DFIS vs. AVDV

Last updated Jun 23, 2026

DFIS (Dimensional International Small Cap ETF) and AVDV (Avantis International Small Cap Value ETF) are both Foreign Small & Mid Cap Equities funds. Both are actively managed. Over the past 3 years, DFIS returned 19.75%/yr vs 28.44%/yr for AVDV. With a 0.96 correlation, they move nearly in lockstep. DFIS charges 0.39%/yr vs 0.36%/yr for AVDV.

Performance

DFIS vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Small Cap ETF (DFIS) 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, DFIS achieves a 9.85% return, which is significantly lower than AVDV's 15.88% return.

DFIS

• 1D: 0.22%
• 1M: -0.39%
• YTD: 9.85%
• 6M: 10.18%
• 1Y: 27.72%
• 3Y*: 19.75%
• 5Y*: —
• 10Y*: —

AVDV

• 1D: 0.58%
• 1M: 0.45%
• YTD: 15.88%
• 6M: 16.04%
• 1Y: 44.77%
• 3Y*: 28.44%
• 5Y*: 14.52%
• 10Y*: —

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

DFIS vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFIS Dimensional International Small Cap ETF	9.85%	37.49%	3.80%	15.19%	-12.50%
AVDV Avantis International Small Cap Value ETF	15.88%	49.37%	8.67%	16.85%	-9.14%

Correlation

The correlation between DFIS and AVDV is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022	0.96

The correlation between DFIS and AVDV has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

DFIS vs. AVDV - Sectors Allocation Comparison

Sectors	DFIS	AVDV
Industrials	24.1%	22.8%
Basic Materials	14.6%	21.0%
Consumer Cyclical	13.5%	15.4%
Financial Services	11.7%	13.6%
Technology	9.8%	6.6%
Energy	5.6%	9.6%
Healthcare	5.3%	2.3%
Consumer Defensive	5.0%	3.4%
Communication Services	3.7%	2.4%
Real Estate	3.5%	1.3%
Utilities	3.2%	1.7%

Return for Risk

DFIS vs. AVDV — Risk / Return Rank

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

DFIS

DFIS Risk / Return Rank: 53
DFIS Sharpe Ratio Rank: 57
DFIS Sortino Ratio Rank: 56
DFIS Omega Ratio Rank: 55
DFIS Calmar Ratio Rank: 47
DFIS Martin Ratio Rank: 51

AVDV

AVDV Risk / Return Rank: 80
AVDV Sharpe Ratio Rank: 88
AVDV Sortino Ratio Rank: 85
AVDV Omega Ratio Rank: 85
AVDV Calmar Ratio Rank: 70
AVDV Martin Ratio Rank: 74

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.

DFIS vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Small Cap ETF (DFIS) 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.

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.

	DFIS	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.77	-0.91
Sortino ratio: Return per unit of downside risk	2.59	3.62	-1.03
Omega ratio: Gain probability vs. loss probability	1.33	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	2.24	3.41	-1.17
Martin ratio: Return relative to average drawdown	8.51	13.59	-5.09

DFIS vs. AVDV - Sharpe Ratio Comparison

The current DFIS Sharpe Ratio is 1.86, which is lower than the AVDV Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of DFIS 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.

Drawdowns

DFIS vs. AVDV - Drawdown Comparison

The maximum DFIS drawdown since its inception was -27.23%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for DFIS and AVDV.

Drawdown Indicators

	DFIS	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-43.01%	+15.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-13.19%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	-14.17%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.08%	—
Current Drawdown Current decline from peak	-2.28%	-1.49%	-0.79%
Average Drawdown Average peak-to-trough decline	-6.13%	-6.74%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.30%	-0.03%

Volatility

DFIS vs. AVDV - Volatility Comparison

The current volatility for Dimensional International Small Cap ETF (DFIS) is 4.86%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.78%. This indicates that DFIS experiences smaller price fluctuations and is considered to be less risky than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFIS	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	5.78%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	12.68%	13.93%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.00%	16.28%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	17.38%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	19.75%	-2.41%

DFIS vs. AVDV - Expense Ratio Comparison

DFIS has a 0.39% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

DFIS vs. AVDV - Dividend Comparison

DFIS's dividend yield for the trailing twelve months is around 2.03%, less than AVDV's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	4.08%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
DFIS Dimensional International Small Cap ETF	2.03%	2.23%	2.19%	2.36%	1.13%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFIS and AVDV in my portfolio?

With a correlation of 0.96, DFIS and AVDV 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, DFIS or AVDV?

AVDV has higher volatility (5.78%) compared to DFIS (4.86%). In terms of maximum drawdown, DFIS dropped -27.23% vs AVDV's -43.01%.

Which ETF is better, DFIS or AVDV?

On 3-year performance, AVDV leads with 28.44% vs 19.75% for DFIS. On fees, AVDV is cheaper at 0.36% per year. On volatility, DFIS has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFIS or AVDV?

Over the 3-year period, AVDV has performed better with a 28.44% return vs 19.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIS or AVDV?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.39% for DFIS.

Which ETF pays a higher dividend yield, DFIS or AVDV?

AVDV has the higher dividend yield at 4.08%, compared with 2.03% for DFIS.

What is the main difference between DFIS and AVDV?

They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.39% for DFIS and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.77 vs 1.86), 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.