AVGV vs. KNO

Last updated Aug 6, 2026

AVGV (Avantis All Equity Markets Value ETF) and KNO (AXS Knowledge Leaders ETF) are both Global Equities funds. Both are actively managed. Over the past year, AVGV returned 34.41% vs 32.48% for KNO. Their correlation of 0.82 means they have usually moved in the same direction. AVGV charges 0.26%/yr vs 0.84%/yr for KNO.

Performance

AVGV vs. KNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) and AXS Knowledge Leaders ETF (KNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGV achieves a 20.45% return, which is significantly lower than KNO's 25.64% return.

AVGV

• 1D: -0.29%
• 1M: 2.30%
• 6M: 10.43%
• YTD: 20.45%
• 1Y: 34.41%
• 3Y*: 20.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.67%

KNO

• 1D: 0.37%
• 1M: 1.71%
• 6M: 17.68%
• YTD: 25.64%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.54%

*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)
AVGV Avantis All Equity Markets Value ETF	$5.59M	$4.75M	$4.07M
KNO AXS Knowledge Leaders ETF	$33.95K	$26.25K	$36.90K

AVGV vs. KNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVGV Avantis All Equity Markets Value ETF	20.45%	22.57%	2.12%
KNO AXS Knowledge Leaders ETF	25.64%	19.84%	-1.19%

Correlation

The correlation between AVGV and KNO is 0.80, 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.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024	0.82

The correlation between AVGV and KNO has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

AVGV vs. KNO - Sectors Allocation Comparison

Sectors	AVGV	KNO
Financial Services	24.0%	1.8%
Industrials	16.3%	22.9%
Consumer Cyclical	14.4%	5.8%
Technology	11.8%	38.5%
Energy	11.5%	4.2%
Basic Materials	6.6%	6.5%
Consumer Defensive	5.0%	3.3%
Communication Services	4.8%	1.2%
Healthcare	4.3%	13.6%
Real Estate	0.7%	0.8%
Utilities	0.6%	1.5%

Return for Risk

AVGV vs. KNO — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 91
AVGV Sharpe Ratio Rank: 93
AVGV Sortino Ratio Rank: 92
AVGV Omega Ratio Rank: 91
AVGV Calmar Ratio Rank: 90
AVGV Martin Ratio Rank: 91

KNO

KNO Risk / Return Rank: 70
KNO Sharpe Ratio Rank: 69
KNO Sortino Ratio Rank: 69
KNO Omega Ratio Rank: 70
KNO Calmar Ratio Rank: 70
KNO Martin Ratio Rank: 72

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.

AVGV vs. KNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) and AXS Knowledge Leaders ETF (KNO). 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	KNO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.81	+0.80
Sortino ratio: Return per unit of downside risk	3.64	2.56	+1.08
Omega ratio: Gain probability vs. loss probability	1.47	1.33	+0.14
Calmar ratio: Return relative to maximum drawdown	4.26	2.80	+1.46
Martin ratio: Return relative to average drawdown	16.66	10.14	+6.51

AVGV vs. KNO - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.62, which is higher than the KNO Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of AVGV and KNO, 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. KNO - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, which is greater than KNO's maximum drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for AVGV and KNO.

Drawdown Indicators

	AVGV	KNO	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-15.50%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-11.67%	+3.55%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	—	—
Current Drawdown Current decline from peak	-0.29%	-1.08%	+0.79%
Average Drawdown Average peak-to-trough decline	-2.23%	-2.99%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.21%	-1.14%

Volatility

AVGV vs. KNO - Volatility Comparison

The current volatility for Avantis All Equity Markets Value ETF (AVGV) is 3.09%, while AXS Knowledge Leaders ETF (KNO) has a volatility of 5.14%. This indicates that AVGV experiences smaller price fluctuations and is considered to be less risky than KNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	KNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	5.14%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	16.18%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	18.00%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	17.41%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	17.41%	-2.55%

AVGV vs. KNO - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is lower than KNO's 0.84% expense ratio.

Dividends

AVGV vs. KNO - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.59%, more than KNO's 0.86% yield.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	1.59%	1.98%	2.32%	1.14%
KNO AXS Knowledge Leaders ETF	0.86%	1.08%	3.13%	0.00%

Frequently Asked Questions

Can I hold both AVGV and KNO in my portfolio?

AVGV and KNO have a correlation of 0.80, 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 KNO?

KNO has higher volatility (5.14%) compared to AVGV (3.09%). In terms of maximum drawdown, AVGV dropped -17.03% vs KNO's -15.50%.

Which ETF is better, AVGV or KNO?

On 1-year performance, AVGV leads with 34.41% vs 32.48% for KNO. On fees, AVGV is cheaper at 0.26% per year. On volatility, AVGV has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or KNO?

Over the 1-year period, AVGV has performed better with a 34.41% return vs 32.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or KNO?

AVGV is cheaper with a 0.26% expense ratio, compared with 0.84% for KNO.

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

AVGV has the higher dividend yield at 1.59%, compared with 0.86% for KNO.

What is the main difference between AVGV and KNO?

They also come from different issuers: Avantis and AXS. Their fees differ too: 0.26% for AVGV and 0.84% for KNO.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.62 vs 1.81), 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.