AVMC vs. AVMV

Last updated Jun 23, 2026

AVMC (Avantis U.S. Mid Cap Equity ETF) and AVMV (Avantis U.S. Mid Cap Value ETF) are both exchange-traded funds - AVMC is a Mid Cap Blend Equities fund actively managed by Avantis, while AVMV is a Mid Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVMC returned 24.86% vs 27.02% for AVMV. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

AVMC vs. AVMV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVMC having a 13.20% return and AVMV slightly higher at 13.47%.

AVMC

• 1D: 0.45%
• 1M: 2.39%
• YTD: 13.20%
• 6M: 11.34%
• 1Y: 24.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVMV

• 1D: 0.66%
• 1M: 2.08%
• YTD: 13.47%
• 6M: 11.57%
• 1Y: 27.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVMC vs. AVMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	13.20%	9.98%	16.84%	14.02%
AVMV Avantis U.S. Mid Cap Value ETF	13.47%	10.46%	18.43%	14.13%

Correlation

The correlation between AVMC and AVMV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.97

The correlation between AVMC and AVMV has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

AVMC vs. AVMV - Sectors Allocation Comparison

Sectors	AVMC	AVMV
Industrials	19.3%	16.2%
Financial Services	15.8%	22.4%
Technology	14.6%	9.1%
Consumer Cyclical	10.9%	18.5%
Healthcare	10.2%	6.5%
Energy	8.5%	13.3%
Consumer Defensive	6.8%	7.3%
Utilities	5.3%	0.6%
Basic Materials	5.3%	3.9%
Communication Services	2.7%	1.6%
Real Estate	0.6%	0.8%

Return for Risk

AVMC vs. AVMV — Risk / Return Rank

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

AVMC

AVMC Risk / Return Rank: 58
AVMC Sharpe Ratio Rank: 54
AVMC Sortino Ratio Rank: 55
AVMC Omega Ratio Rank: 51
AVMC Calmar Ratio Rank: 66
AVMC Martin Ratio Rank: 66

AVMV

AVMV Risk / Return Rank: 63
AVMV Sharpe Ratio Rank: 59
AVMV Sortino Ratio Rank: 62
AVMV Omega Ratio Rank: 56
AVMV Calmar Ratio Rank: 73
AVMV Martin Ratio Rank: 66

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.

AVMC vs. AVMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and Avantis U.S. Mid Cap Value ETF (AVMV). 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.

	AVMC	AVMV	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.93	-0.15
Sortino ratio: Return per unit of downside risk	2.57	2.80	-0.23
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	3.16	3.56	-0.40
Martin ratio: Return relative to average drawdown	11.76	11.67	+0.09

AVMC vs. AVMV - Sharpe Ratio Comparison

The current AVMC Sharpe Ratio is 1.78, which is comparable to the AVMV Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of AVMC and AVMV, 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

AVMC vs. AVMV - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum AVMV drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for AVMC and AVMV.

Drawdown Indicators

	AVMC	AVMV	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-24.24%	+2.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-7.63%	-0.27%
Current Drawdown Current decline from peak	-0.43%	-0.99%	+0.56%
Average Drawdown Average peak-to-trough decline	-3.17%	-3.83%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.32%	-0.20%

Volatility

AVMC vs. AVMV - Volatility Comparison

Avantis U.S. Mid Cap Equity ETF (AVMC) has a higher volatility of 4.05% compared to Avantis U.S. Mid Cap Value ETF (AVMV) at 3.70%. This indicates that AVMC's price experiences larger fluctuations and is considered to be riskier than AVMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMC	AVMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.70%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	9.69%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	14.08%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	17.94%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	17.94%	-0.98%

AVMC vs. AVMV - Expense Ratio Comparison

Both AVMC and AVMV have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVMC vs. AVMV - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 1.21%, less than AVMV's 1.32% yield.

Position	TTM	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	1.21%	1.12%	1.02%	0.24%
AVMV Avantis U.S. Mid Cap Value ETF	1.32%	1.20%	1.30%	0.25%

Frequently Asked Questions

Can I hold both AVMC and AVMV in my portfolio?

With a correlation of 0.96, AVMC and AVMV 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, AVMC or AVMV?

AVMC has higher volatility (4.05%) compared to AVMV (3.70%). In terms of maximum drawdown, AVMC dropped -21.84% vs AVMV's -24.24%.

Which ETF is better, AVMC or AVMV?

On 1-year performance, AVMV leads with 27.02% vs 24.86% for AVMC. Both ETFs have the same 0.20% expense ratio. On volatility, AVMV has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMC or AVMV?

Over the 1-year period, AVMV has performed better with a 27.02% return vs 24.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMC or AVMV?

AVMC and AVMV have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, AVMC or AVMV?

AVMV has the higher dividend yield at 1.32%, compared with 1.21% for AVMC.

What is the main difference between AVMC and AVMV?

AVMC is categorized as Mid Cap Blend Equities, while AVMV is Mid Cap Value Equities.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.93 vs 1.78), 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.