AVGE vs. AVDE

Last updated Jul 31, 2026

AVGE (Avantis All Equity Markets ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - AVGE is a Global Equities fund actively managed by Avantis, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVGE returned 18.33%/yr vs 18.85%/yr for AVDE. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.23% expense ratio.

Performance

AVGE vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets ETF (AVGE) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGE achieves a 15.71% return, which is significantly higher than AVDE's 12.91% return.

AVGE

• 1D: 1.72%
• 1M: -0.38%
• 6M: 9.06%
• YTD: 15.71%
• 1Y: 27.12%
• 3Y*: 18.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.67%

AVDE

• 1D: 2.59%
• 1M: 2.72%
• 6M: 5.23%
• YTD: 12.91%
• 1Y: 27.35%
• 3Y*: 18.85%
• 5Y*: 10.79%
• 10Y*: —
• ALL TIME*: 12.18%

*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)
AVDE Avantis International Equity ETF	$88.32M	$91.29M	$96.92M
AVGE Avantis All Equity Markets ETF	$7.41M	$8.00M	$6.70M

AVGE vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	15.71%	20.84%	13.96%	19.04%	11.83%
AVDE Avantis International Equity ETF	12.91%	38.05%	4.88%	17.18%	15.63%

Correlation

The correlation between AVGE and AVDE is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.86

The correlation between AVGE and AVDE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

AVGE vs. AVDE - Sectors Allocation Comparison

Sectors	AVGE	AVDE
Technology	21.5%	8.7%
Financial Services	19.1%	24.9%
Industrials	13.7%	20.2%
Consumer Cyclical	11.4%	9.4%
Energy	7.7%	6.9%
Communication Services	6.3%	3.8%
Healthcare	6.0%	5.9%
Basic Materials	4.7%	10.3%
Consumer Defensive	4.4%	4.5%
Real Estate	3.3%	1.4%
Utilities	2.0%	4.0%

Return for Risk

AVGE vs. AVDE — Risk / Return Rank

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

AVGE

AVGE Risk / Return Rank: 87
AVGE Sharpe Ratio Rank: 88
AVGE Sortino Ratio Rank: 88
AVGE Omega Ratio Rank: 87
AVGE Calmar Ratio Rank: 85
AVGE Martin Ratio Rank: 89

AVDE

AVDE Risk / Return Rank: 78
AVDE Sharpe Ratio Rank: 81
AVDE Sortino Ratio Rank: 81
AVDE Omega Ratio Rank: 80
AVDE Calmar Ratio Rank: 72
AVDE Martin Ratio Rank: 77

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.

AVGE vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets ETF (AVGE) and Avantis International Equity ETF (AVDE). 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.

	AVGE	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.80	+0.26
Sortino ratio: Return per unit of downside risk	2.87	2.52	+0.35
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	3.17	2.39	+0.78
Martin ratio: Return relative to average drawdown	13.25	9.36	+3.88

AVGE vs. AVDE - Sharpe Ratio Comparison

The current AVGE Sharpe Ratio is 2.06, which is comparable to the AVDE Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of AVGE and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGE vs. AVDE - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for AVGE and AVDE.

Drawdown Indicators

	AVGE	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-36.99%	+19.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	-11.48%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-13.46%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.73%	—
Current Drawdown Current decline from peak	-1.16%	0.00%	-1.16%
Average Drawdown Average peak-to-trough decline	-2.37%	-6.06%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.93%	-0.88%

Volatility

AVGE vs. AVDE - Volatility Comparison

The current volatility for Avantis All Equity Markets ETF (AVGE) is 3.36%, while Avantis International Equity ETF (AVDE) has a volatility of 4.46%. This indicates that AVGE experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGE	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	4.46%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	13.30%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	15.27%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	16.39%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	18.86%	-3.69%

AVGE vs. AVDE - Expense Ratio Comparison

Both AVGE and AVDE have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVGE vs. AVDE - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.41%, less than AVDE's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	2.41%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
AVGE Avantis All Equity Markets ETF	1.41%	1.67%	1.92%	1.93%	0.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGE and AVDE in my portfolio?

AVGE and AVDE 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.

Which is riskier, AVGE or AVDE?

AVDE has higher volatility (4.46%) compared to AVGE (3.36%). In terms of maximum drawdown, AVGE dropped -17.13% vs AVDE's -36.99%.

Which ETF is better, AVGE or AVDE?

On 3-year performance, AVDE leads with 18.85% vs 18.33% for AVGE. Both ETFs have the same 0.23% expense ratio. On volatility, AVGE has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGE or AVDE?

Over the 3-year period, AVDE has performed better with a 18.85% return vs 18.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGE or AVDE?

AVGE and AVDE have the same expense ratio: 0.23% per year.

Which ETF pays a higher dividend yield, AVGE or AVDE?

AVDE has the higher dividend yield at 2.41%, compared with 1.41% for AVGE.

What is the main difference between AVGE and AVDE?

AVGE is categorized as Global Equities, while AVDE is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.06 vs 1.80), 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.