AVMV vs. SPMD
AVMV (Avantis U.S. Mid Cap Value ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both exchange-traded funds - AVMV is a Mid Cap Value Equities fund actively managed by Avantis, while SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. AVMV is actively managed, while SPMD is passively managed. Over the past year, AVMV returned 27.02% vs 27.54% for SPMD. With a 0.95 correlation, they move nearly in lockstep. AVMV charges 0.20%/yr vs 0.03%/yr for SPMD.
Performance
AVMV vs. SPMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVMV achieves a 13.47% return, which is significantly lower than SPMD's 15.83% return.
AVMV
- 1D
- 0.66%
- 1M
- 2.08%
- YTD
- 13.47%
- 6M
- 11.57%
- 1Y
- 27.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- 0.44%
- 1M
- 3.74%
- YTD
- 15.83%
- 6M
- 13.38%
- 1Y
- 27.54%
- 3Y*
- 16.54%
- 5Y*
- 8.92%
- 10Y*
- 11.98%
AVMV vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVMV Avantis U.S. Mid Cap Value ETF | 13.47% | 10.46% | 18.43% | 14.13% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 15.83% | 7.44% | 13.91% | 14.52% |
Correlation
The correlation between AVMV and SPMD is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.95 |
The correlation between AVMV and SPMD has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVMV vs. SPMD — Risk / Return Rank
AVMV
SPMD
AVMV vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) 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.
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 | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.12 | +0.44 |
| Martin ratioReturn relative to average drawdown | 11.67 | 11.45 | +0.22 |
Loading charts...
Drawdowns
AVMV vs. SPMD - Drawdown Comparison
The maximum AVMV drawdown since its inception was -24.24%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for AVMV and SPMD.
Loading charts...
Drawdown Indicators
| AVMV | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.24% | -57.62% | +33.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -8.86% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.08% | — |
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 | -0.99% | -0.11% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.10% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.41% | -0.09% |
Volatility
AVMV vs. SPMD - Volatility Comparison
The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.70%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 4.55%. This indicates that AVMV 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.
Loading charts...
Volatility by Period
| AVMV | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 4.55% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 11.74% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 15.89% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 19.72% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 21.21% | -3.27% |
AVMV vs. SPMD - Expense Ratio Comparison
AVMV has a 0.20% expense ratio, which is higher than SPMD's 0.03% 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%.
Dividends
AVMV vs. SPMD - Dividend Comparison
AVMV's dividend yield for the trailing twelve months is around 1.32%, less than SPMD's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMV Avantis U.S. Mid Cap Value ETF | 1.32% | 1.20% | 1.30% | 0.25% | 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 | 1.53% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
With a correlation of 0.93, AVMV and SPMD 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.
SPMD has higher volatility (4.55%) compared to AVMV (3.70%). In terms of maximum drawdown, AVMV dropped -24.24% vs SPMD's -57.62%.
On 1-year performance, SPMD leads with 27.54% vs 27.02% for AVMV. On fees, SPMD is cheaper at 0.03% per year. 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.
Over the 1-year period, SPMD has performed better with a 27.54% return vs 27.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.03% expense ratio, compared with 0.20% for AVMV.
SPMD has the higher dividend yield at 1.53%, compared with 1.32% for AVMV.
AVMV is categorized as Mid Cap Value Equities, while SPMD is Mid Cap Blend Equities. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.20% for AVMV and 0.03% for SPMD.
AVMV currently has the higher Sharpe Ratio (1.93 vs 1.74), 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.
Find the right allocation for AVMV and SPMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer