AGOX vs. AVTM

Last updated Aug 5, 2026

AGOX (Adaptive Alpha Opportunities ETF) and AVTM (Avantis Total Equity Markets ETF) are both exchange-traded funds - AGOX is a Tactical Allocation fund actively managed by Adaptive, while AVTM is a Global Equities fund actively managed by Avantis. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. AGOX charges 1.33%/yr vs 0.22%/yr for AVTM.

Performance

AGOX vs. AVTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Alpha Opportunities ETF (AGOX) and Avantis Total Equity Markets ETF (AVTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AGOX

• 1D: 3.67%
• 1M: 0.52%
• 6M: 15.82%
• YTD: 20.76%
• 1Y: 18.91%
• 3Y*: 16.26%
• 5Y*: 8.47%
• 10Y*: —
• ALL TIME*: 9.30%

AVTM

• 1D: 1.88%
• 1M: 3.01%
• 6M: 12.71%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGOX Adaptive Alpha Opportunities ETF	$2.86M	$2.80M	$2.80M
AVTM Avantis Total Equity Markets ETF	$148.79K	$336.59K	$220.14K

AGOX vs. AVTM - Yearly Performance Comparison

	2026 (YTD)
AGOX Adaptive Alpha Opportunities ETF	16.22%
AVTM Avantis Total Equity Markets ETF	11.66%

Correlation

The correlation between AGOX and AVTM is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.65

Return for Risk

AGOX vs. AVTM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGOX

AGOX Risk / Return Rank: 36
AGOX Sharpe Ratio Rank: 35
AGOX Sortino Ratio Rank: 37
AGOX Omega Ratio Rank: 36
AGOX Calmar Ratio Rank: 33
AGOX Martin Ratio Rank: 37

AVTM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGOX vs. AVTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and Avantis Total Equity Markets ETF (AVTM). 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.

	AGOX	AVTM	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.24	—	—
Martin ratio: Return relative to average drawdown	4.18	—	—

Drawdowns

AGOX vs. AVTM - Drawdown Comparison

The maximum AGOX drawdown since its inception was -26.93%, which is greater than AVTM's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for AGOX and AVTM.

Drawdown Indicators

	AGOX	AVTM	Difference
Max Drawdown Largest peak-to-trough decline	-26.93%	-9.21%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-15.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.93%	—	—
Current Drawdown Current decline from peak	-2.79%	0.00%	-2.79%
Average Drawdown Average peak-to-trough decline	-8.03%	-1.88%	-6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	—	—

Volatility

Volatility by Period

	AGOX	AVTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	15.87%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	15.87%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	15.87%	+3.82%

AGOX vs. AVTM - Expense Ratio Comparison

AGOX has a 1.33% expense ratio, which is higher than AVTM's 0.22% expense ratio.

Dividends

AGOX vs. AVTM - Dividend Comparison

AGOX's dividend yield for the trailing twelve months is around 2.67%, more than AVTM's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
AGOX Adaptive Alpha Opportunities ETF	2.67%	3.23%	3.94%	0.27%	0.20%	6.36%
AVTM Avantis Total Equity Markets ETF	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGOX and AVTM in my portfolio?

AGOX and AVTM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AGOX or AVTM?

On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AGOX or AVTM?

AVTM is cheaper with a 0.22% expense ratio, compared with 1.33% for AGOX.

Which ETF pays a higher dividend yield, AGOX or AVTM?

AGOX has the higher dividend yield at 2.67%, compared with 0.27% for AVTM.

What is the main difference between AGOX and AVTM?

AGOX is categorized as Tactical Allocation, while AVTM is Global Equities. They also come from different issuers: Adaptive and Avantis. Their fees differ too: 1.33% for AGOX and 0.22% for AVTM.