AVMV vs. VO

Last updated Aug 6, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and VO (Vanguard Mid-Cap ETF) are both exchange-traded funds - AVMV is a Mid Cap Value Equities fund actively managed by Avantis, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. AVMV is actively managed, while VO is passively managed. Over the past year, AVMV returned 26.00% vs 17.69% for VO. Their correlation of 0.92 means they have usually moved in the same direction. AVMV charges 0.20%/yr vs 0.03%/yr for VO.

Performance

AVMV vs. VO - Performance Comparison

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

Returns By Period

In the year-to-date period, AVMV achieves a 16.94% return, which is significantly higher than VO's 14.58% return.

AVMV

• 1D: -0.44%
• 1M: 2.88%
• 6M: 8.66%
• YTD: 16.94%
• 1Y: 26.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.58%

VO

• 1D: -0.40%
• 1M: 2.04%
• 6M: 11.57%
• YTD: 14.58%
• 1Y: 17.69%
• 3Y*: 15.90%
• 5Y*: 7.99%
• 10Y*: 11.56%
• ALL TIME*: 10.42%

*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	$4.45M	$4.31M	$3.60M
VO Vanguard Mid-Cap ETF	$200.66M	$287.95M	$239.72M

AVMV vs. VO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	16.94%	10.46%	18.43%	14.13%
VO Vanguard Mid-Cap ETF	14.58%	11.62%	15.31%	13.43%

Correlation

The correlation between AVMV and VO is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.92

The correlation between AVMV and VO has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

AVMV vs. VO - Sectors Allocation Comparison

Sectors	AVMV	VO
Financial Services	23.6%	13.1%
Consumer Cyclical	18.3%	9.0%
Industrials	17.5%	19.9%
Energy	12.5%	7.4%
Technology	8.2%	18.2%
Consumer Defensive	7.2%	4.6%
Healthcare	6.4%	7.8%
Basic Materials	3.5%	3.9%
Communication Services	1.5%	2.7%
Real Estate	0.8%	5.1%
Utilities	0.6%	8.4%

Return for Risk

AVMV vs. VO — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 78
AVMV Sharpe Ratio Rank: 75
AVMV Sortino Ratio Rank: 78
AVMV Omega Ratio Rank: 73
AVMV Calmar Ratio Rank: 83
AVMV Martin Ratio Rank: 79

VO

VO Risk / Return Rank: 52
VO Sharpe Ratio Rank: 50
VO Sortino Ratio Rank: 50
VO Omega Ratio Rank: 48
VO Calmar Ratio Rank: 54
VO Martin Ratio Rank: 61

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. VO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) and Vanguard Mid-Cap ETF (VO). 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	VO	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.42	+0.52
Sortino ratio: Return per unit of downside risk	2.85	2.04	+0.81
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.09
Calmar ratio: Return relative to maximum drawdown	3.42	2.18	+1.25
Martin ratio: Return relative to average drawdown	11.53	8.34	+3.20

AVMV vs. VO - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.94, which is higher than the VO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AVMV and VO, 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. VO - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for AVMV and VO.

Drawdown Indicators

	AVMV	VO	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-58.87%	+34.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-8.17%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.37%	—
Current Drawdown Current decline from peak	-0.44%	-0.40%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.69%	-7.81%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.13%	+0.13%

Volatility

AVMV vs. VO - Volatility Comparison

Avantis U.S. Mid Cap Value ETF (AVMV) has a higher volatility of 2.81% compared to Vanguard Mid-Cap ETF (VO) at 2.62%. This indicates that AVMV's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMV	VO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	2.62%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	9.51%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	12.55%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	17.61%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	18.87%	-1.24%

AVMV vs. VO - Expense Ratio Comparison

AVMV has a 0.20% expense ratio, which is higher than VO'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. VO - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.02%, less than VO's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMV Avantis U.S. Mid Cap Value ETF	1.02%	1.20%	1.30%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VO Vanguard Mid-Cap ETF	1.30%	1.52%	1.49%	1.52%	1.60%	1.12%	1.45%	1.48%	1.82%	1.35%	1.45%	1.47%

Frequently Asked Questions

Can I hold both AVMV and VO in my portfolio?

AVMV and VO have a correlation of 0.89, 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 VO?

AVMV has higher volatility (2.81%) compared to VO (2.62%). In terms of maximum drawdown, AVMV dropped -24.24% vs VO's -58.87%.

Which ETF is better, AVMV or VO?

On 1-year performance, AVMV leads with 26.00% vs 17.69% for VO. On fees, VO is cheaper at 0.03% per year. On volatility, VO has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or VO?

Over the 1-year period, AVMV has performed better with a 26.00% return vs 17.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or VO?

VO is cheaper with a 0.03% expense ratio, compared with 0.20% for AVMV.

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

VO has the higher dividend yield at 1.30%, compared with 1.02% for AVMV.

What is the main difference between AVMV and VO?

AVMV is categorized as Mid Cap Value Equities, while VO is Mid Cap Blend Equities. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.20% for AVMV and 0.03% for VO.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.94 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.