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IAUM vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAUM vs. AVDV

Last updated Jun 13, 2026

IAUM (iShares Gold Trust Micro) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IAUM is passively managed, while AVDV is actively managed. Over the past 3 years, IAUM returned 29.28%/yr vs 26.72%/yr for AVDV. At a 0.39 correlation, their price movements are largely independent. IAUM charges 0.09%/yr vs 0.36%/yr for AVDV.

Performance

IAUM vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust Micro (IAUM) 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, IAUM achieves a -2.40% return, which is significantly lower than AVDV's 14.99% return.

IAUM

1D
0.10%
1M
-9.51%
YTD
-2.40%
6M
-2.08%
1Y
22.55%
3Y*
29.28%
5Y*
—
10Y*
—

AVDV

1D
0.89%
1M
-1.99%
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)

IAUM vs. AVDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IAUM
iShares Gold Trust Micro		-2.40%64.27%27.04%13.12%-0.49%3.87%
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%0.92%

Correlation

The correlation between IAUM and AVDV is 0.50, 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

0.50

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

0.45

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2021

0.39

The correlation between IAUM and AVDV shifts across timeframes, from 0.39 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

IAUM vs. AVDV - Sectors Allocation Comparison

Sectors
IAUM
AVDV

Real Estate

100.0%
1.1%

Basic Materials

-

22.5%

Communication Services

-

2.0%

Consumer Cyclical

-

14.4%

Consumer Defensive

-

3.4%

Energy

-

10.8%

Financial Services

-

13.7%

Healthcare

-

2.1%

Industrials

-

21.3%

Technology

-

6.4%

Utilities

-

1.7%

Real Estate

IAUM
100.0%
AVDV
1.1%

Basic Materials

IAUM

-

AVDV
22.5%

Communication Services

IAUM

-

AVDV
2.0%

Consumer Cyclical

IAUM

-

AVDV
14.4%

Consumer Defensive

IAUM

-

AVDV
3.4%

Energy

IAUM

-

AVDV
10.8%

Financial Services

IAUM

-

AVDV
13.7%

Healthcare

IAUM

-

AVDV
2.1%

Industrials

IAUM

-

AVDV
21.3%

Technology

IAUM

-

AVDV
6.4%

Utilities

IAUM

-

AVDV
1.7%

Compare stocks, funds, or ETFs

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

iShares Gold Trust Micro

Avantis International Small Cap Value ETF

Often compared with IAUM:
IAUM vs. IAUIAUM vs. GLDMIAUM vs. GLDIAUM vs. FSAGXIAUM vs. SGOLIAUM vs. PHYSIAUM vs. SIVR
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

IAUM vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAUM
IAUM Risk / Return Rank: 2727
Overall Rank
IAUM Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IAUM Sortino Ratio Rank: 2525
Sortino Ratio Rank
IAUM Omega Ratio Rank: 3131
Omega Ratio Rank
IAUM Calmar Ratio Rank: 2424
Calmar Ratio Rank
IAUM Martin Ratio Rank: 2525
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.

IAUM vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.

IAUMAVDVDifference
Sharpe ratioReturn per unit of total volatility
0.90
2.53

-1.63

Sortino ratioReturn per unit of downside risk
1.26
3.36

-2.10

Omega ratioGain probability vs. loss probability

1.19

1.46

-0.27

Calmar ratioReturn relative to maximum drawdown

1.00

3.12

-2.12

Martin ratioReturn relative to average drawdown

2.87

12.44

-9.58

IAUM vs. AVDV - Sharpe Ratio Comparison

The current IAUM Sharpe Ratio is 0.90, which is lower than the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IAUM 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

IAUM vs. AVDV - Drawdown Comparison

The maximum IAUM drawdown since its inception was -24.37%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for IAUM and AVDV.

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Drawdown Indicators

IAUMAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-24.37%

-43.01%

+18.64%

Max Drawdown (1Y)

Largest decline over 1 year

-24.37%

-13.19%

-11.18%

Max Drawdown (3Y)

Largest decline over 3 years

-24.37%

-14.17%

-10.20%

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.08%

—

Current Drawdown

Current decline from peak

-21.99%

-2.24%

-19.75%

Average Drawdown

Average peak-to-trough decline

-5.38%

-6.76%

+1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.46%

3.30%

+5.16%

Volatility

IAUM vs. AVDV - Volatility Comparison

iShares Gold Trust Micro (IAUM) has a higher volatility of 7.71% compared to Avantis International Small Cap Value ETF (AVDV) at 6.26%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAUMAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.71%

6.26%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

23.82%

13.88%

+9.94%

Volatility (1Y)

Calculated over the trailing 1-year period

27.06%

16.25%

+10.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.05%

17.41%

+0.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

19.77%

-1.72%

IAUM vs. AVDV - Expense Ratio Comparison

IAUM has a 0.09% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

IAUM vs. AVDV - Dividend Comparison

IAUM has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 4.11%.

PositionTTM2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%
IAUM
iShares Gold Trust Micro		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAUM and AVDV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAUM has higher volatility (7.71%) compared to AVDV (6.26%). In terms of maximum drawdown, IAUM dropped -24.37% vs AVDV's -43.01%.

On 3-year performance, IAUM leads with 29.28% vs 26.72% for AVDV. On fees, IAUM is cheaper at 0.09% 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 3-year period, IAUM has performed better with a 29.28% return vs 26.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IAUM is cheaper with a 0.09% expense ratio, compared with 0.36% for AVDV.

AVDV has the higher dividend yield at 4.11%, compared with 0.00% for IAUM.

IAUM is categorized as Gold, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.09% for IAUM and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 vs 0.90), 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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