AVGS.L vs. INFR.L
AVGS.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - AVGS.L is a Global Equities fund actively managed by Avantis, while INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. AVGS.L is actively managed, while INFR.L is passively managed. Over the past year, AVGS.L returned 37.10% vs 17.07% for INFR.L. At a 0.34 correlation, their price movements are largely independent. AVGS.L charges 0.39%/yr vs 0.65%/yr for INFR.L.
Performance
AVGS.L vs. INFR.L - Performance Comparison
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Different Trading Currencies
AVGS.L is traded in USD, while INFR.L is traded in GBp. To make them comparable, the INFR.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVGS.L achieves a 18.60% return, which is significantly higher than INFR.L's 11.17% return.
AVGS.L
- 1D
- -0.35%
- 1M
- 3.43%
- YTD
- 18.60%
- 6M
- 18.74%
- 1Y
- 37.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INFR.L
- 1D
- 0.54%
- 1M
- 1.37%
- YTD
- 11.17%
- 6M
- 12.97%
- 1Y
- 17.07%
- 3Y*
- 11.35%
- 5Y*
- 6.21%
- 10Y*
- 7.40%
AVGS.L vs. INFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 18.60% | 20.19% | -0.40% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 11.17% | 13.07% | -4.00% |
Correlation
The correlation between AVGS.L and INFR.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.34 |
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Return for Risk
AVGS.L vs. INFR.L — Risk / Return Rank
AVGS.L
INFR.L
AVGS.L vs. INFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L). 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.
| AVGS.L | INFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 3.31 | +1.21 |
| Martin ratioReturn relative to average drawdown | 15.85 | 9.13 | +6.73 |
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Drawdowns
AVGS.L vs. INFR.L - Drawdown Comparison
The maximum AVGS.L drawdown since its inception was -20.23%, smaller than the maximum INFR.L drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for AVGS.L and INFR.L.
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Drawdown Indicators
| AVGS.L | INFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -72.74% | +52.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -5.13% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.60% | — |
Current DrawdownCurrent decline from peak | -1.15% | -1.83% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -40.01% | +37.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.87% | +0.52% |
Volatility
AVGS.L vs. INFR.L - Volatility Comparison
Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) has a higher volatility of 4.29% compared to iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) at 3.70%. This indicates that AVGS.L's price experiences larger fluctuations and is considered to be riskier than INFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGS.L | INFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 3.70% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 8.81% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 10.63% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 13.72% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 14.79% | +2.20% |
AVGS.L vs. INFR.L - Expense Ratio Comparison
AVGS.L has a 0.39% expense ratio, which is lower than INFR.L's 0.65% expense ratio.
Dividends
AVGS.L vs. INFR.L - Dividend Comparison
AVGS.L has not paid dividends to shareholders, while INFR.L's dividend yield for the trailing twelve months is around 2.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.06% | 2.25% | 2.32% | 2.43% | 2.05% | 1.89% | 2.21% | 2.15% | 2.27% | 2.72% | 2.57% | 3.09% |
Frequently Asked Questions
AVGS.L and INFR.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVGS.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVGS.L is cheaper with a 0.39% expense ratio, compared with 0.65% for INFR.L.
AVGS.L is categorized as Global Equities, while INFR.L is Utilities Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.39% for AVGS.L and 0.65% for INFR.L.
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