BRSVX vs. AVDV

Last updated Jun 4, 2026

BRSVX (Bridgeway Small Cap Value Fund) and AVDV (Avantis International Small Cap Value ETF) are both funds - BRSVX is a Small Cap Value Equities fund managed by Bridgeway, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, BRSVX returned 6.17%/yr vs 13.72%/yr for AVDV. A 0.69 correlation means they provide meaningful diversification when combined. BRSVX charges 0.83%/yr vs 0.36%/yr for AVDV.

Performance

BRSVX vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Small Cap Value Fund (BRSVX) and Avantis International Small Cap Value ETF (AVDV). 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 BRSVX having a 15.38% return and AVDV slightly higher at 16.04%.

BRSVX

• 1D: 1.25%
• 1M: 2.06%
• YTD: 15.38%
• 6M: 14.57%
• 1Y: 32.69%
• 3Y*: 11.42%
• 5Y*: 6.17%
• 10Y*: 12.03%

AVDV

• 1D: -0.73%
• 1M: 3.98%
• YTD: 16.04%
• 6M: 19.54%
• 1Y: 44.23%
• 3Y*: 28.01%
• 5Y*: 13.72%
• 10Y*: —

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

BRSVX vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BRSVX Bridgeway Small Cap Value Fund	15.38%	5.51%	-0.22%	14.20%	-7.76%	67.87%	12.04%	5.98%
AVDV Avantis International Small Cap Value ETF	16.04%	49.37%	8.67%	16.85%	-11.47%	15.80%	5.01%	12.05%

Correlation

The correlation between BRSVX and AVDV is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.69

The correlation between BRSVX and AVDV shifts across timeframes, from 0.55 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRSVX vs. AVDV — Risk / Return Rank

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

BRSVX

BRSVX Risk / Return Rank: 53
BRSVX Sharpe Ratio Rank: 42
BRSVX Sortino Ratio Rank: 44
BRSVX Omega Ratio Rank: 39
BRSVX Calmar Ratio Rank: 82
BRSVX Martin Ratio Rank: 57

AVDV

AVDV Risk / Return Rank: 78
AVDV Sharpe Ratio Rank: 85
AVDV Sortino Ratio Rank: 83
AVDV Omega Ratio Rank: 84
AVDV Calmar Ratio Rank: 66
AVDV Martin Ratio Rank: 72

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.

BRSVX vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Small Cap Value Fund (BRSVX) and Avantis International Small Cap Value ETF (AVDV). 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.

	BRSVX	AVDV	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.86	-0.97
Sortino ratio Return per unit of downside risk	2.77	3.79	-1.02
Omega ratio Gain probability vs. loss probability	1.34	1.52	-0.18
Calmar ratio Return relative to maximum drawdown	3.82	3.37	+0.45
Martin ratio Return relative to average drawdown	11.47	13.67	-2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRSVX vs. AVDV - Sharpe Ratio Comparison

The current BRSVX Sharpe Ratio is 1.89, which is lower than the AVDV Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of BRSVX and AVDV, 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

	BRSVX	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.86	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.80	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.80	-0.44

Drawdowns

BRSVX vs. AVDV - Drawdown Comparison

The maximum BRSVX drawdown since its inception was -67.58%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for BRSVX and AVDV.

Drawdown Indicators

	BRSVX	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-67.58%	-43.01%	-24.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-13.19%	+4.08%
Max Drawdown (3Y) Largest decline over 3 years	-30.52%	-14.17%	-16.35%
Max Drawdown (5Y) Largest decline over 5 years	-30.52%	-28.08%	-2.44%
Max Drawdown (10Y) Largest decline over 10 years	-51.67%	—	—
Current Drawdown Current decline from peak	-0.54%	-1.35%	+0.81%
Average Drawdown Average peak-to-trough decline	-13.65%	-6.77%	-6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.24%	-0.21%

Volatility

BRSVX vs. AVDV - Volatility Comparison

Bridgeway Small Cap Value Fund (BRSVX) and Avantis International Small Cap Value ETF (AVDV) have volatilities of 4.94% and 4.92%, 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

	BRSVX	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	4.92%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.83%	13.07%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	15.56%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	17.30%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	19.73%	+4.52%

BRSVX vs. AVDV - Expense Ratio Comparison

BRSVX has a 0.83% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

BRSVX vs. AVDV - Dividend Comparison

BRSVX's dividend yield for the trailing twelve months is around 1.82%, less than AVDV's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDV Avantis International Small Cap Value ETF	2.74%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%	0.00%
BRSVX Bridgeway Small Cap Value Fund	1.82%	2.10%	3.35%	2.64%	0.96%	4.55%	0.84%	2.38%	21.58%	0.87%	0.97%	1.96%

Frequently Asked Questions

Can I hold both BRSVX and AVDV in my portfolio?

BRSVX and AVDV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRSVX or AVDV?

BRSVX has higher volatility (4.94%) compared to AVDV (4.92%). In terms of maximum drawdown, BRSVX dropped -67.58% vs AVDV's -43.01%.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.86 vs 1.89), 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.