AVRY vs. ESN

Last updated Jul 12, 2026

AVRY (Avory Foundational ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds. AVRY is actively managed, while ESN is passively managed. At a 0.50 correlation, their price movements are largely independent. AVRY charges 0.89%/yr vs 0.70%/yr for ESN.

Performance

AVRY vs. ESN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avory Foundational ETF (AVRY) and Essential 40 Stock ETF (ESN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVRY

• 1D: -0.30%
• 1M: 7.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESN

• 1D: 0.12%
• 1M: 1.08%
• 6M: 11.91%
• YTD: 15.66%
• 1Y: 23.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVRY vs. ESN - Yearly Performance Comparison

	2026 (YTD)
AVRY Avory Foundational ETF	-2.03%
ESN Essential 40 Stock ETF	11.02%

Correlation

The correlation between AVRY and ESN is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.50

Return for Risk

AVRY vs. ESN — Risk / Return Rank

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

AVRY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ESN

ESN Risk / Return Rank: 85
ESN Sharpe Ratio Rank: 88
ESN Sortino Ratio Rank: 87
ESN Omega Ratio Rank: 83
ESN Calmar Ratio Rank: 83
ESN Martin Ratio Rank: 85

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.

AVRY vs. ESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avory Foundational ETF (AVRY) and Essential 40 Stock ETF (ESN). 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.

	AVRY	ESN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.28	—
Sortino ratio: Return per unit of downside risk	—	3.17	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.52	—
Martin ratio: Return relative to average drawdown	—	13.82	—

Drawdowns

AVRY vs. ESN - Drawdown Comparison

The maximum AVRY drawdown since its inception was -21.58%, which is greater than ESN's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for AVRY and ESN.

Drawdown Indicators

	AVRY	ESN	Difference
Max Drawdown Largest peak-to-trough decline	-21.58%	-13.60%	-7.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.42%	—
Current Drawdown Current decline from peak	-4.71%	-1.13%	-3.58%
Average Drawdown Average peak-to-trough decline	-11.20%	-1.83%	-9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	AVRY	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.06%	9.95%	+18.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.06%	13.16%	+14.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.06%	13.16%	+14.90%

AVRY vs. ESN - Expense Ratio Comparison

AVRY has a 0.89% expense ratio, which is higher than ESN's 0.70% expense ratio.

Dividends

AVRY vs. ESN - Dividend Comparison

AVRY has not paid dividends to shareholders, while ESN's dividend yield for the trailing twelve months is around 0.79%.

Position	TTM	2025	2024
AVRY Avory Foundational ETF	0.00%	0.00%	0.00%
ESN Essential 40 Stock ETF	0.79%	0.91%	0.76%

Frequently Asked Questions

Can I hold both AVRY and ESN in my portfolio?

AVRY and ESN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVRY or ESN?

On fees, ESN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVRY or ESN?

ESN is cheaper with a 0.70% expense ratio, compared with 0.89% for AVRY.

Which ETF pays a higher dividend yield, AVRY or ESN?

ESN has the higher dividend yield at 0.79%, compared with 0.00% for AVRY.

What is the main difference between AVRY and ESN?

They also come from different issuers: Avory & Co. and KKM Financial. Their fees differ too: 0.89% for AVRY and 0.70% for ESN.