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IWD vs. AVLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWD vs. AVLV

Last updated Jun 24, 2026

IWD (iShares Russell 1000 Value ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. IWD is passively managed, while AVLV is actively managed. Over the past 3 years, IWD returned 18.41%/yr vs 22.67%/yr for AVLV. Their correlation of 0.94 suggests significant overlap in exposure. IWD charges 0.18%/yr vs 0.15%/yr for AVLV.

Performance

IWD vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWD achieves a 15.35% return, which is significantly lower than AVLV's 20.57% return.

IWD

1D
-1.06%
1M
2.28%
YTD
15.35%
6M
14.66%
1Y
28.22%
3Y*
18.41%
5Y*
10.87%
10Y*
11.61%

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)

IWD vs. AVLV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IWD
iShares Russell 1000 Value ETF		15.35%15.68%14.17%11.34%-7.75%7.12%
AVLV
Avantis U.S. Large Cap Value ETF		20.57%15.12%17.49%17.43%-5.53%6.27%

Correlation

The correlation between IWD and AVLV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2021

0.94

The correlation between IWD and AVLV has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

IWD vs. AVLV - Sectors Allocation Comparison

Sectors
IWD
AVLV

Technology

18.6%
17.2%

Financial Services

18.4%
16.3%

Industrials

12.5%
15.4%

Healthcare

10.6%
5.6%

Communication Services

8.1%
6.9%

Consumer Cyclical

7.1%
14.1%

Consumer Defensive

6.7%
7.7%

Energy

6.3%
14.4%

Utilities

4.0%
0.3%

Real Estate

3.9%
0.1%

Basic Materials

3.7%
2.0%

Technology

IWD
18.6%
AVLV
17.2%

Financial Services

IWD
18.4%
AVLV
16.3%

Industrials

IWD
12.5%
AVLV
15.4%

Healthcare

IWD
10.6%
AVLV
5.6%

Communication Services

IWD
8.1%
AVLV
6.9%

Consumer Cyclical

IWD
7.1%
AVLV
14.1%

Consumer Defensive

IWD
6.7%
AVLV
7.7%

Energy

IWD
6.3%
AVLV
14.4%

Utilities

IWD
4.0%
AVLV
0.3%

Real Estate

IWD
3.9%
AVLV
0.1%

Basic Materials

IWD
3.7%
AVLV
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 1000 Value ETF

Avantis U.S. Large Cap Value ETF

Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR
Often compared with AVLV:
AVLV vs. VOOAVLV vs. VTVAVLV vs. AVUSAVLV vs. SCHVAVLV vs. DFLVAVLV vs. SPYVAVLV vs. VLUE

Return for Risk

IWD vs. AVLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWD
IWD Risk / Return Rank: 8383
Overall Rank
IWD Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 8383
Sortino Ratio Rank
IWD Omega Ratio Rank: 8080
Omega Ratio Rank
IWD Calmar Ratio Rank: 8282
Calmar Ratio Rank
IWD Martin Ratio Rank: 8686
Martin Ratio Rank
AVLV
AVLV Risk / Return Rank: 9191
Overall Rank
AVLV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
AVLV Sortino Ratio Rank: 9191
Sortino Ratio Rank
AVLV Omega Ratio Rank: 8989
Omega Ratio Rank
AVLV Calmar Ratio Rank: 9292
Calmar Ratio Rank
AVLV Martin Ratio Rank: 9393
Martin Ratio Rank
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.

IWD vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) 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.

IWDAVLVDifference
Sharpe ratioReturn per unit of total volatility
2.52
2.99

-0.47

Sortino ratioReturn per unit of downside risk
3.52
4.11

-0.59

Omega ratioGain probability vs. loss probability

1.45

1.53

-0.08

Calmar ratioReturn relative to maximum drawdown

4.18

5.90

-1.72

Martin ratioReturn relative to average drawdown

17.32

23.36

-6.04

IWD vs. AVLV - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.52, which is comparable to the AVLV Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of IWD 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.

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Drawdowns

IWD vs. AVLV - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for IWD and AVLV.

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Drawdown Indicators

IWDAVLVDifference

Max Drawdown

Largest peak-to-trough decline

-60.10%

-19.50%

-40.60%

Max Drawdown (1Y)

Largest decline over 1 year

-6.79%

-6.39%

-0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-19.50%

+3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.51%

—

—

Current Drawdown

Current decline from peak

-1.16%

-1.30%

+0.14%

Average Drawdown

Average peak-to-trough decline

-8.64%

-3.89%

-4.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

1.61%

+0.02%

Volatility

IWD vs. AVLV - Volatility Comparison

iShares Russell 1000 Value ETF (IWD) and Avantis U.S. Large Cap Value ETF (AVLV) have volatilities of 4.14% 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.

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Volatility by Period

IWDAVLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.14%

3.99%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

8.67%

9.41%

-0.74%

Volatility (1Y)

Calculated over the trailing 1-year period

11.27%

12.60%

-1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

17.33%

-2.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.28%

17.33%

-0.05%

IWD vs. AVLV - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is higher than AVLV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWD vs. AVLV - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.45%, more than AVLV's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWD
iShares Russell 1000 Value ETF		1.45%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%

Frequently Asked Questions

With a correlation of 0.93, IWD and AVLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IWD has higher volatility (4.14%) compared to AVLV (3.99%). In terms of maximum drawdown, IWD dropped -60.10% vs AVLV's -19.50%.

On 3-year performance, AVLV leads with 22.67% vs 18.41% for IWD. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, AVLV has performed better with a 22.67% return vs 18.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVLV is cheaper with a 0.15% expense ratio, compared with 0.18% for IWD.

IWD has the higher dividend yield at 1.45%, compared with 1.38% for AVLV.

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.18% for IWD and 0.15% for AVLV.

AVLV currently has the higher Sharpe Ratio (2.99 vs 2.52), 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.

Portfolio Optimizer

Find the right allocation for IWD and AVLV

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