MDYV vs. AVUV

Last updated Jun 4, 2026

MDYV (SPDR S&P 400 Mid Cap Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - MDYV is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. MDYV is passively managed, while AVUV is actively managed. Over the past 5 years, MDYV returned 7.48%/yr vs 10.71%/yr for AVUV. With a 0.95 correlation, they move nearly in lockstep. MDYV charges 0.15%/yr vs 0.25%/yr for AVUV.

Performance

MDYV vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 400 Mid Cap Value ETF (MDYV) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDYV achieves a 9.04% return, which is significantly lower than AVUV's 17.96% return.

MDYV

• 1D: -0.38%
• 1M: 1.78%
• YTD: 9.04%
• 6M: 9.24%
• 1Y: 20.68%
• 3Y*: 13.90%
• 5Y*: 7.48%
• 10Y*: 10.40%

AVUV

• 1D: -0.97%
• 1M: 1.21%
• YTD: 17.96%
• 6M: 17.23%
• 1Y: 36.48%
• 3Y*: 19.24%
• 5Y*: 10.71%
• 10Y*: —

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

MDYV vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MDYV SPDR S&P 400 Mid Cap Value ETF	9.04%	7.45%	11.48%	15.35%	-7.19%	30.51%	3.68%	7.69%
AVUV Avantis US Small Cap Value ETF	17.96%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%

Correlation

The correlation between MDYV and AVUV 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.95

The correlation between MDYV and AVUV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

MDYV vs. AVUV - Sectors Allocation Comparison

Sectors	MDYV	AVUV
Financial Services	21.8%	25.8%
Industrials	18.8%	13.9%
Consumer Cyclical	13.5%	18.0%
Real Estate	9.6%	0.7%
Technology	9.3%	7.0%
Energy	7.4%	18.2%
Basic Materials	6.0%	4.9%
Consumer Defensive	5.5%	4.5%
Utilities	4.2%	0.1%
Healthcare	3.5%	4.2%
Communication Services	0.5%	2.8%

Return for Risk

MDYV vs. AVUV — Risk / Return Rank

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

MDYV

MDYV Risk / Return Rank: 39
MDYV Sharpe Ratio Rank: 38
MDYV Sortino Ratio Rank: 40
MDYV Omega Ratio Rank: 36
MDYV Calmar Ratio Rank: 40
MDYV Martin Ratio Rank: 42

AVUV

AVUV Risk / Return Rank: 67
AVUV Sharpe Ratio Rank: 61
AVUV Sortino Ratio Rank: 63
AVUV Omega Ratio Rank: 58
AVUV Calmar Ratio Rank: 84
AVUV Martin Ratio Rank: 72

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.

MDYV vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) and Avantis US Small Cap Value ETF (AVUV). 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.

	MDYV	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.10	-0.73
Sortino ratio: Return per unit of downside risk	2.07	3.02	-0.94
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.97	4.61	-2.64
Martin ratio: Return relative to average drawdown	6.78	13.69	-6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDYV vs. AVUV - Sharpe Ratio Comparison

The current MDYV Sharpe Ratio is 1.37, which is lower than the AVUV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of MDYV and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MDYV	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.10	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.47	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.56	-0.14

Drawdowns

MDYV vs. AVUV - Drawdown Comparison

The maximum MDYV drawdown since its inception was -60.71%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for MDYV and AVUV.

Drawdown Indicators

	MDYV	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-60.71%	-49.42%	-11.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-7.95%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-28.79%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.58%	-28.79%	+6.21%
Max Drawdown (10Y) Largest decline over 10 years	-45.90%	—	—
Current Drawdown Current decline from peak	-0.38%	-1.12%	+0.74%
Average Drawdown Average peak-to-trough decline	-8.62%	-7.95%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.67%	+0.39%

Volatility

MDYV vs. AVUV - Volatility Comparison

SPDR S&P 400 Mid Cap Value ETF (MDYV) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 3.93% and 4.08%, 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

	MDYV	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	4.08%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	11.34%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	17.54%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.50%	22.74%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	28.30%	-6.40%

MDYV vs. AVUV - Expense Ratio Comparison

MDYV has a 0.15% expense ratio, which is lower than AVUV'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

MDYV vs. AVUV - Dividend Comparison

MDYV's dividend yield for the trailing twelve months is around 1.73%, more than AVUV's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.29%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
MDYV SPDR S&P 400 Mid Cap Value ETF	1.73%	1.72%	1.89%	1.59%	1.90%	1.74%	1.69%	1.83%	2.28%	2.48%	1.83%	4.31%

Frequently Asked Questions

Can I hold both MDYV and AVUV in my portfolio?

With a correlation of 0.93, MDYV and AVUV 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.

Which is riskier, MDYV or AVUV?

AVUV has higher volatility (4.08%) compared to MDYV (3.93%). In terms of maximum drawdown, MDYV dropped -60.71% vs AVUV's -49.42%.

Which ETF is better, MDYV or AVUV?

On 5-year performance, AVUV leads with 10.71% vs 7.48% for MDYV. On fees, MDYV is cheaper at 0.15% per year. On volatility, MDYV has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDYV or AVUV?

Over the 5-year period, AVUV has performed better with a 10.71% return vs 7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDYV or AVUV?

MDYV is cheaper with a 0.15% expense ratio, compared with 0.25% for AVUV.

Which ETF pays a higher dividend yield, MDYV or AVUV?

MDYV has the higher dividend yield at 1.73%, compared with 1.29% for AVUV.

What is the main difference between MDYV and AVUV?

MDYV is categorized as Mid Cap Value Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.15% for MDYV and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.10 vs 1.37), 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.