IEFQ.L vs. AVDE
Compare and contrast key facts about iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and Avantis International Equity ETF (AVDE).
IEFQ.L and AVDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEFQ.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Jan 16, 2015. AVDE is a passively managed fund by American Century Investments that tracks the performance of the MSCI World ex-USA IMI Index. It was launched on Sep 24, 2019. Both IEFQ.L and AVDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEFQ.L or AVDE.
Performance
IEFQ.L vs. AVDE - Performance Comparison
Returns By Period
In the year-to-date period, IEFQ.L achieves a -1.09% return, which is significantly lower than AVDE's 6.33% return.
IEFQ.L
-1.09%
-5.15%
-7.05%
3.75%
6.32%
N/A
AVDE
6.33%
-4.34%
-1.59%
13.37%
6.56%
N/A
Key characteristics
| IEFQ.L | AVDE | |
|---|---|---|
| Sharpe Ratio | 0.33 | 1.16 |
| Sortino Ratio | 0.55 | 1.65 |
| Omega Ratio | 1.06 | 1.20 |
| Calmar Ratio | 0.40 | 2.02 |
| Martin Ratio | 1.21 | 6.07 |
| Ulcer Index | 2.80% | 2.47% |
| Daily Std Dev | 10.12% | 12.87% |
| Max Drawdown | -26.38% | -36.99% |
| Current Drawdown | -8.12% | -6.80% |
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IEFQ.L vs. AVDE - Expense Ratio Comparison
IEFQ.L has a 0.25% expense ratio, which is higher than AVDE's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IEFQ.L and AVDE is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEFQ.L vs. AVDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) 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.
Dividends
IEFQ.L vs. AVDE - Dividend Comparison
IEFQ.L has not paid dividends to shareholders, while AVDE's dividend yield for the trailing twelve months is around 3.08%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IEFQ.L iShares Edge MSCIope Quality Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AVDE Avantis International Equity ETF | 3.08% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
Drawdowns
IEFQ.L vs. AVDE - Drawdown Comparison
The maximum IEFQ.L drawdown since its inception was -26.38%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and AVDE. For additional features, visit the drawdowns tool.
Volatility
IEFQ.L vs. AVDE - Volatility Comparison
iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) has a higher volatility of 4.73% compared to Avantis International Equity ETF (AVDE) at 3.90%. This indicates that IEFQ.L's price experiences larger fluctuations and is considered to be riskier than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.