VIISX vs. AVDV
VIISX (Virtus KAR International Small-Mid Cap Fund) and AVDV (Avantis International Small Cap Value ETF) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, VIISX returned -0.95%/yr vs 13.72%/yr for AVDV. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VIISX charges 1.19%/yr vs 0.36%/yr for AVDV.
Performance
VIISX vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, VIISX achieves a 3.65% return, which is significantly lower than AVDV's 12.96% return.
VIISX
- 1D
- 1.62%
- 1M
- 1.38%
- 6M
- 0.05%
- YTD
- 3.65%
- 1Y
- 0.26%
- 3Y*
- 8.53%
- 5Y*
- -0.95%
- 10Y*
- 7.88%
- ALL TIME*
- 8.34%
AVDV
- 1D
- -0.48%
- 1M
- 0.21%
- 6M
- 4.97%
- YTD
- 12.96%
- 1Y
- 34.21%
- 3Y*
- 24.60%
- 5Y*
- 13.72%
- 10Y*
- —
- ALL TIME*
- 14.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $74.82M | $104.24M | $85.42M | |
| $0.00 | $0.00 | $0.00 |
VIISX vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 3.65% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 13.95% |
AVDV Avantis International Small Cap Value ETF | 12.96% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 11.78% |
Correlation
The correlation between VIISX and AVDV is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.78 |
The correlation between VIISX and AVDV has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
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Return for Risk
VIISX vs. AVDV — Risk / Return Rank
VIISX
AVDV
VIISX vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) 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.
| VIISX | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.64 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.09 | 9.60 | -9.69 |
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Drawdowns
VIISX vs. AVDV - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for VIISX and AVDV.
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Drawdown Indicators
| VIISX | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -43.01% | -7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -13.19% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -14.17% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -28.08% | -22.23% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | — | — |
Current DrawdownCurrent decline from peak | -8.75% | -3.96% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -6.71% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 3.63% | +1.95% |
Volatility
VIISX vs. AVDV - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund (VIISX) is 3.72%, while Avantis International Small Cap Value ETF (AVDV) has a volatility of 5.49%. This indicates that VIISX 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
| VIISX | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.49% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 14.73% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 16.82% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 17.43% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 19.72% | -4.34% |
VIISX vs. AVDV - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Dividends
VIISX vs. AVDV - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 3.59%, more than AVDV's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.80% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.59% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Frequently Asked Questions
VIISX and AVDV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDV has higher volatility (5.49%) compared to VIISX (3.72%). In terms of maximum drawdown, VIISX dropped -50.31% vs AVDV's -43.01%.
AVDV currently has the higher Sharpe Ratio (2.07 vs -0.04), 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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