AVNV vs. AVIV

Last updated Jun 26, 2026

AVNV (Avantis All International Markets Value ETF) and AVIV (Avantis International Large Cap Value ETF) are both Foreign Large Cap Equities funds from Avantis. Both are actively managed. Over the past year, AVNV returned 31.22% vs 30.59% for AVIV. With a 0.96 correlation, they move nearly in lockstep. AVNV charges 0.34%/yr vs 0.25%/yr for AVIV.

Performance

AVNV vs. AVIV - Performance Comparison

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

Returns By Period

In the year-to-date period, AVNV achieves a 11.31% return, which is significantly higher than AVIV's 10.07% return.

AVNV

• 1D: 0.37%
• 1M: -3.58%
• YTD: 11.31%
• 6M: 10.88%
• 1Y: 31.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVIV

• 1D: 0.73%
• 1M: -2.25%
• YTD: 10.07%
• 6M: 9.47%
• 1Y: 30.59%
• 3Y*: 21.42%
• 5Y*: —
• 10Y*: —

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

AVNV vs. AVIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNV Avantis All International Markets Value ETF	11.31%	39.93%	5.43%	9.65%
AVIV Avantis International Large Cap Value ETF	10.07%	41.80%	4.30%	8.85%

Correlation

The correlation between AVNV and AVIV is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.96

The correlation between AVNV and AVIV has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

AVNV vs. AVIV - Sectors Allocation Comparison

Sectors	AVNV	AVIV
Financial Services	23.2%	27.3%
Industrials	18.1%	18.5%
Basic Materials	13.8%	12.7%
Consumer Cyclical	11.4%	10.2%
Technology	10.4%	4.0%
Energy	9.6%	13.0%
Communication Services	4.3%	4.7%
Consumer Defensive	3.3%	3.2%
Healthcare	3.2%	4.7%
Real Estate	1.4%	1.0%
Utilities	1.3%	0.7%

Return for Risk

AVNV vs. AVIV — Risk / Return Rank

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

AVNV

AVNV Risk / Return Rank: 68
AVNV Sharpe Ratio Rank: 73
AVNV Sortino Ratio Rank: 69
AVNV Omega Ratio Rank: 72
AVNV Calmar Ratio Rank: 63
AVNV Martin Ratio Rank: 65

AVIV

AVIV Risk / Return Rank: 72
AVIV Sharpe Ratio Rank: 76
AVIV Sortino Ratio Rank: 74
AVIV Omega Ratio Rank: 75
AVIV Calmar Ratio Rank: 66
AVIV Martin Ratio Rank: 69

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.

AVNV vs. AVIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and Avantis International Large Cap Value ETF (AVIV). 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.

	AVNV	AVIV	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.09	-0.08
Sortino ratio: Return per unit of downside risk	2.72	2.87	-0.16
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.69	2.85	-0.16
Martin ratio: Return relative to average drawdown	10.19	11.06	-0.87

AVNV vs. AVIV - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.02, which is comparable to the AVIV Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of AVNV and AVIV, 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

AVNV vs. AVIV - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum AVIV drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for AVNV and AVIV.

Drawdown Indicators

	AVNV	AVIV	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-27.69%	+13.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-10.78%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.13%	—
Current Drawdown Current decline from peak	-3.68%	-2.66%	-1.02%
Average Drawdown Average peak-to-trough decline	-2.49%	-5.07%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.77%	+0.30%

Volatility

AVNV vs. AVIV - Volatility Comparison

Avantis All International Markets Value ETF (AVNV) has a higher volatility of 6.27% compared to Avantis International Large Cap Value ETF (AVIV) at 4.94%. This indicates that AVNV's price experiences larger fluctuations and is considered to be riskier than AVIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	AVIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.94%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	12.49%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	14.68%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	16.91%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	16.91%	-1.87%

AVNV vs. AVIV - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is higher than AVIV's 0.25% expense ratio.

Dividends

AVNV vs. AVIV - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 4.01%, more than AVIV's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021
AVIV Avantis International Large Cap Value ETF	2.58%	3.01%	3.46%	3.64%	2.84%	0.57%
AVNV Avantis All International Markets Value ETF	4.01%	3.14%	3.51%	1.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVNV and AVIV in my portfolio?

With a correlation of 0.95, AVNV and AVIV 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, AVNV or AVIV?

AVNV has higher volatility (6.27%) compared to AVIV (4.94%). In terms of maximum drawdown, AVNV dropped -13.89% vs AVIV's -27.69%.

Which ETF is better, AVNV or AVIV?

On 1-year performance, AVNV leads with 31.22% vs 30.59% for AVIV. On fees, AVIV is cheaper at 0.25% per year. On volatility, AVIV has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or AVIV?

Over the 1-year period, AVNV has performed better with a 31.22% return vs 30.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or AVIV?

AVIV is cheaper with a 0.25% expense ratio, compared with 0.34% for AVNV.

Which ETF pays a higher dividend yield, AVNV or AVIV?

AVNV has the higher dividend yield at 4.01%, compared with 2.58% for AVIV.

What is the main difference between AVNV and AVIV?

Their fees differ too: 0.34% for AVNV and 0.25% for AVIV.

Which has better risk-adjusted returns?

AVIV currently has the higher Sharpe Ratio (2.09 vs 2.02), 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.