AVUV vs. EGRIX

Last updated Jun 14, 2026

AVUV (Avantis US Small Cap Value ETF) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 5 years, AVUV returned 11.57%/yr vs 8.64%/yr for EGRIX. At a 0.17 correlation, their price movements are largely independent. AVUV charges 0.25%/yr vs 1.05%/yr for EGRIX.

Performance

AVUV vs. EGRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVUV achieves a 22.73% return, which is significantly higher than EGRIX's 6.76% return.

AVUV

• 1D: 0.96%
• 1M: 6.47%
• YTD: 22.73%
• 6M: 19.51%
• 1Y: 42.12%
• 3Y*: 19.24%
• 5Y*: 11.57%
• 10Y*: —

EGRIX

• 1D: 0.32%
• 1M: 0.89%
• YTD: 6.76%
• 6M: 8.31%
• 1Y: 18.75%
• 3Y*: 13.23%
• 5Y*: 8.64%
• 10Y*: 6.53%

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

AVUV vs. EGRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	22.73%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund	6.76%	20.36%	9.50%	8.37%	-1.94%	3.66%	4.71%	5.67%

Correlation

The correlation between AVUV and EGRIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.17

Return for Risk

AVUV vs. EGRIX — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 84
AVUV Sharpe Ratio Rank: 83
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 85

EGRIX

EGRIX Risk / Return Rank: 98
EGRIX Sharpe Ratio Rank: 100
EGRIX Sortino Ratio Rank: 99
EGRIX Omega Ratio Rank: 98
EGRIX Calmar Ratio Rank: 96
EGRIX Martin Ratio Rank: 96

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.

AVUV vs. EGRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.

	AVUV	EGRIX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	5.36	-3.08
Sortino ratio: Return per unit of downside risk	3.24	7.64	-4.40
Omega ratio: Gain probability vs. loss probability	1.39	2.42	-1.03
Calmar ratio: Return relative to maximum drawdown	5.06	5.66	-0.59
Martin ratio: Return relative to average drawdown	15.09	20.46	-5.37

AVUV vs. EGRIX - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.28, which is lower than the EGRIX Sharpe Ratio of 5.36. The chart below compares the historical Sharpe Ratios of AVUV and EGRIX, 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

AVUV vs. EGRIX - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for AVUV and EGRIX.

Drawdown Indicators

	AVUV	EGRIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-14.17%	-35.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-3.37%	-4.58%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-3.37%	-25.42%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-10.18%	-18.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.17%	—
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	-7.91%	-1.84%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	0.93%	+1.74%

Volatility

AVUV vs. EGRIX - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) has a higher volatility of 4.53% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.86%. This indicates that AVUV's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	EGRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	0.86%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	3.20%	+8.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	3.55%	+14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	4.03%	+18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.26%	3.97%	+24.29%

AVUV vs. EGRIX - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than EGRIX's 1.05% expense ratio.

Dividends

AVUV vs. EGRIX - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.61%, less than EGRIX's 6.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.61%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund	6.23%	6.65%	6.00%	3.40%	4.82%	4.89%	5.82%	4.15%	0.06%	3.22%	1.78%	6.67%

Frequently Asked Questions

Can I hold both AVUV and EGRIX in my portfolio?

AVUV and EGRIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUV or EGRIX?

AVUV has higher volatility (4.53%) compared to EGRIX (0.86%). In terms of maximum drawdown, AVUV dropped -49.42% vs EGRIX's -14.17%.

Which has better risk-adjusted returns?

EGRIX currently has the higher Sharpe Ratio (5.36 vs 2.28), 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.