AVLC vs. AVDE

Last updated Jun 24, 2026

AVLC (Avantis U.S. Large Cap Equity ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - AVLC is a Large Cap Blend Equities fund actively managed by Avantis, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVLC returned 29.38% vs 26.87% for AVDE. A 0.72 correlation means they provide meaningful diversification when combined. AVLC charges 0.15%/yr vs 0.23%/yr for AVDE.

Performance

AVLC vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Equity ETF (AVLC) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVLC achieves a 12.96% return, which is significantly higher than AVDE's 9.44% return.

AVLC

• 1D: -1.55%
• 1M: 0.32%
• YTD: 12.96%
• 6M: 11.82%
• 1Y: 29.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDE

• 1D: -2.02%
• 1M: -0.88%
• YTD: 9.44%
• 6M: 8.96%
• 1Y: 26.87%
• 3Y*: 19.94%
• 5Y*: 10.08%
• 10Y*: —

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

AVLC vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	12.96%	17.57%	22.82%	11.76%
AVDE Avantis International Equity ETF	9.44%	38.05%	4.88%	10.06%

Correlation

The correlation between AVLC and AVDE is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.72

The correlation between AVLC and AVDE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

AVLC vs. AVDE - Sectors Allocation Comparison

Sectors	AVLC	AVDE
Technology	34.2%	8.0%
Financial Services	12.8%	23.9%
Industrials	11.0%	20.2%
Consumer Cyclical	10.7%	9.4%
Communication Services	8.7%	4.1%
Healthcare	7.2%	5.7%
Energy	6.5%	7.4%
Consumer Defensive	4.4%	4.3%
Utilities	2.3%	4.0%
Basic Materials	2.2%	11.4%
Real Estate	0.1%	1.5%

Return for Risk

AVLC vs. AVDE — Risk / Return Rank

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

AVLC

AVLC Risk / Return Rank: 75
AVLC Sharpe Ratio Rank: 74
AVLC Sortino Ratio Rank: 71
AVLC Omega Ratio Rank: 72
AVLC Calmar Ratio Rank: 76
AVLC Martin Ratio Rank: 84

AVDE

AVDE Risk / Return Rank: 53
AVDE Sharpe Ratio Rank: 54
AVDE Sortino Ratio Rank: 53
AVDE Omega Ratio Rank: 53
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

AVLC vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) and Avantis International Equity ETF (AVDE). 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.

	AVLC	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.78	+0.47
Sortino ratio: Return per unit of downside risk	3.02	2.48	+0.54
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	3.69	2.35	+1.34
Martin ratio: Return relative to average drawdown	16.49	9.18	+7.31

AVLC vs. AVDE - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 2.25, which is comparable to the AVDE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AVLC and AVDE, 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

AVLC vs. AVDE - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for AVLC and AVDE.

Drawdown Indicators

	AVLC	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-36.99%	+17.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-11.48%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.73%	—
Current Drawdown Current decline from peak	-2.04%	-2.37%	+0.33%
Average Drawdown Average peak-to-trough decline	-1.97%	-6.13%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	2.93%	-1.14%

Volatility

AVLC vs. AVDE - Volatility Comparison

Avantis U.S. Large Cap Equity ETF (AVLC) and Avantis International Equity ETF (AVDE) have volatilities of 5.14% and 5.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLC	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.36%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	12.95%	-2.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	15.13%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	16.39%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	18.92%	-3.11%

AVLC vs. AVDE - Expense Ratio Comparison

AVLC has a 0.15% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVLC vs. AVDE - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 1.05%, less than AVDE's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	3.89%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
AVLC Avantis U.S. Large Cap Equity ETF	1.05%	0.92%	1.09%	0.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVLC and AVDE in my portfolio?

AVLC and AVDE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLC or AVDE?

AVDE has higher volatility (5.36%) compared to AVLC (5.14%). In terms of maximum drawdown, AVLC dropped -19.64% vs AVDE's -36.99%.

Which ETF is better, AVLC or AVDE?

On 1-year performance, AVLC leads with 29.38% vs 26.87% for AVDE. On fees, AVLC is cheaper at 0.15% per year. On volatility, AVLC has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLC or AVDE?

Over the 1-year period, AVLC has performed better with a 29.38% return vs 26.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLC or AVDE?

AVLC is cheaper with a 0.15% expense ratio, compared with 0.23% for AVDE.

Which ETF pays a higher dividend yield, AVLC or AVDE?

AVDE has the higher dividend yield at 3.89%, compared with 1.05% for AVLC.

What is the main difference between AVLC and AVDE?

AVLC is categorized as Large Cap Blend Equities, while AVDE is Foreign Large Cap Equities. Their fees differ too: 0.15% for AVLC and 0.23% for AVDE.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (2.25 vs 1.78), 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.