USDU vs. AVDS

Last updated Jun 24, 2026

USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and AVDS (Avantis International Small Cap Equity ETF) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past year, USDU returned 6.23% vs 28.49% for AVDS. At a correlation of -0.61, they often move in opposite directions. USDU charges 0.51%/yr vs 0.30%/yr for AVDS.

Performance

USDU vs. AVDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and Avantis International Small Cap Equity ETF (AVDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USDU achieves a 3.64% return, which is significantly lower than AVDS's 9.01% return.

USDU

• 1D: 0.26%
• 1M: 2.02%
• YTD: 3.64%
• 6M: 3.96%
• 1Y: 6.23%
• 3Y*: 5.32%
• 5Y*: 5.59%
• 10Y*: 2.85%

AVDS

• 1D: -2.06%
• 1M: -2.80%
• YTD: 9.01%
• 6M: 8.61%
• 1Y: 28.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USDU vs. AVDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund	3.64%	-3.14%	14.56%	3.26%
AVDS Avantis International Small Cap Equity ETF	9.01%	38.18%	3.20%	3.58%

Correlation

The correlation between USDU and AVDS is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.62
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023	-0.61

The correlation between USDU and AVDS has been stable across timeframes, ranging from -0.62 to -0.61 - a consistent structural relationship.

Return for Risk

USDU vs. AVDS — Risk / Return Rank

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

USDU

USDU Risk / Return Rank: 33
USDU Sharpe Ratio Rank: 32
USDU Sortino Ratio Rank: 32
USDU Omega Ratio Rank: 31
USDU Calmar Ratio Rank: 36
USDU Martin Ratio Rank: 33

AVDS

AVDS Risk / Return Rank: 54
AVDS Sharpe Ratio Rank: 57
AVDS Sortino Ratio Rank: 55
AVDS Omega Ratio Rank: 56
AVDS Calmar Ratio Rank: 48
AVDS Martin Ratio Rank: 53

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.

USDU vs. AVDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and Avantis International Small Cap Equity ETF (AVDS). 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.

	USDU	AVDS	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.83	-0.73
Sortino ratio: Return per unit of downside risk	1.66	2.53	-0.87
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.72	2.30	-0.59
Martin ratio: Return relative to average drawdown	4.76	8.74	-3.98

USDU vs. AVDS - Sharpe Ratio Comparison

The current USDU Sharpe Ratio is 1.10, which is lower than the AVDS Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of USDU and AVDS, 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

USDU vs. AVDS - Drawdown Comparison

The maximum USDU drawdown since its inception was -14.54%, which is greater than AVDS's maximum drawdown of -13.51%. Use the drawdown chart below to compare losses from any high point for USDU and AVDS.

Drawdown Indicators

	USDU	AVDS	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-13.51%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-12.44%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	-7.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.54%	—	—
Current Drawdown Current decline from peak	-0.58%	-4.38%	+3.80%
Average Drawdown Average peak-to-trough decline	-4.71%	-2.83%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	3.27%	-1.95%

Volatility

USDU vs. AVDS - Volatility Comparison

The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.41%, while Avantis International Small Cap Equity ETF (AVDS) has a volatility of 5.78%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky than AVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDU	AVDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	5.78%	-4.37%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	13.38%	-9.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.67%	15.61%	-9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	15.51%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.43%	15.51%	-8.08%

USDU vs. AVDS - Expense Ratio Comparison

USDU has a 0.51% expense ratio, which is higher than AVDS's 0.30% expense ratio.

Dividends

USDU vs. AVDS - Dividend Comparison

USDU's dividend yield for the trailing twelve months is around 3.70%, more than AVDS's 3.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDS Avantis International Small Cap Equity ETF	3.37%	2.37%	3.07%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund	3.70%	3.83%	3.97%	6.99%	7.83%	0.00%	0.69%	3.06%	0.88%	0.00%	0.00%	6.48%

Frequently Asked Questions

Can I hold both USDU and AVDS in my portfolio?

USDU and AVDS have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USDU or AVDS?

AVDS has higher volatility (5.78%) compared to USDU (1.41%). In terms of maximum drawdown, USDU dropped -14.54% vs AVDS's -13.51%.

Which ETF is better, USDU or AVDS?

On 1-year performance, AVDS leads with 28.49% vs 6.23% for USDU. On fees, AVDS is cheaper at 0.30% per year. On volatility, USDU has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USDU or AVDS?

Over the 1-year period, AVDS has performed better with a 28.49% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USDU or AVDS?

AVDS is cheaper with a 0.30% expense ratio, compared with 0.51% for USDU.

Which ETF pays a higher dividend yield, USDU or AVDS?

USDU has the higher dividend yield at 3.70%, compared with 3.37% for AVDS.

What is the main difference between USDU and AVDS?

USDU is categorized as Currency, while AVDS is Foreign Small & Mid Cap Equities. They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 0.51% for USDU and 0.30% for AVDS.

Which has better risk-adjusted returns?

AVDS currently has the higher Sharpe Ratio (1.83 vs 1.10), 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.