ASLV vs. AVLV

Last updated Aug 2, 2026

ASLV (Allspring Special Large Value ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, ASLV returned 18.56% vs 36.52% for AVLV. Their correlation of 0.84 means they have usually moved in the same direction. ASLV charges 0.35%/yr vs 0.15%/yr for AVLV.

Performance

ASLV vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Large Value ETF (ASLV) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASLV achieves a 9.77% return, which is significantly lower than AVLV's 22.36% return.

ASLV

• 1D: 1.09%
• 1M: 1.29%
• 6M: 5.90%
• YTD: 9.77%
• 1Y: 18.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.17%

AVLV

• 1D: 0.14%
• 1M: 1.46%
• 6M: 14.50%
• YTD: 22.36%
• 1Y: 36.52%
• 3Y*: 19.98%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.77%

*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)
ASLV Allspring Special Large Value ETF	$59.50K	$94.79K	$123.79K
AVLV Avantis U.S. Large Cap Value ETF	$109.53M	$106.09M	$152.15M

ASLV vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025
ASLV Allspring Special Large Value ETF	9.77%	14.02%
AVLV Avantis U.S. Large Cap Value ETF	22.36%	15.44%

Correlation

The correlation between ASLV and AVLV is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.84

The correlation between ASLV and AVLV has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

ASLV vs. AVLV — Risk / Return Rank

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

ASLV

ASLV Risk / Return Rank: 60
ASLV Sharpe Ratio Rank: 62
ASLV Sortino Ratio Rank: 63
ASLV Omega Ratio Rank: 58
ASLV Calmar Ratio Rank: 57
ASLV Martin Ratio Rank: 60

AVLV

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

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.

ASLV vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Large Value ETF (ASLV) and Avantis U.S. Large Cap Value ETF (AVLV). 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.

	ASLV	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.79	-1.33
Sortino ratio: Return per unit of downside risk	2.11	3.87	-1.76
Omega ratio: Gain probability vs. loss probability	1.26	1.51	-0.25
Calmar ratio: Return relative to maximum drawdown	2.05	5.42	-3.37
Martin ratio: Return relative to average drawdown	7.23	21.95	-14.71

ASLV vs. AVLV - Sharpe Ratio Comparison

The current ASLV Sharpe Ratio is 1.46, which is lower than the AVLV Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of ASLV and AVLV, 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

ASLV vs. AVLV - Drawdown Comparison

The maximum ASLV drawdown since its inception was -10.98%, smaller than the maximum AVLV drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for ASLV and AVLV.

Drawdown Indicators

	ASLV	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-19.50%	+8.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-6.39%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.50%	—
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.65%	-3.82%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	1.58%	+0.87%

Volatility

ASLV vs. AVLV - Volatility Comparison

Allspring Special Large Value ETF (ASLV) has a higher volatility of 3.38% compared to Avantis U.S. Large Cap Value ETF (AVLV) at 2.35%. This indicates that ASLV's price experiences larger fluctuations and is considered to be riskier than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASLV	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.35%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	8.87%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	12.41%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	17.18%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	17.18%	-2.28%

ASLV vs. AVLV - Expense Ratio Comparison

ASLV has a 0.35% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

ASLV vs. AVLV - Dividend Comparison

ASLV's dividend yield for the trailing twelve months is around 0.79%, less than AVLV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021
ASLV Allspring Special Large Value ETF	0.79%	0.87%	0.00%	0.00%	0.00%	0.00%
AVLV Avantis U.S. Large Cap Value ETF	1.06%	1.33%	1.58%	1.85%	2.00%	0.29%

Frequently Asked Questions

Can I hold both ASLV and AVLV in my portfolio?

ASLV and AVLV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASLV or AVLV?

ASLV has higher volatility (3.38%) compared to AVLV (2.35%). In terms of maximum drawdown, ASLV dropped -10.98% vs AVLV's -19.50%.

Which ETF is better, ASLV or AVLV?

On 1-year performance, AVLV leads with 36.52% vs 18.56% for ASLV. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASLV or AVLV?

Over the 1-year period, AVLV has performed better with a 36.52% return vs 18.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASLV or AVLV?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.35% for ASLV.

Which ETF pays a higher dividend yield, ASLV or AVLV?

AVLV has the higher dividend yield at 1.06%, compared with 0.79% for ASLV.

What is the main difference between ASLV and AVLV?

They also come from different issuers: Allspring and Avantis. Their fees differ too: 0.35% for ASLV and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (2.79 vs 1.46), 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.