AUIAX vs. AVLV

Last updated Jun 5, 2026

AUIAX (AB Equity Income Fund) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. Over the past 3 years, AUIAX returned 20.55%/yr vs 23.56%/yr for AVLV. Their correlation of 0.91 suggests significant overlap in exposure. AUIAX charges 0.97%/yr vs 0.15%/yr for AVLV.

Performance

AUIAX vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Equity Income Fund (AUIAX) 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, AUIAX achieves a 12.48% return, which is significantly lower than AVLV's 20.96% return.

AUIAX

• 1D: -0.30%
• 1M: 3.16%
• YTD: 12.48%
• 6M: 12.80%
• 1Y: 29.46%
• 3Y*: 20.55%
• 5Y*: 12.88%
• 10Y*: 12.39%

AVLV

• 1D: 0.26%
• 1M: 4.59%
• YTD: 20.96%
• 6M: 22.23%
• 1Y: 39.78%
• 3Y*: 23.56%
• 5Y*: —
• 10Y*: —

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

AUIAX vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AUIAX AB Equity Income Fund	12.48%	17.97%	17.48%	22.48%	-10.26%	6.24%
AVLV Avantis U.S. Large Cap Value ETF	20.96%	15.12%	17.49%	17.43%	-5.53%	5.92%

Correlation

The correlation between AUIAX and AVLV is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.91

The correlation between AUIAX and AVLV has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

AUIAX vs. AVLV — Risk / Return Rank

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

AUIAX

AUIAX Risk / Return Rank: 79
AUIAX Sharpe Ratio Rank: 82
AUIAX Sortino Ratio Rank: 77
AUIAX Omega Ratio Rank: 72
AUIAX Calmar Ratio Rank: 81
AUIAX Martin Ratio Rank: 85

AVLV

AVLV Risk / Return Rank: 92
AVLV Sharpe Ratio Rank: 92
AVLV Sortino Ratio Rank: 92
AVLV Omega Ratio Rank: 91
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

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.

AUIAX vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Equity Income Fund (AUIAX) 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.

	AUIAX	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	2.65	3.26	-0.62
Sortino ratio: Return per unit of downside risk	3.68	4.50	-0.82
Omega ratio: Gain probability vs. loss probability	1.47	1.59	-0.12
Calmar ratio: Return relative to maximum drawdown	3.63	6.25	-2.62
Martin ratio: Return relative to average drawdown	15.68	25.03	-9.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUIAX vs. AVLV - Sharpe Ratio Comparison

The current AUIAX Sharpe Ratio is 2.65, which is comparable to the AVLV Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of AUIAX 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.

Sharpe Ratios by Period

	AUIAX	AVLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	3.26	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.87	-0.25

Drawdowns

AUIAX vs. AVLV - Drawdown Comparison

The maximum AUIAX drawdown since its inception was -46.97%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for AUIAX and AVLV.

Drawdown Indicators

	AUIAX	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-46.97%	-19.50%	-27.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-6.39%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-20.88%	-19.50%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.81%	—	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-7.94%	-3.93%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.59%	+0.29%

Volatility

AUIAX vs. AVLV - Volatility Comparison

The current volatility for AB Equity Income Fund (AUIAX) is 2.63%, while Avantis U.S. Large Cap Value ETF (AVLV) has a volatility of 2.90%. This indicates that AUIAX experiences smaller price fluctuations and is considered to be less risky than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUIAX	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.90%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	9.04%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	12.27%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	17.34%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	17.34%	-0.04%

AUIAX vs. AVLV - Expense Ratio Comparison

AUIAX has a 0.97% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

AUIAX vs. AVLV - Dividend Comparison

AUIAX's dividend yield for the trailing twelve months is around 7.13%, more than AVLV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUIAX AB Equity Income Fund	7.13%	8.11%	10.53%	2.68%	7.73%	16.44%	2.65%	5.61%	13.48%	5.38%	2.85%	5.39%
AVLV Avantis U.S. Large Cap Value ETF	1.06%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AUIAX and AVLV in my portfolio?

AUIAX and AVLV have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUIAX or AVLV?

AVLV has higher volatility (2.90%) compared to AUIAX (2.63%). In terms of maximum drawdown, AUIAX dropped -46.97% vs AVLV's -19.50%.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.26 vs 2.65), 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.