AVGV vs. SHEH

Last updated Aug 4, 2026

AVGV (Avantis All Equity Markets Value ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - AVGV is a Global Equities fund actively managed by Avantis, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. AVGV is actively managed, while SHEH is passively managed. Over the past year, AVGV returned 35.33% vs 27.83% for SHEH. Their 0.06 correlation means their historical movements had little consistent relationship. AVGV charges 0.26%/yr vs 0.19%/yr for SHEH.

Performance

AVGV vs. SHEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) 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, AVGV achieves a 19.44% return, which is significantly lower than SHEH's 25.14% return.

AVGV

• 1D: 1.06%
• 1M: 2.01%
• 6M: 11.09%
• YTD: 19.44%
• 1Y: 35.33%
• 3Y*: 20.17%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.39%

SHEH

• 1D: -0.63%
• 1M: 15.58%
• 6M: 23.06%
• YTD: 25.14%
• 1Y: 27.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.79%

*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)
AVGV Avantis All Equity Markets Value ETF	$5.38M	$4.64M	$3.97M
SHEH Shell plc ADRhedged ETF	$782.03K	$668.74K	$325.26K

AVGV vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
AVGV Avantis All Equity Markets Value ETF	19.44%	27.81%
SHEH Shell plc ADRhedged ETF	25.14%	12.63%

Correlation

The correlation between AVGV and SHEH is 0.00, 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.	0.00
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.06

AVGV vs. SHEH - Sectors Allocation Comparison

Sectors	AVGV	SHEH
Financial Services	24.0%	-
Industrials	16.3%	-
Consumer Cyclical	14.4%	-
Technology	11.8%	-
Energy	11.5%	96.5%
Basic Materials	6.6%	-
Consumer Defensive	5.0%	-
Communication Services	4.8%	-
Healthcare	4.3%	-
Real Estate	0.7%	-
Utilities	0.6%	-

Return for Risk

AVGV vs. SHEH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVGV

AVGV Risk / Return Rank: 93
AVGV Sharpe Ratio Rank: 94
AVGV Sortino Ratio Rank: 94
AVGV Omega Ratio Rank: 93
AVGV Calmar Ratio Rank: 92
AVGV Martin Ratio Rank: 93

SHEH

SHEH Risk / Return Rank: 44
SHEH Sharpe Ratio Rank: 48
SHEH Sortino Ratio Rank: 46
SHEH Omega Ratio Rank: 45
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

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.

AVGV vs. SHEH - Risk-Adjusted Trends Comparison

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

	AVGV	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	2.69	1.33	+1.35
Sortino ratio: Return per unit of downside risk	3.73	1.86	+1.87
Omega ratio: Gain probability vs. loss probability	1.49	1.23	+0.25
Calmar ratio: Return relative to maximum drawdown	4.37	1.59	+2.78
Martin ratio: Return relative to average drawdown	17.10	4.35	+12.75

AVGV vs. SHEH - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.69, which is higher than the SHEH Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of AVGV 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

AVGV vs. SHEH - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, roughly equal to the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for AVGV and SHEH.

Drawdown Indicators

	AVGV	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-17.53%	+0.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-17.53%	+9.41%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	—	—
Current Drawdown Current decline from peak	0.00%	-3.52%	+3.52%
Average Drawdown Average peak-to-trough decline	-2.23%	-4.14%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	6.41%	-4.34%

Volatility

AVGV vs. SHEH - Volatility Comparison

The current volatility for Avantis All Equity Markets Value ETF (AVGV) is 3.10%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 6.85%. This indicates that AVGV 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

	AVGV	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	6.85%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	17.33%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	21.00%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	20.53%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	20.53%	-5.66%

AVGV vs. SHEH - Expense Ratio Comparison

AVGV has a 0.26% 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

AVGV vs. SHEH - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.60%, less than SHEH's 1.86% yield.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	1.60%	1.98%	2.32%	1.14%
SHEH Shell plc ADRhedged ETF	1.86%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGV and SHEH in my portfolio?

AVGV and SHEH have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or SHEH?

SHEH has higher volatility (6.85%) compared to AVGV (3.10%). In terms of maximum drawdown, AVGV dropped -17.03% vs SHEH's -17.53%.

Which ETF is better, AVGV or SHEH?

On 1-year performance, AVGV leads with 35.33% vs 27.83% for SHEH. On fees, SHEH is cheaper at 0.19% per year. On volatility, AVGV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or SHEH?

Over the 1-year period, AVGV has performed better with a 35.33% return vs 27.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.26% for AVGV.

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

SHEH has the higher dividend yield at 1.86%, compared with 1.60% for AVGV.

What is the main difference between AVGV and SHEH?

AVGV is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Avantis and ADRhedged. Their fees differ too: 0.26% for AVGV and 0.19% for SHEH.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.69 vs 1.33), 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.