IDEQ vs. AVALX

Last updated Jun 14, 2026

IDEQ (Lazard International Dynamic Equity ETF) and AVALX (Aegis Value Fund) are both funds - IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard, while AVALX is a Small Cap Value Equities fund managed by Aegis. A 0.52 correlation means they provide meaningful diversification when combined. IDEQ charges 0.40%/yr vs 1.50%/yr for AVALX.

Performance

IDEQ vs. AVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Dynamic Equity ETF (IDEQ) and Aegis Value Fund (AVALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IDEQ having a 16.51% return and AVALX slightly higher at 17.29%.

IDEQ

• 1D: 0.28%
• 1M: 3.66%
• YTD: 16.51%
• 6M: 19.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVALX

• 1D: 1.78%
• 1M: -3.21%
• YTD: 17.29%
• 6M: 17.59%
• 1Y: 48.80%
• 3Y*: 32.38%
• 5Y*: 20.79%
• 10Y*: 20.09%

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

IDEQ vs. AVALX - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	16.51%	12.10%
AVALX Aegis Value Fund	17.29%	18.98%

Correlation

The correlation between IDEQ and AVALX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	0.52

Return for Risk

IDEQ vs. AVALX — Risk / Return Rank

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

IDEQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVALX

AVALX Risk / Return Rank: 92
AVALX Sharpe Ratio Rank: 96
AVALX Sortino Ratio Rank: 87
AVALX Omega Ratio Rank: 86
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 96

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.

IDEQ vs. AVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and Aegis Value Fund (AVALX). 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.

	IDEQ	AVALX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.00	—
Sortino ratio: Return per unit of downside risk	—	3.66	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	6.25	—
Martin ratio: Return relative to average drawdown	—	21.12	—

Drawdowns

IDEQ vs. AVALX - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for IDEQ and AVALX.

Drawdown Indicators

	IDEQ	AVALX	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-73.72%	+60.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.34%	—
Current Drawdown Current decline from peak	-1.01%	-4.41%	+3.40%
Average Drawdown Average peak-to-trough decline	-2.11%	-10.94%	+8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.46%	—

Volatility

Volatility by Period

	IDEQ	AVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.28%	17.35%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	22.31%	-3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	22.18%	-2.90%

IDEQ vs. AVALX - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than AVALX's 1.50% expense ratio.

Dividends

IDEQ vs. AVALX - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 0.52%, less than AVALX's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.99%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
IDEQ Lazard International Dynamic Equity ETF	0.52%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDEQ and AVALX in my portfolio?

IDEQ and AVALX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.