AVIE vs. FEAC

Last updated Aug 4, 2026

AVIE (Avantis Inflation Focused Equity ETF) and FEAC (Fidelity Enhanced U.S. All-Cap Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, AVIE returned 31.22% vs 26.82% for FEAC. Their 0.30 correlation means their historical movements had little consistent relationship. AVIE charges 0.25%/yr vs 0.18%/yr for FEAC.

Performance

AVIE vs. FEAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Inflation Focused Equity ETF (AVIE) and Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIE achieves a 17.73% return, which is significantly higher than FEAC's 13.75% return.

AVIE

• 1D: -0.57%
• 1M: 1.80%
• 6M: 11.12%
• YTD: 17.73%
• 1Y: 31.22%
• 3Y*: 12.51%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.28%

FEAC

• 1D: 1.27%
• 1M: 2.23%
• 6M: 11.74%
• YTD: 13.75%
• 1Y: 26.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.62%

*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)
AVIE Avantis Inflation Focused Equity ETF	$128.23K	$114.60K	$100.90K
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	$171.42K	$651.35K	$554.45K

AVIE vs. FEAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVIE Avantis Inflation Focused Equity ETF	17.73%	11.37%	-5.95%
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	13.75%	18.01%	-1.87%

Correlation

The correlation between AVIE and FEAC is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.30

The correlation between AVIE and FEAC shifts across timeframes, from 0.13 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVIE vs. FEAC — Risk / Return Rank

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

AVIE

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

FEAC

FEAC Risk / Return Rank: 82
FEAC Sharpe Ratio Rank: 82
FEAC Sortino Ratio Rank: 79
FEAC Omega Ratio Rank: 80
FEAC Calmar Ratio Rank: 83
FEAC Martin Ratio Rank: 87

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.

AVIE vs. FEAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Inflation Focused Equity ETF (AVIE) and Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC). 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.

	AVIE	FEAC	Difference
Sharpe ratio: Return per unit of total volatility	3.15	2.00	+1.14
Sortino ratio: Return per unit of downside risk	4.59	2.71	+1.89
Omega ratio: Gain probability vs. loss probability	1.56	1.35	+0.21
Calmar ratio: Return relative to maximum drawdown	6.31	3.31	+3.01
Martin ratio: Return relative to average drawdown	21.51	13.49	+8.02

AVIE vs. FEAC - Sharpe Ratio Comparison

The current AVIE Sharpe Ratio is 3.15, which is higher than the FEAC Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of AVIE and FEAC, 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

AVIE vs. FEAC - Drawdown Comparison

The maximum AVIE drawdown since its inception was -12.39%, smaller than the maximum FEAC drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for AVIE and FEAC.

Drawdown Indicators

	AVIE	FEAC	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-18.96%	+6.57%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-8.15%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Current Drawdown Current decline from peak	-1.45%	0.00%	-1.45%
Average Drawdown Average peak-to-trough decline	-2.93%	-2.45%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.99%	-0.53%

Volatility

AVIE vs. FEAC - Volatility Comparison

The current volatility for Avantis Inflation Focused Equity ETF (AVIE) is 3.03%, while Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) has a volatility of 3.54%. This indicates that AVIE experiences smaller price fluctuations and is considered to be less risky than FEAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIE	FEAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.54%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	10.47%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	13.48%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	17.30%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	17.30%	-4.45%

AVIE vs. FEAC - Expense Ratio Comparison

AVIE has a 0.25% expense ratio, which is higher than FEAC's 0.18% 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

AVIE vs. FEAC - Dividend Comparison

AVIE's dividend yield for the trailing twelve months is around 1.41%, more than FEAC's 0.76% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.41%	1.75%	1.89%	3.72%	0.39%
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	0.76%	0.94%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVIE and FEAC in my portfolio?

AVIE and FEAC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIE or FEAC?

FEAC has higher volatility (3.54%) compared to AVIE (3.03%). In terms of maximum drawdown, AVIE dropped -12.39% vs FEAC's -18.96%.

Which ETF is better, AVIE or FEAC?

On 1-year performance, AVIE leads with 31.22% vs 26.82% for FEAC. On fees, FEAC is cheaper at 0.18% per year. On volatility, AVIE has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIE or FEAC?

Over the 1-year period, AVIE has performed better with a 31.22% return vs 26.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIE or FEAC?

FEAC is cheaper with a 0.18% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, AVIE or FEAC?

AVIE has the higher dividend yield at 1.41%, compared with 0.76% for FEAC.

What is the main difference between AVIE and FEAC?

They also come from different issuers: Avantis and Fidelity. Their fees differ too: 0.25% for AVIE and 0.18% for FEAC.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (3.15 vs 2.00), 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.