AVMV vs. AVMC

Last updated Jun 23, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and AVMC (Avantis U.S. Mid Cap Equity ETF) are both exchange-traded funds - AVMV is a Mid Cap Value Equities fund actively managed by Avantis, while AVMC is a Mid Cap Blend Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVMV returned 27.02% vs 24.86% for AVMC. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

AVMV vs. AVMC - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with AVMV having a 13.47% return and AVMC slightly lower at 13.20%.

AVMV

• 1D: 0.66%
• 1M: 2.08%
• YTD: 13.47%
• 6M: 11.57%
• 1Y: 27.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVMC

• 1D: 0.45%
• 1M: 2.39%
• YTD: 13.20%
• 6M: 11.34%
• 1Y: 24.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVMV vs. AVMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	13.47%	10.46%	18.43%	14.13%
AVMC Avantis U.S. Mid Cap Equity ETF	13.20%	9.98%	16.84%	14.02%

Correlation

The correlation between AVMV and AVMC is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.97

The correlation between AVMV and AVMC has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

AVMV vs. AVMC - Sectors Allocation Comparison

Sectors	AVMV	AVMC
Financial Services	22.4%	15.8%
Consumer Cyclical	18.5%	10.9%
Industrials	16.2%	19.3%
Energy	13.3%	8.5%
Technology	9.1%	14.6%
Consumer Defensive	7.3%	6.8%
Healthcare	6.5%	10.2%
Basic Materials	3.9%	5.3%
Communication Services	1.6%	2.7%
Real Estate	0.8%	0.6%
Utilities	0.6%	5.3%

Return for Risk

AVMV vs. AVMC — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 63
AVMV Sharpe Ratio Rank: 59
AVMV Sortino Ratio Rank: 62
AVMV Omega Ratio Rank: 56
AVMV Calmar Ratio Rank: 73
AVMV Martin Ratio Rank: 66

AVMC

AVMC Risk / Return Rank: 58
AVMC Sharpe Ratio Rank: 54
AVMC Sortino Ratio Rank: 55
AVMC Omega Ratio Rank: 51
AVMC Calmar Ratio Rank: 66
AVMC Martin Ratio Rank: 66

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.

AVMV vs. AVMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) and Avantis U.S. Mid Cap Equity ETF (AVMC). 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.

	AVMV	AVMC	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.78	+0.15
Sortino ratio: Return per unit of downside risk	2.80	2.57	+0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	3.56	3.16	+0.40
Martin ratio: Return relative to average drawdown	11.67	11.76	-0.09

AVMV vs. AVMC - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.93, which is comparable to the AVMC Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AVMV and AVMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVMV vs. AVMC - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, which is greater than AVMC's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for AVMV and AVMC.

Drawdown Indicators

	AVMV	AVMC	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-21.84%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-7.90%	+0.27%
Current Drawdown Current decline from peak	-0.99%	-0.43%	-0.56%
Average Drawdown Average peak-to-trough decline	-3.83%	-3.17%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.12%	+0.20%

Volatility

AVMV vs. AVMC - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.70%, while Avantis U.S. Mid Cap Equity ETF (AVMC) has a volatility of 4.05%. This indicates that AVMV experiences smaller price fluctuations and is considered to be less risky than AVMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMV	AVMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.05%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	10.33%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	14.03%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	16.96%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	16.96%	+0.98%

AVMV vs. AVMC - Expense Ratio Comparison

Both AVMV and AVMC have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVMV vs. AVMC - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.32%, more than AVMC's 1.21% yield.

Position	TTM	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	1.21%	1.12%	1.02%	0.24%
AVMV Avantis U.S. Mid Cap Value ETF	1.32%	1.20%	1.30%	0.25%

Frequently Asked Questions

Can I hold both AVMV and AVMC in my portfolio?

With a correlation of 0.96, AVMV and AVMC 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.

Which is riskier, AVMV or AVMC?

AVMC has higher volatility (4.05%) compared to AVMV (3.70%). In terms of maximum drawdown, AVMV dropped -24.24% vs AVMC's -21.84%.

Which ETF is better, AVMV or AVMC?

On 1-year performance, AVMV leads with 27.02% vs 24.86% for AVMC. Both ETFs have the same 0.20% expense ratio. On volatility, AVMV has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or AVMC?

Over the 1-year period, AVMV has performed better with a 27.02% return vs 24.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or AVMC?

AVMV and AVMC have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, AVMV or AVMC?

AVMV has the higher dividend yield at 1.32%, compared with 1.21% for AVMC.

What is the main difference between AVMV and AVMC?

AVMV is categorized as Mid Cap Value Equities, while AVMC is Mid Cap Blend Equities.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.93 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.