AVUVX vs. VWCE.DE

Last updated Jun 13, 2026

AVUVX (Avantis U.S. Small Cap Value Fund) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both funds - AVUVX is a Small Cap Value Equities fund managed by Avantis Investors, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Over the past 5 years, AVUVX returned 11.55%/yr vs 10.87%/yr for VWCE.DE. A 0.52 correlation means they provide meaningful diversification when combined. AVUVX charges 0.25%/yr vs 0.19%/yr for VWCE.DE.

Performance

AVUVX vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Small Cap Value Fund (AVUVX) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AVUVX is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVUVX achieves a 21.61% return, which is significantly higher than VWCE.DE's 10.00% return.

AVUVX

• 1D: 1.98%
• 1M: 5.29%
• YTD: 21.61%
• 6M: 18.41%
• 1Y: 39.78%
• 3Y*: 19.72%
• 5Y*: 11.55%
• 10Y*: —

VWCE.DE

• 1D: 1.71%
• 1M: 0.81%
• YTD: 10.00%
• 6M: 11.71%
• 1Y: 25.62%
• 3Y*: 19.75%
• 5Y*: 10.87%
• 10Y*: —

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

AVUVX vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUVX Avantis U.S. Small Cap Value Fund	21.61%	8.88%	8.83%	22.96%	-4.74%	40.31%	10.64%	4.95%
VWCE.DE Vanguard FTSE All-World UCITS ETF	10.00%	23.23%	17.30%	21.91%	-18.24%	18.47%	15.65%	5.72%

Correlation

The correlation between AVUVX and VWCE.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.52

The correlation between AVUVX and VWCE.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

Return for Risk

AVUVX vs. VWCE.DE — Risk / Return Rank

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

AVUVX

AVUVX Risk / Return Rank: 84
AVUVX Sharpe Ratio Rank: 82
AVUVX Sortino Ratio Rank: 81
AVUVX Omega Ratio Rank: 74
AVUVX Calmar Ratio Rank: 95
AVUVX Martin Ratio Rank: 90

VWCE.DE

VWCE.DE Risk / Return Rank: 82
VWCE.DE Sharpe Ratio Rank: 80
VWCE.DE Sortino Ratio Rank: 81
VWCE.DE Omega Ratio Rank: 80
VWCE.DE Calmar Ratio Rank: 83
VWCE.DE Martin Ratio Rank: 87

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.

AVUVX vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Small Cap Value Fund (AVUVX) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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.

	AVUVX	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.05	+0.20
Sortino ratio: Return per unit of downside risk	3.20	2.97	+0.23
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	4.81	2.86	+1.95
Martin ratio: Return relative to average drawdown	14.70	11.93	+2.76

AVUVX vs. VWCE.DE - Sharpe Ratio Comparison

The current AVUVX Sharpe Ratio is 2.24, which is comparable to the VWCE.DE Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AVUVX and VWCE.DE, 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

AVUVX vs. VWCE.DE - Drawdown Comparison

The maximum AVUVX drawdown since its inception was -50.24%, which is greater than VWCE.DE's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for AVUVX and VWCE.DE.

Drawdown Indicators

	AVUVX	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-50.24%	-33.91%	-16.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-8.91%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-28.81%	-17.27%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-26.11%	-2.70%
Current Drawdown Current decline from peak	0.00%	-2.01%	+2.01%
Average Drawdown Average peak-to-trough decline	-7.70%	-5.43%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.14%	+0.56%

Volatility

AVUVX vs. VWCE.DE - Volatility Comparison

Avantis U.S. Small Cap Value Fund (AVUVX) has a higher volatility of 4.56% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.93%. This indicates that AVUVX's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUVX	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	3.93%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	9.70%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	12.46%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	15.33%	+7.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	17.33%	+11.43%

AVUVX vs. VWCE.DE - Expense Ratio Comparison

AVUVX has a 0.25% expense ratio, which is higher than VWCE.DE's 0.19% 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

AVUVX vs. VWCE.DE - Dividend Comparison

AVUVX's dividend yield for the trailing twelve months is around 5.83%, while VWCE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUVX Avantis U.S. Small Cap Value Fund	5.83%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVUVX and VWCE.DE in my portfolio?

AVUVX and VWCE.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.