SGSCX vs. AVDV

Last updated Jun 24, 2026

SGSCX (DWS Global Small Cap Fund) and AVDV (Avantis International Small Cap Value ETF) are both funds - SGSCX is a Global Equities fund managed by DWS, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Over the past 5 years, SGSCX returned 8.18%/yr vs 13.85%/yr for AVDV. Their correlation of 0.82 suggests significant overlap in exposure. SGSCX charges 1.12%/yr vs 0.36%/yr for AVDV.

Performance

SGSCX vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Global Small Cap Fund (SGSCX) 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, SGSCX achieves a 21.49% return, which is significantly higher than AVDV's 13.23% return.

SGSCX

• 1D: -0.03%
• 1M: 1.29%
• YTD: 21.49%
• 6M: 19.89%
• 1Y: 41.28%
• 3Y*: 21.08%
• 5Y*: 8.18%
• 10Y*: 9.31%

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)

SGSCX vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SGSCX DWS Global Small Cap Fund	21.49%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	9.40%
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 SGSCX and AVDV is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.82

The correlation between SGSCX and AVDV has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

SGSCX vs. AVDV — Risk / Return Rank

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

SGSCX

SGSCX Risk / Return Rank: 87
SGSCX Sharpe Ratio Rank: 89
SGSCX Sortino Ratio Rank: 85
SGSCX Omega Ratio Rank: 78
SGSCX Calmar Ratio Rank: 91
SGSCX Martin Ratio Rank: 90

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.

SGSCX vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Global Small Cap Fund (SGSCX) 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.

	SGSCX	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.50	+0.21
Sortino ratio: Return per unit of downside risk	3.73	3.29	+0.44
Omega ratio: Gain probability vs. loss probability	1.46	1.45	+0.01
Calmar ratio: Return relative to maximum drawdown	4.52	3.11	+1.41
Martin ratio: Return relative to average drawdown	16.88	12.36	+4.53

SGSCX vs. AVDV - Sharpe Ratio Comparison

The current SGSCX Sharpe Ratio is 2.70, which is comparable to the AVDV Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of SGSCX 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

SGSCX vs. AVDV - Drawdown Comparison

The maximum SGSCX drawdown since its inception was -62.26%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for SGSCX and AVDV.

Drawdown Indicators

	SGSCX	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-43.01%	-19.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-13.19%	+3.65%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-14.17%	-8.20%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-28.08%	-5.64%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	—	—
Current Drawdown Current decline from peak	-0.27%	-3.73%	+3.46%
Average Drawdown Average peak-to-trough decline	-14.10%	-6.74%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.31%	-0.77%

Volatility

SGSCX vs. AVDV - Volatility Comparison

The current volatility for DWS Global Small Cap Fund (SGSCX) is 5.75%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.23%. This indicates that SGSCX 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

	SGSCX	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	6.23%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	14.14%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	16.42%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	17.41%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	19.76%	-0.20%

SGSCX vs. AVDV - Expense Ratio Comparison

SGSCX has a 1.12% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

SGSCX vs. AVDV - Dividend Comparison

SGSCX's dividend yield for the trailing twelve months is around 8.53%, more 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%
SGSCX DWS Global Small Cap Fund	8.53%	10.37%	6.35%	5.12%	5.42%	16.72%	0.36%	0.29%	18.31%	11.13%	7.52%	6.04%

Frequently Asked Questions

Can I hold both SGSCX and AVDV in my portfolio?

SGSCX and AVDV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGSCX or AVDV?

AVDV has higher volatility (6.23%) compared to SGSCX (5.75%). In terms of maximum drawdown, SGSCX dropped -62.26% vs AVDV's -43.01%.

Which has better risk-adjusted returns?

SGSCX currently has the higher Sharpe Ratio (2.70 vs 2.50), 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.