FEZ vs. AVDV

Last updated Jun 9, 2026

FEZ (SPDR EURO STOXX 50 ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. FEZ is passively managed, while AVDV is actively managed. Over the past 5 years, FEZ returned 9.78%/yr vs 13.33%/yr for AVDV. Their correlation of 0.84 suggests significant overlap in exposure. FEZ charges 0.29%/yr vs 0.36%/yr for AVDV.

Performance

FEZ vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR EURO STOXX 50 ETF (FEZ) 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, FEZ achieves a 4.68% return, which is significantly lower than AVDV's 13.22% return.

FEZ

• 1D: 0.63%
• 1M: 0.33%
• YTD: 4.68%
• 6M: 6.49%
• 1Y: 15.20%
• 3Y*: 17.76%
• 5Y*: 9.78%
• 10Y*: 10.66%

AVDV

• 1D: 0.26%
• 1M: -2.93%
• YTD: 13.22%
• 6M: 16.29%
• 1Y: 40.16%
• 3Y*: 26.61%
• 5Y*: 13.33%
• 10Y*: —

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

FEZ vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FEZ SPDR EURO STOXX 50 ETF	4.68%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	8.85%
AVDV Avantis International Small Cap Value ETF	13.22%	49.37%	8.67%	16.85%	-11.47%	15.80%	5.01%	12.05%

Correlation

The correlation between FEZ and AVDV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.84

The correlation between FEZ and AVDV has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

FEZ vs. AVDV - Sectors Allocation Comparison

Sectors	FEZ	AVDV
Financial Services	25.1%	13.7%
Industrials	22.1%	21.3%
Technology	16.1%	6.4%
Consumer Cyclical	9.8%	14.4%
Consumer Defensive	5.5%	3.4%
Healthcare	5.4%	2.1%
Energy	5.2%	10.8%
Utilities	4.8%	1.7%
Basic Materials	3.7%	22.5%
Communication Services	2.3%	2.0%
Real Estate	-	1.1%

Return for Risk

FEZ vs. AVDV — Risk / Return Rank

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

FEZ

FEZ Risk / Return Rank: 26
FEZ Sharpe Ratio Rank: 26
FEZ Sortino Ratio Rank: 25
FEZ Omega Ratio Rank: 25
FEZ Calmar Ratio Rank: 26
FEZ Martin Ratio Rank: 29

AVDV

AVDV Risk / Return Rank: 79
AVDV Sharpe Ratio Rank: 86
AVDV Sortino Ratio Rank: 83
AVDV Omega Ratio Rank: 84
AVDV Calmar Ratio Rank: 67
AVDV Martin Ratio Rank: 73

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.

FEZ vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) 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.

	FEZ	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.54	-1.69
Sortino ratio: Return per unit of downside risk	1.29	3.35	-2.06
Omega ratio: Gain probability vs. loss probability	1.16	1.46	-0.30
Calmar ratio: Return relative to maximum drawdown	1.12	3.06	-1.94
Martin ratio: Return relative to average drawdown	3.81	12.34	-8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEZ vs. AVDV - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.84, which is lower than the AVDV Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FEZ 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.

Sharpe Ratios by Period

	FEZ	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.54	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.77	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.78	-0.48

Drawdowns

FEZ vs. AVDV - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for FEZ and AVDV.

Drawdown Indicators

	FEZ	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-43.01%	-21.20%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-13.19%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	-14.17%	-1.68%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-28.08%	-6.97%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	—	—
Current Drawdown Current decline from peak	-2.79%	-3.74%	+0.95%
Average Drawdown Average peak-to-trough decline	-17.07%	-6.77%	-10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.26%	+0.74%

Volatility

FEZ vs. AVDV - Volatility Comparison

SPDR EURO STOXX 50 ETF (FEZ) and Avantis International Small Cap Value ETF (AVDV) have volatilities of 5.64% and 5.49%, 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

	FEZ	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	5.49%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	13.49%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	15.92%	+2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	17.35%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	19.75%	+1.37%

FEZ vs. AVDV - Expense Ratio Comparison

FEZ has a 0.29% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

FEZ vs. AVDV - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.58%, less than AVDV's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDV Avantis International Small Cap Value ETF	2.81%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%	0.00%
FEZ SPDR EURO STOXX 50 ETF	2.58%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%

Frequently Asked Questions

Can I hold both FEZ and AVDV in my portfolio?

FEZ and AVDV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEZ or AVDV?

FEZ has higher volatility (5.64%) compared to AVDV (5.49%). In terms of maximum drawdown, FEZ dropped -64.21% vs AVDV's -43.01%.

Which ETF is better, FEZ or AVDV?

On 5-year performance, AVDV leads with 13.33% vs 9.78% for FEZ. On fees, FEZ is cheaper at 0.29% per year. On volatility, AVDV has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEZ or AVDV?

Over the 5-year period, AVDV has performed better with a 13.33% return vs 9.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEZ or AVDV?

FEZ is cheaper with a 0.29% expense ratio, compared with 0.36% for AVDV.

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

AVDV has the higher dividend yield at 2.81%, compared with 2.58% for FEZ.

What is the main difference between FEZ and AVDV?

FEZ is categorized as Europe Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.29% for FEZ and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.54 vs 0.84), 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.