DJD vs. AVLV

Last updated Jun 23, 2026

DJD (Invesco Dow Jones Industrial Average Dividend ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. DJD is passively managed, while AVLV is actively managed. Over the past 3 years, DJD returned 17.46%/yr vs 22.67%/yr for AVLV. A 0.80 correlation means they provide meaningful diversification when combined. DJD charges 0.07%/yr vs 0.15%/yr for AVLV.

Performance

DJD vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Industrial Average Dividend ETF (DJD) 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, DJD achieves a 10.58% return, which is significantly lower than AVLV's 20.57% return.

DJD

• 1D: 0.10%
• 1M: 0.00%
• YTD: 10.58%
• 6M: 10.71%
• 1Y: 24.69%
• 3Y*: 17.46%
• 5Y*: 10.92%
• 10Y*: 12.57%

AVLV

• 1D: -1.02%
• 1M: 1.99%
• YTD: 20.57%
• 6M: 19.54%
• 1Y: 37.53%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

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

DJD vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DJD Invesco Dow Jones Industrial Average Dividend ETF	10.58%	15.83%	13.66%	9.41%	-0.73%	7.37%
AVLV Avantis U.S. Large Cap Value ETF	20.57%	15.12%	17.49%	17.43%	-5.53%	6.27%

Correlation

The correlation between DJD and AVLV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.80

The correlation between DJD and AVLV shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

DJD vs. AVLV - Sectors Allocation Comparison

Sectors	DJD	AVLV
Healthcare	20.1%	5.6%
Financial Services	15.6%	16.3%
Technology	14.4%	17.2%
Communication Services	11.6%	6.9%
Consumer Cyclical	11.3%	14.1%
Consumer Defensive	10.5%	7.7%
Industrials	8.8%	15.4%
Energy	6.1%	14.4%
Basic Materials	1.6%	2.0%
Real Estate	-	0.1%
Utilities	-	0.3%

Return for Risk

DJD vs. AVLV — Risk / Return Rank

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

DJD

DJD Risk / Return Rank: 79
DJD Sharpe Ratio Rank: 79
DJD Sortino Ratio Rank: 85
DJD Omega Ratio Rank: 74
DJD Calmar Ratio Rank: 84
DJD Martin Ratio Rank: 72

AVLV

AVLV Risk / Return Rank: 91
AVLV Sharpe Ratio Rank: 91
AVLV Sortino Ratio Rank: 91
AVLV Omega Ratio Rank: 89
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

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.

DJD vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) 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.

	DJD	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.99	-0.57
Sortino ratio: Return per unit of downside risk	3.64	4.11	-0.47
Omega ratio: Gain probability vs. loss probability	1.42	1.53	-0.11
Calmar ratio: Return relative to maximum drawdown	4.40	5.90	-1.50
Martin ratio: Return relative to average drawdown	12.94	23.36	-10.42

DJD vs. AVLV - Sharpe Ratio Comparison

The current DJD Sharpe Ratio is 2.42, which is comparable to the AVLV Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of DJD 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

DJD vs. AVLV - Drawdown Comparison

The maximum DJD drawdown since its inception was -34.66%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for DJD and AVLV.

Drawdown Indicators

	DJD	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-19.50%	-15.16%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-6.39%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.28%	-19.50%	+7.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-1.64%	-1.30%	-0.34%
Average Drawdown Average peak-to-trough decline	-3.73%	-3.89%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.61%	+0.30%

Volatility

DJD vs. AVLV - Volatility Comparison

The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 2.97%, while Avantis U.S. Large Cap Value ETF (AVLV) has a volatility of 3.99%. This indicates that DJD experiences smaller price fluctuations and is considered to be less risky than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJD	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.99%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	9.41%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	12.60%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	17.33%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	17.33%	-0.69%

DJD vs. AVLV - Expense Ratio Comparison

DJD has a 0.07% expense ratio, which is lower than AVLV's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DJD vs. AVLV - Dividend Comparison

DJD's dividend yield for the trailing twelve months is around 3.10%, more than AVLV's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLV Avantis U.S. Large Cap Value ETF	1.38%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DJD Invesco Dow Jones Industrial Average Dividend ETF	2.51%	2.62%	3.00%	3.49%	3.16%	2.82%	3.47%	2.80%	2.66%	2.75%	2.46%	0.08%

Frequently Asked Questions

Can I hold both DJD and AVLV in my portfolio?

DJD and AVLV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJD or AVLV?

AVLV has higher volatility (3.99%) compared to DJD (2.97%). In terms of maximum drawdown, DJD dropped -34.66% vs AVLV's -19.50%.

Which ETF is better, DJD or AVLV?

On 3-year performance, AVLV leads with 22.67% vs 17.46% for DJD. On fees, DJD is cheaper at 0.07% per year. On volatility, DJD has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJD or AVLV?

Over the 3-year period, AVLV has performed better with a 22.67% return vs 17.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJD or AVLV?

DJD is cheaper with a 0.07% expense ratio, compared with 0.15% for AVLV.

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

DJD has the higher dividend yield at 3.10%, compared with 1.38% for AVLV.

What is the main difference between DJD and AVLV?

They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.07% for DJD and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (2.99 vs 2.42), 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.