FEGE vs. AVLV

Last updated Jun 24, 2026

FEGE (First Eagle Global Equity ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, FEGE returned 23.54% vs 37.53% for AVLV. A 0.74 correlation means they provide meaningful diversification when combined. FEGE charges 0.50%/yr vs 0.15%/yr for AVLV.

Performance

FEGE vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Equity ETF (FEGE) 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, FEGE achieves a 5.24% return, which is significantly lower than AVLV's 20.57% return.

FEGE

• 1D: -0.82%
• 1M: -2.96%
• YTD: 5.24%
• 6M: 4.76%
• 1Y: 23.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

FEGE vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEGE First Eagle Global Equity ETF	5.24%	34.19%	-1.43%
AVLV Avantis U.S. Large Cap Value ETF	20.57%	15.12%	0.94%

Correlation

The correlation between FEGE and AVLV is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.74

The correlation between FEGE and AVLV has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

FEGE vs. AVLV - Sectors Allocation Comparison

Sectors	FEGE	AVLV
Technology	16.1%	17.2%
Consumer Defensive	14.8%	7.7%
Healthcare	11.6%	5.6%
Financial Services	11.6%	16.3%
Industrials	9.8%	15.4%
Basic Materials	9.0%	2.0%
Communication Services	8.4%	6.9%
Energy	8.2%	14.4%
Consumer Cyclical	6.5%	14.1%
Real Estate	3.9%	0.1%
Utilities	-	0.3%

Return for Risk

FEGE vs. AVLV — Risk / Return Rank

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

FEGE

FEGE Risk / Return Rank: 52
FEGE Sharpe Ratio Rank: 60
FEGE Sortino Ratio Rank: 56
FEGE Omega Ratio Rank: 54
FEGE Calmar Ratio Rank: 46
FEGE Martin Ratio Rank: 46

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.

FEGE vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Equity ETF (FEGE) 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.

	FEGE	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.99	-1.13
Sortino ratio: Return per unit of downside risk	2.51	4.11	-1.60
Omega ratio: Gain probability vs. loss probability	1.32	1.53	-0.22
Calmar ratio: Return relative to maximum drawdown	2.16	5.90	-3.74
Martin ratio: Return relative to average drawdown	7.24	23.36	-16.11

FEGE vs. AVLV - Sharpe Ratio Comparison

The current FEGE Sharpe Ratio is 1.86, which is lower than the AVLV Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of FEGE 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

FEGE vs. AVLV - Drawdown Comparison

The maximum FEGE drawdown since its inception was -11.13%, smaller than the maximum AVLV drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for FEGE and AVLV.

Drawdown Indicators

	FEGE	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-11.13%	-19.50%	+8.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-6.39%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.50%	—
Current Drawdown Current decline from peak	-5.89%	-1.30%	-4.59%
Average Drawdown Average peak-to-trough decline	-1.79%	-3.89%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	1.61%	+1.65%

Volatility

FEGE vs. AVLV - Volatility Comparison

First Eagle Global Equity ETF (FEGE) and Avantis U.S. Large Cap Value ETF (AVLV) have volatilities of 3.95% and 3.99%, 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.

Volatility by Period

	FEGE	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.99%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	9.41%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	12.60%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	17.33%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.69%	17.33%	-2.64%

FEGE vs. AVLV - Expense Ratio Comparison

FEGE has a 0.50% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

FEGE vs. AVLV - Dividend Comparison

FEGE's dividend yield for the trailing twelve months is around 1.22%, less than AVLV's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.38%	1.33%	1.58%	1.85%	2.00%	0.29%
FEGE First Eagle Global Equity ETF	1.22%	1.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEGE and AVLV in my portfolio?

FEGE and AVLV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEGE or AVLV?

AVLV has higher volatility (3.99%) compared to FEGE (3.95%). In terms of maximum drawdown, FEGE dropped -11.13% vs AVLV's -19.50%.

Which ETF is better, FEGE or AVLV?

On 1-year performance, AVLV leads with 37.53% vs 23.54% for FEGE. On fees, AVLV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEGE or AVLV?

Over the 1-year period, AVLV has performed better with a 37.53% return vs 23.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEGE or AVLV?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.50% for FEGE.

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

AVLV has the higher dividend yield at 1.38%, compared with 1.22% for FEGE.

What is the main difference between FEGE and AVLV?

They also come from different issuers: First Eagle and Avantis. Their fees differ too: 0.50% for FEGE and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (2.99 vs 1.86), 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.