AVIV vs. PINZX

Last updated Jun 24, 2026

AVIV (Avantis International Large Cap Value ETF) and PINZX (Principal Overseas Fund) are both Foreign Large Cap Equities funds. Over the past 3 years, AVIV returned 21.66%/yr vs 24.35%/yr for PINZX. Their correlation of 0.93 suggests significant overlap in exposure. AVIV charges 0.25%/yr vs 0.97%/yr for PINZX.

Performance

AVIV vs. PINZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Large Cap Value ETF (AVIV) and Principal Overseas Fund (PINZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIV achieves a 10.16% return, which is significantly lower than PINZX's 15.03% return.

AVIV

• 1D: -1.67%
• 1M: -0.96%
• YTD: 10.16%
• 6M: 9.57%
• 1Y: 31.22%
• 3Y*: 21.66%
• 5Y*: —
• 10Y*: —

PINZX

• 1D: 0.90%
• 1M: 2.98%
• YTD: 15.03%
• 6M: 15.69%
• 1Y: 35.68%
• 3Y*: 24.35%
• 5Y*: 16.31%
• 10Y*: 12.36%

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

AVIV vs. PINZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIV Avantis International Large Cap Value ETF	10.16%	41.80%	4.30%	18.47%	-8.26%	1.83%
PINZX Principal Overseas Fund	15.03%	40.18%	13.98%	22.59%	-4.87%	1.06%

Correlation

The correlation between AVIV and PINZX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.93

The correlation between AVIV and PINZX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

AVIV vs. PINZX — Risk / Return Rank

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

AVIV

AVIV Risk / Return Rank: 66
AVIV Sharpe Ratio Rank: 69
AVIV Sortino Ratio Rank: 67
AVIV Omega Ratio Rank: 69
AVIV Calmar Ratio Rank: 61
AVIV Martin Ratio Rank: 65

PINZX

PINZX Risk / Return Rank: 57
PINZX Sharpe Ratio Rank: 64
PINZX Sortino Ratio Rank: 59
PINZX Omega Ratio Rank: 60
PINZX Calmar Ratio Rank: 51
PINZX Martin Ratio Rank: 50

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.

AVIV vs. PINZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and Principal Overseas Fund (PINZX). 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.

	AVIV	PINZX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.14	0.00
Sortino ratio: Return per unit of downside risk	2.93	2.94	-0.01
Omega ratio: Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	2.91	2.61	+0.30
Martin ratio: Return relative to average drawdown	11.34	9.68	+1.66

AVIV vs. PINZX - Sharpe Ratio Comparison

The current AVIV Sharpe Ratio is 2.14, which is comparable to the PINZX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of AVIV and PINZX, 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

AVIV vs. PINZX - Drawdown Comparison

The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum PINZX drawdown of -44.27%. Use the drawdown chart below to compare losses from any high point for AVIV and PINZX.

Drawdown Indicators

	AVIV	PINZX	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-44.27%	+16.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-13.53%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-15.87%	+1.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.27%	—
Current Drawdown Current decline from peak	-2.59%	-0.15%	-2.44%
Average Drawdown Average peak-to-trough decline	-5.08%	-9.23%	+4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.65%	-0.89%

Volatility

AVIV vs. PINZX - Volatility Comparison

The current volatility for Avantis International Large Cap Value ETF (AVIV) is 5.00%, while Principal Overseas Fund (PINZX) has a volatility of 5.61%. This indicates that AVIV experiences smaller price fluctuations and is considered to be less risky than PINZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIV	PINZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.61%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	13.87%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	16.49%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.34%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	18.18%	-1.27%

AVIV vs. PINZX - Expense Ratio Comparison

AVIV has a 0.25% expense ratio, which is lower than PINZX's 0.97% expense ratio.

Dividends

AVIV vs. PINZX - Dividend Comparison

AVIV's dividend yield for the trailing twelve months is around 4.01%, less than PINZX's 8.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVIV Avantis International Large Cap Value ETF	4.01%	3.01%	3.46%	3.64%	2.84%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PINZX Principal Overseas Fund	8.44%	9.71%	29.12%	6.31%	8.23%	7.70%	1.85%	3.08%	10.03%	3.15%	2.04%	4.01%

Frequently Asked Questions

Can I hold both AVIV and PINZX in my portfolio?

With a correlation of 0.92, AVIV and PINZX 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, AVIV or PINZX?

PINZX has higher volatility (5.61%) compared to AVIV (5.00%). In terms of maximum drawdown, AVIV dropped -27.69% vs PINZX's -44.27%.

Which has better risk-adjusted returns?

PINZX currently has the higher Sharpe Ratio (2.14 vs 2.14), 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.