RAIIX vs. AVDVX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Avantis International Small Cap Value Fund (AVDVX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. AVDVX is managed by Avantis Investors. It was launched on Dec 3, 2019.
Performance
RAIIX vs. AVDVX - Performance Comparison
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RAIIX vs. AVDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 0.78% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 2.47% |
AVDVX Avantis International Small Cap Value Fund | 6.48% | 48.24% | 8.41% | 16.75% | -10.88% | 15.46% | 5.65% | 5.61% |
Returns By Period
In the year-to-date period, RAIIX achieves a 0.78% return, which is significantly lower than AVDVX's 6.48% return.
RAIIX
- 1D
- 2.96%
- 1M
- -8.84%
- YTD
- 0.78%
- 6M
- 0.44%
- 1Y
- 25.58%
- 3Y*
- 9.07%
- 5Y*
- 1.26%
- 10Y*
- 7.92%
AVDVX
- 1D
- 3.38%
- 1M
- -8.56%
- YTD
- 6.48%
- 6M
- 14.16%
- 1Y
- 47.14%
- 3Y*
- 23.70%
- 5Y*
- 13.43%
- 10Y*
- —
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RAIIX vs. AVDVX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is higher than AVDVX's 0.36% expense ratio.
Return for Risk
RAIIX vs. AVDVX — Risk / Return Rank
RAIIX
AVDVX
RAIIX vs. AVDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) 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.
| RAIIX | AVDVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 2.78 | -1.10 |
Sortino ratioReturn per unit of downside risk | 2.27 | 3.36 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.54 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.53 | -1.42 |
Martin ratioReturn relative to average drawdown | 8.42 | 14.52 | -6.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RAIIX | AVDVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.78 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.81 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.72 | -0.15 |
Correlation
The correlation between RAIIX and AVDVX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RAIIX vs. AVDVX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.80%, less than AVDVX's 9.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.80% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
AVDVX Avantis International Small Cap Value Fund | 9.84% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAIIX vs. AVDVX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum AVDVX drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for RAIIX and AVDVX.
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Drawdown Indicators
| RAIIX | AVDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -43.06% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -12.92% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -27.37% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | — | — |
Current DrawdownCurrent decline from peak | -9.39% | -9.22% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -6.82% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.14% | -0.14% |
Volatility
RAIIX vs. AVDVX - Volatility Comparison
The current volatility for Manning & Napier Rainier International Discovery Series (RAIIX) is 6.99%, while Avantis International Small Cap Value Fund (AVDVX) has a volatility of 7.64%. This indicates that RAIIX experiences smaller price fluctuations and is considered to be less risky than AVDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | AVDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 7.64% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 12.03% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 17.18% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.61% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 19.47% | -2.60% |