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AVLC vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVLC vs. USMV

Last updated Jul 14, 2026
Documentation

AVLC (Avantis U.S. Large Cap Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. AVLC is actively managed, while USMV is passively managed. Over the past year, AVLC returned 25.82% vs 7.10% for USMV. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

AVLC vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Equity ETF (AVLC) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVLC achieves a 14.47% return, which is significantly higher than USMV's 4.64% return.

AVLC

1D
-0.68%
1M
0.75%
6M
11.20%
YTD
14.47%
1Y
25.82%
3Y*
—
5Y*
—
10Y*
—

USMV

1D
0.06%
1M
2.16%
6M
3.87%
YTD
4.64%
1Y
7.10%
3Y*
11.43%
5Y*
7.16%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVLC vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023
AVLC
Avantis U.S. Large Cap Equity ETF		14.47%17.57%22.82%11.76%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%7.97%

Correlation

The correlation between AVLC and USMV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2023

0.63

The correlation between AVLC and USMV shifts across timeframes, from 0.46 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

AVLC vs. USMV - Sectors Allocation Comparison

Sectors
AVLC
USMV

Technology

34.2%
33.9%

Financial Services

12.8%
11.7%

Industrials

11.0%
6.1%

Consumer Cyclical

10.7%
5.7%

Communication Services

8.7%
6.2%

Healthcare

7.2%
12.6%

Energy

6.5%
2.7%

Consumer Defensive

4.4%
9.4%

Utilities

2.3%
6.9%

Basic Materials

2.2%
2.4%

Real Estate

0.1%
2.5%

Technology

AVLC
34.2%
USMV
33.9%

Financial Services

AVLC
12.8%
USMV
11.7%

Industrials

AVLC
11.0%
USMV
6.1%

Consumer Cyclical

AVLC
10.7%
USMV
5.7%

Communication Services

AVLC
8.7%
USMV
6.2%

Healthcare

AVLC
7.2%
USMV
12.6%

Energy

AVLC
6.5%
USMV
2.7%

Consumer Defensive

AVLC
4.4%
USMV
9.4%

Utilities

AVLC
2.3%
USMV
6.9%

Basic Materials

AVLC
2.2%
USMV
2.4%

Real Estate

AVLC
0.1%
USMV
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis U.S. Large Cap Equity ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with AVLC:
AVLC vs. VOOAVLC vs. AVUSAVLC vs. AVLVAVLC vs. AVUVAVLC vs. QQQMAVLC vs. SCHGAVLC vs. AVUQ
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

AVLC vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVLC
AVLC Risk / Return Rank: 7979
Overall Rank
AVLC Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
AVLC Sortino Ratio Rank: 7575
Sortino Ratio Rank
AVLC Omega Ratio Rank: 7575
Omega Ratio Rank
AVLC Calmar Ratio Rank: 7878
Calmar Ratio Rank
AVLC Martin Ratio Rank: 8787
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2828
Overall Rank
USMV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMV Omega Ratio Rank: 2525
Omega Ratio Rank
USMV Calmar Ratio Rank: 2828
Calmar Ratio Rank
USMV Martin Ratio Rank: 3131
Martin Ratio Rank
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.

AVLC vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.

AVLCUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.97
0.84

+1.13

Sortino ratioReturn per unit of downside risk
2.69
1.23

+1.45

Omega ratioGain probability vs. loss probability

1.35

1.15

+0.20

Calmar ratioReturn relative to maximum drawdown

3.24

1.10

+2.14

Martin ratioReturn relative to average drawdown

14.34

3.61

+10.73

AVLC vs. USMV - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 1.97, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of AVLC and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVLC vs. USMV - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for AVLC and USMV.

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Drawdown Indicators

AVLCUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-19.64%

-33.10%

+13.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.00%

-6.46%

-1.54%

Max Drawdown (3Y)

Largest decline over 3 years

—

-9.36%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.93%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-0.73%

-0.54%

-0.19%

Average Drawdown

Average peak-to-trough decline

-1.95%

-2.87%

+0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

1.97%

-0.17%

Volatility

AVLC vs. USMV - Volatility Comparison

Avantis U.S. Large Cap Equity ETF (AVLC) has a higher volatility of 4.38% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that AVLC's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVLCUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

2.54%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

10.31%

6.22%

+4.09%

Volatility (1Y)

Calculated over the trailing 1-year period

13.18%

8.48%

+4.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.73%

12.36%

+3.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.73%

14.49%

+1.24%

AVLC vs. USMV - Expense Ratio Comparison

Both AVLC and USMV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVLC vs. USMV - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 0.82%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
AVLC
Avantis U.S. Large Cap Equity ETF		0.82%0.92%1.09%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.48%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

AVLC and USMV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVLC has higher volatility (4.38%) compared to USMV (2.54%). In terms of maximum drawdown, AVLC dropped -19.64% vs USMV's -33.10%.

On 1-year performance, AVLC leads with 25.82% vs 7.10% for USMV. Both ETFs have the same 0.15% expense ratio. On volatility, USMV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, AVLC has performed better with a 25.82% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVLC and USMV have the same expense ratio: 0.15% per year.

USMV has the higher dividend yield at 1.48%, compared with 0.82% for AVLC.

They also come from different issuers: Avantis and iShares.

AVLC currently has the higher Sharpe Ratio (1.97 vs 0.84), 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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