ISVL vs. AVDVX

Last updated Jun 4, 2026

ISVL (iShares International Developed Small Cap Value Factor ETF) and AVDVX (Avantis International Small Cap Value Fund) are both funds - ISVL is a Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index, while AVDVX is a Foreign Small & Mid Cap Equities fund managed by Avantis Investors. Over the past 5 years, ISVL returned 10.07%/yr vs 14.15%/yr for AVDVX. Their correlation of 0.95 suggests significant overlap in exposure. ISVL charges 0.30%/yr vs 0.36%/yr for AVDVX.

Performance

ISVL vs. AVDVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Developed Small Cap Value Factor ETF (ISVL) and Avantis International Small Cap Value Fund (AVDVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISVL achieves a 8.45% return, which is significantly lower than AVDVX's 17.18% return.

ISVL

• 1D: -1.11%
• 1M: 2.16%
• YTD: 8.45%
• 6M: 12.58%
• 1Y: 28.37%
• 3Y*: 21.34%
• 5Y*: 10.07%
• 10Y*: —

AVDVX

• 1D: 0.21%
• 1M: 3.96%
• YTD: 17.18%
• 6M: 20.98%
• 1Y: 45.11%
• 3Y*: 28.14%
• 5Y*: 14.15%
• 10Y*: —

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

ISVL vs. AVDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISVL iShares International Developed Small Cap Value Factor ETF	8.45%	42.84%	4.58%	17.56%	-13.69%	7.69%
AVDVX Avantis International Small Cap Value Fund	17.18%	48.24%	8.41%	16.75%	-10.88%	7.15%

Correlation

The correlation between ISVL and AVDVX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.95

The correlation between ISVL and AVDVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

ISVL vs. AVDVX — Risk / Return Rank

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

ISVL

ISVL Risk / Return Rank: 54
ISVL Sharpe Ratio Rank: 57
ISVL Sortino Ratio Rank: 57
ISVL Omega Ratio Rank: 58
ISVL Calmar Ratio Rank: 46
ISVL Martin Ratio Rank: 52

AVDVX

AVDVX Risk / Return Rank: 80
AVDVX Sharpe Ratio Rank: 89
AVDVX Sortino Ratio Rank: 82
AVDVX Omega Ratio Rank: 80
AVDVX Calmar Ratio Rank: 76
AVDVX Martin Ratio Rank: 71

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.

ISVL vs. AVDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Small Cap Value Factor ETF (ISVL) and Avantis International Small Cap Value Fund (AVDVX). 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.

	ISVL	AVDVX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.92	-0.95
Sortino ratio: Return per unit of downside risk	2.78	3.88	-1.10
Omega ratio: Gain probability vs. loss probability	1.36	1.52	-0.16
Calmar ratio: Return relative to maximum drawdown	2.28	3.44	-1.15
Martin ratio: Return relative to average drawdown	8.95	13.67	-4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISVL vs. AVDVX - Sharpe Ratio Comparison

The current ISVL Sharpe Ratio is 1.98, which is lower than the AVDVX Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of ISVL and AVDVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISVL	AVDVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.92	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.85	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.79	-0.10

Drawdowns

ISVL vs. AVDVX - Drawdown Comparison

The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum AVDVX drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for ISVL and AVDVX.

Drawdown Indicators

	ISVL	AVDVX	Difference
Max Drawdown Largest peak-to-trough decline	-30.48%	-43.06%	+12.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-12.92%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-13.84%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-27.37%	-3.11%
Current Drawdown Current decline from peak	-2.16%	-0.78%	-1.38%
Average Drawdown Average peak-to-trough decline	-6.66%	-6.72%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.24%	-0.06%

Volatility

ISVL vs. AVDVX - Volatility Comparison

iShares International Developed Small Cap Value Factor ETF (ISVL) and Avantis International Small Cap Value Fund (AVDVX) have volatilities of 4.54% and 4.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISVL	AVDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.50%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	12.47%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	15.27%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	16.73%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	19.41%	-2.63%

ISVL vs. AVDVX - Expense Ratio Comparison

ISVL has a 0.30% expense ratio, which is lower than AVDVX's 0.36% expense ratio.

Dividends

ISVL vs. AVDVX - Dividend Comparison

ISVL's dividend yield for the trailing twelve months is around 2.48%, less than AVDVX's 8.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDVX Avantis International Small Cap Value Fund	8.94%	10.48%	4.35%	3.52%	3.33%	4.23%	1.35%	0.39%
ISVL iShares International Developed Small Cap Value Factor ETF	2.48%	2.69%	3.92%	3.82%	3.37%	2.82%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISVL and AVDVX in my portfolio?

With a correlation of 0.90, ISVL and AVDVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ISVL or AVDVX?

ISVL has higher volatility (4.54%) compared to AVDVX (4.50%). In terms of maximum drawdown, ISVL dropped -30.48% vs AVDVX's -43.06%.

Which has better risk-adjusted returns?

AVDVX currently has the higher Sharpe Ratio (2.92 vs 1.98), 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.