AVGE vs. SHEH

Last updated Jul 31, 2026

AVGE (Avantis All Equity Markets ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - AVGE is a Global Equities fund actively managed by Avantis, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. AVGE is actively managed, while SHEH is passively managed. Over the past year, AVGE returned 27.12% vs 26.77% for SHEH. Their 0.01 correlation means their historical movements had little consistent relationship. AVGE charges 0.23%/yr vs 0.19%/yr for SHEH.

Performance

AVGE vs. SHEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets ETF (AVGE) and Shell plc ADRhedged ETF (SHEH). 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 lower than SHEH's 23.96% 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%

SHEH

• 1D: 1.36%
• 1M: 14.38%
• 6M: 20.66%
• YTD: 23.96%
• 1Y: 26.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.11%

*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)
AVGE Avantis All Equity Markets ETF	$7.41M	$8.00M	$6.70M
SHEH Shell plc ADRhedged ETF	$661.16K	$578.81K	$296.23K

AVGE vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
AVGE Avantis All Equity Markets ETF	15.71%	28.12%
SHEH Shell plc ADRhedged ETF	23.96%	12.63%

Correlation

The correlation between AVGE and SHEH is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.05
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.01

AVGE vs. SHEH - Sectors Allocation Comparison

Sectors	AVGE	SHEH
Technology	21.5%	-
Financial Services	19.1%	-
Industrials	13.7%	-
Consumer Cyclical	11.4%	-
Energy	7.7%	96.5%
Communication Services	6.3%	-
Healthcare	6.0%	-
Basic Materials	4.7%	-
Consumer Defensive	4.4%	-
Real Estate	3.3%	-
Utilities	2.0%	-

Return for Risk

AVGE vs. SHEH — 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

SHEH

SHEH Risk / Return Rank: 48
SHEH Sharpe Ratio Rank: 54
SHEH Sortino Ratio Rank: 51
SHEH Omega Ratio Rank: 50
SHEH Calmar Ratio Rank: 44
SHEH Martin Ratio Rank: 40

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. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets ETF (AVGE) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.29	+0.77
Sortino ratio: Return per unit of downside risk	2.87	1.80	+1.07
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.15
Calmar ratio: Return relative to maximum drawdown	3.17	1.53	+1.63
Martin ratio: Return relative to average drawdown	13.25	4.19	+9.06

AVGE vs. SHEH - Sharpe Ratio Comparison

The current AVGE Sharpe Ratio is 2.06, which is higher than the SHEH Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of AVGE and SHEH, 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. SHEH - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, roughly equal to the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for AVGE and SHEH.

Drawdown Indicators

	AVGE	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-17.53%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	-17.53%	+8.93%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	—	—
Current Drawdown Current decline from peak	-1.16%	-4.43%	+3.27%
Average Drawdown Average peak-to-trough decline	-2.37%	-4.14%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	6.41%	-4.36%

Volatility

AVGE vs. SHEH - Volatility Comparison

The current volatility for Avantis All Equity Markets ETF (AVGE) is 3.36%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 6.97%. This indicates that AVGE experiences smaller price fluctuations and is considered to be less risky than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGE	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	6.97%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	17.35%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	20.94%	-7.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	20.54%	-5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	20.54%	-5.37%

AVGE vs. SHEH - Expense Ratio Comparison

AVGE has a 0.23% expense ratio, which is higher than SHEH's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVGE vs. SHEH - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.41%, less than SHEH's 1.87% yield.

Position	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	1.41%	1.67%	1.92%	1.93%	0.74%
SHEH Shell plc ADRhedged ETF	1.87%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGE and SHEH in my portfolio?

AVGE and SHEH have a correlation of -0.05, 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 SHEH?

SHEH has higher volatility (6.97%) compared to AVGE (3.36%). In terms of maximum drawdown, AVGE dropped -17.13% vs SHEH's -17.53%.

Which ETF is better, AVGE or SHEH?

On 1-year performance, AVGE leads with 27.12% vs 26.77% for SHEH. On fees, SHEH is cheaper at 0.19% per year. 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 SHEH?

Over the 1-year period, AVGE has performed better with a 27.12% return vs 26.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGE or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.23% for AVGE.

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

SHEH has the higher dividend yield at 1.87%, compared with 1.41% for AVGE.

What is the main difference between AVGE and SHEH?

AVGE is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Avantis and ADRhedged. Their fees differ too: 0.23% for AVGE and 0.19% for SHEH.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.06 vs 1.29), 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.