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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMC or SPMD.
Key characteristics
| AVMC | SPMD | |
|---|---|---|
| YTD Return | 21.98% | 19.12% |
| 1Y Return | 34.58% | 31.25% |
| Sharpe Ratio | 2.62 | 2.23 |
| Sortino Ratio | 3.61 | 3.16 |
| Omega Ratio | 1.45 | 1.39 |
| Calmar Ratio | 4.96 | 3.41 |
| Martin Ratio | 14.17 | 13.31 |
| Ulcer Index | 2.75% | 2.73% |
| Daily Std Dev | 14.92% | 16.29% |
| Max Drawdown | -7.87% | -57.62% |
| Current Drawdown | -1.12% | -1.59% |
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.
Performance
AVMC vs. SPMD - Performance Comparison
In the year-to-date period, AVMC achieves a 21.98% return, which is significantly higher than SPMD's 19.12% 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. 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%.
Risk-Adjusted Performance
AVMC vs. SPMD - Risk-Adjusted Performance 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.
Dividends
AVMC vs. SPMD - Dividend Comparison
AVMC's dividend yield for the trailing twelve months is around 0.84%, less than SPMD's 1.32% 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.32% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
AVMC vs. SPMD - Drawdown Comparison
The maximum AVMC drawdown since its inception was -7.87%, 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. For additional features, visit the drawdowns tool.
Volatility
AVMC vs. SPMD - Volatility Comparison
The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 4.94%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.32%. 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.