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IJR vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. AVDV

Last updated Jun 14, 2026

IJR (iShares Core S&P Small-Cap ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IJR is passively managed, while AVDV is actively managed. Over the past 5 years, IJR returned 6.25%/yr vs 13.63%/yr for AVDV. A 0.71 correlation means they provide meaningful diversification when combined. IJR charges 0.06%/yr vs 0.36%/yr for AVDV.

Performance

IJR vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJR achieves a 19.73% return, which is significantly higher than AVDV's 14.99% return.

IJR

1D
0.97%
1M
5.53%
YTD
19.73%
6M
16.47%
1Y
37.01%
3Y*
14.75%
5Y*
6.25%
10Y*
11.16%

AVDV

1D
0.89%
1M
-1.99%
YTD
14.99%
6M
17.18%
1Y
41.91%
3Y*
26.72%
5Y*
13.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IJR
iShares Core S&P Small-Cap ETF		19.73%5.89%8.63%16.06%-16.20%26.58%11.28%6.56%
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%

Correlation

The correlation between IJR and AVDV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.71

The correlation between IJR and AVDV has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

IJR vs. AVDV - Sectors Allocation Comparison

Sectors
IJR
AVDV

Financial Services

16.0%
13.6%

Industrials

16.0%
22.8%

Technology

15.9%
6.6%

Consumer Cyclical

12.5%
15.4%

Healthcare

11.0%
2.3%

Real Estate

7.5%
1.3%

Energy

6.8%
9.6%

Basic Materials

4.7%
21.0%

Communication Services

3.2%
2.4%

Consumer Defensive

3.2%
3.4%

Utilities

1.9%
1.7%

Financial Services

IJR
16.0%
AVDV
13.6%

Industrials

IJR
16.0%
AVDV
22.8%

Technology

IJR
15.9%
AVDV
6.6%

Consumer Cyclical

IJR
12.5%
AVDV
15.4%

Healthcare

IJR
11.0%
AVDV
2.3%

Real Estate

IJR
7.5%
AVDV
1.3%

Energy

IJR
6.8%
AVDV
9.6%

Basic Materials

IJR
4.7%
AVDV
21.0%

Communication Services

IJR
3.2%
AVDV
2.4%

Consumer Defensive

IJR
3.2%
AVDV
3.4%

Utilities

IJR
1.9%
AVDV
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Small-Cap ETF

Avantis International Small Cap Value ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

IJR vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 7474
Overall Rank
IJR Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7272
Sortino Ratio Rank
IJR Omega Ratio Rank: 6464
Omega Ratio Rank
IJR Calmar Ratio Rank: 8484
Calmar Ratio Rank
IJR Martin Ratio Rank: 7979
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
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.

IJR vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) 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.

IJRAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.94
2.53

-0.59

Sortino ratioReturn per unit of downside risk
2.80
3.36

-0.56

Omega ratioGain probability vs. loss probability

1.33

1.46

-0.12

Calmar ratioReturn relative to maximum drawdown

3.97

3.12

+0.86

Martin ratioReturn relative to average drawdown

13.35

12.44

+0.91

IJR vs. AVDV - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 1.94, which is comparable to the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IJR and AVDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJR vs. AVDV - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for IJR and AVDV.

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Drawdown Indicators

IJRAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-43.01%

-15.14%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-13.19%

+4.51%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-14.17%

-13.85%

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

-28.08%

+0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.24%

+2.24%

Average Drawdown

Average peak-to-trough decline

-9.27%

-6.76%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

3.30%

-0.71%

Volatility

IJR vs. AVDV - Volatility Comparison

The current volatility for iShares Core S&P Small-Cap ETF (IJR) is 5.18%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.26%. This indicates that IJR 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

IJRAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.18%

6.26%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

13.88%

-1.91%

Volatility (1Y)

Calculated over the trailing 1-year period

17.76%

16.25%

+1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.43%

17.41%

+4.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.92%

19.77%

+3.15%

IJR vs. AVDV - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

IJR vs. AVDV - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.11%, less than AVDV's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
IJR
iShares Core S&P Small-Cap ETF		1.11%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%

Frequently Asked Questions

IJR and AVDV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVDV has higher volatility (6.26%) compared to IJR (5.18%). In terms of maximum drawdown, IJR dropped -58.15% vs AVDV's -43.01%.

On 5-year performance, AVDV leads with 13.63% vs 6.25% for IJR. On fees, IJR is cheaper at 0.06% per year. On volatility, IJR has been the lower-risk option at 5.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVDV has performed better with a 13.63% return vs 6.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.36% for AVDV.

AVDV has the higher dividend yield at 4.11%, compared with 1.11% for IJR.

IJR is categorized as Small Cap Blend Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.06% for IJR and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 vs 1.94), 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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