OCIO vs. AVMA

Last updated Jun 23, 2026

OCIO (ClearShares OCIO ETF) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, OCIO returned 22.19% vs 24.52% for AVMA. Their correlation of 0.89 suggests significant overlap in exposure. OCIO charges 0.61%/yr vs 0.21%/yr for AVMA.

Performance

OCIO vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearShares OCIO ETF (OCIO) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCIO achieves a 10.00% return, which is significantly lower than AVMA's 11.22% return.

OCIO

• 1D: 0.07%
• 1M: 2.52%
• YTD: 10.00%
• 6M: 9.92%
• 1Y: 22.19%
• 3Y*: 14.00%
• 5Y*: 7.67%
• 10Y*: —

AVMA

• 1D: 0.10%
• 1M: 1.65%
• YTD: 11.22%
• 6M: 10.95%
• 1Y: 24.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCIO vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OCIO ClearShares OCIO ETF	10.00%	12.68%	12.76%	5.41%
AVMA Avantis Moderate Allocation ETF	11.22%	16.72%	10.01%	8.36%

Correlation

The correlation between OCIO and AVMA is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.89

The correlation between OCIO and AVMA has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

OCIO vs. AVMA — Risk / Return Rank

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

OCIO

OCIO Risk / Return Rank: 69
OCIO Sharpe Ratio Rank: 67
OCIO Sortino Ratio Rank: 68
OCIO Omega Ratio Rank: 70
OCIO Calmar Ratio Rank: 66
OCIO Martin Ratio Rank: 75

AVMA

AVMA Risk / Return Rank: 83
AVMA Sharpe Ratio Rank: 85
AVMA Sortino Ratio Rank: 87
AVMA Omega Ratio Rank: 85
AVMA Calmar Ratio Rank: 77
AVMA Martin Ratio Rank: 83

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.

OCIO vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and Avantis Moderate Allocation ETF (AVMA). 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.

	OCIO	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.63	-0.51
Sortino ratio: Return per unit of downside risk	2.98	3.75	-0.77
Omega ratio: Gain probability vs. loss probability	1.40	1.49	-0.09
Calmar ratio: Return relative to maximum drawdown	3.19	3.85	-0.65
Martin ratio: Return relative to average drawdown	13.68	16.15	-2.48

OCIO vs. AVMA - Sharpe Ratio Comparison

The current OCIO Sharpe Ratio is 2.13, which is comparable to the AVMA Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of OCIO and AVMA, 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

OCIO vs. AVMA - Drawdown Comparison

The maximum OCIO drawdown since its inception was -24.21%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for OCIO and AVMA.

Drawdown Indicators

	OCIO	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-11.81%	-12.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	-6.40%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	-13.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	—	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-4.42%	-1.54%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.52%	+0.11%

Volatility

OCIO vs. AVMA - Volatility Comparison

ClearShares OCIO ETF (OCIO) has a higher volatility of 4.69% compared to Avantis Moderate Allocation ETF (AVMA) at 3.26%. This indicates that OCIO's price experiences larger fluctuations and is considered to be riskier than AVMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCIO	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	3.26%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	7.55%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	9.37%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	10.35%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.41%	10.35%	+1.06%

OCIO vs. AVMA - Expense Ratio Comparison

OCIO has a 0.61% expense ratio, which is higher than AVMA's 0.21% expense ratio.

Dividends

OCIO vs. AVMA - Dividend Comparison

OCIO's dividend yield for the trailing twelve months is around 9.42%, more than AVMA's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVMA Avantis Moderate Allocation ETF	3.00%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OCIO ClearShares OCIO ETF	9.42%	10.27%	1.87%	2.32%	3.21%	2.83%	2.90%	2.22%	0.01%	1.68%

Frequently Asked Questions

Can I hold both OCIO and AVMA in my portfolio?

With a correlation of 0.90, OCIO and AVMA 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, OCIO or AVMA?

OCIO has higher volatility (4.69%) compared to AVMA (3.26%). In terms of maximum drawdown, OCIO dropped -24.21% vs AVMA's -11.81%.

Which ETF is better, OCIO or AVMA?

On 1-year performance, AVMA leads with 24.52% vs 22.19% for OCIO. On fees, AVMA is cheaper at 0.21% per year. On volatility, AVMA has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCIO or AVMA?

Over the 1-year period, AVMA has performed better with a 24.52% return vs 22.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCIO or AVMA?

AVMA is cheaper with a 0.21% expense ratio, compared with 0.61% for OCIO.

Which ETF pays a higher dividend yield, OCIO or AVMA?

OCIO has the higher dividend yield at 9.42%, compared with 3.00% for AVMA.

What is the main difference between OCIO and AVMA?

They also come from different issuers: ClearShares LLC and Avantis. Their fees differ too: 0.61% for OCIO and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.63 vs 2.12), 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.