OPPE vs. AVDV

Last updated Jun 24, 2026

OPPE (WisdomTree European Opportunities Fund) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - OPPE is a Europe Equities fund tracking the WisdomTree European Opportunities Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. OPPE is passively managed, while AVDV is actively managed. Over the past 5 years, OPPE returned 14.00%/yr vs 13.85%/yr for AVDV. Their correlation of 0.80 suggests significant overlap in exposure. OPPE charges 0.58%/yr vs 0.36%/yr for AVDV.

Performance

OPPE vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree European Opportunities Fund (OPPE) 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, OPPE achieves a 11.16% return, which is significantly lower than AVDV's 13.23% return.

OPPE

• 1D: -0.52%
• 1M: -0.94%
• YTD: 11.16%
• 6M: 11.70%
• 1Y: 26.73%
• 3Y*: 23.44%
• 5Y*: 14.00%
• 10Y*: 13.17%

AVDV

• 1D: -2.28%
• 1M: -1.84%
• YTD: 13.23%
• 6M: 12.69%
• 1Y: 40.80%
• 3Y*: 27.46%
• 5Y*: 13.85%
• 10Y*: —

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

OPPE vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
OPPE WisdomTree European Opportunities Fund	11.16%	38.80%	10.42%	19.80%	-11.14%	23.52%	-2.92%	10.09%
AVDV Avantis International Small Cap Value ETF	13.23%	49.37%	8.67%	16.85%	-11.47%	15.80%	5.01%	11.78%

Correlation

The correlation between OPPE 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 (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.80

The correlation between OPPE and AVDV has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

OPPE vs. AVDV - Sectors Allocation Comparison

Sectors	OPPE	AVDV
Industrials	28.1%	22.8%
Financial Services	23.3%	13.6%
Basic Materials	11.0%	21.0%
Energy	8.7%	9.6%
Technology	7.8%	6.6%
Utilities	6.0%	1.7%
Healthcare	4.6%	2.3%
Consumer Defensive	4.2%	3.4%
Consumer Cyclical	3.3%	15.4%
Communication Services	1.5%	2.4%
Real Estate	1.4%	1.3%

Return for Risk

OPPE vs. AVDV — Risk / Return Rank

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

OPPE

OPPE Risk / Return Rank: 62
OPPE Sharpe Ratio Rank: 60
OPPE Sortino Ratio Rank: 59
OPPE Omega Ratio Rank: 58
OPPE Calmar Ratio Rank: 65
OPPE Martin Ratio Rank: 66

AVDV

AVDV Risk / Return Rank: 74
AVDV Sharpe Ratio Rank: 81
AVDV Sortino Ratio Rank: 77
AVDV Omega Ratio Rank: 79
AVDV Calmar Ratio Rank: 65
AVDV Martin Ratio Rank: 69

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.

OPPE vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree European Opportunities Fund (OPPE) 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.

	OPPE	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.50	-0.63
Sortino ratio: Return per unit of downside risk	2.60	3.29	-0.69
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.11
Calmar ratio: Return relative to maximum drawdown	3.04	3.11	-0.07
Martin ratio: Return relative to average drawdown	11.44	12.36	-0.91

OPPE vs. AVDV - Sharpe Ratio Comparison

The current OPPE Sharpe Ratio is 1.86, which is comparable to the AVDV Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of OPPE 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

OPPE vs. AVDV - Drawdown Comparison

The maximum OPPE drawdown since its inception was -39.28%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for OPPE and AVDV.

Drawdown Indicators

	OPPE	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-43.01%	+3.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-13.19%	+4.36%
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	-14.17%	-0.87%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-28.08%	+3.59%
Max Drawdown (10Y) Largest decline over 10 years	-39.28%	—	—
Current Drawdown Current decline from peak	-2.21%	-3.73%	+1.52%
Average Drawdown Average peak-to-trough decline	-5.45%	-6.74%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	3.31%	-0.97%

Volatility

OPPE vs. AVDV - Volatility Comparison

The current volatility for WisdomTree European Opportunities Fund (OPPE) is 4.89%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.23%. This indicates that OPPE 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

	OPPE	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	6.23%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	14.14%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	16.42%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	17.41%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	19.76%	-2.78%

OPPE vs. AVDV - Expense Ratio Comparison

OPPE has a 0.58% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

OPPE vs. AVDV - Dividend Comparison

OPPE's dividend yield for the trailing twelve months is around 2.76%, less than AVDV's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDV Avantis International Small Cap Value ETF	4.17%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%	0.00%
OPPE WisdomTree European Opportunities Fund	2.76%	2.95%	3.99%	3.53%	5.13%	2.39%	3.42%	3.08%	2.34%	1.46%	2.60%	4.39%

Frequently Asked Questions

Can I hold both OPPE and AVDV in my portfolio?

OPPE 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.

Which is riskier, OPPE or AVDV?

AVDV has higher volatility (6.23%) compared to OPPE (4.89%). In terms of maximum drawdown, OPPE dropped -39.28% vs AVDV's -43.01%.

Which ETF is better, OPPE or AVDV?

On 5-year performance, OPPE leads with 14.00% vs 13.85% for AVDV. On fees, AVDV is cheaper at 0.36% per year. On volatility, OPPE has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OPPE or AVDV?

Over the 5-year period, OPPE has performed better with a 14.00% return vs 13.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OPPE or AVDV?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.58% for OPPE.

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

AVDV has the higher dividend yield at 4.17%, compared with 2.76% for OPPE.

What is the main difference between OPPE and AVDV?

OPPE is categorized as Europe Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 0.58% for OPPE and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.50 vs 1.86), 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.