IBTH vs. AVDE
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. IBTH is passively managed, while AVDE is actively managed. Over the past 5 years, IBTH returned 0.42%/yr vs 9.98%/yr for AVDE. At a 0.05 correlation, their price movements are largely independent. IBTH charges 0.07%/yr vs 0.23%/yr for AVDE.
Performance
IBTH vs. AVDE - Performance Comparison
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Returns By Period
In the year-to-date period, IBTH achieves a 1.03% return, which is significantly lower than AVDE's 10.87% return.
IBTH
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.03%
- 6M
- 1.29%
- 1Y
- 3.81%
- 3Y*
- 4.16%
- 5Y*
- 0.42%
- 10Y*
- —
AVDE
- 1D
- 0.59%
- 1M
- 1.98%
- YTD
- 10.87%
- 6M
- 12.42%
- 1Y
- 27.50%
- 3Y*
- 19.56%
- 5Y*
- 9.98%
- 10Y*
- —
IBTH vs. AVDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 1.03% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
AVDE Avantis International Equity ETF | 10.87% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 20.53% |
Correlation
The correlation between IBTH and AVDE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.05 |
Over the past year, IBTH and AVDE have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IBTH vs. AVDE — Risk / Return Rank
IBTH
AVDE
IBTH vs. AVDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and Avantis International Equity ETF (AVDE). 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.
| IBTH | AVDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.32 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 10.03 | 2.30 | +7.73 |
| Martin ratioReturn relative to average drawdown | 41.28 | 9.00 | +32.29 |
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Drawdowns
IBTH vs. AVDE - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for IBTH and AVDE.
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Drawdown Indicators
| IBTH | AVDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -36.99% | +20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -11.48% | +11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.09% | -13.46% | +11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -28.73% | +14.32% |
Current DrawdownCurrent decline from peak | -1.25% | -1.09% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -6.15% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.94% | -2.85% |
Volatility
IBTH vs. AVDE - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.20%, while Avantis International Equity ETF (AVDE) has a volatility of 5.57%. This indicates that IBTH experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTH | AVDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 5.57% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 12.80% | -12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 15.06% | -14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 16.39% | -12.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 18.93% | -14.73% |
IBTH vs. AVDE - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTH vs. AVDE - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.82%, which matches AVDE's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 3.84% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.82% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% |
Frequently Asked Questions
IBTH and AVDE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDE has higher volatility (5.57%) compared to IBTH (0.20%). In terms of maximum drawdown, IBTH dropped -16.16% vs AVDE's -36.99%.
On 5-year performance, AVDE leads with 9.98% vs 0.42% for IBTH. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDE has performed better with a 9.98% return vs 0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.23% for AVDE.
AVDE has the higher dividend yield at 3.84%, compared with 3.82% for IBTH.
IBTH is categorized as Government Bonds, while AVDE is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.07% for IBTH and 0.23% for AVDE.
IBTH currently has the higher Sharpe Ratio (3.74 vs 1.76), 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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