AVLV vs. IAUM

Last updated Jun 13, 2026

AVLV (Avantis U.S. Large Cap Value ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - AVLV is a Large Cap Value Equities fund actively managed by Avantis, while IAUM is a Gold fund tracking the LBMA Gold Price PM. AVLV is actively managed, while IAUM is passively managed. Over the past 3 years, AVLV returned 22.42%/yr vs 29.28%/yr for IAUM. At a 0.13 correlation, their price movements are largely independent. AVLV charges 0.15%/yr vs 0.09%/yr for IAUM.

Performance

AVLV vs. IAUM - Performance Comparison

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

Returns By Period

In the year-to-date period, AVLV achieves a 21.54% return, which is significantly higher than IAUM's -2.40% return.

AVLV

• 1D: 0.72%
• 1M: 3.54%
• YTD: 21.54%
• 6M: 21.48%
• 1Y: 39.76%
• 3Y*: 22.42%
• 5Y*: —
• 10Y*: —

IAUM

• 1D: 0.10%
• 1M: -9.51%
• YTD: -2.40%
• 6M: -2.08%
• 1Y: 22.55%
• 3Y*: 29.28%
• 5Y*: —
• 10Y*: —

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

AVLV vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	21.54%	15.12%	17.49%	17.43%	-5.53%	6.27%
IAUM iShares Gold Trust Micro	-2.40%	64.27%	27.04%	13.12%	-0.49%	3.51%

Correlation

The correlation between AVLV and IAUM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.13

AVLV vs. IAUM - Sectors Allocation Comparison

Sectors	AVLV	IAUM
Technology	17.2%	-
Financial Services	16.3%	-
Industrials	15.4%	-
Energy	14.4%	-
Consumer Cyclical	14.1%	-
Consumer Defensive	7.7%	-
Communication Services	6.9%	-
Healthcare	5.6%	-
Basic Materials	2.0%	-
Utilities	0.3%	-
Real Estate	0.1%	100.0%

Return for Risk

AVLV vs. IAUM — Risk / Return Rank

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

AVLV

AVLV Risk / Return Rank: 94
AVLV Sharpe Ratio Rank: 94
AVLV Sortino Ratio Rank: 94
AVLV Omega Ratio Rank: 92
AVLV Calmar Ratio Rank: 94
AVLV Martin Ratio Rank: 94

IAUM

IAUM Risk / Return Rank: 27
IAUM Sharpe Ratio Rank: 28
IAUM Sortino Ratio Rank: 25
IAUM Omega Ratio Rank: 31
IAUM Calmar Ratio Rank: 24
IAUM Martin Ratio Rank: 25

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. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value ETF (AVLV) and iShares Gold Trust Micro (IAUM). 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	IAUM	Difference
Sharpe ratio: Return per unit of total volatility	3.10	0.90	+2.20
Sortino ratio: Return per unit of downside risk	4.26	1.26	+3.00
Omega ratio: Gain probability vs. loss probability	1.56	1.19	+0.37
Calmar ratio: Return relative to maximum drawdown	6.07	1.00	+5.08
Martin ratio: Return relative to average drawdown	24.12	2.87	+21.26

AVLV vs. IAUM - Sharpe Ratio Comparison

The current AVLV Sharpe Ratio is 3.10, which is higher than the IAUM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of AVLV and IAUM, 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

AVLV vs. IAUM - Drawdown Comparison

The maximum AVLV drawdown since its inception was -19.50%, smaller than the maximum IAUM drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for AVLV and IAUM.

Drawdown Indicators

	AVLV	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-24.37%	+4.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-24.37%	+17.98%
Max Drawdown (3Y) Largest decline over 3 years	-19.50%	-24.37%	+4.87%
Current Drawdown Current decline from peak	0.00%	-21.99%	+21.99%
Average Drawdown Average peak-to-trough decline	-3.91%	-5.38%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	8.46%	-6.85%

Volatility

AVLV vs. IAUM - Volatility Comparison

The current volatility for Avantis U.S. Large Cap Value ETF (AVLV) is 3.67%, while iShares Gold Trust Micro (IAUM) has a volatility of 7.71%. This indicates that AVLV experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLV	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	7.71%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	23.82%	-14.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	27.06%	-14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	18.05%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	18.05%	-0.71%

AVLV vs. IAUM - Expense Ratio Comparison

AVLV has a 0.15% expense ratio, which is higher than IAUM's 0.09% 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

AVLV vs. IAUM - Dividend Comparison

AVLV's dividend yield for the trailing twelve months is around 1.37%, while IAUM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.37%	1.33%	1.58%	1.85%	2.00%	0.29%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVLV and IAUM in my portfolio?

AVLV and IAUM have a correlation of 0.21, 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 IAUM?

IAUM has higher volatility (7.71%) compared to AVLV (3.67%). In terms of maximum drawdown, AVLV dropped -19.50% vs IAUM's -24.37%.

Which ETF is better, AVLV or IAUM?

On 3-year performance, IAUM leads with 29.28% vs 22.42% for AVLV. On fees, IAUM is cheaper at 0.09% per year. On volatility, AVLV has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLV or IAUM?

Over the 3-year period, IAUM has performed better with a 29.28% return vs 22.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLV or IAUM?

IAUM is cheaper with a 0.09% expense ratio, compared with 0.15% for AVLV.

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

AVLV has the higher dividend yield at 1.37%, compared with 0.00% for IAUM.

What is the main difference between AVLV and IAUM?

AVLV is categorized as Large Cap Value Equities, while IAUM is Gold. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.15% for AVLV and 0.09% for IAUM.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.10 vs 0.90), 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.