AVMC vs. IMCB
Compare and contrast key facts about Avantis U.S. Mid Cap Equity ETF (AVMC) and iShares Morningstar Mid-Cap ETF (IMCB).
AVMC and IMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVMC is an actively managed fund by Avantis. It was launched on Nov 7, 2023. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMC or IMCB.
Key characteristics
| AVMC | IMCB | |
|---|---|---|
| YTD Return | 22.44% | 20.31% |
| 1Y Return | 39.55% | 37.08% |
| Sharpe Ratio | 2.65 | 2.85 |
| Sortino Ratio | 3.64 | 3.99 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 5.02 | 2.30 |
| Martin Ratio | 14.35 | 16.21 |
| Ulcer Index | 2.75% | 2.27% |
| Daily Std Dev | 14.91% | 12.87% |
| Max Drawdown | -7.87% | -58.80% |
| Current Drawdown | -0.74% | -0.62% |
Correlation
The correlation between AVMC and IMCB is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVMC vs. IMCB - Performance Comparison
In the year-to-date period, AVMC achieves a 22.44% return, which is significantly higher than IMCB's 20.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVMC vs. IMCB - Expense Ratio Comparison
AVMC has a 0.20% expense ratio, which is higher than IMCB's 0.04% 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%.
Risk-Adjusted Performance
AVMC vs. IMCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
Dividends
AVMC vs. IMCB - Dividend Comparison
AVMC's dividend yield for the trailing twelve months is around 0.83%, less than IMCB's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMC Avantis U.S. Mid Cap Equity ETF | 0.83% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
Drawdowns
AVMC vs. IMCB - Drawdown Comparison
The maximum AVMC drawdown since its inception was -7.87%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for AVMC and IMCB. For additional features, visit the drawdowns tool.
Volatility
AVMC vs. IMCB - Volatility Comparison
Avantis U.S. Mid Cap Equity ETF (AVMC) has a higher volatility of 4.94% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 3.99%. This indicates that AVMC's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.