JIRE vs. AVDV

Last updated Jun 23, 2026

JIRE (JPMorgan International Research Enhanced Equity ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - JIRE is a Foreign Large Cap Equities fund actively managed by JPMorgan, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, JIRE returned 17.27%/yr vs 28.44%/yr for AVDV. Their correlation of 0.89 suggests significant overlap in exposure. JIRE charges 0.24%/yr vs 0.36%/yr for AVDV.

Performance

JIRE vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Research Enhanced Equity ETF (JIRE) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIRE achieves a 10.55% return, which is significantly lower than AVDV's 15.88% return.

JIRE

• 1D: 0.10%
• 1M: 2.55%
• YTD: 10.55%
• 6M: 10.91%
• 1Y: 24.80%
• 3Y*: 17.27%
• 5Y*: —
• 10Y*: —

AVDV

• 1D: 0.58%
• 1M: 0.45%
• YTD: 15.88%
• 6M: 16.04%
• 1Y: 44.77%
• 3Y*: 28.44%
• 5Y*: 14.52%
• 10Y*: —

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

JIRE vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JIRE JPMorgan International Research Enhanced Equity ETF	10.55%	31.83%	3.15%	20.00%	5.09%
AVDV Avantis International Small Cap Value ETF	15.88%	49.37%	8.67%	16.85%	-1.30%

Correlation

The correlation between JIRE and AVDV is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022	0.89

The correlation between JIRE and AVDV has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

JIRE vs. AVDV - Sectors Allocation Comparison

Sectors	JIRE	AVDV
Financial Services	23.4%	13.6%
Industrials	15.1%	22.8%
Technology	13.2%	6.6%
Healthcare	8.8%	2.3%
Consumer Cyclical	6.3%	15.4%
Consumer Defensive	6.2%	3.4%
Basic Materials	5.1%	21.0%
Communication Services	2.8%	2.4%
Energy	2.5%	9.6%
Utilities	2.3%	1.7%
Real Estate	0.9%	1.3%

Return for Risk

JIRE vs. AVDV — Risk / Return Rank

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

JIRE

JIRE Risk / Return Rank: 45
JIRE Sharpe Ratio Rank: 46
JIRE Sortino Ratio Rank: 46
JIRE Omega Ratio Rank: 45
JIRE Calmar Ratio Rank: 44
JIRE Martin Ratio Rank: 47

AVDV

AVDV Risk / Return Rank: 80
AVDV Sharpe Ratio Rank: 88
AVDV Sortino Ratio Rank: 85
AVDV Omega Ratio Rank: 85
AVDV Calmar Ratio Rank: 70
AVDV Martin Ratio Rank: 74

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.

JIRE vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Research Enhanced Equity ETF (JIRE) 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.

	JIRE	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.77	-1.21
Sortino ratio: Return per unit of downside risk	2.23	3.62	-1.39
Omega ratio: Gain probability vs. loss probability	1.28	1.50	-0.22
Calmar ratio: Return relative to maximum drawdown	2.12	3.41	-1.30
Martin ratio: Return relative to average drawdown	7.64	13.59	-5.96

JIRE vs. AVDV - Sharpe Ratio Comparison

The current JIRE Sharpe Ratio is 1.56, which is lower than the AVDV Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of JIRE 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.

Drawdowns

JIRE vs. AVDV - Drawdown Comparison

The maximum JIRE drawdown since its inception was -16.11%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for JIRE and AVDV.

Drawdown Indicators

	JIRE	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-16.11%	-43.01%	+26.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-13.19%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-13.61%	-14.17%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.08%	—
Current Drawdown Current decline from peak	0.00%	-1.49%	+1.49%
Average Drawdown Average peak-to-trough decline	-3.02%	-6.74%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	3.30%	-0.04%

Volatility

JIRE vs. AVDV - Volatility Comparison

The current volatility for JPMorgan International Research Enhanced Equity ETF (JIRE) is 4.80%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.78%. This indicates that JIRE 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.

Volatility by Period

	JIRE	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.78%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	13.93%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	16.28%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	17.38%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	19.75%	-3.42%

JIRE vs. AVDV - Expense Ratio Comparison

JIRE has a 0.24% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

JIRE vs. AVDV - Dividend Comparison

JIRE's dividend yield for the trailing twelve months is around 2.71%, less than AVDV's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	4.08%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
JIRE JPMorgan International Research Enhanced Equity ETF	2.71%	2.99%	3.03%	2.74%	2.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIRE and AVDV in my portfolio?

JIRE and AVDV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIRE or AVDV?

AVDV has higher volatility (5.78%) compared to JIRE (4.80%). In terms of maximum drawdown, JIRE dropped -16.11% vs AVDV's -43.01%.

Which ETF is better, JIRE or AVDV?

On 3-year performance, AVDV leads with 28.44% vs 17.27% for JIRE. On fees, JIRE is cheaper at 0.24% per year. On volatility, JIRE has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIRE or AVDV?

Over the 3-year period, AVDV has performed better with a 28.44% return vs 17.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIRE or AVDV?

JIRE is cheaper with a 0.24% expense ratio, compared with 0.36% for AVDV.

Which ETF pays a higher dividend yield, JIRE or AVDV?

AVDV has the higher dividend yield at 4.08%, compared with 2.71% for JIRE.

What is the main difference between JIRE and AVDV?

JIRE is categorized as Foreign Large Cap Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: JPMorgan and Avantis. Their fees differ too: 0.24% for JIRE and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.77 vs 1.56), 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.