AVLV vs. DAGVX

Last updated Jun 4, 2026

AVLV (Avantis U.S. Large Cap Value ETF) and DAGVX (BNY Mellon Dynamic Value Fund) are both Large Cap Value Equities funds. Over the past 3 years, AVLV returned 23.23%/yr vs 19.73%/yr for DAGVX. Their correlation of 0.93 suggests significant overlap in exposure. AVLV charges 0.15%/yr vs 0.93%/yr for DAGVX.

Performance

AVLV vs. DAGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Value ETF (AVLV) and BNY Mellon Dynamic Value Fund (DAGVX). 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 DAGVX's 14.05% return.

AVLV

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

DAGVX

• 1D: 1.22%
• 1M: 4.66%
• YTD: 14.05%
• 6M: 15.50%
• 1Y: 29.44%
• 3Y*: 19.73%
• 5Y*: 13.24%
• 10Y*: 13.51%

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

AVLV vs. DAGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	20.64%	15.12%	17.49%	17.43%	-5.53%	5.92%
DAGVX BNY Mellon Dynamic Value Fund	14.05%	18.20%	14.16%	12.54%	1.43%	5.25%

Correlation

The correlation between AVLV and DAGVX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.93

The correlation between AVLV and DAGVX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

AVLV vs. DAGVX — 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

DAGVX

DAGVX Risk / Return Rank: 79
DAGVX Sharpe Ratio Rank: 78
DAGVX Sortino Ratio Rank: 74
DAGVX Omega Ratio Rank: 66
DAGVX Calmar Ratio Rank: 90
DAGVX 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. DAGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value ETF (AVLV) and BNY Mellon Dynamic Value Fund (DAGVX). 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	DAGVX	Difference
Sharpe ratio Return per unit of total volatility	3.18	2.56	+0.61
Sortino ratio Return per unit of downside risk	4.39	3.58	+0.81
Omega ratio Gain probability vs. loss probability	1.57	1.46	+0.12
Calmar ratio Return relative to maximum drawdown	6.09	4.56	+1.54
Martin ratio Return relative to average drawdown	24.39	16.85	+7.53
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. DAGVX - Sharpe Ratio Comparison

The current AVLV Sharpe Ratio is 3.18, which is comparable to the DAGVX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of AVLV and DAGVX, 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	DAGVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	2.56	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.58	+0.28

Drawdowns

AVLV vs. DAGVX - Drawdown Comparison

The maximum AVLV drawdown since its inception was -19.50%, smaller than the maximum DAGVX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for AVLV and DAGVX.

Drawdown Indicators

	AVLV	DAGVX	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-55.04%	+35.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-6.69%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.50%	-16.96%	-2.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.62%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.93%	-7.65%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.80%	-0.21%

Volatility

AVLV vs. DAGVX - Volatility Comparison

The current volatility for Avantis U.S. Large Cap Value ETF (AVLV) is 3.12%, while BNY Mellon Dynamic Value Fund (DAGVX) has a volatility of 3.65%. This indicates that AVLV experiences smaller price fluctuations and is considered to be less risky than DAGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLV	DAGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.65%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	9.13%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	11.90%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	15.58%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	18.83%	-1.48%

AVLV vs. DAGVX - Expense Ratio Comparison

AVLV has a 0.15% expense ratio, which is lower than DAGVX's 0.93% expense ratio.

Dividends

AVLV vs. DAGVX - Dividend Comparison

AVLV's dividend yield for the trailing twelve months is around 1.07%, less than DAGVX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLV Avantis U.S. Large Cap Value ETF	1.07%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DAGVX BNY Mellon Dynamic Value Fund	5.86%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%

Frequently Asked Questions

Can I hold both AVLV and DAGVX in my portfolio?

With a correlation of 0.91, AVLV and DAGVX 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.

Which is riskier, AVLV or DAGVX?

DAGVX has higher volatility (3.65%) compared to AVLV (3.12%). In terms of maximum drawdown, AVLV dropped -19.50% vs DAGVX's -55.04%.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.17 vs 2.56), 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.