MID vs. AVLC

Last updated Jun 4, 2026

MID (American Century Mid Cap Growth Impact ETF) and AVLC (Avantis U.S. Large Cap Equity ETF) are both exchange-traded funds - MID is a Mid Cap Growth Equities fund actively managed by American Century, while AVLC is a Large Cap Blend Equities fund actively managed by Avantis. Both are actively managed. Over the past year, MID returned 6.76% vs 32.71% for AVLC. Their correlation of 0.86 suggests significant overlap in exposure. MID charges 0.45%/yr vs 0.15%/yr for AVLC.

Performance

MID vs. AVLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) and Avantis U.S. Large Cap Equity ETF (AVLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MID achieves a 5.47% return, which is significantly lower than AVLC's 14.81% return.

MID

• 1D: -0.48%
• 1M: 3.85%
• YTD: 5.47%
• 6M: 2.66%
• 1Y: 6.76%
• 3Y*: 14.41%
• 5Y*: 6.25%
• 10Y*: —

AVLC

• 1D: -0.43%
• 1M: 5.65%
• YTD: 14.81%
• 6M: 15.10%
• 1Y: 32.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MID vs. AVLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MID American Century Mid Cap Growth Impact ETF	5.47%	8.22%	19.40%	13.15%
AVLC Avantis U.S. Large Cap Equity ETF	14.81%	17.57%	22.82%	12.05%

Correlation

The correlation between MID and AVLC is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.86

The correlation between MID and AVLC has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

MID vs. AVLC - Sectors Allocation Comparison

Sectors	MID	AVLC
Industrials	25.5%	10.8%
Technology	21.9%	32.6%
Healthcare	18.7%	7.2%
Consumer Cyclical	12.2%	10.3%
Energy	7.3%	7.3%
Financial Services	6.1%	13.1%
Utilities	4.4%	2.7%
Basic Materials	2.3%	2.3%
Consumer Defensive	1.6%	4.8%
Communication Services	-	8.7%
Real Estate	-	0.2%

Return for Risk

MID vs. AVLC — Risk / Return Rank

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

MID

MID Risk / Return Rank: 15
MID Sharpe Ratio Rank: 15
MID Sortino Ratio Rank: 14
MID Omega Ratio Rank: 14
MID Calmar Ratio Rank: 15
MID Martin Ratio Rank: 16

AVLC

AVLC Risk / Return Rank: 81
AVLC Sharpe Ratio Rank: 80
AVLC Sortino Ratio Rank: 79
AVLC Omega Ratio Rank: 78
AVLC Calmar Ratio Rank: 79
AVLC Martin Ratio Rank: 87

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.

MID vs. AVLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) and Avantis U.S. Large Cap Equity ETF (AVLC). 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.

	MID	AVLC	Difference
Sharpe ratio: Return per unit of total volatility	0.41	2.65	-2.25
Sortino ratio: Return per unit of downside risk	0.68	3.59	-2.90
Omega ratio: Gain probability vs. loss probability	1.08	1.48	-0.40
Calmar ratio: Return relative to maximum drawdown	0.49	4.11	-3.62
Martin ratio: Return relative to average drawdown	1.45	18.96	-17.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MID vs. AVLC - Sharpe Ratio Comparison

The current MID Sharpe Ratio is 0.41, which is lower than the AVLC Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of MID and AVLC, 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

	MID	AVLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	2.65	-2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.67	-1.26

Drawdowns

MID vs. AVLC - Drawdown Comparison

The maximum MID drawdown since its inception was -40.15%, which is greater than AVLC's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for MID and AVLC.

Drawdown Indicators

	MID	AVLC	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-19.64%	-20.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-8.00%	-5.89%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.15%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.43%	-0.05%
Average Drawdown Average peak-to-trough decline	-13.44%	-1.97%	-11.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	1.73%	+2.93%

Volatility

MID vs. AVLC - Volatility Comparison

American Century Mid Cap Growth Impact ETF (MID) has a higher volatility of 4.88% compared to Avantis U.S. Large Cap Equity ETF (AVLC) at 3.02%. This indicates that MID's price experiences larger fluctuations and is considered to be riskier than AVLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MID	AVLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	3.02%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	9.25%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	12.40%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	15.69%	+7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	15.69%	+8.23%

MID vs. AVLC - Expense Ratio Comparison

MID has a 0.45% expense ratio, which is higher than AVLC's 0.15% expense ratio.

Dividends

MID vs. AVLC - Dividend Comparison

MID's dividend yield for the trailing twelve months is around 0.15%, less than AVLC's 0.78% yield.

Position	TTM	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	0.78%	0.92%	1.09%	0.38%
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%

Frequently Asked Questions

Can I hold both MID and AVLC in my portfolio?

MID and AVLC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MID or AVLC?

MID has higher volatility (4.88%) compared to AVLC (3.02%). In terms of maximum drawdown, MID dropped -40.15% vs AVLC's -19.64%.

Which ETF is better, MID or AVLC?

On 1-year performance, AVLC leads with 32.71% vs 6.76% for MID. On fees, AVLC is cheaper at 0.15% per year. On volatility, AVLC has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MID or AVLC?

Over the 1-year period, AVLC has performed better with a 32.71% return vs 6.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MID or AVLC?

AVLC is cheaper with a 0.15% expense ratio, compared with 0.45% for MID.

Which ETF pays a higher dividend yield, MID or AVLC?

AVLC has the higher dividend yield at 0.78%, compared with 0.15% for MID.

What is the main difference between MID and AVLC?

MID is categorized as Mid Cap Growth Equities, while AVLC is Large Cap Blend Equities. They also come from different issuers: American Century and Avantis. Their fees differ too: 0.45% for MID and 0.15% for AVLC.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (2.65 vs 0.41), 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.