AVNV vs. DBAW

Last updated Jun 23, 2026

AVNV (Avantis All International Markets Value ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. AVNV is actively managed, while DBAW is passively managed. Over the past year, AVNV returned 37.29% vs 39.95% for DBAW. Their correlation of 0.85 suggests significant overlap in exposure. AVNV charges 0.34%/yr vs 0.41%/yr for DBAW.

Performance

AVNV vs. DBAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Value ETF (AVNV) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNV achieves a 14.75% return, which is significantly lower than DBAW's 19.37% return.

AVNV

• 1D: -0.06%
• 1M: 1.54%
• YTD: 14.75%
• 6M: 14.98%
• 1Y: 37.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBAW

• 1D: 0.47%
• 1M: 5.47%
• YTD: 19.37%
• 6M: 19.97%
• 1Y: 39.95%
• 3Y*: 22.59%
• 5Y*: 12.02%
• 10Y*: 12.30%

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

AVNV vs. DBAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNV Avantis All International Markets Value ETF	14.75%	39.93%	5.43%	9.65%
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	19.37%	26.47%	14.35%	5.45%

Correlation

The correlation between AVNV and DBAW is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.85

The correlation between AVNV and DBAW has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

AVNV vs. DBAW - Sectors Allocation Comparison

Sectors	AVNV	DBAW
Financial Services	23.2%	23.2%
Industrials	18.1%	14.3%
Basic Materials	13.8%	6.9%
Consumer Cyclical	11.4%	7.6%
Technology	10.4%	22.4%
Energy	9.6%	4.8%
Communication Services	4.3%	4.9%
Consumer Defensive	3.3%	5.0%
Healthcare	3.2%	6.8%
Real Estate	1.4%	1.4%
Utilities	1.3%	2.9%

Return for Risk

AVNV vs. DBAW — Risk / Return Rank

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

AVNV

AVNV Risk / Return Rank: 74
AVNV Sharpe Ratio Rank: 80
AVNV Sortino Ratio Rank: 76
AVNV Omega Ratio Rank: 79
AVNV Calmar Ratio Rank: 67
AVNV Martin Ratio Rank: 68

DBAW

DBAW Risk / Return Rank: 88
DBAW Sharpe Ratio Rank: 90
DBAW Sortino Ratio Rank: 89
DBAW Omega Ratio Rank: 91
DBAW Calmar Ratio Rank: 85
DBAW Martin Ratio Rank: 87

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. DBAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). 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	DBAW	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.92	-0.48
Sortino ratio: Return per unit of downside risk	3.26	3.91	-0.66
Omega ratio: Gain probability vs. loss probability	1.45	1.57	-0.12
Calmar ratio: Return relative to maximum drawdown	3.21	4.46	-1.25
Martin ratio: Return relative to average drawdown	12.27	18.16	-5.89

AVNV vs. DBAW - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.44, which is comparable to the DBAW Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of AVNV and DBAW, 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. DBAW - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for AVNV and DBAW.

Drawdown Indicators

	AVNV	DBAW	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-31.44%	+17.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-9.00%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.44%	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.49%	-4.98%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.21%	+0.84%

Volatility

AVNV vs. DBAW - Volatility Comparison

Avantis All International Markets Value ETF (AVNV) has a higher volatility of 6.09% compared to Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) at 5.66%. This indicates that AVNV's price experiences larger fluctuations and is considered to be riskier than DBAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	DBAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	5.66%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	12.02%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	13.75%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	13.91%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	15.30%	-0.31%

AVNV vs. DBAW - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is lower than DBAW's 0.41% expense ratio.

Dividends

AVNV vs. DBAW - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 3.89%, more than DBAW's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNV Avantis All International Markets Value ETF	3.89%	3.14%	3.51%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	1.64%	3.83%	1.70%	3.45%	8.81%	2.05%	2.08%	2.91%	2.93%	2.41%	1.99%	5.74%

Frequently Asked Questions

Can I hold both AVNV and DBAW in my portfolio?

AVNV and DBAW have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNV or DBAW?

AVNV has higher volatility (6.09%) compared to DBAW (5.66%). In terms of maximum drawdown, AVNV dropped -13.89% vs DBAW's -31.44%.

Which ETF is better, AVNV or DBAW?

On 1-year performance, DBAW leads with 39.95% vs 37.29% for AVNV. On fees, AVNV is cheaper at 0.34% per year. On volatility, DBAW has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or DBAW?

Over the 1-year period, DBAW has performed better with a 39.95% return vs 37.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or DBAW?

AVNV is cheaper with a 0.34% expense ratio, compared with 0.41% for DBAW.

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

AVNV has the higher dividend yield at 3.89%, compared with 1.64% for DBAW.

What is the main difference between AVNV and DBAW?

They also come from different issuers: Avantis and Deutsche Bank. Their fees differ too: 0.34% for AVNV and 0.41% for DBAW.

Which has better risk-adjusted returns?

DBAW currently has the higher Sharpe Ratio (2.92 vs 2.44), 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.