MVFG vs. AVGE

Last updated Jul 14, 2026

MVFG (Monarch Volume Factor Global Unconstrained ETF) and AVGE (Avantis All Equity Markets ETF) are both Global Equities funds. MVFG is passively managed, while AVGE is actively managed. Over the past year, MVFG returned 25.27% vs 27.57% for AVGE. Their correlation of 0.84 suggests significant overlap in exposure. MVFG charges 1.42%/yr vs 0.23%/yr for AVGE.

Performance

MVFG vs. AVGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Global Unconstrained ETF (MVFG) and Avantis All Equity Markets ETF (AVGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVFG achieves a 12.34% return, which is significantly lower than AVGE's 15.54% return.

MVFG

• 1D: -0.37%
• 1M: -0.64%
• 6M: 4.06%
• YTD: 12.34%
• 1Y: 25.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGE

• 1D: -0.69%
• 1M: -0.31%
• 6M: 11.49%
• YTD: 15.54%
• 1Y: 27.57%
• 3Y*: 19.44%
• 5Y*: —
• 10Y*: —

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

MVFG vs. AVGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVFG Monarch Volume Factor Global Unconstrained ETF	12.34%	20.98%	5.38%
AVGE Avantis All Equity Markets ETF	15.54%	20.84%	9.18%

Correlation

The correlation between MVFG and AVGE is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.84

The correlation between MVFG and AVGE has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

MVFG vs. AVGE — Risk / Return Rank

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

MVFG

MVFG Risk / Return Rank: 46
MVFG Sharpe Ratio Rank: 47
MVFG Sortino Ratio Rank: 46
MVFG Omega Ratio Rank: 48
MVFG Calmar Ratio Rank: 40
MVFG Martin Ratio Rank: 49

AVGE

AVGE Risk / Return Rank: 82
AVGE Sharpe Ratio Rank: 83
AVGE Sortino Ratio Rank: 83
AVGE Omega Ratio Rank: 82
AVGE Calmar Ratio Rank: 78
AVGE Martin Ratio Rank: 85

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.

MVFG vs. AVGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) and Avantis All Equity Markets ETF (AVGE). 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.

	MVFG	AVGE	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.11	-0.79
Sortino ratio: Return per unit of downside risk	1.87	2.94	-1.07
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.14
Calmar ratio: Return relative to maximum drawdown	1.65	3.22	-1.57
Martin ratio: Return relative to average drawdown	6.56	13.46	-6.90

MVFG vs. AVGE - Sharpe Ratio Comparison

The current MVFG Sharpe Ratio is 1.33, which is lower than the AVGE Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of MVFG and AVGE, 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

MVFG vs. AVGE - Drawdown Comparison

The maximum MVFG drawdown since its inception was -15.34%, smaller than the maximum AVGE drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for MVFG and AVGE.

Drawdown Indicators

	MVFG	AVGE	Difference
Max Drawdown Largest peak-to-trough decline	-15.34%	-17.13%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-8.60%	-6.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.13%	—
Current Drawdown Current decline from peak	-1.26%	-1.31%	+0.05%
Average Drawdown Average peak-to-trough decline	-2.51%	-2.38%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	2.05%	+1.81%

Volatility

MVFG vs. AVGE - Volatility Comparison

The current volatility for Monarch Volume Factor Global Unconstrained ETF (MVFG) is 3.88%, while Avantis All Equity Markets ETF (AVGE) has a volatility of 4.10%. This indicates that MVFG experiences smaller price fluctuations and is considered to be less risky than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVFG	AVGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.10%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	10.57%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	13.12%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	15.21%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	15.21%	+0.12%

MVFG vs. AVGE - Expense Ratio Comparison

MVFG has a 1.42% expense ratio, which is higher than AVGE's 0.23% expense ratio.

Dividends

MVFG vs. AVGE - Dividend Comparison

MVFG's dividend yield for the trailing twelve months is around 1.54%, more than AVGE's 1.41% yield.

Position	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	1.41%	1.67%	1.92%	1.93%	0.74%
MVFG Monarch Volume Factor Global Unconstrained ETF	1.54%	1.90%	1.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVFG and AVGE in my portfolio?

MVFG and AVGE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVFG or AVGE?

AVGE has higher volatility (4.10%) compared to MVFG (3.88%). In terms of maximum drawdown, MVFG dropped -15.34% vs AVGE's -17.13%.

Which ETF is better, MVFG or AVGE?

On 1-year performance, AVGE leads with 27.57% vs 25.27% for MVFG. On fees, AVGE is cheaper at 0.23% per year. On volatility, MVFG has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVFG or AVGE?

Over the 1-year period, AVGE has performed better with a 27.57% return vs 25.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVFG or AVGE?

AVGE is cheaper with a 0.23% expense ratio, compared with 1.42% for MVFG.

Which ETF pays a higher dividend yield, MVFG or AVGE?

MVFG has the higher dividend yield at 1.54%, compared with 1.41% for AVGE.

What is the main difference between MVFG and AVGE?

They also come from different issuers: Monarch and Avantis. Their fees differ too: 1.42% for MVFG and 0.23% for AVGE.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.11 vs 1.33), 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.