AVLV vs. AVLC

Last updated Jun 4, 2026

AVLV (Avantis U.S. Large Cap Value ETF) and AVLC (Avantis U.S. Large Cap Equity ETF) are both exchange-traded funds - AVLV is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while AVLC is a Large Cap Blend Equities fund actively managed by American Century. AVLV is passively managed, while AVLC is actively managed. Over the past year, AVLV returned 38.77% vs 32.71% for AVLC. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

AVLV vs. AVLC - Performance Comparison

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

Returns By Period

In the year-to-date period, AVLV achieves a 20.64% return, which is significantly higher than AVLC's 14.81% return.

AVLV

• 1D: 0.14%
• 1M: 5.75%
• YTD: 20.64%
• 6M: 22.01%
• 1Y: 38.77%
• 3Y*: 23.23%
• 5Y*: —
• 10Y*: —

AVLC

• 1D: -0.43%
• 1M: 5.65%
• YTD: 14.81%
• 6M: 15.10%
• 1Y: 32.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVLV vs. AVLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLV Avantis U.S. Large Cap Value ETF	20.64%	15.12%	17.49%	9.52%
AVLC Avantis U.S. Large Cap Equity ETF	14.81%	17.57%	22.82%	12.05%

Correlation

The correlation between AVLV and AVLC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.90

The correlation between AVLV and AVLC has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

AVLV vs. AVLC - Sectors Allocation Comparison

Sectors	AVLV	AVLC
Technology	17.2%	32.6%
Financial Services	16.3%	13.1%
Industrials	15.4%	10.8%
Energy	14.4%	7.3%
Consumer Cyclical	14.1%	10.3%
Consumer Defensive	7.7%	4.8%
Communication Services	6.9%	8.7%
Healthcare	5.6%	7.2%
Basic Materials	2.0%	2.3%
Utilities	0.3%	2.7%
Real Estate	0.1%	0.2%

Return for Risk

AVLV vs. AVLC — Risk / Return Rank

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

AVLV

AVLV Risk / Return Rank: 91
AVLV Sharpe Ratio Rank: 90
AVLV Sortino Ratio Rank: 91
AVLV Omega Ratio Rank: 89
AVLV Calmar Ratio Rank: 91
AVLV Martin Ratio Rank: 93

AVLC

AVLC Risk / Return Rank: 81
AVLC Sharpe Ratio Rank: 80
AVLC Sortino Ratio Rank: 79
AVLC Omega Ratio Rank: 78
AVLC Calmar Ratio Rank: 79
AVLC Martin Ratio Rank: 87

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.

AVLV vs. AVLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value ETF (AVLV) and Avantis U.S. Large Cap Equity ETF (AVLC). 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.

	AVLV	AVLC	Difference
Sharpe ratio: Return per unit of total volatility	3.18	2.65	+0.52
Sortino ratio: Return per unit of downside risk	4.39	3.59	+0.81
Omega ratio: Gain probability vs. loss probability	1.57	1.48	+0.10
Calmar ratio: Return relative to maximum drawdown	6.09	4.11	+1.99
Martin ratio: Return relative to average drawdown	24.39	18.96	+5.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVLV vs. AVLC - Sharpe Ratio Comparison

The current AVLV Sharpe Ratio is 3.18, which is comparable to the AVLC Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of AVLV and AVLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVLV	AVLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	2.65	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.67	-0.81

Drawdowns

AVLV vs. AVLC - Drawdown Comparison

The maximum AVLV drawdown since its inception was -19.50%, roughly equal to the maximum AVLC drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for AVLV and AVLC.

Drawdown Indicators

	AVLV	AVLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-19.64%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-8.00%	+1.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.50%	—	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.93%	-1.97%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.73%	-0.14%

Volatility

AVLV vs. AVLC - Volatility Comparison

Avantis U.S. Large Cap Value ETF (AVLV) and Avantis U.S. Large Cap Equity ETF (AVLC) have volatilities of 3.12% and 3.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLV	AVLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.02%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	9.25%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	12.40%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	15.69%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	15.69%	+1.66%

AVLV vs. AVLC - Expense Ratio Comparison

Both AVLV and AVLC 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

AVLV vs. AVLC - Dividend Comparison

AVLV's dividend yield for the trailing twelve months is around 1.07%, more than AVLC's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLC Avantis U.S. Large Cap Equity ETF	0.78%	0.92%	1.09%	0.38%	0.00%	0.00%
AVLV Avantis U.S. Large Cap Value ETF	1.07%	1.33%	1.58%	1.85%	2.00%	0.29%

Frequently Asked Questions

Can I hold both AVLV and AVLC in my portfolio?

AVLV and AVLC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLV or AVLC?

AVLV has higher volatility (3.12%) compared to AVLC (3.02%). In terms of maximum drawdown, AVLV dropped -19.50% vs AVLC's -19.64%.

Which ETF is better, AVLV or AVLC?

On 1-year performance, AVLV leads with 38.77% vs 32.71% for AVLC. Both ETFs have the same 0.15% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLV or AVLC?

Over the 1-year period, AVLV has performed better with a 38.77% return vs 32.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLV or AVLC?

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

Which ETF pays a higher dividend yield, AVLV or AVLC?

AVLV has the higher dividend yield at 1.07%, compared with 0.78% for AVLC.

What is the main difference between AVLV and AVLC?

AVLV is categorized as Large Cap Value Equities, while AVLC is Large Cap Blend Equities.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.17 vs 2.65), 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.