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EZU vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZU vs. AVDV

Last updated Jun 14, 2026

EZU (iShares MSCI Eurozone ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - EZU is a Europe Equities fund tracking the MSCI EMU, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. EZU is passively managed, while AVDV is actively managed. Over the past 5 years, EZU returned 9.24%/yr vs 13.63%/yr for AVDV. Their correlation of 0.85 suggests significant overlap in exposure. EZU charges 0.51%/yr vs 0.36%/yr for AVDV.

Performance

EZU vs. AVDV - Performance Comparison

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

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Returns By Period

In the year-to-date period, EZU achieves a 9.10% return, which is significantly lower than AVDV's 14.99% return.

EZU

1D
0.00%
1M
6.05%
YTD
9.10%
6M
10.35%
1Y
22.18%
3Y*
18.40%
5Y*
9.24%
10Y*
10.85%

AVDV

1D
0.89%
1M
0.12%
YTD
14.99%
6M
17.18%
1Y
41.91%
3Y*
26.72%
5Y*
13.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZU vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EZU
iShares MSCI Eurozone ETF		9.10%40.00%2.23%23.44%-17.25%13.92%7.62%9.07%
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%

Correlation

The correlation between EZU and AVDV is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.85

The correlation between EZU and AVDV has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

EZU vs. AVDV - Sectors Allocation Comparison

Sectors
EZU
AVDV

Financial Services

23.6%
13.6%

Industrials

20.5%
22.8%

Technology

16.5%
6.6%

Consumer Cyclical

7.8%
15.4%

Utilities

6.4%
1.7%

Healthcare

5.8%
2.3%

Consumer Defensive

5.5%
3.4%

Communication Services

5.0%
2.4%

Energy

4.0%
9.6%

Basic Materials

4.0%
21.0%

Real Estate

0.7%
1.3%

Financial Services

EZU
23.6%
AVDV
13.6%

Industrials

EZU
20.5%
AVDV
22.8%

Technology

EZU
16.5%
AVDV
6.6%

Consumer Cyclical

EZU
7.8%
AVDV
15.4%

Utilities

EZU
6.4%
AVDV
1.7%

Healthcare

EZU
5.8%
AVDV
2.3%

Consumer Defensive

EZU
5.5%
AVDV
3.4%

Communication Services

EZU
5.0%
AVDV
2.4%

Energy

EZU
4.0%
AVDV
9.6%

Basic Materials

EZU
4.0%
AVDV
21.0%

Real Estate

EZU
0.7%
AVDV
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Eurozone ETF

Avantis International Small Cap Value ETF

Often compared with EZU:
EZU vs. VGKEZU vs. FEZEZU vs. IEUREZU vs. IEVEZU vs. HEZUEZU vs. SPYEZU vs. IEZ
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

EZU vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZU
EZU Risk / Return Rank: 3737
Overall Rank
EZU Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
EZU Sortino Ratio Rank: 3636
Sortino Ratio Rank
EZU Omega Ratio Rank: 3535
Omega Ratio Rank
EZU Calmar Ratio Rank: 3535
Calmar Ratio Rank
EZU Martin Ratio Rank: 4040
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
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.

EZU vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) 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.

EZUAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.15
2.53

-1.38

Sortino ratioReturn per unit of downside risk
1.71
3.36

-1.65

Omega ratioGain probability vs. loss probability

1.21

1.46

-0.25

Calmar ratioReturn relative to maximum drawdown

1.55

3.12

-1.57

Martin ratioReturn relative to average drawdown

5.60

12.44

-6.84

EZU vs. AVDV - Sharpe Ratio Comparison

The current EZU Sharpe Ratio is 1.15, which is lower than the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of EZU 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.

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Drawdowns

EZU vs. AVDV - Drawdown Comparison

The maximum EZU drawdown since its inception was -65.32%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for EZU and AVDV.

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Drawdown Indicators

EZUAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-65.32%

-43.01%

-22.31%

Max Drawdown (1Y)

Largest decline over 1 year

-13.06%

-13.19%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-14.17%

-0.85%

Max Drawdown (5Y)

Largest decline over 5 years

-36.11%

-28.08%

-8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-41.37%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.24%

+2.24%

Average Drawdown

Average peak-to-trough decline

-19.21%

-6.76%

-12.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.61%

3.30%

+0.31%

Volatility

EZU vs. AVDV - Volatility Comparison

iShares MSCI Eurozone ETF (EZU) and Avantis International Small Cap Value ETF (AVDV) have volatilities of 6.52% and 6.26%, 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.

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Volatility by Period

EZUAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.52%

6.26%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

14.88%

13.88%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

17.57%

16.25%

+1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.96%

17.41%

+2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.50%

19.77%

+0.73%

EZU vs. AVDV - Expense Ratio Comparison

EZU has a 0.51% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

EZU vs. AVDV - Dividend Comparison

EZU's dividend yield for the trailing twelve months is around 2.61%, less than AVDV's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
EZU
iShares MSCI Eurozone ETF		2.61%2.85%2.90%2.56%2.79%2.46%2.13%2.84%3.47%1.91%3.07%2.18%

Frequently Asked Questions

EZU and AVDV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EZU has higher volatility (6.52%) compared to AVDV (6.26%). In terms of maximum drawdown, EZU dropped -65.32% vs AVDV's -43.01%.

On 5-year performance, AVDV leads with 13.63% vs 9.24% for EZU. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVDV has performed better with a 13.63% return vs 9.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.51% for EZU.

AVDV has the higher dividend yield at 4.11%, compared with 2.61% for EZU.

EZU is categorized as Europe Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.51% for EZU and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 vs 1.15), 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.

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