AVMC vs. SPMD
Compare and contrast key facts about Avantis U.S. Mid Cap Equity ETF (AVMC) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
AVMC and SPMD 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. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Performance
AVMC vs. SPMD - Performance Comparison
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AVMC vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVMC Avantis U.S. Mid Cap Equity ETF | 2.47% | 9.98% | 16.84% | 15.39% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 15.74% |
Returns By Period
The year-to-date returns for both investments are quite close, with AVMC having a 2.47% return and SPMD slightly higher at 2.59%.
AVMC
- 1D
- 2.47%
- 1M
- -5.23%
- YTD
- 2.47%
- 6M
- 4.36%
- 1Y
- 17.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
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AVMC vs. SPMD - Expense Ratio Comparison
AVMC has a 0.20% expense ratio, which is higher than SPMD's 0.05% 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%.
Return for Risk
AVMC vs. SPMD — Risk / Return Rank
AVMC
SPMD
AVMC vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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 | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.83 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.30 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.25 | +0.11 |
Martin ratioReturn relative to average drawdown | 6.06 | 5.41 | +0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVMC | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.83 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.43 | +0.69 |
Correlation
The correlation between AVMC and SPMD 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.
Dividends
AVMC vs. SPMD - Dividend Comparison
AVMC's dividend yield for the trailing twelve months is around 1.04%, less than SPMD's 1.37% 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Drawdowns
AVMC vs. SPMD - Drawdown Comparison
The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for AVMC and SPMD.
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Drawdown Indicators
| AVMC | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.84% | -57.62% | +35.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -14.12% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -5.63% | -6.13% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -8.18% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.27% | -0.24% |
Volatility
AVMC vs. SPMD - Volatility Comparison
The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 5.55%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 6.56%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVMC | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.56% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 11.95% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 21.11% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 19.71% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 21.18% | -3.95% |