AVMV vs. FVD

Last updated Aug 2, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and FVD (First Trust Value Line Dividend Index Fund) are both Mid Cap Value Equities funds. AVMV is actively managed, while FVD is passively managed. Over the past year, AVMV returned 25.60% vs 14.68% for FVD. Their 0.73 correlation means they have sometimes moved together and sometimes differently. AVMV charges 0.20%/yr vs 0.61%/yr for FVD.

Performance

AVMV vs. FVD - Performance Comparison

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

Returns By Period

In the year-to-date period, AVMV achieves a 14.92% return, which is significantly higher than FVD's 10.07% return.

AVMV

• 1D: -0.16%
• 1M: 1.18%
• 6M: 10.03%
• YTD: 14.92%
• 1Y: 25.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.92%

FVD

• 1D: -0.18%
• 1M: 1.52%
• 6M: 5.94%
• YTD: 10.07%
• 1Y: 14.68%
• 3Y*: 9.72%
• 5Y*: 6.75%
• 10Y*: 8.75%
• ALL TIME*: 9.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVMV Avantis U.S. Mid Cap Value ETF	$4.17M	$4.09M	$3.51M
FVD First Trust Value Line Dividend Index Fund	$21.15M	$21.63M	$33.04M

AVMV vs. FVD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	14.92%	10.46%	18.43%	14.13%
FVD First Trust Value Line Dividend Index Fund	10.07%	8.16%	10.04%	8.81%

Correlation

The correlation between AVMV and FVD is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.73

The correlation between AVMV and FVD has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

AVMV vs. FVD - Sectors Allocation Comparison

Sectors	AVMV	FVD
Financial Services	23.6%	19.8%
Consumer Cyclical	18.3%	5.3%
Industrials	17.5%	14.4%
Energy	12.5%	3.5%
Technology	8.2%	6.7%
Consumer Defensive	7.2%	10.9%
Healthcare	6.4%	8.2%
Basic Materials	3.5%	2.8%
Communication Services	1.5%	3.1%
Real Estate	0.8%	8.1%
Utilities	0.6%	17.3%

Return for Risk

AVMV vs. FVD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVMV

AVMV Risk / Return Rank: 80
AVMV Sharpe Ratio Rank: 78
AVMV Sortino Ratio Rank: 81
AVMV Omega Ratio Rank: 76
AVMV Calmar Ratio Rank: 84
AVMV Martin Ratio Rank: 81

FVD

FVD Risk / Return Rank: 57
FVD Sharpe Ratio Rank: 60
FVD Sortino Ratio Rank: 67
FVD Omega Ratio Rank: 56
FVD Calmar Ratio Rank: 56
FVD Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVMV vs. FVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) and First Trust Value Line Dividend Index Fund (FVD). 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	FVD	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.42	+0.35
Sortino ratio: Return per unit of downside risk	2.62	2.19	+0.43
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	3.15	1.99	+1.16
Martin ratio: Return relative to average drawdown	10.59	5.07	+5.52

AVMV vs. FVD - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.77, which is comparable to the FVD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AVMV and FVD, 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. FVD - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, smaller than the maximum FVD drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for AVMV and FVD.

Drawdown Indicators

	AVMV	FVD	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-51.00%	+26.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-7.23%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.25%	—
Current Drawdown Current decline from peak	-0.68%	-1.72%	+1.04%
Average Drawdown Average peak-to-trough decline	-3.70%	-5.42%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.83%	-0.57%

Volatility

AVMV vs. FVD - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 2.38%, while First Trust Value Line Dividend Index Fund (FVD) has a volatility of 4.37%. This indicates that AVMV experiences smaller price fluctuations and is considered to be less risky than FVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMV	FVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	4.37%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	8.01%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	10.14%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	12.84%	+4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	15.47%	+2.17%

AVMV vs. FVD - Expense Ratio Comparison

AVMV has a 0.20% expense ratio, which is lower than FVD's 0.61% expense ratio.

Dividends

AVMV vs. FVD - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.04%, less than FVD's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMV Avantis U.S. Mid Cap Value ETF	1.04%	1.20%	1.30%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FVD First Trust Value Line Dividend Index Fund	2.23%	2.36%	2.23%	2.34%	2.20%	1.75%	2.31%	2.03%	2.50%	2.10%	2.04%	2.34%

Frequently Asked Questions

Can I hold both AVMV and FVD in my portfolio?

AVMV and FVD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMV or FVD?

FVD has higher volatility (4.37%) compared to AVMV (2.38%). In terms of maximum drawdown, AVMV dropped -24.24% vs FVD's -51.00%.

Which ETF is better, AVMV or FVD?

On 1-year performance, AVMV leads with 25.60% vs 14.68% for FVD. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or FVD?

Over the 1-year period, AVMV has performed better with a 25.60% return vs 14.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or FVD?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.61% for FVD.

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

FVD has the higher dividend yield at 2.23%, compared with 1.04% for AVMV.

What is the main difference between AVMV and FVD?

They also come from different issuers: Avantis and First Trust. Their fees differ too: 0.20% for AVMV and 0.61% for FVD.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.77 vs 1.42), 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.