AVLV vs. AVMA
AVLV (Avantis U.S. Large Cap Value ETF) and AVMA (Avantis Moderate Allocation ETF) are both exchange-traded funds - AVLV is a Large Cap Value Equities fund actively managed by Avantis, while AVMA is a Diversified Portfolio fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVLV returned 21.00%/yr vs 14.71%/yr for AVMA. Their correlation of 0.92 means they have usually moved in the same direction. AVLV charges 0.15%/yr vs 0.21%/yr for AVMA.
Performance
AVLV vs. AVMA - Performance Comparison
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Returns By Period
In the year-to-date period, AVLV achieves a 23.60% return, which is significantly higher than AVMA's 11.36% return.
AVLV
- 1D
- 1.01%
- 1M
- 2.49%
- 6M
- 14.26%
- YTD
- 23.60%
- 1Y
- 37.90%
- 3Y*
- 21.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.98%
AVMA
- 1D
- 0.72%
- 1M
- 0.76%
- 6M
- 7.09%
- YTD
- 11.36%
- 1Y
- 21.17%
- 3Y*
- 14.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $110.88M | $105.15M | $154.25M | |
| $747.07K | $736.92K | $601.00K |
AVLV vs. AVMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVLV Avantis U.S. Large Cap Value ETF | 23.60% | 15.12% | 17.49% | 10.88% |
AVMA Avantis Moderate Allocation ETF | 11.36% | 16.72% | 10.01% | 8.36% |
Correlation
The correlation between AVLV and AVMA is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.92 |
The correlation between AVLV and AVMA has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
AVLV vs. AVMA — Risk / Return Rank
AVLV
AVMA
AVLV vs. AVMA - 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 Moderate Allocation ETF (AVMA). 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.
| AVLV | AVMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.42 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.96 | 3.32 | +2.64 |
| Martin ratioReturn relative to average drawdown | 24.13 | 13.78 | +10.34 |
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Drawdowns
AVLV vs. AVMA - Drawdown Comparison
The maximum AVLV drawdown since its inception was -19.50%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for AVLV and AVMA.
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Drawdown Indicators
| AVLV | AVMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.50% | -11.81% | -7.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -6.40% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -11.81% | -7.69% |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -1.51% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.54% | +0.04% |
Volatility
AVLV vs. AVMA - Volatility Comparison
Avantis U.S. Large Cap Value ETF (AVLV) and Avantis Moderate Allocation ETF (AVMA) have volatilities of 2.53% and 2.53%, 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.
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Volatility by Period
| AVLV | AVMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.53% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 7.67% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 9.48% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 10.28% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 10.28% | +6.89% |
AVLV vs. AVMA - Expense Ratio Comparison
AVLV has a 0.15% expense ratio, which is lower than AVMA's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AVLV vs. AVMA - Dividend Comparison
AVLV's dividend yield for the trailing twelve months is around 1.05%, less than AVMA's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVLV Avantis U.S. Large Cap Value ETF | 1.05% | 1.33% | 1.58% | 1.85% | 2.00% | 0.29% |
AVMA Avantis Moderate Allocation ETF | 2.01% | 2.21% | 2.28% | 1.11% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, AVLV and AVMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVMA has higher volatility (2.53%) compared to AVLV (2.53%). In terms of maximum drawdown, AVLV dropped -19.50% vs AVMA's -11.81%.
On 3-year performance, AVLV leads with 21.00% vs 14.71% for AVMA. On fees, AVLV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVLV has performed better with a 21.00% return vs 14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVLV is cheaper with a 0.15% expense ratio, compared with 0.21% for AVMA.
AVMA has the higher dividend yield at 2.01%, compared with 1.05% for AVLV.
AVLV is categorized as Large Cap Value Equities, while AVMA is Diversified Portfolio. Their fees differ too: 0.15% for AVLV and 0.21% for AVMA.
AVLV currently has the higher Sharpe Ratio (3.09 vs 2.25), 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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