GYLD vs. AVMA

Last updated Jun 24, 2026

GYLD (Arrow Dow Jones Global Yield ETF) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. GYLD is passively managed, while AVMA is actively managed. Over the past year, GYLD returned 16.25% vs 22.59% for AVMA. At a 0.30 correlation, their price movements are largely independent. GYLD charges 0.75%/yr vs 0.21%/yr for AVMA.

Performance

GYLD vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Dow Jones Global Yield ETF (GYLD) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GYLD achieves a 7.29% return, which is significantly lower than AVMA's 10.12% return.

GYLD

• 1D: -0.70%
• 1M: -1.41%
• YTD: 7.29%
• 6M: 7.99%
• 1Y: 16.25%
• 3Y*: 15.08%
• 5Y*: 6.08%
• 10Y*: 4.72%

AVMA

• 1D: -0.99%
• 1M: 0.64%
• YTD: 10.12%
• 6M: 9.66%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GYLD vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GYLD Arrow Dow Jones Global Yield ETF	7.29%	19.85%	3.83%	12.91%
AVMA Avantis Moderate Allocation ETF	10.12%	16.72%	10.01%	8.36%

Correlation

The correlation between GYLD and AVMA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.30

Return for Risk

GYLD vs. AVMA — Risk / Return Rank

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

GYLD

GYLD Risk / Return Rank: 50
GYLD Sharpe Ratio Rank: 39
GYLD Sortino Ratio Rank: 41
GYLD Omega Ratio Rank: 40
GYLD Calmar Ratio Rank: 71
GYLD Martin Ratio Rank: 57

AVMA

AVMA Risk / Return Rank: 79
AVMA Sharpe Ratio Rank: 80
AVMA Sortino Ratio Rank: 83
AVMA Omega Ratio Rank: 81
AVMA Calmar Ratio Rank: 74
AVMA Martin Ratio Rank: 80

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.

GYLD vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) and Avantis Moderate Allocation ETF (AVMA). 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.

	GYLD	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.41	-1.09
Sortino ratio: Return per unit of downside risk	1.99	3.44	-1.45
Omega ratio: Gain probability vs. loss probability	1.25	1.45	-0.20
Calmar ratio: Return relative to maximum drawdown	3.36	3.54	-0.19
Martin ratio: Return relative to average drawdown	9.53	14.86	-5.34

GYLD vs. AVMA - Sharpe Ratio Comparison

The current GYLD Sharpe Ratio is 1.32, which is lower than the AVMA Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of GYLD and AVMA, 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

GYLD vs. AVMA - Drawdown Comparison

The maximum GYLD drawdown since its inception was -55.03%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for GYLD and AVMA.

Drawdown Indicators

	GYLD	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-55.03%	-11.81%	-43.22%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-6.40%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-8.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.89%	—	—
Current Drawdown Current decline from peak	-2.28%	-1.21%	-1.07%
Average Drawdown Average peak-to-trough decline	-14.36%	-1.54%	-12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.52%	+0.19%

Volatility

GYLD vs. AVMA - Volatility Comparison

Arrow Dow Jones Global Yield ETF (GYLD) and Avantis Moderate Allocation ETF (AVMA) have volatilities of 3.27% and 3.43%, 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

	GYLD	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.43%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	7.61%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	9.41%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	10.36%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	10.36%	+6.15%

GYLD vs. AVMA - Expense Ratio Comparison

GYLD has a 0.75% expense ratio, which is higher than AVMA's 0.21% expense ratio.

Dividends

GYLD vs. AVMA - Dividend Comparison

GYLD's dividend yield for the trailing twelve months is around 7.55%, more than AVMA's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMA Avantis Moderate Allocation ETF	3.03%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GYLD Arrow Dow Jones Global Yield ETF	7.55%	8.43%	12.90%	7.13%	4.64%	5.50%	7.42%	5.83%	8.17%	6.78%	7.29%	10.35%

Frequently Asked Questions

Can I hold both GYLD and AVMA in my portfolio?

GYLD and AVMA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GYLD or AVMA?

AVMA has higher volatility (3.43%) compared to GYLD (3.27%). In terms of maximum drawdown, GYLD dropped -55.03% vs AVMA's -11.81%.

Which ETF is better, GYLD or AVMA?

On 1-year performance, AVMA leads with 22.59% vs 16.25% for GYLD. On fees, AVMA is cheaper at 0.21% per year. On volatility, GYLD has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GYLD or AVMA?

Over the 1-year period, AVMA has performed better with a 22.59% return vs 16.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GYLD or AVMA?

AVMA is cheaper with a 0.21% expense ratio, compared with 0.75% for GYLD.

Which ETF pays a higher dividend yield, GYLD or AVMA?

GYLD has the higher dividend yield at 7.55%, compared with 3.03% for AVMA.

What is the main difference between GYLD and AVMA?

They also come from different issuers: Arrow Funds and Avantis. Their fees differ too: 0.75% for GYLD and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.41 vs 1.32), 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.