CVIE vs. AVSD
Compare and contrast key facts about Calvert International Responsible Index ETF (CVIE) and Avantis Responsible International Equity ETF (AVSD).
CVIE and AVSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVIE is a passively managed fund by Calvert that tracks the performance of the Calvert International Responsible Index. It was launched on Jan 30, 2023. AVSD is a passively managed fund by Avantis that tracks the performance of the MSCI World ex USA IMI. It was launched on Mar 15, 2022. Both CVIE and AVSD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVIE or AVSD.
Key characteristics
| CVIE | AVSD | |
|---|---|---|
| YTD Return | 10.64% | 11.69% |
| 1Y Return | 19.66% | 20.34% |
| Sharpe Ratio | 1.49 | 1.55 |
| Daily Std Dev | 13.18% | 13.27% |
| Max Drawdown | -12.74% | -25.56% |
| Current Drawdown | -1.58% | -1.00% |
Correlation
The correlation between CVIE and AVSD is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CVIE vs. AVSD - Performance Comparison
In the year-to-date period, CVIE achieves a 10.64% return, which is significantly lower than AVSD's 11.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVIE vs. AVSD - Expense Ratio Comparison
CVIE has a 0.18% expense ratio, which is lower than AVSD's 0.23% 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%.
Risk-Adjusted Performance
CVIE vs. AVSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert International Responsible Index ETF (CVIE) and Avantis Responsible International Equity ETF (AVSD). 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.
Dividends
CVIE vs. AVSD - Dividend Comparison
CVIE's dividend yield for the trailing twelve months is around 1.80%, less than AVSD's 2.73% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CVIE Calvert International Responsible Index ETF | 1.80% | 1.96% | 0.00% |
AVSD Avantis Responsible International Equity ETF | 2.73% | 2.53% | 1.35% |
Drawdowns
CVIE vs. AVSD - Drawdown Comparison
The maximum CVIE drawdown since its inception was -12.74%, smaller than the maximum AVSD drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for CVIE and AVSD. For additional features, visit the drawdowns tool.
Volatility
CVIE vs. AVSD - Volatility Comparison
Calvert International Responsible Index ETF (CVIE) has a higher volatility of 4.20% compared to Avantis Responsible International Equity ETF (AVSD) at 3.94%. This indicates that CVIE's price experiences larger fluctuations and is considered to be riskier than AVSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.