AVMC vs. IVOG
AVMC (Avantis U.S. Mid Cap Equity ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both exchange-traded funds - AVMC is a Mid Cap Blend Equities fund actively managed by Avantis, while IVOG is a Small Cap Growth Equities fund tracking the S&P MidCap 400 Growth Index. AVMC is actively managed, while IVOG is passively managed. Over the past year, AVMC returned 24.86% vs 32.69% for IVOG. Their correlation of 0.94 suggests significant overlap in exposure. AVMC charges 0.20%/yr vs 0.15%/yr for IVOG.
Performance
AVMC vs. IVOG - Performance Comparison
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Returns By Period
In the year-to-date period, AVMC achieves a 13.20% return, which is significantly lower than IVOG's 20.66% return.
AVMC
- 1D
- 0.45%
- 1M
- 2.39%
- YTD
- 13.20%
- 6M
- 11.34%
- 1Y
- 24.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVOG
- 1D
- 0.63%
- 1M
- 4.20%
- YTD
- 20.66%
- 6M
- 17.87%
- 1Y
- 32.69%
- 3Y*
- 18.41%
- 5Y*
- 8.84%
- 10Y*
- 12.09%
AVMC vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVMC Avantis U.S. Mid Cap Equity ETF | 13.20% | 9.98% | 16.84% | 14.02% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 20.66% | 7.34% | 15.62% | 12.79% |
Correlation
The correlation between AVMC and IVOG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.94 |
The correlation between AVMC and IVOG has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
AVMC vs. IVOG — Risk / Return Rank
AVMC
IVOG
AVMC vs. IVOG - Risk-Adjusted Trends 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.
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 | IVOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.39 | -0.23 |
| Martin ratioReturn relative to average drawdown | 11.76 | 13.20 | -1.44 |
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Drawdowns
AVMC vs. IVOG - Drawdown Comparison
The maximum AVMC drawdown since its inception was -21.84%, 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.
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Drawdown Indicators
| AVMC | IVOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.84% | -39.32% | +17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -9.69% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -0.43% | 0.00% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -5.87% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.48% | -0.36% |
Volatility
AVMC vs. IVOG - Volatility Comparison
The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 4.05%, while Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a volatility of 5.53%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVMC | IVOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.53% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 13.79% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 17.64% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 20.69% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 20.64% | -3.68% |
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%.
Dividends
AVMC vs. IVOG - Dividend Comparison
AVMC's dividend yield for the trailing twelve months is around 1.21%, more than IVOG's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMC Avantis U.S. Mid Cap Equity ETF | 1.21% | 1.12% | 1.02% | 0.24% | 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 | 0.53% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
Frequently Asked Questions
With a correlation of 0.92, AVMC and IVOG 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.
IVOG has higher volatility (5.53%) compared to AVMC (4.05%). In terms of maximum drawdown, AVMC dropped -21.84% vs IVOG's -39.32%.
On 1-year performance, IVOG leads with 32.69% vs 24.86% for AVMC. On fees, IVOG is cheaper at 0.15% per year. On volatility, AVMC has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVOG has performed better with a 32.69% return vs 24.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.15% expense ratio, compared with 0.20% for AVMC.
AVMC has the higher dividend yield at 1.21%, compared with 0.53% for IVOG.
AVMC is categorized as Mid Cap Blend Equities, while IVOG is Small Cap Growth Equities. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.20% for AVMC and 0.15% for IVOG.
IVOG currently has the higher Sharpe Ratio (1.86 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.
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