What Is the AVDV ETF? Returns, Expense Ratio, Holdings, and Alternative ETFs Explained
The Avantis International Small Cap Value ETF (AVDV) invests in developed-market small-cap value stocks outside the US, combining a low, index-like expense ratio with active factor-based stock selection. Differences in management approach, fees, and dividends versus EFV and DISV are the key selection criteria and a core factor in judging its outlook.
SubscribeWhat Is the Avantis International Small Cap Value ETF?
It is an actively managed ETF that diversifies across small-cap value stocks in developed markets outside the US. It keeps a high weighting in small caps across a broad range of countries and sectors, and uses a factor-based approach that overweights stocks with low valuations.
It suits investors who want long-term exposure to the small-cap and value factors alongside international diversification.
It is an ETF with an active management approach, run by Avantis Investors.
How Does the Avantis International Small Cap Value ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | No benchmark tracked (active factor management) |
| Management Style | Active (rules-based factor selection) |
| Rebalancing Frequency | Continuous (reflected in daily management) |
| Dividend Frequency | Quarterly dividends |
| Manager | Avantis Investors |
| Expense Ratio | 0.36% |
Rather than replicating a specific index, it takes an active approach, selecting and weighting developed-market small-cap stocks based on company characteristics such as value and profitability. It aims to systematically increase exposure to the value factor while maintaining broad diversification and low fees.
- Rules-based active factor management rather than index replication
- International diversification focused on developed-market small-cap value
Avantis International Small Cap Value ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) are $20.0B, and the expense ratio is 0.36% per year.
Its management approach and fee structure differ from EFV, DISV, and IVLU shown in the table, so the key is to compare passive value ETFs with active factor management when choosing.
Avantis International Small Cap Value ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangePerformance varies with the trends in developed-market value stocks and small caps, and is also affected by exchange rates and the global economic cycle. Rather than returns at any single point in time, its trend tends to be shaped by whether the value and small-cap factors are showing relative strength.
Fund flows fluctuate with demand for international diversification to complement US-concentrated portfolios and with the preference for the value factor. Capital flows into non-US assets as a whole tend to move together depending on whether the dollar is strengthening or weakening.
Avantis International Small Cap Value ETF Pros and Cons
Its strengths are low fees and systematic exposure to the value and small-cap factors, while currency exposure and small-cap volatility can work against it.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the Avantis International Small Cap Value ETF
Among the comparison funds shown in the table, EFV is a representative passive ETF in the same developed-market value space, DISV follows a similar international small-cap value strategy, and IVLU covers the international value factor broadly. Beyond the table, you can also consider AVUV, the same manager's US small-cap value ETF, AVES, which extends exposure to emerging markets, and AVDE, which covers non-US markets broadly.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EFV | iShares MSCI EAFE Value ETF | $79.09 | -0.2% | $30.4B | 0.33% | 4.62% | +14.4% |
 DISV | Dimensional International Small Cap Value ETF | $42.68 | -0.0% | $5.1B | 0.42% | 2.66% | +18.5% |
 IVLU | iShares MSCI Intl Value Factor ETF | $42.39 | -0.1% | $4.5B | 0.30% | 3.31% | +16.8% |
 JIVE | JPMorgan International Value ETF | $94.49 | +0.3% | $4.5B | 0.55% | 1.94% | +23.7% |
 JDVI | John Hancock Disciplined Value International Select ETF | $39.53 | +0.4% | $814.1M | 0.69% | 2.16% | +15.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 MYCM | State Street My2033 Corporate Bond ETF | 0.01% | $23.68 | -0.2% | $0.0M | - | 4.9% |
 OGC | OceanaGold Corp | 0.02% | $26.00 | +0.1% | $5.8B | 6.9 | 1.38% |
 MYMI | State Street My2029 Municipal Bond ETF | 0.01% | $24.24 | +0.2% | $0.0M | - | 2.83% |
 BTG | B2gold Corp | 0.01% | $5.12 | +2.8% | $6.8B | 9.4 | 1.56% |
 HBM | Hudbay Minerals Inc | 0.01% | $23.60 | +0.9% | $10.5B | 13.9 | 0.08% |
 CDE | Coeur Mining Inc | 0.01% | $14.42 | +1.5% | $14.8B | 11.8 | 0.28% |
Avantis International Small Cap Value ETF Investor Checkpoints
Here are the points to review before investing in AVDV. Because this product specializes in international small-cap value, it is wise to check in advance its currency exposure, the weighting of small-cap and value factors, and the fee structure that comes with active management.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the fee level for an active ETF | Low relative to peers |
| 🌏 Regional Exposure | Check the weighting of developed markets outside the US | Concentrated outside the US |
| 📊 Factor Exposure | Check the weighting of small-cap and value factors | Maintained |
| 💱 Currency | Impact on returns when converted to won | No currency hedge applied |
Currency moves and the cycles of small-cap and value factors are the main drivers of short-term volatility. During periods when the value factor is weak, performance may trail broad international indexes.
It is an option worth considering for long-term investors who want to add international small-cap value exposure to a US-concentrated portfolio. If passive value exposure is the priority, compare it with EFV, and if you want a similar active international small-cap value strategy, compare it with DISV before deciding.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 21, 2026.
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