AVSD vs. ESGD

Last updated Jun 4, 2026

AVSD (Avantis Responsible International Equity ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both Foreign Large Cap Equities funds - AVSD tracks the MSCI World ex USA IMI while ESGD tracks the MSCI EAFE Extended ESG Focus Index. Both are passively managed. Over the past 3 years, AVSD returned 19.59%/yr vs 15.89%/yr for ESGD. With a 0.98 correlation, they move nearly in lockstep. AVSD charges 0.23%/yr vs 0.20%/yr for ESGD.

Performance

AVSD vs. ESGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Responsible International Equity ETF (AVSD) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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 AVSD having a 7.97% return and ESGD slightly higher at 8.31%.

AVSD

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

ESGD

• 1D: -0.81%
• 1M: 3.52%
• YTD: 8.31%
• 6M: 10.53%
• 1Y: 20.25%
• 3Y*: 15.89%
• 5Y*: 7.90%
• 10Y*: —

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

AVSD vs. ESGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSD Avantis Responsible International Equity ETF	7.97%	37.07%	6.69%	17.49%	-9.69%
ESGD iShares ESG Aware MSCI EAFE ETF	8.31%	29.63%	3.95%	18.53%	-8.28%

Correlation

The correlation between AVSD and ESGD is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.98

The correlation between AVSD and ESGD has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

AVSD vs. ESGD - Sectors Allocation Comparison

Sectors	AVSD	ESGD
Financial Services	32.2%	26.4%
Industrials	16.8%	19.2%
Consumer Cyclical	12.0%	7.6%
Technology	9.7%	11.7%
Healthcare	7.9%	10.3%
Basic Materials	5.9%	4.6%
Consumer Defensive	5.0%	6.4%
Communication Services	4.9%	4.0%
Utilities	2.8%	3.9%
Real Estate	2.6%	2.0%
Energy	0.4%	3.9%

Return for Risk

AVSD vs. ESGD — 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

ESGD

ESGD Risk / Return Rank: 37
ESGD Sharpe Ratio Rank: 37
ESGD Sortino Ratio Rank: 37
ESGD Omega Ratio Rank: 36
ESGD Calmar Ratio Rank: 35
ESGD Martin Ratio Rank: 41

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. ESGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible International Equity ETF (AVSD) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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	ESGD	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.34	+0.21
Sortino ratio: Return per unit of downside risk	2.24	1.95	+0.30
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	1.86	1.74	+0.12
Martin ratio: Return relative to average drawdown	7.20	6.53	+0.68
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. ESGD - Sharpe Ratio Comparison

The current AVSD Sharpe Ratio is 1.55, which is comparable to the ESGD Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of AVSD and ESGD, 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	ESGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.34	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.57	+0.22

Drawdowns

AVSD vs. ESGD - Drawdown Comparison

The maximum AVSD drawdown since its inception was -25.56%, smaller than the maximum ESGD drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for AVSD and ESGD.

Drawdown Indicators

	AVSD	ESGD	Difference
Max Drawdown Largest peak-to-trough decline	-25.56%	-33.70%	+8.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.63%	-11.68%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-13.30%	-13.86%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.03%	—
Current Drawdown Current decline from peak	-1.38%	-1.36%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.92%	-6.19%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	3.11%	+0.15%

Volatility

AVSD vs. ESGD - Volatility Comparison

Avantis Responsible International Equity ETF (AVSD) and iShares ESG Aware MSCI EAFE ETF (ESGD) have volatilities of 4.90% and 4.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSD	ESGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	4.88%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	12.59%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	15.22%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	16.61%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	16.97%	-0.31%

AVSD vs. ESGD - Expense Ratio Comparison

AVSD has a 0.23% expense ratio, which is higher than ESGD's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVSD vs. ESGD - Dividend Comparison

AVSD's dividend yield for the trailing twelve months is around 2.44%, less than ESGD's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVSD Avantis Responsible International Equity ETF	2.44%	2.54%	3.25%	2.53%	1.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESGD iShares ESG Aware MSCI EAFE ETF	3.33%	3.60%	3.23%	3.02%	2.59%	2.75%	1.63%	2.57%	2.69%	2.65%	0.09%

Frequently Asked Questions

Can I hold both AVSD and ESGD in my portfolio?

With a correlation of 0.98, AVSD and ESGD 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, AVSD or ESGD?

AVSD has higher volatility (4.90%) compared to ESGD (4.88%). In terms of maximum drawdown, AVSD dropped -25.56% vs ESGD's -33.70%.

Which ETF is better, AVSD or ESGD?

On 3-year performance, AVSD leads with 19.59% vs 15.89% for ESGD. On fees, ESGD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSD or ESGD?

Over the 3-year period, AVSD has performed better with a 19.59% return vs 15.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSD or ESGD?

ESGD is cheaper with a 0.20% expense ratio, compared with 0.23% for AVSD.

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

ESGD has the higher dividend yield at 3.33%, compared with 2.44% for AVSD.

What is the main difference between AVSD and ESGD?

AVSD tracks MSCI World ex USA IMI, while ESGD tracks MSCI EAFE Extended ESG Focus Index. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.23% for AVSD and 0.20% for ESGD.

Which has better risk-adjusted returns?

AVSD currently has the higher Sharpe Ratio (1.55 vs 1.34), 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.