NISM vs. AVDV
NISM (NYLI International Small-Mid Cap Equity ETF) and AVDV (Avantis International Small Cap Value ETF) are both Foreign Small & Mid Cap Equities funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. NISM charges 0.70%/yr vs 0.36%/yr for AVDV.
Performance
NISM vs. AVDV - Performance Comparison
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Returns By Period
NISM
- 1D
- -1.87%
- 1M
- 1.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVDV
- 1D
- -1.88%
- 1M
- -0.79%
- 6M
- 9.56%
- YTD
- 12.03%
- 1Y
- 34.90%
- 3Y*
- 25.94%
- 5Y*
- 14.02%
- 10Y*
- —
NISM vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | -1.93% |
AVDV Avantis International Small Cap Value ETF | -4.00% |
Correlation
The correlation between NISM and AVDV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.78 |
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Return for Risk
NISM vs. AVDV — Risk / Return Rank
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AVDV
NISM vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI International Small-Mid Cap Equity ETF (NISM) 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.
| NISM | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 10.23 | — |
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Drawdowns
NISM vs. AVDV - Drawdown Comparison
The maximum NISM drawdown since its inception was -4.35%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for NISM and AVDV.
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Drawdown Indicators
| NISM | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -43.01% | +38.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.08% | — |
Current DrawdownCurrent decline from peak | -2.00% | -4.75% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -6.73% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
NISM vs. AVDV - Volatility Comparison
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Volatility by Period
| NISM | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 16.54% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 17.44% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 19.74% | -5.19% |
NISM vs. AVDV - Expense Ratio Comparison
NISM has a 0.70% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Dividends
NISM vs. AVDV - Dividend Comparison
NISM's dividend yield for the trailing twelve months is around 0.24%, less than AVDV's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.82% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NISM and AVDV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVDV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVDV is cheaper with a 0.36% expense ratio, compared with 0.70% for NISM.
AVDV has the higher dividend yield at 2.82%, compared with 0.24% for NISM.
They also come from different issuers: New York Life Investment Management and Avantis. Their fees differ too: 0.70% for NISM and 0.36% for AVDV.
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