DFWVX vs. AVNV

Last updated Jun 23, 2026

DFWVX (DFA World ex U.S. Value Portfolio Fund) and AVNV (Avantis All International Markets Value ETF) are both Foreign Large Cap Equities funds. Over the past year, DFWVX returned 39.52% vs 37.29% for AVNV. With a 0.96 correlation, they move nearly in lockstep. DFWVX charges 0.40%/yr vs 0.34%/yr for AVNV.

Performance

DFWVX vs. AVNV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA World ex U.S. Value Portfolio Fund (DFWVX) and Avantis All International Markets Value ETF (AVNV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFWVX achieves a 16.08% return, which is significantly higher than AVNV's 14.75% return.

DFWVX

• 1D: 0.60%
• 1M: 1.78%
• YTD: 16.08%
• 6M: 16.69%
• 1Y: 39.52%
• 3Y*: 22.56%
• 5Y*: 17.15%
• 10Y*: 29.43%

AVNV

• 1D: -0.06%
• 1M: 1.54%
• YTD: 14.75%
• 6M: 14.98%
• 1Y: 37.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFWVX vs. AVNV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFWVX DFA World ex U.S. Value Portfolio Fund	16.08%	40.30%	6.66%	8.18%
AVNV Avantis All International Markets Value ETF	14.75%	39.93%	5.43%	9.65%

Correlation

The correlation between DFWVX and AVNV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.96

The correlation between DFWVX and AVNV has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

DFWVX vs. AVNV — Risk / Return Rank

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

DFWVX

DFWVX Risk / Return Rank: 88
DFWVX Sharpe Ratio Rank: 93
DFWVX Sortino Ratio Rank: 87
DFWVX Omega Ratio Rank: 86
DFWVX Calmar Ratio Rank: 87
DFWVX Martin Ratio Rank: 84

AVNV

AVNV Risk / Return Rank: 74
AVNV Sharpe Ratio Rank: 80
AVNV Sortino Ratio Rank: 76
AVNV Omega Ratio Rank: 79
AVNV Calmar Ratio Rank: 67
AVNV Martin Ratio Rank: 68

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.

DFWVX vs. AVNV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Value Portfolio Fund (DFWVX) and Avantis All International Markets Value ETF (AVNV). 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.

	DFWVX	AVNV	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.44	+0.48
Sortino ratio: Return per unit of downside risk	3.89	3.26	+0.64
Omega ratio: Gain probability vs. loss probability	1.55	1.45	+0.10
Calmar ratio: Return relative to maximum drawdown	3.96	3.21	+0.75
Martin ratio: Return relative to average drawdown	14.69	12.27	+2.42

DFWVX vs. AVNV - Sharpe Ratio Comparison

The current DFWVX Sharpe Ratio is 2.93, which is comparable to the AVNV Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of DFWVX and AVNV, 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

DFWVX vs. AVNV - Drawdown Comparison

The maximum DFWVX drawdown since its inception was -41.32%, which is greater than AVNV's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for DFWVX and AVNV.

Drawdown Indicators

	DFWVX	AVNV	Difference
Max Drawdown Largest peak-to-trough decline	-41.32%	-13.89%	-27.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	-11.66%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.32%	—	—
Current Drawdown Current decline from peak	-1.04%	-0.70%	-0.34%
Average Drawdown Average peak-to-trough decline	-7.06%	-2.49%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.05%	-0.39%

Volatility

DFWVX vs. AVNV - Volatility Comparison

The current volatility for DFA World ex U.S. Value Portfolio Fund (DFWVX) is 5.18%, while Avantis All International Markets Value ETF (AVNV) has a volatility of 6.09%. This indicates that DFWVX experiences smaller price fluctuations and is considered to be less risky than AVNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFWVX	AVNV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	6.09%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	13.33%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	15.38%	-1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	14.99%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.89%	14.99%	+19.90%

DFWVX vs. AVNV - Expense Ratio Comparison

DFWVX has a 0.40% expense ratio, which is higher than AVNV's 0.34% expense ratio.

Dividends

DFWVX vs. AVNV - Dividend Comparison

DFWVX's dividend yield for the trailing twelve months is around 3.41%, less than AVNV's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNV Avantis All International Markets Value ETF	3.89%	3.14%	3.51%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFWVX DFA World ex U.S. Value Portfolio Fund	3.41%	3.66%	4.28%	4.30%	3.75%	15.97%	2.43%	110.54%	5.26%	2.70%	2.92%	2.77%

Frequently Asked Questions

Can I hold both DFWVX and AVNV in my portfolio?

With a correlation of 0.93, DFWVX and AVNV 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, DFWVX or AVNV?

AVNV has higher volatility (6.09%) compared to DFWVX (5.18%). In terms of maximum drawdown, DFWVX dropped -41.32% vs AVNV's -13.89%.

Which has better risk-adjusted returns?

DFWVX currently has the higher Sharpe Ratio (2.93 vs 2.44), 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.