AVSD vs. AVGE

Last updated Jun 4, 2026

AVSD (Avantis Responsible International Equity ETF) and AVGE (Avantis All Equity Markets ETF) are both exchange-traded funds - AVSD is a Foreign Large Cap Equities fund tracking the MSCI World ex USA IMI, while AVGE is a Global Equities fund tracking the MSCI AC World IMI. Both are passively managed. Over the past 3 years, AVSD returned 19.59%/yr vs 21.61%/yr for AVGE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.23% expense ratio.

Performance

AVSD vs. AVGE - Performance Comparison

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

Returns By Period

In the year-to-date period, AVSD achieves a 7.97% return, which is significantly lower than AVGE's 15.58% return.

AVSD

• 1D: -0.89%
• 1M: 3.73%
• YTD: 7.97%
• 6M: 11.12%
• 1Y: 23.43%
• 3Y*: 19.59%
• 5Y*: —
• 10Y*: —

AVGE

• 1D: -0.58%
• 1M: 4.37%
• YTD: 15.58%
• 6M: 16.71%
• 1Y: 33.84%
• 3Y*: 21.61%
• 5Y*: —
• 10Y*: —

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

AVSD vs. AVGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSD Avantis Responsible International Equity ETF	7.97%	37.07%	6.69%	17.49%	17.01%
AVGE Avantis All Equity Markets ETF	15.58%	20.84%	13.96%	19.04%	11.18%

Correlation

The correlation between AVSD and AVGE is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.86

The correlation between AVSD and AVGE has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

AVSD vs. AVGE - Sectors Allocation Comparison

Sectors	AVSD	AVGE
Financial Services	32.2%	18.0%
Industrials	16.8%	13.7%
Consumer Cyclical	12.0%	11.9%
Technology	9.7%	19.1%
Healthcare	7.9%	6.0%
Basic Materials	5.9%	5.3%
Consumer Defensive	5.0%	4.7%
Communication Services	4.9%	6.9%
Utilities	2.8%	2.1%
Real Estate	2.6%	3.5%
Energy	0.4%	8.8%

Return for Risk

AVSD vs. AVGE — 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: 44
AVSD Omega Ratio Rank: 44
AVSD Calmar Ratio Rank: 38
AVSD Martin Ratio Rank: 44

AVGE

AVGE Risk / Return Rank: 81
AVGE Sharpe Ratio Rank: 82
AVGE Sortino Ratio Rank: 83
AVGE Omega Ratio Rank: 81
AVGE Calmar Ratio Rank: 77
AVGE Martin Ratio Rank: 83

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. AVGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible International Equity ETF (AVSD) and Avantis All Equity Markets ETF (AVGE). 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.

	AVSD	AVGE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.73	-1.18
Sortino ratio: Return per unit of downside risk	2.24	3.77	-1.52
Omega ratio: Gain probability vs. loss probability	1.28	1.50	-0.22
Calmar ratio: Return relative to maximum drawdown	1.86	3.95	-2.09
Martin ratio: Return relative to average drawdown	7.20	16.91	-9.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVSD vs. AVGE - Sharpe Ratio Comparison

The current AVSD Sharpe Ratio is 1.55, which is lower than the AVGE Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of AVSD and AVGE, 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

	AVSD	AVGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.73	-1.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.49	-0.70

Drawdowns

AVSD vs. AVGE - Drawdown Comparison

The maximum AVSD drawdown since its inception was -25.56%, which is greater than AVGE's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for AVSD and AVGE.

Drawdown Indicators

	AVSD	AVGE	Difference
Max Drawdown Largest peak-to-trough decline	-25.56%	-17.13%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.63%	-8.60%	-4.03%
Max Drawdown (3Y) Largest decline over 3 years	-13.30%	-17.13%	+3.83%
Current Drawdown Current decline from peak	-1.38%	-0.58%	-0.80%
Average Drawdown Average peak-to-trough decline	-4.92%	-2.41%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.01%	+1.25%

Volatility

AVSD vs. AVGE - Volatility Comparison

Avantis Responsible International Equity ETF (AVSD) has a higher volatility of 4.90% compared to Avantis All Equity Markets ETF (AVGE) at 3.58%. This indicates that AVSD's price experiences larger fluctuations and is considered to be riskier than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSD	AVGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	3.58%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	9.69%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	12.46%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	15.19%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	15.19%	+1.47%

AVSD vs. AVGE - Expense Ratio Comparison

Both AVSD and AVGE have an expense ratio of 0.23%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVSD vs. AVGE - Dividend Comparison

AVSD's dividend yield for the trailing twelve months is around 2.44%, more than AVGE's 1.61% yield.

Position	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	1.61%	1.67%	1.92%	1.93%	0.74%
AVSD Avantis Responsible International Equity ETF	2.44%	2.54%	3.25%	2.53%	1.35%

Frequently Asked Questions

Can I hold both AVSD and AVGE in my portfolio?

AVSD and AVGE have a correlation of 0.88, 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 AVGE?

AVSD has higher volatility (4.90%) compared to AVGE (3.58%). In terms of maximum drawdown, AVSD dropped -25.56% vs AVGE's -17.13%.

Which ETF is better, AVSD or AVGE?

On 3-year performance, AVGE leads with 21.61% vs 19.59% for AVSD. Both ETFs have the same 0.23% expense ratio. On volatility, AVGE has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSD or AVGE?

Over the 3-year period, AVGE has performed better with a 21.61% return vs 19.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSD or AVGE?

AVSD and AVGE have the same expense ratio: 0.23% per year.

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

AVSD has the higher dividend yield at 2.44%, compared with 1.61% for AVGE.

What is the main difference between AVSD and AVGE?

AVSD is categorized as Foreign Large Cap Equities, while AVGE is Global Equities. AVSD tracks MSCI World ex USA IMI, while AVGE tracks MSCI AC World IMI.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.73 vs 1.55), 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.