AVDV vs. KMLM
AVDV (Avantis International Small Cap Value ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while KMLM is a Long-Short fund actively managed by CICC. Both are actively managed. Over the past 5 years, AVDV returned 13.33%/yr vs 4.40%/yr for KMLM. At a correlation of -0.06, they often move in opposite directions. AVDV charges 0.36%/yr vs 0.90%/yr for KMLM.
Performance
AVDV vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 13.22% return, which is significantly higher than KMLM's 9.83% return.
AVDV
- 1D
- 0.26%
- 1M
- -2.93%
- YTD
- 13.22%
- 6M
- 16.29%
- 1Y
- 40.16%
- 3Y*
- 26.61%
- 5Y*
- 13.33%
- 10Y*
- —
KMLM
- 1D
- 0.42%
- 1M
- -2.33%
- YTD
- 9.83%
- 6M
- 12.35%
- 1Y
- 12.99%
- 3Y*
- -0.87%
- 5Y*
- 4.40%
- 10Y*
- —
AVDV vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 13.22% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.62% |
KMLM KFA Mount Lucas Index Strategy ETF | 9.83% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.40% |
Correlation
The correlation between AVDV and KMLM is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | -0.06 |
The correlation between AVDV and KMLM shifts across timeframes, from -0.09 (5 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVDV vs. KMLM — Risk / Return Rank
AVDV
KMLM
AVDV vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.
| AVDV | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.21 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.07 | +0.99 |
| Martin ratioReturn relative to average drawdown | 12.34 | 6.61 | +5.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVDV | KMLM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 1.14 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.30 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.48 | +0.29 |
Drawdowns
AVDV vs. KMLM - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for AVDV and KMLM.
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Drawdown Indicators
| AVDV | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -27.47% | -15.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -6.30% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -22.28% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -27.47% | -0.61% |
Current DrawdownCurrent decline from peak | -3.74% | -14.36% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -12.74% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.97% | +1.29% |
Volatility
AVDV vs. KMLM - Volatility Comparison
Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 5.49% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 4.27%. This indicates that AVDV's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.27% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 9.68% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 11.46% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 14.62% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 14.72% | +5.03% |
AVDV vs. KMLM - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
AVDV vs. KMLM - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 2.81%, less than KMLM's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.81% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.57% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% |
Frequently Asked Questions
AVDV and KMLM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDV has higher volatility (5.49%) compared to KMLM (4.27%). In terms of maximum drawdown, AVDV dropped -43.01% vs KMLM's -27.47%.
On 5-year performance, AVDV leads with 13.33% vs 4.40% for KMLM. On fees, AVDV is cheaper at 0.36% per year. On volatility, KMLM has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDV has performed better with a 13.33% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVDV is cheaper with a 0.36% expense ratio, compared with 0.90% for KMLM.
KMLM has the higher dividend yield at 4.57%, compared with 2.81% for AVDV.
AVDV is categorized as Foreign Small & Mid Cap Equities, while KMLM is Long-Short. They also come from different issuers: Avantis and CICC. Their fees differ too: 0.36% for AVDV and 0.90% for KMLM.
AVDV currently has the higher Sharpe Ratio (2.54 vs 1.14), 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.
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