AVGE vs. AVDV

Last updated Jul 10, 2026

AVGE (Avantis All Equity Markets ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - AVGE is a Global Equities fund actively managed by Avantis, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVGE returned 20.46%/yr vs 25.45%/yr for AVDV. Their correlation of 0.80 suggests significant overlap in exposure. AVGE charges 0.23%/yr vs 0.36%/yr for AVDV.

Performance

AVGE vs. AVDV - 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 Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGE achieves a 15.76% return, which is significantly higher than AVDV's 11.33% return.

AVGE

• 1D: 0.69%
• 1M: 1.73%
• 6M: 12.75%
• YTD: 15.76%
• 1Y: 27.60%
• 3Y*: 20.46%
• 5Y*: —
• 10Y*: —

AVDV

• 1D: 0.07%
• 1M: -1.22%
• 6M: 8.42%
• YTD: 11.33%
• 1Y: 31.40%
• 3Y*: 25.45%
• 5Y*: 13.41%
• 10Y*: —

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

AVGE vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	15.76%	20.84%	13.96%	19.04%	11.83%
AVDV Avantis International Small Cap Value ETF	11.33%	49.37%	8.67%	16.85%	16.39%

Correlation

The correlation between AVGE and AVDV is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.80

The correlation between AVGE and AVDV has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

AVGE vs. AVDV - Sectors Allocation Comparison

Sectors	AVGE	AVDV
Technology	21.5%	6.6%
Financial Services	17.5%	13.6%
Industrials	13.4%	22.8%
Consumer Cyclical	11.8%	15.4%
Energy	8.2%	9.6%
Communication Services	6.7%	2.4%
Healthcare	5.8%	2.3%
Basic Materials	5.2%	21.0%
Consumer Defensive	4.5%	3.4%
Real Estate	3.3%	1.3%
Utilities	2.0%	1.7%

Return for Risk

AVGE vs. AVDV — Risk / Return Rank

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

AVGE

AVGE Risk / Return Rank: 83
AVGE Sharpe Ratio Rank: 84
AVGE Sortino Ratio Rank: 83
AVGE Omega Ratio Rank: 82
AVGE Calmar Ratio Rank: 79
AVGE Martin Ratio Rank: 85

AVDV

AVDV Risk / Return Rank: 70
AVDV Sharpe Ratio Rank: 76
AVDV Sortino Ratio Rank: 74
AVDV Omega Ratio Rank: 74
AVDV Calmar Ratio Rank: 60
AVDV Martin Ratio Rank: 64

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. AVDV - 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 Value ETF (AVDV). 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	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.92	+0.20
Sortino ratio: Return per unit of downside risk	2.94	2.61	+0.33
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	3.23	2.39	+0.83
Martin ratio: Return relative to average drawdown	13.47	9.11	+4.36

AVGE vs. AVDV - Sharpe Ratio Comparison

The current AVGE Sharpe Ratio is 2.12, which is comparable to the AVDV Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AVGE and AVDV, 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. AVDV - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for AVGE and AVDV.

Drawdown Indicators

	AVGE	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-43.01%	+25.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	-13.19%	+4.59%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-14.17%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.08%	—
Current Drawdown Current decline from peak	-1.12%	-5.35%	+4.23%
Average Drawdown Average peak-to-trough decline	-2.38%	-6.73%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	3.46%	-1.41%

Volatility

AVGE vs. AVDV - Volatility Comparison

The current volatility for Avantis All Equity Markets ETF (AVGE) is 4.22%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.35%. This indicates that AVGE experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGE	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.35%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	14.29%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	16.47%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	17.40%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	19.73%	-4.51%

AVGE vs. AVDV - Expense Ratio Comparison

AVGE has a 0.23% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

AVGE vs. AVDV - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.41%, less than AVDV's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.84%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
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 AVDV in my portfolio?

AVGE and AVDV have a correlation of 0.79, 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 AVDV?

AVDV has higher volatility (5.35%) compared to AVGE (4.22%). In terms of maximum drawdown, AVGE dropped -17.13% vs AVDV's -43.01%.

Which ETF is better, AVGE or AVDV?

On 3-year performance, AVDV leads with 25.45% vs 20.46% for AVGE. On fees, AVGE is cheaper at 0.23% per year. On volatility, AVGE has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGE or AVDV?

Over the 3-year period, AVDV has performed better with a 25.45% return vs 20.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGE or AVDV?

AVGE is cheaper with a 0.23% expense ratio, compared with 0.36% for AVDV.

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

AVDV has the higher dividend yield at 2.84%, compared with 1.41% for AVGE.

What is the main difference between AVGE and AVDV?

AVGE is categorized as Global Equities, while AVDV is Foreign Small & Mid Cap Equities. Their fees differ too: 0.23% for AVGE and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.12 vs 1.92), 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.