IBIT vs. AVDV
IBIT (iShares Bitcoin Trust ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IBIT is passively managed, while AVDV is actively managed. Over the past year, IBIT returned -39.67% vs 41.91% for AVDV. At a 0.31 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.36%/yr for AVDV.
Performance
IBIT vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than AVDV's 14.99% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 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*
- —
IBIT vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
AVDV Avantis International Small Cap Value ETF | 14.99% | 49.37% | 10.02% |
Correlation
The correlation between IBIT and AVDV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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Return for Risk
IBIT vs. AVDV — Risk / Return Rank
IBIT
AVDV
IBIT vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.66 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.46 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.12 | -3.90 |
| Martin ratioReturn relative to average drawdown | -1.37 | 12.44 | -13.82 |
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Drawdowns
IBIT vs. AVDV - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for IBIT and AVDV.
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Drawdown Indicators
| IBIT | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -43.01% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -13.19% | -38.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.08% | — |
Current DrawdownCurrent decline from peak | -49.45% | -2.24% | -47.21% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -6.76% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 3.30% | +26.34% |
Volatility
IBIT vs. AVDV - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Avantis International Small Cap Value ETF (AVDV) at 6.26%. This indicates that IBIT'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
| IBIT | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 6.26% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 13.88% | +20.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 16.25% | +27.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 17.41% | +32.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 19.77% | +30.49% |
IBIT vs. AVDV - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than AVDV's 0.36% expense ratio.
Dividends
IBIT vs. AVDV - Dividend Comparison
IBIT has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 4.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 4.11% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and AVDV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to AVDV (6.26%). In terms of maximum drawdown, IBIT dropped -52.11% vs AVDV's -43.01%.
On 1-year performance, AVDV leads with 41.91% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% 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 1-year period, AVDV has performed better with a 41.91% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.36% for AVDV.
AVDV has the higher dividend yield at 4.11%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for IBIT and 0.36% for AVDV.
AVDV currently has the higher Sharpe Ratio (2.53 vs -0.92), 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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