ESMV vs. AVIE

Last updated Jul 14, 2026

ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. ESMV is passively managed, while AVIE is actively managed. Over the past 3 years, ESMV returned 10.66%/yr vs 13.54%/yr for AVIE. A 0.73 correlation means they provide meaningful diversification when combined. ESMV charges 0.18%/yr vs 0.25%/yr for AVIE.

Performance

ESMV vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESMV achieves a 7.54% return, which is significantly lower than AVIE's 16.94% return.

ESMV

• 1D: 0.00%
• 1M: 2.40%
• 6M: 6.50%
• YTD: 7.54%
• 1Y: 9.20%
• 3Y*: 10.66%
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 1.05%
• 1M: 1.67%
• 6M: 14.10%
• YTD: 16.94%
• 1Y: 25.91%
• 3Y*: 13.54%
• 5Y*: —
• 10Y*: —

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

ESMV vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESMV iShares ESG MSCI USA Min Vol Factor ETF	7.54%	5.34%	13.06%	12.20%	7.57%
AVIE Avantis Inflation Focused Equity ETF	16.94%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between ESMV and AVIE is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.73

The correlation between ESMV and AVIE shifts across timeframes, from 0.54 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESMV vs. AVIE — Risk / Return Rank

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

ESMV

ESMV Risk / Return Rank: 32
ESMV Sharpe Ratio Rank: 31
ESMV Sortino Ratio Rank: 29
ESMV Omega Ratio Rank: 31
ESMV Calmar Ratio Rank: 32
ESMV Martin Ratio Rank: 34

AVIE

AVIE Risk / Return Rank: 92
AVIE Sharpe Ratio Rank: 92
AVIE Sortino Ratio Rank: 93
AVIE Omega Ratio Rank: 90
AVIE Calmar Ratio Rank: 93
AVIE Martin Ratio Rank: 90

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.

ESMV vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	ESMV	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.55	-1.63
Sortino ratio: Return per unit of downside risk	1.32	3.70	-2.38
Omega ratio: Gain probability vs. loss probability	1.18	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.32	5.24	-3.92
Martin ratio: Return relative to average drawdown	4.04	16.43	-12.39

ESMV vs. AVIE - Sharpe Ratio Comparison

The current ESMV Sharpe Ratio is 0.92, which is lower than the AVIE Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of ESMV and AVIE, 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

ESMV vs. AVIE - Drawdown Comparison

The maximum ESMV drawdown since its inception was -19.77%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for ESMV and AVIE.

Drawdown Indicators

	ESMV	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-12.39%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-4.97%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-12.39%	+0.23%
Current Drawdown Current decline from peak	-0.25%	-0.07%	-0.18%
Average Drawdown Average peak-to-trough decline	-5.23%	-2.97%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	1.60%	+0.68%

Volatility

ESMV vs. AVIE - Volatility Comparison

The current volatility for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is 2.24%, while Avantis Inflation Focused Equity ETF (AVIE) has a volatility of 3.66%. This indicates that ESMV experiences smaller price fluctuations and is considered to be less risky than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESMV	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	3.66%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	6.50%	7.47%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.02%	10.21%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	12.90%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	12.90%	+0.25%

ESMV vs. AVIE - Expense Ratio Comparison

ESMV has a 0.18% expense ratio, which is lower than AVIE's 0.25% 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

ESMV vs. AVIE - Dividend Comparison

ESMV's dividend yield for the trailing twelve months is around 1.50%, more than AVIE's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021
AVIE Avantis Inflation Focused Equity ETF	1.42%	1.75%	1.89%	3.72%	0.39%	0.00%
ESMV iShares ESG MSCI USA Min Vol Factor ETF	1.50%	1.56%	1.71%	1.75%	1.66%	0.24%

Frequently Asked Questions

Can I hold both ESMV and AVIE in my portfolio?

ESMV and AVIE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESMV or AVIE?

AVIE has higher volatility (3.66%) compared to ESMV (2.24%). In terms of maximum drawdown, ESMV dropped -19.77% vs AVIE's -12.39%.

Which ETF is better, ESMV or AVIE?

On 3-year performance, AVIE leads with 13.54% vs 10.66% for ESMV. On fees, ESMV is cheaper at 0.18% per year. On volatility, ESMV has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESMV or AVIE?

Over the 3-year period, AVIE has performed better with a 13.54% return vs 10.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESMV or AVIE?

ESMV is cheaper with a 0.18% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, ESMV or AVIE?

ESMV has the higher dividend yield at 1.50%, compared with 1.42% for AVIE.

What is the main difference between ESMV and AVIE?

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.18% for ESMV and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.55 vs 0.92), 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.