AVNV vs. VEA

Last updated Jun 3, 2026

AVNV (Avantis All International Markets Value ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds. AVNV is actively managed, while VEA is passively managed. Over the past year, AVNV returned 37.53% vs 32.71% for VEA. With a 0.95 correlation, they move nearly in lockstep. AVNV charges 0.34%/yr vs 0.03%/yr for VEA.

Performance

AVNV vs. VEA - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVNV having a 15.29% return and VEA slightly higher at 15.96%.

AVNV

• 1D: 0.31%
• 1M: 3.75%
• YTD: 15.29%
• 6M: 18.99%
• 1Y: 37.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEA

• 1D: 0.63%
• 1M: 5.24%
• YTD: 15.96%
• 6M: 19.86%
• 1Y: 32.71%
• 3Y*: 20.13%
• 5Y*: 10.01%
• 10Y*: 10.27%

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

AVNV vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNV Avantis All International Markets Value ETF	15.29%	39.93%	5.43%	9.62%
VEA Vanguard FTSE Developed Markets ETF	15.96%	35.16%	3.15%	7.05%

Correlation

The correlation between AVNV and VEA is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.95

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

AVNV vs. VEA - Sectors Allocation Comparison

Sectors	AVNV	VEA
Financial Services	24.2%	23.3%
Industrials	17.5%	19.2%
Basic Materials	14.2%	7.5%
Consumer Cyclical	11.1%	7.5%
Energy	10.4%	5.4%
Technology	8.6%	13.8%
Communication Services	4.3%	3.4%
Consumer Defensive	3.4%	5.6%
Healthcare	3.3%	8.2%
Real Estate	1.6%	2.7%
Utilities	1.5%	3.3%

Return for Risk

AVNV vs. VEA — 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: 79
AVNV Sortino Ratio Rank: 77
AVNV Omega Ratio Rank: 78
AVNV Calmar Ratio Rank: 66
AVNV Martin Ratio Rank: 69

VEA

VEA Risk / Return Rank: 61
VEA Sharpe Ratio Rank: 62
VEA Sortino Ratio Rank: 61
VEA Omega Ratio Rank: 62
VEA Calmar Ratio Rank: 59
VEA Martin Ratio Rank: 63

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. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	AVNV	VEA	Difference
Sharpe ratio Return per unit of total volatility	2.60	2.10	+0.50
Sortino ratio Return per unit of downside risk	3.48	2.89	+0.59
Omega ratio Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio Return relative to maximum drawdown	3.34	2.94	+0.40
Martin ratio Return relative to average drawdown	12.97	11.50	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVNV vs. VEA - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.60, which is comparable to the VEA Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of AVNV and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVNV	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.10	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.25	+1.37

Drawdowns

AVNV vs. VEA - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for AVNV and VEA.

Drawdown Indicators

	AVNV	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-60.68%	+46.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-11.63%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.50%	-13.29%	+10.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.98%	+0.02%

Volatility

AVNV vs. VEA - Volatility Comparison

The current volatility for Avantis All International Markets Value ETF (AVNV) is 4.82%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 5.73%. This indicates that AVNV experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	5.73%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	12.26%	13.30%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	15.66%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	16.55%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	17.36%	-2.58%

AVNV vs. VEA - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

AVNV vs. VEA - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 2.84%, more than VEA's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNV Avantis All International Markets Value ETF	2.84%	3.14%	3.51%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.59%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both AVNV and VEA in my portfolio?

With a correlation of 0.95, AVNV and VEA 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 VEA?

VEA has higher volatility (5.73%) compared to AVNV (4.82%). In terms of maximum drawdown, AVNV dropped -13.89% vs VEA's -60.68%.

Which ETF is better, AVNV or VEA?

On 1-year performance, AVNV leads with 37.53% vs 32.71% for VEA. On fees, VEA is cheaper at 0.03% per year. On volatility, AVNV has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or VEA?

Over the 1-year period, AVNV has performed better with a 37.53% return vs 32.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.34% for AVNV.

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

AVNV has the higher dividend yield at 2.84%, compared with 2.59% for VEA.

What is the main difference between AVNV and VEA?

They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.34% for AVNV and 0.03% for VEA.

Which has better risk-adjusted returns?

AVNV currently has the higher Sharpe Ratio (2.60 vs 2.10), 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.