AVGV vs. ACWV

Last updated Jul 14, 2026

AVGV (Avantis All Equity Markets Value ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds. AVGV is actively managed, while ACWV is passively managed. Over the past 3 years, AVGV returned 20.08%/yr vs 9.88%/yr for ACWV. A 0.67 correlation means they provide meaningful diversification when combined. AVGV charges 0.26%/yr vs 0.20%/yr for ACWV.

Performance

AVGV vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGV achieves a 17.20% return, which is significantly higher than ACWV's 3.83% return.

AVGV

• 1D: -0.39%
• 1M: -0.90%
• 6M: 12.48%
• YTD: 17.20%
• 1Y: 30.43%
• 3Y*: 20.08%
• 5Y*: —
• 10Y*: —

ACWV

• 1D: -0.15%
• 1M: 0.92%
• 6M: 2.66%
• YTD: 3.83%
• 1Y: 6.41%
• 3Y*: 9.88%
• 5Y*: 5.49%
• 10Y*: 7.02%

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

AVGV vs. ACWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	17.20%	22.57%	11.26%	11.88%
ACWV iShares MSCI Global Min Vol Factor ETF	3.83%	11.04%	11.38%	4.81%

Correlation

The correlation between AVGV and ACWV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.67

The correlation between AVGV and ACWV has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

AVGV vs. ACWV - Sectors Allocation Comparison

Sectors	AVGV	ACWV
Financial Services	21.3%	13.2%
Industrials	16.2%	8.1%
Consumer Cyclical	14.7%	5.1%
Energy	12.4%	3.7%
Technology	12.1%	25.8%
Basic Materials	7.2%	1.5%
Consumer Defensive	5.2%	9.8%
Communication Services	5.0%	11.9%
Healthcare	4.5%	13.0%
Real Estate	0.7%	0.6%
Utilities	0.7%	7.3%

Return for Risk

AVGV vs. ACWV — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 87
AVGV Sharpe Ratio Rank: 88
AVGV Sortino Ratio Rank: 88
AVGV Omega Ratio Rank: 86
AVGV Calmar Ratio Rank: 85
AVGV Martin Ratio Rank: 87

ACWV

ACWV Risk / Return Rank: 26
ACWV Sharpe Ratio Rank: 27
ACWV Sortino Ratio Rank: 25
ACWV Omega Ratio Rank: 25
ACWV Calmar Ratio Rank: 26
ACWV Martin Ratio Rank: 27

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.

AVGV vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.

	AVGV	ACWV	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.80	+1.50
Sortino ratio: Return per unit of downside risk	3.22	1.18	+2.04
Omega ratio: Gain probability vs. loss probability	1.41	1.15	+0.27
Calmar ratio: Return relative to maximum drawdown	3.76	1.01	+2.75
Martin ratio: Return relative to average drawdown	14.46	2.89	+11.57

AVGV vs. ACWV - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.30, which is higher than the ACWV Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of AVGV and ACWV, 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

AVGV vs. ACWV - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, smaller than the maximum ACWV drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for AVGV and ACWV.

Drawdown Indicators

	AVGV	ACWV	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-28.82%	+11.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-6.37%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-7.56%	-9.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-1.38%	-1.52%	+0.14%
Average Drawdown Average peak-to-trough decline	-2.26%	-3.11%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.22%	-0.11%

Volatility

AVGV vs. ACWV - Volatility Comparison

Avantis All Equity Markets Value ETF (AVGV) has a higher volatility of 3.77% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 3.17%. This indicates that AVGV's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	ACWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	3.17%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	6.23%	+4.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	8.07%	+5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	10.27%	+4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	12.29%	+2.64%

AVGV vs. ACWV - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is higher than ACWV's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVGV vs. ACWV - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.63%, less than ACWV's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	1.93%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
AVGV Avantis All Equity Markets Value ETF	1.63%	1.98%	2.32%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGV and ACWV in my portfolio?

AVGV and ACWV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or ACWV?

AVGV has higher volatility (3.77%) compared to ACWV (3.17%). In terms of maximum drawdown, AVGV dropped -17.03% vs ACWV's -28.82%.

Which ETF is better, AVGV or ACWV?

On 3-year performance, AVGV leads with 20.08% vs 9.88% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or ACWV?

Over the 3-year period, AVGV has performed better with a 20.08% return vs 9.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or ACWV?

ACWV is cheaper with a 0.20% expense ratio, compared with 0.26% for AVGV.

Which ETF pays a higher dividend yield, AVGV or ACWV?

ACWV has the higher dividend yield at 1.93%, compared with 1.63% for AVGV.

What is the main difference between AVGV and ACWV?

They also come from different issuers: Avantis and iShares. Their fees differ too: 0.26% for AVGV and 0.20% for ACWV.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.30 vs 0.80), 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.