AVES vs BWX

Comparison between AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF) and SPDR Bloomberg International Treasury Bond ETF (BWX, ETF).

5-Year PerformanceAVES has outperformed BWX, delivering a return of +10.4% compared to -4.1%

AVES vs BWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AVES(ETF)	BWX(ETF)
Net Assets	$1.40B	$1.50B
Expense Ratio	0.36%	0.35%
Max Drawdown	28.22%	35.95%
Sharpe Ratio	2.12	-0.35
5Y Beta	0.66	0.00
5Y Dividends CAGR	N/A	14.53%

Net Assets

AVES

$1.40B

Winner

BWX

$1.50B

Expense Ratio

AVES

0.36%

Winner

BWX

0.35%

Max Drawdown

Winner

AVES

28.22%

BWX

35.95%

Sharpe Ratio

Winner

AVES

2.12

BWX

-0.35

5Y Beta

AVES

0.66

Winner

BWX

0.00

5Y Dividends CAGR

AVES

N/A

BWX

14.53%

AVES vs BWX - Historical Returns

Returns include dividend reinvestment.

Period	AVES	BWX
1 month	+6.78%	+0.74%
3 months	+3.93%	-2.39%
6 months	+17.50%	-0.57%
1 year	+40.66%	+2.03%
5 years(CAGR)	+10.35%	-4.10%
10 years(CAGR)	N/A	-1.07%
Max(CAGR)	+10.35%	+0.60%

Winner

AVES

+6.78%

BWX

+0.74%

Winner

AVES

+3.93%

BWX

-2.39%

Winner

AVES

+17.50%

BWX

-0.57%

Winner

AVES

+40.66%

BWX

+2.03%

5Y(CAGR)

Winner

AVES

+10.35%

BWX

-4.10%

10Y(CAGR)

AVES

N/A

BWX

-1.07%

Max(CAGR)

Winner

AVES

+10.35%

BWX

+0.60%

AVES vs BWX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	AVES	BWX
2026	+14.50%	-0.10%
2025	+30.47%	+8.27%
2024	+5.94%	-5.03%
2023	+16.19%	+5.34%
2022	-16.49%	-18.75%
2021	+1.32%	-9.16%
2020	N/A	+9.62%
2019	N/A	+5.62%
2018	N/A	-2.40%
2017	N/A	+11.31%
2016	N/A	+0.66%
2015	N/A	-6.28%
2014	N/A	-1.91%
2013	N/A	-3.28%
2012	N/A	+4.56%
2011	N/A	+4.00%
2010	N/A	+3.73%
2009	N/A	+6.31%
2008	N/A	+3.55%
2007	N/A	+3.97%

AVES vs BWX Drawdown Comparison

The maximum drawdown for AVES was -27.41%, occurring on Oct 24, 2022. Recovery took 560 trading sessions.

The maximum drawdown for BWX was -34.05%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current AVES drawdown is -0.06%. The current BWX drawdown is -22.75%.

Rank	AVES	BWX
#1	-27.41% Jan 12, 2022 - Apr 8, 2024	-34.05% Jan 5, 2021 - Oct 20, 2022
#2	-18.49% Oct 2, 2024 - Jun 4, 2025	-23.01% Mar 14, 2008 - Sep 8, 2009
#3	-12.90% Feb 25, 2026 - May 6, 2026	-15.41% Jul 1, 2014 - Mar 3, 2020
#4	-8.51% Jul 12, 2024 - Sep 24, 2024	-13.37% Mar 9, 2020 - Jul 27, 2020
#5	-5.43% Oct 25, 2021 - Jan 11, 2022	-12.97% Dec 1, 2009 - Oct 1, 2010
#6	-4.76% Apr 9, 2024 - May 2, 2024	-9.13% Oct 17, 2012 - May 6, 2014
#7	-4.68% May 17, 2024 - Jul 11, 2024	-8.63% Nov 4, 2010 - Apr 27, 2011
#8	-4.55% Sep 17, 2025 - Oct 23, 2025	-8.10% Aug 23, 2011 - Sep 11, 2012
#9	-3.87% Nov 12, 2025 - Dec 22, 2025	-4.57% Nov 26, 2007 - Jan 14, 2008
#10	-3.72% Jul 23, 2025 - Aug 13, 2025	-3.41% May 2, 2011 - Jun 3, 2011
#11	-2.63% Jun 12, 2025 - Jun 24, 2025	-3.37% Jun 7, 2011 - Aug 9, 2011
#12	-2.40% Jan 28, 2026 - Feb 9, 2026	-2.68% Oct 14, 2010 - Nov 4, 2010
#13	-2.21% Oct 27, 2025 - Nov 10, 2025	-1.78% Aug 6, 2020 - Oct 21, 2020
#14	-1.92% Oct 1, 2021 - Oct 14, 2021	-1.69% Oct 8, 2009 - Nov 9, 2009
#15	-1.85% Aug 22, 2025 - Sep 8, 2025	-1.47% Feb 1, 2008 - Feb 27, 2008

Correlation

Correlation between AVES and BWX is 0.23 which considered as a very weak or no correlation - the stocks move independently of each other.

0.23

-101

Dividend Comparison (2007 - 2026)

AVES vs BWX dividend yield comparison.

Year	AVES	BWX
2026	0.10%	0.76%
2025	3.17%	2.19%
2024	4.09%	1.99%
2023	3.96%	1.62%
2022	3.70%	1.23%
2021	0.62%	0.93%
2020	0.00%	0.95%
2019	0.00%	1.16%
2018	0.00%	1.07%
2017	0.00%	0.46%
2014	0.00%	1.77%
2013	0.00%	1.88%
2012	0.00%	1.80%
2011	0.00%	3.35%
2010	0.00%	1.08%
2009	0.00%	0.87%
2008	0.00%	2.98%
2007	0.00%	0.59%