WGMI vs. AVDV
Compare and contrast key facts about Valkyrie Bitcoin Miners ETF (WGMI) and Avantis International Small Cap Value ETF (AVDV).
WGMI and AVDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022. AVDV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGMI or AVDV.
Key characteristics
| WGMI | AVDV | |
|---|---|---|
| YTD Return | 65.28% | 7.77% |
| 1Y Return | 224.84% | 20.13% |
| Sharpe Ratio | 2.41 | 1.40 |
| Sortino Ratio | 2.85 | 1.95 |
| Omega Ratio | 1.32 | 1.24 |
| Calmar Ratio | 3.12 | 2.05 |
| Martin Ratio | 8.27 | 8.01 |
| Ulcer Index | 25.62% | 2.55% |
| Daily Std Dev | 88.10% | 14.59% |
| Max Drawdown | -85.76% | -43.01% |
| Current Drawdown | -1.26% | -7.02% |
Correlation
The correlation between WGMI and AVDV is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WGMI vs. AVDV - Performance Comparison
In the year-to-date period, WGMI achieves a 65.28% return, which is significantly higher than AVDV's 7.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WGMI vs. AVDV - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Risk-Adjusted Performance
WGMI vs. AVDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) 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.
Dividends
WGMI vs. AVDV - Dividend Comparison
WGMI's dividend yield for the trailing twelve months is around 0.18%, less than AVDV's 3.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
WGMI Valkyrie Bitcoin Miners ETF | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
AVDV Avantis International Small Cap Value ETF | 3.13% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
Drawdowns
WGMI vs. AVDV - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for WGMI and AVDV. For additional features, visit the drawdowns tool.
Volatility
WGMI vs. AVDV - Volatility Comparison
Valkyrie Bitcoin Miners ETF (WGMI) has a higher volatility of 27.70% compared to Avantis International Small Cap Value ETF (AVDV) at 3.98%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.