AVMV vs. EPMV

Last updated Jun 4, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and EPMV (Harbor Mid Cap Value ETF) are both Mid Cap Value Equities funds. Both are actively managed. Over the past year, AVMV returned 25.32% vs 31.44% for EPMV. Their correlation of 0.92 suggests significant overlap in exposure. AVMV charges 0.20%/yr vs 0.88%/yr for EPMV.

Performance

AVMV vs. EPMV - Performance Comparison

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

Returns By Period

In the year-to-date period, AVMV achieves a 11.76% return, which is significantly lower than EPMV's 18.27% return.

AVMV

• 1D: -0.15%
• 1M: 1.85%
• YTD: 11.76%
• 6M: 12.65%
• 1Y: 25.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPMV

• 1D: 1.62%
• 1M: 6.13%
• YTD: 18.27%
• 6M: 20.75%
• 1Y: 31.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVMV vs. EPMV - Yearly Performance Comparison

	2026 (YTD)	2025
AVMV Avantis U.S. Mid Cap Value ETF	11.76%	17.56%
EPMV Harbor Mid Cap Value ETF	18.27%	13.68%

Correlation

The correlation between AVMV and EPMV 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 May 5, 2025	0.92

The correlation between AVMV and EPMV has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

AVMV vs. EPMV - Sectors Allocation Comparison

Sectors	AVMV	EPMV
Financial Services	23.6%	18.1%
Consumer Cyclical	18.0%	12.2%
Energy	14.7%	5.0%
Industrials	14.7%	21.7%
Consumer Defensive	8.3%	1.4%
Technology	7.3%	18.7%
Healthcare	6.4%	6.7%
Basic Materials	3.8%	6.7%
Communication Services	1.7%	-
Real Estate	1.0%	6.4%
Utilities	0.5%	3.0%

Return for Risk

AVMV vs. EPMV — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 57
AVMV Sharpe Ratio Rank: 53
AVMV Sortino Ratio Rank: 55
AVMV Omega Ratio Rank: 51
AVMV Calmar Ratio Rank: 66
AVMV Martin Ratio Rank: 61

EPMV

EPMV Risk / Return Rank: 63
EPMV Sharpe Ratio Rank: 60
EPMV Sortino Ratio Rank: 64
EPMV Omega Ratio Rank: 58
EPMV Calmar Ratio Rank: 70
EPMV Martin Ratio Rank: 64

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. EPMV - Risk-Adjusted Trends Comparison

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

	AVMV	EPMV	Difference
Sharpe ratio Return per unit of total volatility	1.84	2.08	-0.24
Sortino ratio Return per unit of downside risk	2.68	3.04	-0.36
Omega ratio Gain probability vs. loss probability	1.32	1.37	-0.04
Calmar ratio Return relative to maximum drawdown	3.34	3.55	-0.22
Martin ratio Return relative to average drawdown	10.97	11.73	-0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVMV vs. EPMV - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.84, which is comparable to the EPMV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of AVMV and EPMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVMV	EPMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.08	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	2.05	-0.77

Drawdowns

AVMV vs. EPMV - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, which is greater than EPMV's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for AVMV and EPMV.

Drawdown Indicators

	AVMV	EPMV	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-8.78%	-15.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-8.78%	+1.15%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.89%	-1.79%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.66%	-0.35%

Volatility

AVMV vs. EPMV - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.11%, while Harbor Mid Cap Value ETF (EPMV) has a volatility of 5.35%. This indicates that AVMV experiences smaller price fluctuations and is considered to be less risky than EPMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMV	EPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	5.35%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	11.35%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	15.19%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	15.51%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	15.51%	+2.46%

AVMV vs. EPMV - Expense Ratio Comparison

AVMV has a 0.20% expense ratio, which is lower than EPMV's 0.88% expense ratio.

Dividends

AVMV vs. EPMV - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.02%, less than EPMV's 1.25% yield.

Position	TTM	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	1.02%	1.20%	1.30%	0.25%
EPMV Harbor Mid Cap Value ETF	1.25%	1.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVMV and EPMV in my portfolio?

With a correlation of 0.92, AVMV and EPMV 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 EPMV?

EPMV has higher volatility (5.35%) compared to AVMV (3.11%). In terms of maximum drawdown, AVMV dropped -24.24% vs EPMV's -8.78%.

Which ETF is better, AVMV or EPMV?

On 1-year performance, EPMV leads with 31.44% vs 25.32% for AVMV. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or EPMV?

Over the 1-year period, EPMV has performed better with a 31.44% return vs 25.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or EPMV?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.88% for EPMV.

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

EPMV has the higher dividend yield at 1.25%, compared with 1.02% for AVMV.

What is the main difference between AVMV and EPMV?

They also come from different issuers: Avantis and Harbor. Their fees differ too: 0.20% for AVMV and 0.88% for EPMV.

Which has better risk-adjusted returns?

EPMV currently has the higher Sharpe Ratio (2.08 vs 1.84), 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.