AVUV vs. KMLM
AVUV (Avantis US Small Cap Value ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while KMLM is a Long-Short fund actively managed by CICC. Both are actively managed. Over the past 5 years, AVUV returned 10.85%/yr vs 4.40%/yr for KMLM. At a correlation of -0.02, they often move in opposite directions. AVUV charges 0.25%/yr vs 0.90%/yr for KMLM.
Performance
AVUV vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, AVUV achieves a 18.87% return, which is significantly higher than KMLM's 9.83% return.
AVUV
- 1D
- 1.01%
- 1M
- 0.89%
- YTD
- 18.87%
- 6M
- 18.74%
- 1Y
- 36.82%
- 3Y*
- 18.46%
- 5Y*
- 10.85%
- 10Y*
- —
KMLM
- 1D
- 0.42%
- 1M
- -2.33%
- YTD
- 9.83%
- 6M
- 12.35%
- 1Y
- 12.99%
- 3Y*
- -0.87%
- 5Y*
- 4.40%
- 10Y*
- —
AVUV vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 18.87% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 5.04% |
KMLM KFA Mount Lucas Index Strategy ETF | 9.83% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.40% |
Correlation
The correlation between AVUV and KMLM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | -0.02 |
The correlation between AVUV and KMLM shifts across timeframes, from -0.04 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVUV vs. KMLM — Risk / Return Rank
AVUV
KMLM
AVUV vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.
| AVUV | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.07 | +2.58 |
| Martin ratioReturn relative to average drawdown | 13.81 | 6.61 | +7.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVUV | KMLM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.14 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.30 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.48 | +0.08 |
Drawdowns
AVUV vs. KMLM - Drawdown Comparison
The maximum AVUV drawdown since its inception was -49.42%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for AVUV and KMLM.
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Drawdown Indicators
| AVUV | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -27.47% | -21.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -6.30% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -22.28% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -27.47% | -1.32% |
Current DrawdownCurrent decline from peak | -0.44% | -14.36% | +13.92% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -12.74% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.97% | +0.70% |
Volatility
AVUV vs. KMLM - Volatility Comparison
Avantis US Small Cap Value ETF (AVUV) and KFA Mount Lucas Index Strategy ETF (KMLM) have volatilities of 4.29% and 4.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVUV | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.27% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 9.68% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 11.46% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 14.62% | +8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 14.72% | +13.57% |
AVUV vs. KMLM - Expense Ratio Comparison
AVUV has a 0.25% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
AVUV vs. KMLM - Dividend Comparison
AVUV's dividend yield for the trailing twelve months is around 1.28%, less than KMLM's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.28% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.57% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% |
Frequently Asked Questions
AVUV and KMLM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVUV has higher volatility (4.29%) compared to KMLM (4.27%). In terms of maximum drawdown, AVUV dropped -49.42% vs KMLM's -27.47%.
On 5-year performance, AVUV leads with 10.85% vs 4.40% for KMLM. On fees, AVUV is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVUV has performed better with a 10.85% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.90% for KMLM.
KMLM has the higher dividend yield at 4.57%, compared with 1.28% for AVUV.
AVUV is categorized as Small Cap Value Equities, while KMLM is Long-Short. They also come from different issuers: Avantis and CICC. Their fees differ too: 0.25% for AVUV and 0.90% for KMLM.
AVUV currently has the higher Sharpe Ratio (2.11 vs 1.14), 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.
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