AVSD vs. AVEE

Last updated Jun 25, 2026

AVSD (Avantis Responsible International Equity ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both exchange-traded funds - AVSD is a Foreign Large Cap Equities fund tracking the MSCI World ex USA IMI, while AVEE is a Emerging Markets Diversified fund actively managed by Avantis. AVSD is passively managed, while AVEE is actively managed. Over the past year, AVSD returned 21.84% vs 18.56% for AVEE. A 0.72 correlation means they provide meaningful diversification when combined. AVSD charges 0.23%/yr vs 0.42%/yr for AVEE.

Performance

AVSD vs. AVEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Responsible International Equity ETF (AVSD) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVSD achieves a 7.69% return, which is significantly lower than AVEE's 10.87% return.

AVSD

• 1D: -0.27%
• 1M: 0.15%
• YTD: 7.69%
• 6M: 7.06%
• 1Y: 21.84%
• 3Y*: 19.73%
• 5Y*: —
• 10Y*: —

AVEE

• 1D: -0.20%
• 1M: -1.92%
• YTD: 10.87%
• 6M: 10.67%
• 1Y: 18.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVSD vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVSD Avantis Responsible International Equity ETF	7.69%	37.07%	6.69%	12.04%
AVEE Avantis Emerging Markets Small Cap Equity ETF	10.87%	19.80%	2.91%	6.15%

Correlation

The correlation between AVSD and AVEE is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.72

The correlation between AVSD and AVEE has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

Return for Risk

AVSD vs. AVEE — Risk / Return Rank

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

AVSD

AVSD Risk / Return Rank: 43
AVSD Sharpe Ratio Rank: 44
AVSD Sortino Ratio Rank: 45
AVSD Omega Ratio Rank: 44
AVSD Calmar Ratio Rank: 39
AVSD Martin Ratio Rank: 45

AVEE

AVEE Risk / Return Rank: 34
AVEE Sharpe Ratio Rank: 31
AVEE Sortino Ratio Rank: 29
AVEE Omega Ratio Rank: 32
AVEE Calmar Ratio Rank: 38
AVEE Martin Ratio Rank: 38

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.

AVSD vs. AVEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible International Equity ETF (AVSD) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.

	AVSD	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.03	+0.37
Sortino ratio: Return per unit of downside risk	2.04	1.47	+0.57
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	1.74	1.75	-0.01
Martin ratio: Return relative to average drawdown	6.68	5.41	+1.27

AVSD vs. AVEE - Sharpe Ratio Comparison

The current AVSD Sharpe Ratio is 1.40, which is higher than the AVEE Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of AVSD and AVEE, 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

AVSD vs. AVEE - Drawdown Comparison

The maximum AVSD drawdown since its inception was -25.56%, which is greater than AVEE's maximum drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for AVSD and AVEE.

Drawdown Indicators

	AVSD	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-25.56%	-20.21%	-5.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.63%	-10.65%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-13.30%	—	—
Current Drawdown Current decline from peak	-2.07%	-5.09%	+3.02%
Average Drawdown Average peak-to-trough decline	-4.87%	-3.67%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.44%	-0.16%

Volatility

AVSD vs. AVEE - Volatility Comparison

The current volatility for Avantis Responsible International Equity ETF (AVSD) is 5.23%, while Avantis Emerging Markets Small Cap Equity ETF (AVEE) has a volatility of 9.18%. This indicates that AVSD experiences smaller price fluctuations and is considered to be less risky than AVEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSD	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	9.18%	-3.95%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	16.09%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	18.28%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	17.20%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	17.20%	-0.50%

AVSD vs. AVEE - Expense Ratio Comparison

AVSD has a 0.23% expense ratio, which is lower than AVEE's 0.42% expense ratio.

Dividends

AVSD vs. AVEE - Dividend Comparison

AVSD's dividend yield for the trailing twelve months is around 2.37%, more than AVEE's 2.24% yield.

Position	TTM	2025	2024	2023	2022
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.24%	2.25%	3.26%	0.39%	0.00%
AVSD Avantis Responsible International Equity ETF	2.37%	2.54%	3.25%	2.53%	1.35%

Frequently Asked Questions

Can I hold both AVSD and AVEE in my portfolio?

AVSD and AVEE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVSD or AVEE?

AVEE has higher volatility (9.18%) compared to AVSD (5.23%). In terms of maximum drawdown, AVSD dropped -25.56% vs AVEE's -20.21%.

Which ETF is better, AVSD or AVEE?

On 1-year performance, AVSD leads with 21.84% vs 18.56% for AVEE. On fees, AVSD is cheaper at 0.23% per year. On volatility, AVSD has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSD or AVEE?

Over the 1-year period, AVSD has performed better with a 21.84% return vs 18.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSD or AVEE?

AVSD is cheaper with a 0.23% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, AVSD or AVEE?

AVSD has the higher dividend yield at 2.37%, compared with 2.24% for AVEE.

What is the main difference between AVSD and AVEE?

AVSD is categorized as Foreign Large Cap Equities, while AVEE is Emerging Markets Diversified. Their fees differ too: 0.23% for AVSD and 0.42% for AVEE.

Which has better risk-adjusted returns?

AVSD currently has the higher Sharpe Ratio (1.40 vs 1.03), 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.