AVNM vs. SWISX

Last updated Jun 24, 2026

AVNM (Avantis All International Markets Equity ETF) and SWISX (Schwab International Index Fund) are both Foreign Large Cap Equities funds. AVNM is actively managed, while SWISX is passively managed. Over the past year, AVNM returned 32.61% vs 24.58% for SWISX. Their correlation of 0.94 suggests significant overlap in exposure. AVNM charges 0.31%/yr vs 0.06%/yr for SWISX.

Performance

AVNM vs. SWISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Equity ETF (AVNM) and Schwab International Index Fund (SWISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNM achieves a 12.75% return, which is significantly higher than SWISX's 10.79% return.

AVNM

• 1D: -2.89%
• 1M: -0.29%
• YTD: 12.75%
• 6M: 12.64%
• 1Y: 32.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWISX

• 1D: 0.19%
• 1M: 2.18%
• YTD: 10.79%
• 6M: 10.26%
• 1Y: 24.58%
• 3Y*: 17.53%
• 5Y*: 9.24%
• 10Y*: 10.17%

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

AVNM vs. SWISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNM Avantis All International Markets Equity ETF	12.75%	38.30%	5.52%	8.60%
SWISX Schwab International Index Fund	10.79%	31.59%	3.54%	6.53%

Correlation

The correlation between AVNM and SWISX is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.94

The correlation between AVNM and SWISX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

AVNM vs. SWISX - Sectors Allocation Comparison

Sectors	AVNM	SWISX
Financial Services	22.5%	24.1%
Industrials	17.1%	19.8%
Technology	15.0%	12.0%
Basic Materials	11.4%	6.4%
Consumer Cyclical	9.9%	7.8%
Energy	7.7%	3.8%
Communication Services	4.4%	4.9%
Healthcare	4.2%	9.0%
Consumer Defensive	3.7%	6.7%
Utilities	2.6%	3.8%
Real Estate	1.5%	1.8%

Return for Risk

AVNM vs. SWISX — Risk / Return Rank

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

AVNM

AVNM Risk / Return Rank: 63
AVNM Sharpe Ratio Rank: 65
AVNM Sortino Ratio Rank: 60
AVNM Omega Ratio Rank: 66
AVNM Calmar Ratio Rank: 60
AVNM Martin Ratio Rank: 63

SWISX

SWISX Risk / Return Rank: 38
SWISX Sharpe Ratio Rank: 38
SWISX Sortino Ratio Rank: 36
SWISX Omega Ratio Rank: 36
SWISX Calmar Ratio Rank: 39
SWISX Martin Ratio Rank: 42

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. SWISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Equity ETF (AVNM) and Schwab International Index Fund (SWISX). 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	SWISX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.64	+0.41
Sortino ratio: Return per unit of downside risk	2.72	2.33	+0.39
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	2.83	2.25	+0.57
Martin ratio: Return relative to average drawdown	10.85	8.43	+2.42

AVNM vs. SWISX - Sharpe Ratio Comparison

The current AVNM Sharpe Ratio is 2.05, which is comparable to the SWISX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of AVNM and SWISX, 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. SWISX - Drawdown Comparison

The maximum AVNM drawdown since its inception was -14.03%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for AVNM and SWISX.

Drawdown Indicators

	AVNM	SWISX	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-60.65%	+46.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-11.39%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.83%	—
Current Drawdown Current decline from peak	-2.91%	0.00%	-2.91%
Average Drawdown Average peak-to-trough decline	-2.54%	-14.78%	+12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.04%	-0.03%

Volatility

AVNM vs. SWISX - Volatility Comparison

Avantis All International Markets Equity ETF (AVNM) has a higher volatility of 7.02% compared to Schwab International Index Fund (SWISX) at 4.84%. This indicates that AVNM's price experiences larger fluctuations and is considered to be riskier than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNM	SWISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	4.84%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	12.98%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	15.63%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	16.37%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	16.86%	-1.68%

AVNM vs. SWISX - Expense Ratio Comparison

AVNM has a 0.31% expense ratio, which is higher than SWISX's 0.06% expense ratio.

Dividends

AVNM vs. SWISX - Dividend Comparison

AVNM's dividend yield for the trailing twelve months is around 3.61%, more than SWISX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNM Avantis All International Markets Equity ETF	3.61%	2.76%	3.51%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWISX Schwab International Index Fund	3.20%	3.55%	3.29%	3.31%	2.73%	3.34%	1.88%	3.09%	3.15%	2.71%	3.19%	2.71%

Frequently Asked Questions

Can I hold both AVNM and SWISX in my portfolio?

With a correlation of 0.94, AVNM and SWISX 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, AVNM or SWISX?

AVNM has higher volatility (7.02%) compared to SWISX (4.84%). In terms of maximum drawdown, AVNM dropped -14.03% vs SWISX's -60.65%.

Which has better risk-adjusted returns?

AVNM currently has the higher Sharpe Ratio (2.05 vs 1.64), 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.