DFAI vs. AVDE

Last updated Jun 24, 2026

DFAI (Dimensional International Core Equity Market ETF) and AVDE (Avantis International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 5 years, DFAI returned 9.35%/yr vs 10.08%/yr for AVDE. With a 0.99 correlation, they move nearly in lockstep. DFAI charges 0.18%/yr vs 0.23%/yr for AVDE.

Performance

DFAI vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Core Equity Market ETF (DFAI) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFAI achieves a 7.50% return, which is significantly lower than AVDE's 9.44% return.

DFAI

• 1D: -2.83%
• 1M: -1.64%
• YTD: 7.50%
• 6M: 6.97%
• 1Y: 23.12%
• 3Y*: 17.77%
• 5Y*: 9.35%
• 10Y*: —

AVDE

• 1D: -2.02%
• 1M: -0.88%
• YTD: 9.44%
• 6M: 8.96%
• 1Y: 26.87%
• 3Y*: 19.94%
• 5Y*: 10.08%
• 10Y*: —

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

DFAI vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFAI Dimensional International Core Equity Market ETF	7.50%	34.04%	4.68%	17.60%	-12.95%	13.86%	5.34%
AVDE Avantis International Equity ETF	9.44%	38.05%	4.88%	17.18%	-13.68%	13.62%	6.76%

Correlation

The correlation between DFAI and AVDE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.99

The correlation between DFAI and AVDE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

DFAI vs. AVDE - Sectors Allocation Comparison

Sectors	DFAI	AVDE
Financial Services	26.9%	23.9%
Industrials	17.2%	20.2%
Healthcare	11.4%	5.7%
Basic Materials	10.8%	11.4%
Technology	7.8%	8.0%
Consumer Cyclical	5.8%	9.4%
Consumer Defensive	5.3%	4.3%
Energy	4.7%	7.4%
Communication Services	4.3%	4.1%
Utilities	4.2%	4.0%
Real Estate	1.5%	1.5%

Return for Risk

DFAI vs. AVDE — Risk / Return Rank

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

DFAI

DFAI Risk / Return Rank: 47
DFAI Sharpe Ratio Rank: 47
DFAI Sortino Ratio Rank: 46
DFAI Omega Ratio Rank: 46
DFAI Calmar Ratio Rank: 44
DFAI Martin Ratio Rank: 50

AVDE

AVDE Risk / Return Rank: 53
AVDE Sharpe Ratio Rank: 54
AVDE Sortino Ratio Rank: 53
AVDE Omega Ratio Rank: 53
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

DFAI vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Core Equity Market ETF (DFAI) and Avantis International Equity ETF (AVDE). 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.

	DFAI	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.78	-0.21
Sortino ratio: Return per unit of downside risk	2.21	2.48	-0.28
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.12	2.35	-0.23
Martin ratio: Return relative to average drawdown	8.25	9.18	-0.93

DFAI vs. AVDE - Sharpe Ratio Comparison

The current DFAI Sharpe Ratio is 1.57, which is comparable to the AVDE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of DFAI and AVDE, 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

DFAI vs. AVDE - Drawdown Comparison

The maximum DFAI drawdown since its inception was -27.44%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for DFAI and AVDE.

Drawdown Indicators

	DFAI	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-27.44%	-36.99%	+9.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	-11.48%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-13.46%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-27.44%	-28.73%	+1.29%
Current Drawdown Current decline from peak	-3.10%	-2.37%	-0.73%
Average Drawdown Average peak-to-trough decline	-5.09%	-6.13%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.93%	-0.12%

Volatility

DFAI vs. AVDE - Volatility Comparison

Dimensional International Core Equity Market ETF (DFAI) and Avantis International Equity ETF (AVDE) have volatilities of 5.38% and 5.36%, 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

	DFAI	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	5.36%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.60%	12.95%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	15.13%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	16.39%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	18.92%	-3.15%

DFAI vs. AVDE - Expense Ratio Comparison

DFAI has a 0.18% expense ratio, which is lower than AVDE'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%.

Dividends

DFAI vs. AVDE - Dividend Comparison

DFAI's dividend yield for the trailing twelve months is around 2.29%, less than AVDE's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	3.89%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
DFAI Dimensional International Core Equity Market ETF	2.29%	2.45%	2.72%	2.64%	2.72%	2.06%	0.09%	0.00%

Frequently Asked Questions

Can I hold both DFAI and AVDE in my portfolio?

With a correlation of 0.99, DFAI and AVDE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFAI or AVDE?

DFAI has higher volatility (5.38%) compared to AVDE (5.36%). In terms of maximum drawdown, DFAI dropped -27.44% vs AVDE's -36.99%.

Which ETF is better, DFAI or AVDE?

On 5-year performance, AVDE leads with 10.08% vs 9.35% for DFAI. On fees, DFAI is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAI or AVDE?

Over the 5-year period, AVDE has performed better with a 10.08% return vs 9.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAI or AVDE?

DFAI is cheaper with a 0.18% expense ratio, compared with 0.23% for AVDE.

Which ETF pays a higher dividend yield, DFAI or AVDE?

AVDE has the higher dividend yield at 3.89%, compared with 2.29% for DFAI.

What is the main difference between DFAI and AVDE?

They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.18% for DFAI and 0.23% for AVDE.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.78 vs 1.57), 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.