AFOS vs. AVIE

Last updated Jul 12, 2026

AFOS (ARS Focused Opportunities Strategy ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. Over the past year, AFOS returned 72.46% vs 24.60% for AVIE. At a 0.11 correlation, their price movements are largely independent. AFOS charges 0.45%/yr vs 0.25%/yr for AVIE.

Performance

AFOS vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARS Focused Opportunities Strategy ETF (AFOS) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFOS achieves a 31.41% return, which is significantly higher than AVIE's 15.72% return.

AFOS

• 1D: -0.14%
• 1M: 2.51%
• 6M: 24.15%
• YTD: 31.41%
• 1Y: 72.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 0.00%
• 1M: 1.25%
• 6M: 13.13%
• YTD: 15.72%
• 1Y: 24.60%
• 3Y*: 13.01%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFOS vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025
AFOS ARS Focused Opportunities Strategy ETF	31.41%	37.10%
AVIE Avantis Inflation Focused Equity ETF	15.72%	9.76%

Correlation

The correlation between AFOS and AVIE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.11

Return for Risk

AFOS vs. AVIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFOS

AFOS Risk / Return Rank: 95
AFOS Sharpe Ratio Rank: 96
AFOS Sortino Ratio Rank: 94
AFOS Omega Ratio Rank: 94
AFOS Calmar Ratio Rank: 95
AFOS Martin Ratio Rank: 96

AVIE

AVIE Risk / Return Rank: 90
AVIE Sharpe Ratio Rank: 90
AVIE Sortino Ratio Rank: 91
AVIE Omega Ratio Rank: 87
AVIE Calmar Ratio Rank: 92
AVIE Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFOS vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARS Focused Opportunities Strategy ETF (AFOS) and Avantis Inflation Focused Equity ETF (AVIE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFOS	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	3.35	2.39	+0.97
Sortino ratio: Return per unit of downside risk	4.05	3.47	+0.58
Omega ratio: Gain probability vs. loss probability	1.54	1.42	+0.12
Calmar ratio: Return relative to maximum drawdown	6.40	4.88	+1.52
Martin ratio: Return relative to average drawdown	28.22	15.14	+13.08

AFOS vs. AVIE - Sharpe Ratio Comparison

The current AFOS Sharpe Ratio is 3.35, which is higher than the AVIE Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of AFOS and AVIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFOS vs. AVIE - Drawdown Comparison

The maximum AFOS drawdown since its inception was -11.52%, smaller than the maximum AVIE drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for AFOS and AVIE.

Drawdown Indicators

	AFOS	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-11.52%	-12.39%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.52%	-4.97%	-6.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-3.93%	-1.10%	-2.83%
Average Drawdown Average peak-to-trough decline	-1.52%	-2.97%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	1.65%	+0.96%

Volatility

AFOS vs. AVIE - Volatility Comparison

ARS Focused Opportunities Strategy ETF (AFOS) has a higher volatility of 9.26% compared to Avantis Inflation Focused Equity ETF (AVIE) at 3.55%. This indicates that AFOS's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFOS	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	3.55%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	18.39%	7.46%	+10.93%
Volatility (1Y) Calculated over the trailing 1-year period	21.99%	10.16%	+11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	12.90%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	12.90%	+8.80%

AFOS vs. AVIE - Expense Ratio Comparison

AFOS has a 0.45% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

AFOS vs. AVIE - Dividend Comparison

AFOS's dividend yield for the trailing twelve months is around 0.23%, less than AVIE's 1.43% yield.

Position	TTM	2025	2024	2023	2022
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%	0.00%	0.00%	0.00%
AVIE Avantis Inflation Focused Equity ETF	1.43%	1.75%	1.89%	3.72%	0.39%

Frequently Asked Questions

Can I hold both AFOS and AVIE in my portfolio?

AFOS and AVIE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFOS or AVIE?

AFOS has higher volatility (9.26%) compared to AVIE (3.55%). In terms of maximum drawdown, AFOS dropped -11.52% vs AVIE's -12.39%.

Which ETF is better, AFOS or AVIE?

On 1-year performance, AFOS leads with 72.46% vs 24.60% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFOS or AVIE?

Over the 1-year period, AFOS has performed better with a 72.46% return vs 24.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFOS or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.45% for AFOS.

Which ETF pays a higher dividend yield, AFOS or AVIE?

AVIE has the higher dividend yield at 1.43%, compared with 0.23% for AFOS.

What is the main difference between AFOS and AVIE?

They also come from different issuers: ARS Investment Partners and Avantis. Their fees differ too: 0.45% for AFOS and 0.25% for AVIE.

Which has better risk-adjusted returns?

AFOS currently has the higher Sharpe Ratio (3.35 vs 2.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.