AVMC vs. IVOG
Compare and contrast key facts about Avantis U.S. Mid Cap Equity ETF (AVMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG).
AVMC and IVOG 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. IVOG is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMC or IVOG.
Key characteristics
| AVMC | IVOG | |
|---|---|---|
| YTD Return | 21.98% | 21.80% |
| 1Y Return | 34.58% | 32.04% |
| Sharpe Ratio | 2.62 | 2.21 |
| Sortino Ratio | 3.61 | 3.09 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 4.96 | 2.36 |
| Martin Ratio | 14.17 | 11.86 |
| Ulcer Index | 2.75% | 3.10% |
| Daily Std Dev | 14.92% | 16.59% |
| Max Drawdown | -7.87% | -39.32% |
| Current Drawdown | -1.12% | -1.63% |
Correlation
The correlation between AVMC and IVOG is 0.96, 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. IVOG - Performance Comparison
The year-to-date returns for both stocks are quite close, with AVMC having a 21.98% return and IVOG slightly lower at 21.80%. 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. IVOG - Expense Ratio Comparison
AVMC has a 0.20% expense ratio, which is higher than IVOG's 0.15% 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. IVOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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. IVOG - Dividend Comparison
AVMC's dividend yield for the trailing twelve months is around 0.84%, less than IVOG's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMC Avantis U.S. Mid Cap Equity ETF | 0.84% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.94% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.03% | 1.04% | 0.81% | 0.66% |
Drawdowns
AVMC vs. IVOG - Drawdown Comparison
The maximum AVMC drawdown since its inception was -7.87%, smaller than the maximum IVOG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for AVMC and IVOG. For additional features, visit the drawdowns tool.
Volatility
AVMC vs. IVOG - Volatility Comparison
Avantis U.S. Mid Cap Equity ETF (AVMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) have volatilities of 4.94% and 4.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.