AVGV vs. DFAW

Last updated Jun 21, 2026

AVGV (Avantis All Equity Markets Value ETF) and DFAW (Dimensional World Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, AVGV returned 37.24% vs 30.38% for DFAW. Their correlation of 0.93 suggests significant overlap in exposure. AVGV charges 0.26%/yr vs 0.25%/yr for DFAW.

Performance

AVGV vs. DFAW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGV achieves a 17.65% return, which is significantly higher than DFAW's 12.85% return.

AVGV

• 1D: 0.58%
• 1M: 2.22%
• YTD: 17.65%
• 6M: 17.54%
• 1Y: 37.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFAW

• 1D: 0.95%
• 1M: 1.86%
• YTD: 12.85%
• 6M: 13.03%
• 1Y: 30.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGV vs. DFAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	17.65%	22.57%	11.26%	11.98%
DFAW Dimensional World Equity ETF	12.85%	20.62%	15.49%	11.44%

Correlation

The correlation between AVGV and DFAW is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	0.93

The correlation between AVGV and DFAW has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

AVGV vs. DFAW - Sectors Allocation Comparison

Sectors	AVGV	DFAW
Financial Services	21.3%	14.8%
Industrials	16.2%	13.4%
Consumer Cyclical	14.7%	10.1%
Energy	12.4%	5.5%
Technology	12.1%	27.0%
Basic Materials	7.2%	5.0%
Consumer Defensive	5.2%	4.8%
Communication Services	5.0%	7.0%
Healthcare	4.5%	8.0%
Real Estate	0.7%	2.3%
Utilities	0.7%	2.2%

Return for Risk

AVGV vs. DFAW — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 87
AVGV Sharpe Ratio Rank: 89
AVGV Sortino Ratio Rank: 89
AVGV Omega Ratio Rank: 86
AVGV Calmar Ratio Rank: 86
AVGV Martin Ratio Rank: 87

DFAW

DFAW Risk / Return Rank: 78
DFAW Sharpe Ratio Rank: 80
DFAW Sortino Ratio Rank: 78
DFAW Omega Ratio Rank: 78
DFAW Calmar Ratio Rank: 71
DFAW Martin Ratio Rank: 80

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.

AVGV vs. DFAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) and Dimensional World Equity ETF (DFAW). 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.

	AVGV	DFAW	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.39	+0.38
Sortino ratio: Return per unit of downside risk	3.82	3.27	+0.55
Omega ratio: Gain probability vs. loss probability	1.49	1.44	+0.06
Calmar ratio: Return relative to maximum drawdown	4.55	3.41	+1.14
Martin ratio: Return relative to average drawdown	17.71	14.85	+2.86

AVGV vs. DFAW - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.77, which is comparable to the DFAW Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of AVGV and DFAW, 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

AVGV vs. DFAW - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, roughly equal to the maximum DFAW drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for AVGV and DFAW.

Drawdown Indicators

	AVGV	DFAW	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-16.93%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-8.88%	+0.76%
Current Drawdown Current decline from peak	-1.00%	-0.61%	-0.39%
Average Drawdown Average peak-to-trough decline	-2.28%	-1.70%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.03%	+0.05%

Volatility

AVGV vs. DFAW - Volatility Comparison

The current volatility for Avantis All Equity Markets Value ETF (AVGV) is 4.45%, while Dimensional World Equity ETF (DFAW) has a volatility of 4.94%. This indicates that AVGV experiences smaller price fluctuations and is considered to be less risky than DFAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	DFAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.94%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	10.29%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	12.66%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	14.58%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	14.58%	+0.44%

AVGV vs. DFAW - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is higher than DFAW's 0.25% 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

AVGV vs. DFAW - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 2.46%, more than DFAW's 1.54% yield.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	2.46%	1.98%	2.32%	1.14%
DFAW Dimensional World Equity ETF	1.54%	1.71%	1.47%	0.42%

Frequently Asked Questions

Can I hold both AVGV and DFAW in my portfolio?

With a correlation of 0.94, AVGV and DFAW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVGV or DFAW?

DFAW has higher volatility (4.94%) compared to AVGV (4.45%). In terms of maximum drawdown, AVGV dropped -17.03% vs DFAW's -16.93%.

Which ETF is better, AVGV or DFAW?

On 1-year performance, AVGV leads with 37.24% vs 30.38% for DFAW. On fees, DFAW is cheaper at 0.25% per year. On volatility, AVGV has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or DFAW?

Over the 1-year period, AVGV has performed better with a 37.24% return vs 30.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or DFAW?

DFAW is cheaper with a 0.25% expense ratio, compared with 0.26% for AVGV.

Which ETF pays a higher dividend yield, AVGV or DFAW?

AVGV has the higher dividend yield at 2.46%, compared with 1.54% for DFAW.

What is the main difference between AVGV and DFAW?

They also come from different issuers: Avantis and Dimensional. Their fees differ too: 0.26% for AVGV and 0.25% for DFAW.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.77 vs 2.39), 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.