AVNM vs. IETC

Last updated Jun 18, 2026

AVNM (Avantis All International Markets Equity ETF) and IETC (iShares U.S. Tech Independence Focused ETF) are both exchange-traded funds - AVNM is a Foreign Large Cap Equities fund actively managed by Avantis, while IETC is a Technology Equities fund actively managed by iShares. Both are actively managed. Over the past year, AVNM returned 35.12% vs 18.80% for IETC. A 0.56 correlation means they provide meaningful diversification when combined. AVNM charges 0.31%/yr vs 0.18%/yr for IETC.

Performance

AVNM vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Equity ETF (AVNM) and iShares U.S. Tech Independence Focused ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNM achieves a 14.94% return, which is significantly higher than IETC's 5.11% return.

AVNM

• 1D: -0.65%
• 1M: 2.62%
• YTD: 14.94%
• 6M: 17.92%
• 1Y: 35.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IETC

• 1D: -0.89%
• 1M: 0.18%
• YTD: 5.11%
• 6M: 8.61%
• 1Y: 18.80%
• 3Y*: 25.22%
• 5Y*: 15.69%
• 10Y*: —

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

AVNM vs. IETC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNM Avantis All International Markets Equity ETF	14.94%	38.30%	5.52%	8.60%
IETC iShares U.S. Tech Independence Focused ETF	5.11%	19.56%	37.57%	15.77%

Correlation

The correlation between AVNM and IETC is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.56

The correlation between AVNM and IETC has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

AVNM vs. IETC - Sectors Allocation Comparison

Sectors	AVNM	IETC
Financial Services	22.5%	3.0%
Industrials	17.1%	3.7%
Technology	15.0%	79.4%
Basic Materials	11.4%	-
Consumer Cyclical	9.9%	4.3%
Energy	7.7%	-
Communication Services	4.4%	8.4%
Healthcare	4.2%	0.1%
Consumer Defensive	3.7%	-
Utilities	2.6%	-
Real Estate	1.5%	0.7%

Return for Risk

AVNM vs. IETC — Risk / Return Rank

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

AVNM

AVNM Risk / Return Rank: 72
AVNM Sharpe Ratio Rank: 76
AVNM Sortino Ratio Rank: 72
AVNM Omega Ratio Rank: 76
AVNM Calmar Ratio Rank: 65
AVNM Martin Ratio Rank: 68

IETC

IETC Risk / Return Rank: 22
IETC Sharpe Ratio Rank: 24
IETC Sortino Ratio Rank: 23
IETC Omega Ratio Rank: 23
IETC Calmar Ratio Rank: 20
IETC Martin Ratio Rank: 21

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.

AVNM vs. IETC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Equity ETF (AVNM) and iShares U.S. Tech Independence Focused ETF (IETC). 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.

	AVNM	IETC	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.84	+1.41
Sortino ratio: Return per unit of downside risk	2.99	1.23	+1.76
Omega ratio: Gain probability vs. loss probability	1.41	1.16	+0.26
Calmar ratio: Return relative to maximum drawdown	3.04	0.89	+2.15
Martin ratio: Return relative to average drawdown	11.71	2.44	+9.27

AVNM vs. IETC - Sharpe Ratio Comparison

The current AVNM Sharpe Ratio is 2.25, which is higher than the IETC Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of AVNM and IETC, 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

AVNM vs. IETC - Drawdown Comparison

The maximum AVNM drawdown since its inception was -14.03%, smaller than the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for AVNM and IETC.

Drawdown Indicators

	AVNM	IETC	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-38.48%	+24.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-21.19%	+9.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.48%	—
Current Drawdown Current decline from peak	-1.03%	-9.78%	+8.75%
Average Drawdown Average peak-to-trough decline	-2.54%	-8.14%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	7.73%	-4.72%

Volatility

AVNM vs. IETC - Volatility Comparison

The current volatility for Avantis All International Markets Equity ETF (AVNM) is 6.55%, while iShares U.S. Tech Independence Focused ETF (IETC) has a volatility of 10.32%. This indicates that AVNM experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNM	IETC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	10.32%	-3.77%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	18.01%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	22.47%	-6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	24.78%	-9.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	25.47%	-10.36%

AVNM vs. IETC - Expense Ratio Comparison

AVNM has a 0.31% expense ratio, which is higher than IETC's 0.18% expense ratio.

Dividends

AVNM vs. IETC - Dividend Comparison

AVNM's dividend yield for the trailing twelve months is around 3.54%, more than IETC's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVNM Avantis All International Markets Equity ETF	3.54%	2.76%	3.51%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%
IETC iShares U.S. Tech Independence Focused ETF	0.39%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%

Frequently Asked Questions

Can I hold both AVNM and IETC in my portfolio?

AVNM and IETC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNM or IETC?

IETC has higher volatility (10.32%) compared to AVNM (6.55%). In terms of maximum drawdown, AVNM dropped -14.03% vs IETC's -38.48%.

Which ETF is better, AVNM or IETC?

On 1-year performance, AVNM leads with 35.12% vs 18.80% for IETC. On fees, IETC is cheaper at 0.18% per year. On volatility, AVNM has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNM or IETC?

Over the 1-year period, AVNM has performed better with a 35.12% return vs 18.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNM or IETC?

IETC is cheaper with a 0.18% expense ratio, compared with 0.31% for AVNM.

Which ETF pays a higher dividend yield, AVNM or IETC?

AVNM has the higher dividend yield at 3.54%, compared with 0.39% for IETC.

What is the main difference between AVNM and IETC?

AVNM is categorized as Foreign Large Cap Equities, while IETC is Technology Equities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.31% for AVNM and 0.18% for IETC.

Which has better risk-adjusted returns?

AVNM currently has the higher Sharpe Ratio (2.25 vs 0.84), 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.