AVMC vs. IMCG

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis U.S. Mid Cap Equity ETF (AVMC) and iShares Morningstar Mid-Cap Growth ETF (IMCG).

AVMC and IMCG 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. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.

Performance

AVMC vs. IMCG - Performance Comparison

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

AVMC vs. IMCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	2.47%	9.98%	16.84%	15.39%
IMCG iShares Morningstar Mid-Cap Growth ETF	-1.19%	6.55%	18.14%	15.46%

Returns By Period

In the year-to-date period, AVMC achieves a 2.47% return, which is significantly higher than IMCG's -1.19% return.

AVMC

• 1D: 2.47%
• 1M: -5.23%
• YTD: 2.47%
• 6M: 4.36%
• 1Y: 17.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMCG

• 1D: 3.63%
• 1M: -6.39%
• YTD: -1.19%
• 6M: -4.39%
• 1Y: 11.14%
• 3Y*: 11.94%
• 5Y*: 5.08%
• 10Y*: 12.58%

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

AVMC vs. IMCG - Expense Ratio Comparison

AVMC has a 0.20% expense ratio, which is higher than IMCG's 0.06% 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%.

AVMC

Avantis U.S. Mid Cap Equity ETF

IMCG

iShares Morningstar Mid-Cap Growth ETF

Return for Risk

AVMC vs. IMCG — Risk / Return Rank

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

AVMC

AVMC Risk / Return Rank: 55
AVMC Sharpe Ratio Rank: 52
AVMC Sortino Ratio Rank: 54
AVMC Omega Ratio Rank: 53
AVMC Calmar Ratio Rank: 55
AVMC Martin Ratio Rank: 62

IMCG

IMCG Risk / Return Rank: 35
IMCG Sharpe Ratio Rank: 32
IMCG Sortino Ratio Rank: 34
IMCG Omega Ratio Rank: 33
IMCG Calmar Ratio Rank: 37
IMCG Martin Ratio Rank: 41

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. IMCG - Risk-Adjusted Trends 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 Growth ETF (IMCG). 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.

	AVMC	IMCG	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.55	+0.36
Sortino ratio Return per unit of downside risk	1.39	0.92	+0.47
Omega ratio Gain probability vs. loss probability	1.19	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	1.37	0.87	+0.49
Martin ratio Return relative to average drawdown	6.06	3.61	+2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVMC vs. IMCG - Sharpe Ratio Comparison

The current AVMC Sharpe Ratio is 0.91, which is higher than the IMCG Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of AVMC and IMCG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVMC	IMCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.55	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.50	+0.63

Correlation

The correlation between AVMC and IMCG is 0.92, 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.

Dividends

AVMC vs. IMCG - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 1.04%, more than IMCG's 0.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMC Avantis U.S. Mid Cap Equity ETF	1.04%	1.12%	1.02%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IMCG iShares Morningstar Mid-Cap Growth ETF	0.80%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%

Drawdowns

AVMC vs. IMCG - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for AVMC and IMCG.

Drawdown Indicators

	AVMC	IMCG	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-58.96%	+37.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-12.99%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.08%	—
Current Drawdown Current decline from peak	-5.63%	-6.90%	+1.27%
Average Drawdown Average peak-to-trough decline	-3.36%	-9.29%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.14%	-0.11%

Volatility

AVMC vs. IMCG - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 5.55%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 7.19%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMC	IMCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	7.19%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	12.08%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.64%	20.27%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	20.09%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	20.44%	-3.21%