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SPYV vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYV vs. AVDV

Last updated Jun 14, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - SPYV is a S&P 500 fund tracking the S&P 500 Value Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. SPYV is passively managed, while AVDV is actively managed. Over the past 5 years, SPYV returned 10.98%/yr vs 13.63%/yr for AVDV. A 0.72 correlation means they provide meaningful diversification when combined. SPYV charges 0.04%/yr vs 0.36%/yr for AVDV.

Performance

SPYV vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPYV achieves a 8.25% return, which is significantly lower than AVDV's 14.99% return.

SPYV

1D
0.69%
1M
1.59%
YTD
8.25%
6M
8.02%
1Y
21.87%
3Y*
15.13%
5Y*
10.98%
10Y*
12.08%

AVDV

1D
0.89%
1M
-1.99%
YTD
14.99%
6M
17.18%
1Y
41.91%
3Y*
26.72%
5Y*
13.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SPYV
SPDR Portfolio S&P 500 Value ETF		8.25%13.18%12.24%22.20%-5.28%24.91%1.38%9.76%
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%

Correlation

The correlation between SPYV and AVDV is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.72

The correlation between SPYV and AVDV shifts across timeframes, from 0.62 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

SPYV vs. AVDV - Sectors Allocation Comparison

Sectors
SPYV
AVDV

Technology

22.4%
6.6%

Financial Services

14.5%
13.6%

Healthcare

11.5%
2.3%

Consumer Cyclical

11.1%
15.4%

Industrials

10.5%
22.8%

Consumer Defensive

8.9%
3.4%

Energy

7.0%
9.6%

Utilities

4.3%
1.7%

Real Estate

3.4%
1.3%

Basic Materials

3.3%
21.0%

Communication Services

3.2%
2.4%

Technology

SPYV
22.4%
AVDV
6.6%

Financial Services

SPYV
14.5%
AVDV
13.6%

Healthcare

SPYV
11.5%
AVDV
2.3%

Consumer Cyclical

SPYV
11.1%
AVDV
15.4%

Industrials

SPYV
10.5%
AVDV
22.8%

Consumer Defensive

SPYV
8.9%
AVDV
3.4%

Energy

SPYV
7.0%
AVDV
9.6%

Utilities

SPYV
4.3%
AVDV
1.7%

Real Estate

SPYV
3.4%
AVDV
1.3%

Basic Materials

SPYV
3.3%
AVDV
21.0%

Communication Services

SPYV
3.2%
AVDV
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio S&P 500 Value ETF

Avantis International Small Cap Value ETF

Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SCHDSPYV vs. BRK-BSPYV vs. SPHQSPYV vs. SPYD
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

SPYV vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV
SPYV Risk / Return Rank: 7575
Overall Rank
SPYV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPYV Omega Ratio Rank: 7373
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7575
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7777
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
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.

SPYV vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

SPYVAVDVDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.53

-0.45

Sortino ratioReturn per unit of downside risk
2.92
3.36

-0.44

Omega ratioGain probability vs. loss probability

1.37

1.46

-0.08

Calmar ratioReturn relative to maximum drawdown

3.33

3.12

+0.22

Martin ratioReturn relative to average drawdown

12.73

12.44

+0.28

SPYV vs. AVDV - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is comparable to the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of SPYV 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.

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Drawdowns

SPYV vs. AVDV - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for SPYV and AVDV.

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Drawdown Indicators

SPYVAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-58.45%

-43.01%

-15.44%

Max Drawdown (1Y)

Largest decline over 1 year

-6.22%

-13.19%

+6.97%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-14.17%

-3.37%

Max Drawdown (5Y)

Largest decline over 5 years

-17.89%

-28.08%

+10.19%

Max Drawdown (10Y)

Largest decline over 10 years

-36.89%

—

—

Current Drawdown

Current decline from peak

-0.18%

-2.24%

+2.06%

Average Drawdown

Average peak-to-trough decline

-8.71%

-6.76%

-1.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

3.30%

-1.67%

Volatility

SPYV vs. AVDV - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 6.26%. This indicates that SPYV 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.

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Volatility by Period

SPYVAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

6.26%

-3.56%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

13.88%

-6.62%

Volatility (1Y)

Calculated over the trailing 1-year period

9.97%

16.25%

-6.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.42%

17.41%

-2.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

19.77%

-2.83%

SPYV vs. AVDV - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

SPYV vs. AVDV - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, less than AVDV's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.68%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%

Frequently Asked Questions

SPYV and AVDV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVDV has higher volatility (6.26%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs AVDV's -43.01%.

On 5-year performance, AVDV leads with 13.63% vs 10.98% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVDV has performed better with a 13.63% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPYV is cheaper with a 0.04% expense ratio, compared with 0.36% for AVDV.

AVDV has the higher dividend yield at 4.11%, compared with 1.68% for SPYV.

SPYV is categorized as S&P 500, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.04% for SPYV and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 vs 2.08), 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.

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