AVNV vs. VOO

Last updated Jun 24, 2026

AVNV (Avantis All International Markets Value ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - AVNV is a Foreign Large Cap Equities fund actively managed by Avantis, while VOO is a S&P 500 fund tracking the S&P 500 Index. AVNV is actively managed, while VOO is passively managed. Over the past year, AVNV returned 33.19% vs 23.69% for VOO. A 0.68 correlation means they provide meaningful diversification when combined. AVNV charges 0.34%/yr vs 0.03%/yr for VOO.

Performance

AVNV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Value ETF (AVNV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNV achieves a 11.87% return, which is significantly higher than VOO's 8.19% return.

AVNV

• 1D: -2.51%
• 1M: -1.01%
• YTD: 11.87%
• 6M: 11.50%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.19%
• 6M: 7.24%
• 1Y: 23.69%
• 3Y*: 20.78%
• 5Y*: 13.13%
• 10Y*: 15.61%

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

AVNV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNV Avantis All International Markets Value ETF	11.87%	39.93%	5.43%	9.65%
VOO Vanguard S&P 500 ETF	8.19%	17.82%	24.98%	9.80%

Correlation

The correlation between AVNV and VOO is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.68

The correlation between AVNV and VOO has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

AVNV vs. VOO - Sectors Allocation Comparison

Sectors	AVNV	VOO
Financial Services	23.2%	10.9%
Industrials	18.1%	7.6%
Basic Materials	13.8%	1.7%
Consumer Cyclical	11.4%	9.8%
Technology	10.4%	39.1%
Energy	9.6%	3.2%
Communication Services	4.3%	10.5%
Consumer Defensive	3.3%	4.5%
Healthcare	3.2%	8.3%
Real Estate	1.4%	1.8%
Utilities	1.3%	2.5%

Return for Risk

AVNV vs. VOO — Risk / Return Rank

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

AVNV

AVNV Risk / Return Rank: 66
AVNV Sharpe Ratio Rank: 69
AVNV Sortino Ratio Rank: 66
AVNV Omega Ratio Rank: 69
AVNV Calmar Ratio Rank: 60
AVNV Martin Ratio Rank: 63

VOO

VOO Risk / Return Rank: 59
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 56
VOO Omega Ratio Rank: 58
VOO Calmar Ratio Rank: 56
VOO Martin Ratio Rank: 67

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.91	+0.23
Sortino ratio: Return per unit of downside risk	2.87	2.60	+0.27
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	2.86	2.67	+0.19
Martin ratio: Return relative to average drawdown	10.90	11.96	-1.06

AVNV vs. VOO - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.14, which is comparable to the VOO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of AVNV and VOO, 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. VOO - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AVNV and VOO.

Drawdown Indicators

	AVNV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-33.99%	+20.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-8.90%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-3.19%	-3.14%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.68%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	1.99%	+1.06%

Volatility

AVNV vs. VOO - Volatility Comparison

Avantis All International Markets Value ETF (AVNV) has a higher volatility of 6.61% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that AVNV's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	4.83%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	9.82%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	12.46%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.05%	16.91%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	18.02%	-2.97%

AVNV vs. VOO - Expense Ratio Comparison

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

Dividends

AVNV vs. VOO - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 3.99%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNV Avantis All International Markets Value ETF	3.99%	3.14%	3.51%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both AVNV and VOO in my portfolio?

AVNV and VOO have a correlation of 0.76, 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 VOO?

AVNV has higher volatility (6.61%) compared to VOO (4.83%). In terms of maximum drawdown, AVNV dropped -13.89% vs VOO's -33.99%.

Which ETF is better, AVNV or VOO?

On 1-year performance, AVNV leads with 33.19% vs 23.69% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or VOO?

Over the 1-year period, AVNV has performed better with a 33.19% return vs 23.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or VOO?

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

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

AVNV has the higher dividend yield at 3.99%, compared with 1.05% for VOO.

What is the main difference between AVNV and VOO?

AVNV is categorized as Foreign Large Cap Equities, while VOO is S&P 500. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.34% for AVNV and 0.03% for VOO.

Which has better risk-adjusted returns?

AVNV currently has the higher Sharpe Ratio (2.14 vs 1.91), 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.