QISIX vs. AVANX

Last updated Jun 4, 2026

QISIX (Pear Tree Polaris International Opportunities Fund) and AVANX (Avantis International Small Cap Value Fund Class G) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, QISIX returned 12.65%/yr vs 28.63%/yr for AVANX. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

QISIX vs. AVANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pear Tree Polaris International Opportunities Fund (QISIX) and Avantis International Small Cap Value Fund Class G (AVANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QISIX having a 17.22% return and AVANX slightly higher at 17.36%.

QISIX

• 1D: 1.77%
• 1M: 8.46%
• YTD: 17.22%
• 6M: 17.41%
• 1Y: 23.17%
• 3Y*: 12.65%
• 5Y*: 3.14%
• 10Y*: —

AVANX

• 1D: 0.21%
• 1M: 4.01%
• YTD: 17.36%
• 6M: 21.19%
• 1Y: 45.66%
• 3Y*: 28.63%
• 5Y*: —
• 10Y*: —

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

QISIX vs. AVANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QISIX Pear Tree Polaris International Opportunities Fund	17.22%	18.14%	-5.09%	16.38%	-16.60%
AVANX Avantis International Small Cap Value Fund Class G	17.36%	48.78%	8.80%	17.17%	-7.66%

Correlation

The correlation between QISIX and AVANX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.65

The correlation between QISIX and AVANX shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QISIX vs. AVANX — Risk / Return Rank

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

QISIX

QISIX Risk / Return Rank: 37
QISIX Sharpe Ratio Rank: 38
QISIX Sortino Ratio Rank: 40
QISIX Omega Ratio Rank: 40
QISIX Calmar Ratio Rank: 35
QISIX Martin Ratio Rank: 33

AVANX

AVANX Risk / Return Rank: 80
AVANX Sharpe Ratio Rank: 89
AVANX Sortino Ratio Rank: 82
AVANX Omega Ratio Rank: 80
AVANX Calmar Ratio Rank: 77
AVANX Martin Ratio Rank: 73

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.

QISIX vs. AVANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pear Tree Polaris International Opportunities Fund (QISIX) and Avantis International Small Cap Value Fund Class G (AVANX). 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.

	QISIX	AVANX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.95	-1.16
Sortino ratio: Return per unit of downside risk	2.67	3.91	-1.25
Omega ratio: Gain probability vs. loss probability	1.34	1.53	-0.19
Calmar ratio: Return relative to maximum drawdown	2.22	3.50	-1.28
Martin ratio: Return relative to average drawdown	7.44	13.91	-6.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QISIX vs. AVANX - Sharpe Ratio Comparison

The current QISIX Sharpe Ratio is 1.79, which is lower than the AVANX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of QISIX and AVANX, 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

	QISIX	AVANX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.95	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.06	-0.58

Drawdowns

QISIX vs. AVANX - Drawdown Comparison

The maximum QISIX drawdown since its inception was -41.11%, which is greater than AVANX's maximum drawdown of -25.35%. Use the drawdown chart below to compare losses from any high point for QISIX and AVANX.

Drawdown Indicators

	QISIX	AVANX	Difference
Max Drawdown Largest peak-to-trough decline	-41.11%	-25.35%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-12.86%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-13.83%	-1.64%
Max Drawdown (5Y) Largest decline over 5 years	-37.79%	—	—
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-12.10%	-4.82%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.23%	-0.12%

Volatility

QISIX vs. AVANX - Volatility Comparison

The current volatility for Pear Tree Polaris International Opportunities Fund (QISIX) is 3.85%, while Avantis International Small Cap Value Fund Class G (AVANX) has a volatility of 4.45%. This indicates that QISIX experiences smaller price fluctuations and is considered to be less risky than AVANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QISIX	AVANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.45%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	12.48%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	15.30%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	17.09%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	17.09%	-1.07%

Dividends

QISIX vs. AVANX - Dividend Comparison

QISIX's dividend yield for the trailing twelve months is around 1.61%, less than AVANX's 9.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVANX Avantis International Small Cap Value Fund Class G	9.26%	10.86%	4.74%	3.87%	3.70%	0.00%	0.00%	0.00%
QISIX Pear Tree Polaris International Opportunities Fund	1.61%	1.89%	3.29%	1.27%	1.66%	2.52%	0.68%	0.30%

Frequently Asked Questions

Can I hold both QISIX and AVANX in my portfolio?

QISIX and AVANX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QISIX or AVANX?

AVANX has higher volatility (4.45%) compared to QISIX (3.85%). In terms of maximum drawdown, QISIX dropped -41.11% vs AVANX's -25.35%.

Which has better risk-adjusted returns?

AVANX currently has the higher Sharpe Ratio (2.95 vs 1.79), 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.