AVIV vs. IEAA.L
AVIV (Avantis International Large Cap Value ETF) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund tracking the MSCI World ex-U.S. Value Index, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 3 years, AVIV returned 21.16%/yr vs 7.01%/yr for IEAA.L. A 0.54 correlation means they provide meaningful diversification when combined. AVIV charges 0.25%/yr vs 0.20%/yr for IEAA.L.
Performance
AVIV vs. IEAA.L - Performance Comparison
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Different Trading Currencies
AVIV is traded in USD, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVIV achieves a 9.92% return, which is significantly higher than IEAA.L's -1.46% return.
AVIV
- 1D
- 0.53%
- 1M
- -1.05%
- YTD
- 9.92%
- 6M
- 13.21%
- 1Y
- 29.84%
- 3Y*
- 21.16%
- 5Y*
- —
- 10Y*
- —
IEAA.L
- 1D
- 0.08%
- 1M
- -1.97%
- YTD
- -1.46%
- 6M
- -0.16%
- 1Y
- 3.33%
- 3Y*
- 7.01%
- 5Y*
- -1.06%
- 10Y*
- —
AVIV vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 9.92% | 41.80% | 4.30% | 18.47% | -8.26% | 1.93% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -1.46% | 16.92% | -2.04% | 10.87% | -18.60% | -2.05% |
Correlation
The correlation between AVIV and IEAA.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.54 |
The correlation between AVIV and IEAA.L has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
AVIV vs. IEAA.L — Risk / Return Rank
AVIV
IEAA.L
AVIV vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.
| AVIV | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.08 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 0.51 | +2.27 |
| Martin ratioReturn relative to average drawdown | 10.91 | 1.38 | +9.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVIV | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.43 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.05 | +0.75 |
Drawdowns
AVIV vs. IEAA.L - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum IEAA.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for AVIV and IEAA.L.
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Drawdown Indicators
| AVIV | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -34.71% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -6.58% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -8.36% | -5.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.79% | -6.91% | +4.12% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -11.52% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.42% | +0.32% |
Volatility
AVIV vs. IEAA.L - Volatility Comparison
Avantis International Large Cap Value ETF (AVIV) has a higher volatility of 4.23% compared to iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) at 2.35%. This indicates that AVIV's price experiences larger fluctuations and is considered to be riskier than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIV | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 2.35% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 5.91% | +6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 7.71% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 9.36% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 8.80% | +8.10% |
AVIV vs. IEAA.L - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is higher than IEAA.L's 0.20% 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
AVIV vs. IEAA.L - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 2.87%, while IEAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 2.87% | 3.01% | 3.46% | 3.64% | 2.84% | 0.57% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVIV and IEAA.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for AVIV.
AVIV is categorized as Foreign Large Cap Equities, while IEAA.L is European Corporate Bonds. AVIV tracks MSCI World ex-U.S. Value Index, while IEAA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVIV and 0.20% for IEAA.L.
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