AVWC.DE vs. OPEN.DE
AVWC.DE (Avantis Global Equity UCITS ETF USD Acc EUR) and OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) are both Global Equities funds. AVWC.DE is actively managed, while OPEN.DE is passively managed. Over the past year, AVWC.DE returned 28.75% vs 28.74% for OPEN.DE. A 0.78 correlation means they provide meaningful diversification when combined. AVWC.DE charges 0.22%/yr vs 0.25%/yr for OPEN.DE.
Performance
AVWC.DE vs. OPEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AVWC.DE achieves a 14.36% return, which is significantly lower than OPEN.DE's 19.86% return.
AVWC.DE
- 1D
- 0.15%
- 1M
- 4.37%
- YTD
- 14.36%
- 6M
- 15.26%
- 1Y
- 28.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEN.DE
- 1D
- -0.71%
- 1M
- 10.85%
- YTD
- 19.86%
- 6M
- 21.67%
- 1Y
- 28.74%
- 3Y*
- 16.69%
- 5Y*
- 11.65%
- 10Y*
- —
AVWC.DE vs. OPEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVWC.DE Avantis Global Equity UCITS ETF USD Acc EUR | 14.36% | 9.08% | 6.46% |
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 19.86% | 10.46% | 1.73% |
Correlation
The correlation between AVWC.DE and OPEN.DE is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.78 |
The correlation between AVWC.DE and OPEN.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
AVWC.DE vs. OPEN.DE — Risk / Return Rank
AVWC.DE
OPEN.DE
AVWC.DE vs. OPEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) and iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.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.
| AVWC.DE | OPEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.45 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 3.51 | +1.71 |
| Martin ratioReturn relative to average drawdown | 19.94 | 12.97 | +6.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVWC.DE | OPEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.40 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.76 | +0.48 |
Drawdowns
AVWC.DE vs. OPEN.DE - Drawdown Comparison
The maximum AVWC.DE drawdown since its inception was -21.65%, smaller than the maximum OPEN.DE drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for AVWC.DE and OPEN.DE.
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Drawdown Indicators
| AVWC.DE | OPEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -33.09% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -8.16% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.68% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.06% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -3.97% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.21% | -0.77% |
Volatility
AVWC.DE vs. OPEN.DE - Volatility Comparison
The current volatility for Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) is 2.89%, while iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) has a volatility of 4.89%. This indicates that AVWC.DE experiences smaller price fluctuations and is considered to be less risky than OPEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVWC.DE | OPEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 4.89% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 9.68% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 11.93% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 13.04% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 15.46% | -0.55% |
AVWC.DE vs. OPEN.DE - Expense Ratio Comparison
AVWC.DE has a 0.22% expense ratio, which is lower than OPEN.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AVWC.DE vs. OPEN.DE - Dividend Comparison
Neither AVWC.DE nor OPEN.DE has paid dividends to shareholders.
Frequently Asked Questions
AVWC.DE and OPEN.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVWC.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVWC.DE is cheaper with a 0.22% expense ratio, compared with 0.25% for OPEN.DE.
They also come from different issuers: Avantis and iShares. Their fees differ too: 0.22% for AVWC.DE and 0.25% for OPEN.DE.
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