmar Ratio Rank: 46
ISVL Martin Ratio Rank: 52

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.

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.

	AVDVX	ISVL	Difference
Sharpe ratio: Return per unit of total volatility	2.92	1.98	+0.95
Sortino ratio: Return per unit of downside risk	3.88	2.78	+1.10
Omega ratio: Gain probability vs. loss probability	1.52	1.36	+0.16
Calmar ratio: Return relative to maximum drawdown	3.44	2.28	+1.15
Martin ratio: Return relative to average drawdown	13.67	8.95	+4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVDVX vs. ISVL - Sharpe Ratio Comparison

The current AVDVX Sharpe Ratio is 2.92, which is higher than the ISVL Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of AVDVX and ISVL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVDVX	ISVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	1.98	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.60	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.70	+0.10

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.

Drawdown Indicators

	AVDVX	ISVL	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.78%	-2.16%	+1.38%
Average Drawdown Average peak-to-trough decline	-6.72%	-6.66%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	3.18%	+0.06%

Volatility

AVDVX vs. ISVL - Volatility Comparison

Avantis International Small Cap Value Fund (AVDVX) and iShares International Developed Small Cap Value Factor ETF (ISVL) have volatilities of 4.50% and 4.54%, 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.

Volatility by Period

	AVDVX	ISVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	4.54%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	12.01%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	14.47%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	16.90%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	16.78%	+2.63%

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 8.94%, more than ISVL's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDVX Avantis International Small Cap Value Fund	8.94%	10.48%	4.35%	3.52%	3.33%	4.23%	1.35%	0.39%
ISVL iShares International Developed Small Cap Value Factor ETF	2.48%	2.69%	3.92%	3.82%	3.37%	2.82%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVDVX and ISVL in my portfolio?

With a correlation of 0.90, AVDVX and ISVL 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.

Which is riskier, AVDVX or ISVL?

ISVL has higher volatility (4.54%) compared to AVDVX (4.50%). In terms of maximum drawdown, AVDVX dropped -43.06% vs ISVL's -30.48%.

Which has better risk-adjusted returns?

AVDVX currently has the higher Sharpe Ratio (2.92 vs 1.98), 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.