AVSE vs. AVLV

Last updated Aug 4, 2026

AVSE (Avantis Responsible Emerging Markets Equity ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both exchange-traded funds - AVSE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index, while AVLV is a Large Cap Value Equities fund actively managed by Avantis. AVSE is passively managed, while AVLV is actively managed. Over the past 3 years, AVSE returned 20.73%/yr vs 21.00%/yr for AVLV. Their 0.63 correlation means they have sometimes moved together and sometimes differently. AVSE charges 0.33%/yr vs 0.15%/yr for AVLV.

Performance

AVSE vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Responsible Emerging Markets Equity ETF (AVSE) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVSE achieves a 17.48% return, which is significantly lower than AVLV's 23.60% return.

AVSE

• 1D: 1.03%
• 1M: -2.96%
• 6M: 8.96%
• YTD: 17.48%
• 1Y: 32.99%
• 3Y*: 20.73%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.59%

AVLV

• 1D: 1.01%
• 1M: 2.49%
• 6M: 14.26%
• YTD: 23.60%
• 1Y: 37.90%
• 3Y*: 21.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.98%

*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)
AVLV Avantis U.S. Large Cap Value ETF	$110.88M	$105.15M	$154.25M
AVSE Avantis Responsible Emerging Markets Equity ETF	$1.09M	$1.10M	$1.10M

AVSE vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSE Avantis Responsible Emerging Markets Equity ETF	17.48%	32.54%	8.29%	16.01%	-14.43%
AVLV Avantis U.S. Large Cap Value ETF	23.60%	15.12%	17.49%	17.43%	-7.72%

Correlation

The correlation between AVSE and AVLV is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	0.63

The correlation between AVSE and AVLV has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

AVSE vs. AVLV - Sectors Allocation Comparison

Sectors	AVSE	AVLV
Technology	44.0%	16.9%
Financial Services	22.8%	21.5%
Consumer Cyclical	9.4%	14.2%
Industrials	6.7%	15.3%
Communication Services	5.4%	6.7%
Healthcare	3.4%	4.4%
Basic Materials	2.7%	1.8%
Consumer Defensive	2.3%	6.2%
Real Estate	2.2%	0.0%
Utilities	1.1%	0.4%
Energy	0.1%	12.7%

Return for Risk

AVSE vs. AVLV — Risk / Return Rank

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

AVSE

AVSE Risk / Return Rank: 56
AVSE Sharpe Ratio Rank: 54
AVSE Sortino Ratio Rank: 51
AVSE Omega Ratio Rank: 58
AVSE Calmar Ratio Rank: 61
AVSE Martin Ratio Rank: 56

AVLV

AVLV Risk / Return Rank: 96
AVLV Sharpe Ratio Rank: 96
AVLV Sortino Ratio Rank: 96
AVLV Omega Ratio Rank: 95
AVLV Calmar Ratio Rank: 96
AVLV Martin Ratio Rank: 96

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.

AVSE vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible Emerging Markets Equity ETF (AVSE) and Avantis U.S. Large Cap Value ETF (AVLV). 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.

	AVSE	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	1.39	3.09	-1.71
Sortino ratio: Return per unit of downside risk	1.91	4.27	-2.36
Omega ratio: Gain probability vs. loss probability	1.27	1.56	-0.30
Calmar ratio: Return relative to maximum drawdown	2.24	5.96	-3.72
Martin ratio: Return relative to average drawdown	7.01	24.13	-17.11

AVSE vs. AVLV - Sharpe Ratio Comparison

The current AVSE Sharpe Ratio is 1.39, which is lower than the AVLV Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of AVSE and AVLV, 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

AVSE vs. AVLV - Drawdown Comparison

The maximum AVSE drawdown since its inception was -26.28%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for AVSE and AVLV.

Drawdown Indicators

	AVSE	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-19.50%	-6.78%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-6.39%	-8.43%
Max Drawdown (3Y) Largest decline over 3 years	-17.68%	-19.50%	+1.82%
Current Drawdown Current decline from peak	-10.34%	0.00%	-10.34%
Average Drawdown Average peak-to-trough decline	-6.82%	-3.82%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	1.58%	+3.14%

Volatility

AVSE vs. AVLV - Volatility Comparison

Avantis Responsible Emerging Markets Equity ETF (AVSE) has a higher volatility of 9.16% compared to Avantis U.S. Large Cap Value ETF (AVLV) at 2.53%. This indicates that AVSE's price experiences larger fluctuations and is considered to be riskier than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSE	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	2.53%	+6.63%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	8.88%	+12.97%
Volatility (1Y) Calculated over the trailing 1-year period	23.98%	12.35%	+11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.05%	17.17%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.05%	17.17%	+1.88%

AVSE vs. AVLV - Expense Ratio Comparison

AVSE has a 0.33% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

AVSE vs. AVLV - Dividend Comparison

AVSE's dividend yield for the trailing twelve months is around 2.14%, more than AVLV's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.05%	1.33%	1.58%	1.85%	2.00%	0.29%
AVSE Avantis Responsible Emerging Markets Equity ETF	2.14%	2.68%	3.03%	3.20%	1.27%	0.00%

Frequently Asked Questions

Can I hold both AVSE and AVLV in my portfolio?

AVSE and AVLV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVSE or AVLV?

AVSE has higher volatility (9.16%) compared to AVLV (2.53%). In terms of maximum drawdown, AVSE dropped -26.28% vs AVLV's -19.50%.

Which ETF is better, AVSE or AVLV?

On 3-year performance, AVLV leads with 21.00% vs 20.73% for AVSE. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSE or AVLV?

Over the 3-year period, AVLV has performed better with a 21.00% return vs 20.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSE or AVLV?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.33% for AVSE.

Which ETF pays a higher dividend yield, AVSE or AVLV?

AVSE has the higher dividend yield at 2.14%, compared with 1.05% for AVLV.

What is the main difference between AVSE and AVLV?

AVSE is categorized as Emerging Markets Equities, while AVLV is Large Cap Value Equities. Their fees differ too: 0.33% for AVSE and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.09 vs 1.39), 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.