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AVDS vs IVSX

Avantis International Small Cap Equity ETF

AVDSANYSE Arca

Applied Finance IVS International SMID ETF

IVSXDNasdaq

Overlap

Expense ratio

AVDS −0.45pt a year

AVDS0.30%IVSX0.75%

Avg volume · 30D

AVDS 44.6×the volume

AVDS24.9KIVSX559

AVDS vs IVSX Performance

Jul 31, 2026 – Oct 30, 2026

0.0%AVDS+2.2%IVSX

Jul 31, 2026 to Oct 30, 2026. AVDS 0.0%. IVSX +2.2%. Use the arrow keys to read each point.1%3%4%5%6%Jul 2026Sep 2026Oct 2026
Expense ratio
AVDS 0.30%, better
IVSX 0.75%
Fund size
AVDS $374M
IVSX $5M
1Y total return
AVDS +16.7%
IVSX No data
Yield (12M)
AVDS 2.66%
IVSX No data
Holdings
AVDS 3124
IVSX 257
Avg volume (30D)
AVDS 24.9K sh, better
IVSX 559 sh
NAV per share
AVDS $76.06
IVSX $25.71
52W range

ETF.net Grade

AVDS: Cost 89, Risk 64, Mission not scored, Tradability 66, Holdings 90, Durability 69. IVSX: Cost 25, Risk 43, Mission not scored, Tradability 33, Holdings not scored, Durability 25.
Pillar letters and Scores for AVDS, IVSX, with each pillar’s weight
PillarAVDSIVSX
Cost30% weightA89HigherD25
Mission25% weightNot scoredNot scored
Risk15% weightB64HigherC43
Tradability15% weightB66HigherD33
Holdings10% weightA90Not scored
Durability5% weightB69HigherD25

Rank among International Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVDS and IVSX 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 ›

AVDS ranks 4th and IVSX 48th 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 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
  4. Rank 4AAVDSAvantis International Small Cap Equity ETFScore 78
  5. Rank 5AENHIiShares Enhanced International Active ETFScore 76
  6. Rank 46DSSXUDay Hagan Smart Sector International ETFScore 31
  7. Rank 48DIVSXApplied Finance IVS International SMID ETFScore 30
  8. Rank 49DEPINHarbor International Equity ETF (EPIN)Score 28

Our read on each fund

ETF.net Research

AVDSAAvantis International Small Cap Equity ETF

IVSXDApplied Finance IVS International SMID ETF

In short

AVDS Avantis casts a wide net: roughly 3,000 non-US developed small caps, weighted with an eye on price, profitability and how much cash companies plow back in. Active management that looks a lot like an index fund with its thumb on the scale.

IVSX Applied Finance aims its intrinsic-value engine at a corner most international funds skim past: small and mid-cap companies listed overseas. A boutique valuation shop's process, wrapped in a 2026-launch ETF.

Stated mandate

AVDS The ETF seeks long-term capital appreciation by investing in a broad group of non-U.S. small-cap companies and considering valuation, profitability, and investment levels when selecting and weighting securities.

IVSX Seeks to invest at least 80% of its net assets in equity securities of small- to mid-capitalization (SMID) companies.

Why people hold it

  • AVDS Charges 0.30% a year, about half the typical fee in its active international peer group. Cheap is a durable edge in a corner of the market where fees usually run high.
  • Roughly 3,000 holdings, so no single stock or country steers the outcome. This is small-cap breadth, not a concentrated stock-picking bet.
  • The tilts are the whole design: valuation, profitability and investment levels shape both what it owns and how much of each, measured against MSCI World ex USA Small Cap.avantisinvestors.com
  • Sits among the strongest builds in a crowded field of active international equity funds. Broad, systematic, low-fee: the boxes that tend to stay ticked.
  • IVSX Built on Applied Finance's Economic Margin work, which values a company using a firm-specific profit horizon instead of the perpetuity assumptions baked into standard DCF math.appliedfinance.comappliedfinance.com 2
  • The mandate is specific: at least 80% of net assets in small- and mid-cap equities. You get the SMID exposure named on the tin, not quiet drift into familiar large caps.
  • Ordinary 1940 Act fund structure, the same plumbing as a mainstream index ETF, so there is no exotic wrapper to decode before you look at the holdings.

Worth knowing

  • AVDS Thinly traded compared with the big international names. Limit orders and a look at the spread earn their keep here.
  • Launched in 2023, so the live record is short even though the approach behind it is not new.
  • Costs more than Avantis' broad international fund AVDE (0.23%). Small caps abroad are pricier to research and trade, and they swing harder.
  • IVSX The 0.75% fee sits above the middle of its active international peer group, and rules-based foreign small-cap options run cheaper (AVDS charges 0.30%). That is the toll for stock picking.
  • It started trading in 2026, so there is little live history behind the process in this sleeve, and risk readings rest on a short record.
  • A small asset base and light trading mean spreads can widen at the wrong moment, and funds that stay subscale are the ones issuers tend to close.

Full AVDS profile⁠

Full IVSX profile⁠

AVDS vs IVSX 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.

AVDS vs IVSX Cost

Overpaying IVSX vs AVDS

$8,333

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

  • AVDS 0.30%

    $6,149

  • IVSX 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AVDS 0.30%
  • IVSX 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IVSX $14,482AVDS $6,149

Year by year

YearAVDSIVSXOverpaying
10$545$1,336$791
20$2,113$5,078$2,965
30$6,149$14,482$8,333

Expense ratio

  • 0.30%AVDS, cheaper
  • 0.75%IVSX
  • Middle half of International Active Equity funds
  • Median 0.55%

AVDS 6th cheapest of 55 funds

IVSX 41st cheapest of 55 funds

AVDS vs IVSX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVDS 2.66%
IVSX No data
Payout (12M)
AVDS $2.03
IVSX None
Last payment
AVDS $0.28
IVSX No data
Ex-dividend
AVDS Sep 8, 2026
IVSX No data
Paid on
AVDS Sep 10, 2026
IVSX No data
Frequency
AVDS Quarterly
IVSX No data

Distribution history

Per share, 2023 to 2026, same scale for both

AVDSQuarterly · 8 paymentsAll AVDS payments⁠
One bar per payment. 8 payments from 2023 to 2026 YTD. Dec 18, 2023 $0.38; Jun 24, 2024 $0.82; Dec 17, 2024 $0.77; Jun 24, 2025 $0.78; Dec 16, 2025 $0.87; Mar 10, 2026 $0.03; Jun 9, 2026 $0.85; Sep 8, 2026 $0.28. Use the arrow keys to read each point.$0$120232026YTD
IVSXAll IVSX payments⁠

No distribution history available.

AVDS vs IVSX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVDS 14.2%IVSX No data
Return per unit of riskSharpe ratio, 3 years
AVDS 1.18IVSX No data
Worst fallMax drawdown, 5 years
AVDS −13.5%since Jul 2023IVSX No data
Market sensitivityBeta, 5 years
AVDS 0.73IVSX 0.76

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