LENS vs. AVTM
LENS (Sarmaya Thematic ETF) and AVTM (Avantis Total Equity Markets ETF) are both Global Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. LENS charges 0.79%/yr vs 0.22%/yr for AVTM.
Performance
LENS vs. AVTM - Performance Comparison
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Returns By Period
LENS
- 1D
- -0.52%
- 1M
- -7.84%
- YTD
- 5.02%
- 6M
- 2.93%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVTM
- 1D
- -0.20%
- 1M
- 2.01%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LENS vs. AVTM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LENS Sarmaya Thematic ETF | -8.89% |
AVTM Avantis Total Equity Markets ETF | 8.93% |
Correlation
The correlation between LENS and AVTM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026 | 0.51 |
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Return for Risk
LENS vs. AVTM — Risk / Return Rank
LENS
AVTM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LENS vs. AVTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sarmaya Thematic ETF (LENS) and Avantis Total Equity Markets ETF (AVTM). 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.
| LENS | AVTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 6.43 | — | — |
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Drawdowns
LENS vs. AVTM - Drawdown Comparison
The maximum LENS drawdown since its inception was -20.49%, which is greater than AVTM's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for LENS and AVTM.
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Drawdown Indicators
| LENS | AVTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -9.21% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -20.49% | — | — |
Current DrawdownCurrent decline from peak | -19.96% | -0.88% | -19.08% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -2.01% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | — | — |
Volatility
LENS vs. AVTM - Volatility Comparison
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Volatility by Period
| LENS | AVTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 16.39% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 16.39% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 16.39% | +9.44% |
LENS vs. AVTM - Expense Ratio Comparison
LENS has a 0.79% expense ratio, which is higher than AVTM's 0.22% expense ratio.
Dividends
LENS vs. AVTM - Dividend Comparison
LENS's dividend yield for the trailing twelve months is around 1.52%, more than AVTM's 0.28% yield.
| Position | TTM | 2025 |
|---|---|---|
AVTM Avantis Total Equity Markets ETF | 0.28% | 0.00% |
LENS Sarmaya Thematic ETF | 1.52% | 1.60% |
Frequently Asked Questions
LENS and AVTM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVTM is cheaper with a 0.22% expense ratio, compared with 0.79% for LENS.
LENS has the higher dividend yield at 1.52%, compared with 0.28% for AVTM.
They also come from different issuers: Sarmaya Partners and Avantis. Their fees differ too: 0.79% for LENS and 0.22% for AVTM.
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