EMTY vs. AVMV
EMTY (ProShares Decline of the Retail Store ETF) and AVMV (Avantis U.S. Mid Cap Value ETF) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while AVMV is a Mid Cap Value Equities fund actively managed by Avantis. EMTY is passively managed, while AVMV is actively managed. Over the past year, EMTY returned 1.60% vs 25.32% for AVMV. At a correlation of -0.72, they often move in opposite directions. EMTY charges 0.66%/yr vs 0.20%/yr for AVMV.
Performance
EMTY vs. AVMV - Performance Comparison
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Returns By Period
In the year-to-date period, EMTY achieves a 1.09% return, which is significantly lower than AVMV's 11.76% return.
EMTY
- 1D
- -0.32%
- 1M
- 1.81%
- YTD
- 1.09%
- 6M
- 3.80%
- 1Y
- 1.60%
- 3Y*
- -4.69%
- 5Y*
- -2.87%
- 10Y*
- —
AVMV
- 1D
- -0.15%
- 1M
- 1.85%
- YTD
- 11.76%
- 6M
- 12.65%
- 1Y
- 25.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTY vs. AVMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 1.09% | -1.76% | -4.13% | -16.56% |
AVMV Avantis U.S. Mid Cap Value ETF | 11.76% | 10.46% | 18.43% | 15.56% |
Correlation
The correlation between EMTY and AVMV is -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | -0.72 |
The correlation between EMTY and AVMV has been stable across timeframes, ranging from -0.72 to -0.72 - a consistent structural relationship.
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Return for Risk
EMTY vs. AVMV — Risk / Return Rank
EMTY
AVMV
EMTY vs. AVMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and Avantis U.S. Mid Cap Value ETF (AVMV). 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.
| EMTY | AVMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.34 | -3.22 |
| Martin ratioReturn relative to average drawdown | 0.20 | 10.97 | -10.78 |
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
| EMTY | AVMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.84 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 1.28 | -1.70 |
Drawdowns
EMTY vs. AVMV - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, which is greater than AVMV's maximum drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for EMTY and AVMV.
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Drawdown Indicators
| EMTY | AVMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -24.24% | -53.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -7.63% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | — | — |
Current DrawdownCurrent decline from peak | -74.77% | -0.15% | -74.62% |
Average DrawdownAverage peak-to-trough decline | -54.01% | -3.89% | -50.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 2.31% | +5.80% |
Volatility
EMTY vs. AVMV - Volatility Comparison
ProShares Decline of the Retail Store ETF (EMTY) has a higher volatility of 6.00% compared to Avantis U.S. Mid Cap Value ETF (AVMV) at 3.11%. This indicates that EMTY's price experiences larger fluctuations and is considered to be riskier than AVMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | AVMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 3.11% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 9.47% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 13.89% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 17.97% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 17.97% | +7.70% |
EMTY vs. AVMV - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is higher than AVMV's 0.20% expense ratio.
Dividends
EMTY vs. AVMV - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.45%, more than AVMV's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EMTY ProShares Decline of the Retail Store ETF | 3.45% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
Frequently Asked Questions
EMTY and AVMV have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMTY has higher volatility (6.00%) compared to AVMV (3.11%). In terms of maximum drawdown, EMTY dropped -77.62% vs AVMV's -24.24%.
On 1-year performance, AVMV leads with 25.32% vs 1.60% for EMTY. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVMV has performed better with a 25.32% return vs 1.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVMV is cheaper with a 0.20% expense ratio, compared with 0.66% for EMTY.
EMTY has the higher dividend yield at 3.45%, compared with 1.02% for AVMV.
EMTY is categorized as Inverse Equities, while AVMV is Mid Cap Value Equities. They also come from different issuers: ProShares and Avantis. Their fees differ too: 0.66% for EMTY and 0.20% for AVMV.
AVMV currently has the higher Sharpe Ratio (1.84 vs 0.09), 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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