AVES vs. IVAL
Compare and contrast key facts about Avantis Emerging Markets Value ETF (AVES) and Alpha Architect International Quantitative Value ETF (IVAL).
AVES and IVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021. IVAL is an actively managed fund by Alpha Architect. It was launched on Dec 16, 2014.
Performance
AVES vs. IVAL - Performance Comparison
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AVES vs. IVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 2.97% | 30.49% | 4.50% | 16.79% | -16.04% | 1.32% |
IVAL Alpha Architect International Quantitative Value ETF | 8.42% | 34.92% | -0.71% | 20.61% | -10.06% | -0.15% |
Returns By Period
In the year-to-date period, AVES achieves a 2.97% return, which is significantly lower than IVAL's 8.42% return.
AVES
- 1D
- 3.01%
- 1M
- -9.24%
- YTD
- 2.97%
- 6M
- 6.68%
- 1Y
- 31.64%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
IVAL
- 1D
- 2.88%
- 1M
- -7.11%
- YTD
- 8.42%
- 6M
- 14.13%
- 1Y
- 37.22%
- 3Y*
- 17.52%
- 5Y*
- 8.19%
- 10Y*
- 7.75%
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AVES vs. IVAL - Expense Ratio Comparison
AVES has a 0.36% expense ratio, which is lower than IVAL's 0.39% expense ratio.
Return for Risk
AVES vs. IVAL — Risk / Return Rank
AVES
IVAL
AVES vs. IVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) and Alpha Architect International Quantitative Value ETF (IVAL). 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.
| AVES | IVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 2.13 | -0.37 |
Sortino ratioReturn per unit of downside risk | 2.32 | 2.85 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.40 | 3.24 | -0.84 |
Martin ratioReturn relative to average drawdown | 9.31 | 12.61 | -3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVES | IVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.13 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.33 | +0.14 |
Correlation
The correlation between AVES and IVAL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AVES vs. IVAL - Dividend Comparison
AVES's dividend yield for the trailing twelve months is around 3.19%, more than IVAL's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 3.19% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVAL Alpha Architect International Quantitative Value ETF | 2.77% | 2.75% | 3.60% | 5.15% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% |
Drawdowns
AVES vs. IVAL - Drawdown Comparison
The maximum AVES drawdown since its inception was -27.40%, smaller than the maximum IVAL drawdown of -46.09%. Use the drawdown chart below to compare losses from any high point for AVES and IVAL.
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Drawdown Indicators
| AVES | IVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -46.09% | +18.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -11.24% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.09% | — |
Current DrawdownCurrent decline from peak | -10.28% | -7.11% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -12.12% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.89% | +0.44% |
Volatility
AVES vs. IVAL - Volatility Comparison
Avantis Emerging Markets Value ETF (AVES) has a higher volatility of 8.89% compared to Alpha Architect International Quantitative Value ETF (IVAL) at 7.41%. This indicates that AVES's price experiences larger fluctuations and is considered to be riskier than IVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVES | IVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 7.41% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 11.38% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 17.60% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.67% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 18.91% | -2.18% |