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AVDE vs HDMV

Avantis International Equity ETF

AVDEANYSE Arca

First Trust Horizon Managed Volatility Developed International ETF

HDMVDNYSE Arca

Overlap

Expense ratio

AVDE −0.57pt a year

AVDE0.23%HDMV0.80%

Avg volume · 30D

AVDE 1349.2×the volume

AVDE1.06MHDMV786

5Y return · a year

AVDE +1.8pt

AVDE+9.4%HDMV+7.6%

AVDE vs HDMV Performance

Nov 5, 2021 – Nov 5, 2026

+56.7%AVDE+44.1%HDMV

Nov 5, 2021 to Nov 5, 2026. AVDE +56.7%. HDMV +44.1%. Use the arrow keys to read each point.−20%0%20%Nov 2021May 2024Nov 2026
Expense ratio
AVDE 0.23%, better
HDMV 0.80%
Fund size
AVDE $19.7B
HDMV $15M
1Y total return
AVDE +15.1%
HDMV +16.0%, better
Yield (12M)
AVDE 2.87%
HDMV 4.57%, better
Holdings
AVDE 3396
HDMV 157
Avg volume (30D)
AVDE 1.06M sh, better
HDMV 786 sh
NAV per share
AVDE $90.46
HDMV $38.58
52W range

ETF.net Grade

AVDE: Cost 96, Risk 66, Mission not scored, Tradability 91, Holdings 90, Durability 89. HDMV: Cost 19, Risk 87, Mission not scored, Tradability 16, Holdings 58, Durability 64.
Pillar letters and Scores for AVDE, HDMV, with each pillar’s weight
PillarAVDEHDMV
Cost30% weightA96HigherF19
Mission25% weightNot scoredNot scored
Risk15% weightB66A87Higher
Tradability15% weightA91HigherF16
Holdings10% weightA90HigherB58
Durability5% weightA89HigherB64

Rank among International Active Equity funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVDE and HDMV are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds
See all 55 ›

AVDE ranks 1st and HDMV 35th of 55 funds in the International Active Equity Category.

  1. Rank 1AAVDEAvantis International Equity ETFScore 87
  2. Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
  3. Rank 34CABLGAbacus FCF International Leaders ETFScore 41
  4. Rank 35DHDMVFirst Trust Horizon Managed Volatility Developed International ETFScore 40
  5. Rank 35CIVSIApplied Finance IVS International Large ETFScore 40

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

HDMVDFirst Trust Horizon Managed Volatility Developed International ETF

In short

AVDE Active management at almost-index prices: Avantis runs roughly 3,300 developed-market stocks outside the US without tracking a benchmark, for 0.23% a year. One of the strongest implementations in its active international peer group.

HDMV An active spin on the calm-stocks trade. Rather than tracking a low-vol index, the managers hand-pick developed-market shares and depositary receipts screened for low expected future volatility.

Stated mandate

AVDE Invests in a broad range of stocks of all sizes across non-U.S. developed countries, with active portfolio management rather than replication of a specified index.

HDMV The Fund seeks capital appreciation through an actively managed portfolio of developed-market common stocks and depositary receipts selected for low expected volatility.

Why people hold it

  • AVDE 0.23% a year, well under half the typical fee in its active international peer group. Active management usually costs more than this.
  • Index-like breadth without an index: about 3,300 stocks of all sizes across non-US developed countries, chosen by managers rather than copied from a benchmark.avantisinvestors.com
  • A multi-billion-dollar fund that trades actively, so getting in and out tends to be cheap and easy. It pays out quarterly.
  • Sits at the top of a crowded field alongside rivals like DFIC and JIRE, priced within a basis point or two of both.
  • HDMV Forward-looking by design: holdings are chosen on expected volatility, not just a backward glance at which stocks were quiet last year.
  • Spread across roughly 160 developed-market stocks and depositary receipts, so no single name carries the portfolio.
  • Live since 2016, a real-world track record for an active strategy rather than a freshly launched idea.
  • Pays on a quarterly schedule, and the mandate is capital appreciation first, not income.

Worth knowing

  • AVDE Developed markets only. Emerging markets are a separate purchase if you want them.
  • No index to grade the manager against, so results come down to Avantis's own portfolio calls rather than a published benchmark.
  • It is all-equity and all-foreign: stock market swings plus currency moves both show up in the price.
  • HDMV At 0.80% a year, the fee sits above the typical international active fund, and index-built rivals like AVDE and DFIC charge closer to a quarter point.
  • A small fund that trades lightly. Spreads can widen, so limit orders do more work here than with the giants of the category.
  • Low-volatility screens aim to soften the ride, not remove it. The same tilt that damps drops can leave the fund behind in sharp rallies.

Full AVDE profile⁠

Full HDMV profile⁠

AVDE vs HDMV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVDE vs HDMV Cost

Overpaying HDMV vs AVDE

$10,587

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AVDE 0.23%

    $4,759

  • HDMV 0.80%

    $15,346

$10,000
30 years

Cost over time

  • AVDE 0.23%
  • HDMV 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HDMV $15,346AVDE $4,759

Year by year

YearAVDEHDMVOverpaying
10$419$1,422$1,003
20$1,630$5,393$3,763
30$4,759$15,346$10,587

Expense ratio

  • 0.23%AVDE, cheaper
  • 0.80%HDMV
  • Middle half of International Active Equity funds
  • Median 0.55%

AVDE 3rd cheapest of 55 funds

HDMV 43rd cheapest of 55 funds

AVDE vs HDMV Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
AVDE 2.87%
HDMV 4.57%, better
Payout (12M)
AVDE $2.53
HDMV $1.75
Last payment
AVDE $0.33
HDMV $0.77
Ex-dividend
AVDE Sep 8, 2026
HDMV Sep 24, 2026
Paid on
AVDE Sep 10, 2026
HDMV Sep 30, 2026
Frequency
AVDE Quarterly
HDMV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Dec 27, 2019 $0.16; Jun 23, 2020 $0.39; Dec 17, 2020 $0.54; Jun 22, 2021 $0.70; Dec 16, 2021 $0.86; Jun 21, 2022 $0.95; Dec 15, 2022 $0.53; Jun 20, 2023 $1.05; Dec 18, 2023 $0.77; Jun 24, 2024 $1.17; Dec 17, 2024 $0.85; Jun 24, 2025 $1.25; Dec 16, 2025 $0.94; Mar 10, 2026 $0.10; Jun 9, 2026 $1.17; Sep 8, 2026 $0.33. Use the arrow keys to read each point.$0$12017202020232026YTD
HDMVQuarterly · 37 paymentsAll HDMV payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.05; Jun 22, 2017 $0.50; Sep 21, 2017 $0.47; Dec 21, 2017 $0.08; Mar 22, 2018 $0.0096; Jun 21, 2018 $0.54; Sep 14, 2018 $0.21; Dec 18, 2018 $0.13; Mar 21, 2019 $0.11; Jun 14, 2019 $0.41; Sep 25, 2019 $0.29; Dec 13, 2019 $0.43; Jun 25, 2020 $0.13; Sep 24, 2020 $0.10; Dec 24, 2020 $0.22; Mar 25, 2021 $0.04; Jun 24, 2021 $0.58; Sep 23, 2021 $0.27; Dec 23, 2021 $0.10; Mar 25, 2022 $0.02; Jun 24, 2022 $0.50; Sep 23, 2022 $0.31; Dec 23, 2022 $0.13; Mar 24, 2023 $0.15; Jun 27, 2023 $0.35; Sep 22, 2023 $0.27; Dec 22, 2023 $0.14; Mar 21, 2024 $0.09; Jun 27, 2024 $0.42; Sep 26, 2024 $0.32; Dec 13, 2024 $0.10; Mar 27, 2025 $0.07; Jun 26, 2025 $0.74; Sep 25, 2025 $0.56; Dec 12, 2025 $0.42; Jun 25, 2026 $0.56; Sep 24, 2026 $0.77. Use the arrow keys to read each point.$0$12017202020232026YTD

AVDE vs HDMV Risk

Fall from peak · 5 years

  • AVDE
  • HDMV
Nov 5, 2021 to Nov 5, 2026. Worst fall: AVDE −28.7% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
AVDE 12.1%HDMV 11.8%, better
Return per unit of riskSharpe ratio, 3 years
AVDE 1.35, betterHDMV 1.03
Worst fallMax drawdown, 5 years
AVDE −28.7%HDMV −23.3%, better
Market sensitivityBeta, 5 years
AVDE 0.80HDMV 0.63

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