IEAA.L vs. AVDV
IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IEAA.L is passively managed, while AVDV is actively managed. Over the past 5 years, IEAA.L returned 0.06%/yr vs 14.67%/yr for AVDV. At a 0.27 correlation, their price movements are largely independent. IEAA.L charges 0.20%/yr vs 0.36%/yr for AVDV.
Performance
IEAA.L vs. AVDV - Performance Comparison
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Different Trading Currencies
IEAA.L is traded in EUR, while AVDV is traded in USD. To make them comparable, the AVDV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAA.L achieves a 0.75% return, which is significantly lower than AVDV's 16.76% return.
IEAA.L
- 1D
- 0.37%
- 1M
- 0.93%
- YTD
- 0.75%
- 6M
- 1.12%
- 1Y
- 2.08%
- 3Y*
- 4.66%
- 5Y*
- 0.06%
- 10Y*
- —
AVDV
- 1D
- 0.97%
- 1M
- -0.70%
- YTD
- 16.76%
- 6M
- 18.92%
- 1Y
- 41.17%
- 3Y*
- 23.81%
- 5Y*
- 14.67%
- 10Y*
- —
IEAA.L vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.75% | 3.08% | 4.42% | 7.48% | -13.40% | -1.11% | 2.70% | -0.34% |
AVDV Avantis International Small Cap Value ETF | 16.76% | 31.65% | 15.84% | 13.35% | -5.98% | 24.46% | -3.65% | 8.84% |
Correlation
The correlation between IEAA.L and AVDV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.27 |
The correlation between IEAA.L and AVDV shifts across timeframes, from 0.26 (5 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEAA.L vs. AVDV — Risk / Return Rank
IEAA.L
AVDV
IEAA.L vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) 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.
| IEAA.L | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.54 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.63 | -2.83 |
| Martin ratioReturn relative to average drawdown | 2.83 | 15.89 | -13.06 |
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Drawdowns
IEAA.L vs. AVDV - Drawdown Comparison
The maximum IEAA.L drawdown since its inception was -17.29%, smaller than the maximum AVDV drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for IEAA.L and AVDV.
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Drawdown Indicators
| IEAA.L | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -41.37% | +24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -11.41% | +8.83% |
Max Drawdown (3Y)Largest decline over 3 years | -2.58% | -14.76% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -15.18% | -2.11% |
Current DrawdownCurrent decline from peak | -0.83% | -1.72% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -4.79% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.60% | -1.87% |
Volatility
IEAA.L vs. AVDV - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) is 1.32%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.27%. This indicates that IEAA.L experiences smaller price fluctuations and is considered to be less risky 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
| IEAA.L | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 5.27% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 11.94% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 14.05% | -10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 14.81% | -10.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 17.90% | -13.17% |
IEAA.L vs. AVDV - Expense Ratio Comparison
IEAA.L has a 0.20% expense ratio, which is lower than AVDV's 0.36% expense ratio.
Dividends
IEAA.L vs. AVDV - Dividend Comparison
IEAA.L 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% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEAA.L and AVDV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAA.L is cheaper with a 0.20% expense ratio, compared with 0.36% for AVDV.
IEAA.L is categorized as European Corporate Bonds, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.20% for IEAA.L and 0.36% for AVDV.
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