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IMTM vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMTM vs. AVDV

Last updated Jun 13, 2026

IMTM (iShares MSCI Intl Momentum Factor ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IMTM is passively managed, while AVDV is actively managed. Over the past 5 years, IMTM returned 9.19%/yr vs 13.63%/yr for AVDV. Their correlation of 0.85 suggests significant overlap in exposure. IMTM charges 0.30%/yr vs 0.36%/yr for AVDV.

Performance

IMTM vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) 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, IMTM achieves a 11.53% return, which is significantly lower than AVDV's 14.99% return.

IMTM

1D
0.72%
1M
0.94%
YTD
11.53%
6M
12.83%
1Y
25.06%
3Y*
21.00%
5Y*
9.19%
10Y*
10.44%

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)

IMTM vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IMTM
iShares MSCI Intl Momentum Factor ETF		11.53%34.50%12.17%13.89%-16.81%3.50%22.17%7.13%
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 IMTM and AVDV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

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

0.85

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

0.89

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

0.85

The correlation between IMTM and AVDV has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

IMTM vs. AVDV - Sectors Allocation Comparison

Sectors
IMTM
AVDV

Financial Services

29.6%
13.7%

Industrials

17.5%
21.3%

Technology

11.4%
6.4%

Energy

9.4%
10.8%

Basic Materials

9.3%
22.5%

Healthcare

9.0%
2.1%

Utilities

6.4%
1.7%

Consumer Defensive

2.4%
3.4%

Communication Services

1.9%
2.0%

Consumer Cyclical

1.8%
14.4%

Real Estate

1.2%
1.1%

Financial Services

IMTM
29.6%
AVDV
13.7%

Industrials

IMTM
17.5%
AVDV
21.3%

Technology

IMTM
11.4%
AVDV
6.4%

Energy

IMTM
9.4%
AVDV
10.8%

Basic Materials

IMTM
9.3%
AVDV
22.5%

Healthcare

IMTM
9.0%
AVDV
2.1%

Utilities

IMTM
6.4%
AVDV
1.7%

Consumer Defensive

IMTM
2.4%
AVDV
3.4%

Communication Services

IMTM
1.9%
AVDV
2.0%

Consumer Cyclical

IMTM
1.8%
AVDV
14.4%

Real Estate

IMTM
1.2%
AVDV
1.1%

Compare stocks, funds, or ETFs

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

iShares MSCI Intl Momentum Factor ETF

Avantis International Small Cap Value ETF

Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IWFM.LIMTM vs. VXUSIMTM vs. IDMOIMTM vs. IWMO.MIIMTM vs. VT
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

IMTM vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMTM
IMTM Risk / Return Rank: 4444
Overall Rank
IMTM Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4343
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4343
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4242
Calmar Ratio Rank
IMTM Martin Ratio Rank: 4949
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.

IMTM vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) 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.

IMTMAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.33
2.53

-1.20

Sortino ratioReturn per unit of downside risk
1.96
3.36

-1.40

Omega ratioGain probability vs. loss probability

1.25

1.46

-0.21

Calmar ratioReturn relative to maximum drawdown

1.86

3.12

-1.26

Martin ratioReturn relative to average drawdown

7.37

12.44

-5.08

IMTM vs. AVDV - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.33, which is lower than the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IMTM 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

IMTM vs. AVDV - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for IMTM and AVDV.

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Drawdown Indicators

IMTMAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-43.01%

+10.35%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-13.19%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-14.17%

+1.32%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-28.08%

-4.58%

Max Drawdown (10Y)

Largest decline over 10 years

-32.66%

—

—

Current Drawdown

Current decline from peak

-0.22%

-2.24%

+2.02%

Average Drawdown

Average peak-to-trough decline

-7.43%

-6.76%

-0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

3.30%

-0.06%

Volatility

IMTM vs. AVDV - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 7.20% compared to Avantis International Small Cap Value ETF (AVDV) at 6.26%. This indicates that IMTM's price experiences larger fluctuations and is considered to be riskier 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

IMTMAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.20%

6.26%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

16.06%

13.88%

+2.18%

Volatility (1Y)

Calculated over the trailing 1-year period

17.97%

16.25%

+1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.82%

17.41%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.63%

19.77%

-2.14%

IMTM vs. AVDV - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

IMTM vs. AVDV - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.22%, more 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%
IMTM
iShares MSCI Intl Momentum Factor ETF		4.22%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%

Frequently Asked Questions

IMTM and AVDV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMTM has higher volatility (7.20%) compared to AVDV (6.26%). In terms of maximum drawdown, IMTM dropped -32.66% vs AVDV's -43.01%.

On 5-year performance, AVDV leads with 13.63% vs 9.19% for IMTM. On fees, IMTM is cheaper at 0.30% per year. On volatility, AVDV has been the lower-risk option at 6.26%. 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 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMTM is cheaper with a 0.30% expense ratio, compared with 0.36% for AVDV.

IMTM has the higher dividend yield at 4.22%, compared with 4.11% for AVDV.

IMTM is categorized as Momentum, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.30% for IMTM and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 vs 1.33), 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.

Portfolio Optimizer

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