AVGE vs. AVDS

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis All Equity Markets ETF (AVGE) and Avantis International Small Cap Equity ETF (AVDS).

AVGE and AVDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGE is a passively managed fund by Avantis that tracks the performance of the MSCI AC World IMI. It was launched on Sep 27, 2022. AVDS is an actively managed fund by Avantis. It was launched on Jul 18, 2023.

Performance

AVGE vs. AVDS - Performance Comparison

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

AVGE vs. AVDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGE Avantis All Equity Markets ETF	2.64%	20.84%	13.96%	6.02%
AVDS Avantis International Small Cap Equity ETF	2.97%	38.18%	3.20%	3.79%

Returns By Period

In the year-to-date period, AVGE achieves a 2.64% return, which is significantly lower than AVDS's 2.97% return.

AVGE

• 1D: 2.86%
• 1M: -5.43%
• YTD: 2.64%
• 6M: 6.63%
• 1Y: 26.09%
• 3Y*: 17.35%
• 5Y*: —
• 10Y*: —

AVDS

• 1D: 3.25%
• 1M: -9.50%
• YTD: 2.97%
• 6M: 7.76%
• 1Y: 35.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGE vs. AVDS - Expense Ratio Comparison

AVGE has a 0.23% expense ratio, which is lower than AVDS's 0.30% expense ratio.

AVDS

Avantis International Small Cap Equity ETF

AVGE

Avantis All Equity Markets ETF

Return for Risk

AVGE vs. AVDS — Risk / Return Rank

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

AVGE

AVGE Risk / Return Rank: 84
AVGE Sharpe Ratio Rank: 82
AVGE Sortino Ratio Rank: 84
AVGE Omega Ratio Rank: 85
AVGE Calmar Ratio Rank: 80
AVGE Martin Ratio Rank: 87

AVDS

AVDS Risk / Return Rank: 91
AVDS Sharpe Ratio Rank: 92
AVDS Sortino Ratio Rank: 93
AVDS Omega Ratio Rank: 93
AVDS Calmar Ratio Rank: 89
AVDS Martin Ratio Rank: 90

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.

AVGE vs. AVDS - Risk-Adjusted Trends Comparison

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

	AVGE	AVDS	Difference
Sharpe ratio Return per unit of total volatility	1.52	2.10	-0.58
Sortino ratio Return per unit of downside risk	2.15	2.73	-0.59
Omega ratio Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio Return relative to maximum drawdown	2.07	2.78	-0.71
Martin ratio Return relative to average drawdown	9.94	11.23	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGE vs. AVDS - Sharpe Ratio Comparison

The current AVGE Sharpe Ratio is 1.52, which is comparable to the AVDS Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of AVGE and AVDS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVGE	AVDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.10	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.12	+0.17

Correlation

The correlation between AVGE and AVDS is 0.82, 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

AVGE vs. AVDS - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.82%, less than AVDS's 2.35% yield.

	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	1.82%	1.67%	1.92%	1.93%	0.74%
AVDS Avantis International Small Cap Equity ETF	2.35%	2.37%	3.07%	0.72%	0.00%

Drawdowns

AVGE vs. AVDS - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, which is greater than AVDS's maximum drawdown of -13.51%. Use the drawdown chart below to compare losses from any high point for AVGE and AVDS.

Drawdown Indicators

	AVGE	AVDS	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-13.51%	-3.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.63%	-12.44%	-0.19%
Current Drawdown Current decline from peak	-5.98%	-9.50%	+3.52%
Average Drawdown Average peak-to-trough decline	-2.49%	-2.84%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.08%	-0.45%

Volatility

AVGE vs. AVDS - Volatility Comparison

The current volatility for Avantis All Equity Markets ETF (AVGE) is 5.93%, while Avantis International Small Cap Equity ETF (AVDS) has a volatility of 7.45%. This indicates that AVGE experiences smaller price fluctuations and is considered to be less risky than AVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGE	AVDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.93%	7.45%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	11.46%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	17.16%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	15.18%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	15.18%	+0.12%