BWB vs. AVDV

Last updated Jun 4, 2026

BWB (Bridgewater Bancshares, Inc.) is a stock, while AVDV (Avantis International Small Cap Value ETF) is Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, BWB returned 1.18%/yr vs 13.72%/yr for AVDV. At a 0.39 correlation, their price movements are largely independent.

Performance

BWB vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgewater Bancshares, Inc. (BWB) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWB achieves a 5.08% return, which is significantly lower than AVDV's 16.04% return.

BWB

• 1D: -2.80%
• 1M: 2.45%
• YTD: 5.08%
• 6M: 2.96%
• 1Y: 25.99%
• 3Y*: 23.33%
• 5Y*: 1.18%
• 10Y*: —

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)

BWB vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BWB Bridgewater Bancshares, Inc.	5.08%	29.76%	-0.07%	-23.79%	0.28%	41.63%	-9.36%	15.12%
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 BWB and AVDV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.39

Return for Risk

BWB vs. AVDV — Risk / Return Rank

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

BWB

BWB Risk / Return Rank: 68
BWB Sharpe Ratio Rank: 70
BWB Sortino Ratio Rank: 64
BWB Omega Ratio Rank: 62
BWB Calmar Ratio Rank: 70
BWB Martin Ratio Rank: 72

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.

BWB vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgewater Bancshares, Inc. (BWB) 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.

	BWB	AVDV	Difference
Sharpe ratio Return per unit of total volatility	0.96	2.86	-1.90
Sortino ratio Return per unit of downside risk	1.49	3.79	-2.31
Omega ratio Gain probability vs. loss probability	1.18	1.52	-0.34
Calmar ratio Return relative to maximum drawdown	1.67	3.37	-1.70
Martin ratio Return relative to average drawdown	4.23	13.67	-9.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWB vs. AVDV - Sharpe Ratio Comparison

The current BWB Sharpe Ratio is 0.96, which is lower than the AVDV Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of BWB 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

	BWB	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	2.86	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.80	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.80	-0.66

Drawdowns

BWB vs. AVDV - Drawdown Comparison

The maximum BWB drawdown since its inception was -59.49%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for BWB and AVDV.

Drawdown Indicators

	BWB	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-59.49%	-43.01%	-16.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-13.19%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-14.17%	-8.02%
Max Drawdown (5Y) Largest decline over 5 years	-59.49%	-28.08%	-31.41%
Current Drawdown Current decline from peak	-7.76%	-1.35%	-6.41%
Average Drawdown Average peak-to-trough decline	-20.22%	-6.77%	-13.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	3.24%	+2.92%

Volatility

BWB vs. AVDV - Volatility Comparison

Bridgewater Bancshares, Inc. (BWB) has a higher volatility of 6.22% compared to Avantis International Small Cap Value ETF (AVDV) at 4.92%. This indicates that BWB's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWB	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	4.92%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	13.07%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	27.14%	15.56%	+11.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.39%	17.30%	+15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.36%	19.73%	+14.63%

Dividends

BWB vs. AVDV - Dividend Comparison

BWB has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.74%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
BWB Bridgewater Bancshares, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BWB and AVDV in my portfolio?

BWB and AVDV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWB or AVDV?

BWB has higher volatility (6.22%) compared to AVDV (4.92%). In terms of maximum drawdown, BWB dropped -59.49% vs AVDV's -43.01%.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.86 vs 0.96), 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.