PVEX vs. AVIE

Last updated Aug 1, 2026

PVEX (TrueShares ConVequity ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, PVEX returned 21.87% vs 31.98% for AVIE. Their 0.18 correlation means their historical movements had little consistent relationship. PVEX charges 0.79%/yr vs 0.25%/yr for AVIE.

Performance

PVEX vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares ConVequity ETF (PVEX) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVEX achieves a 6.90% return, which is significantly lower than AVIE's 18.41% return.

PVEX

• 1D: 0.86%
• 1M: -0.83%
• 6M: 6.01%
• YTD: 6.90%
• 1Y: 21.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.70%

AVIE

• 1D: -0.06%
• 1M: 2.39%
• 6M: 11.89%
• YTD: 18.41%
• 1Y: 31.98%
• 3Y*: 12.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVIE Avantis Inflation Focused Equity ETF	$108.24K	$116.86K	$98.80K
PVEX TrueShares ConVequity ETF	$145.95K	$146.08K	$218.56K

PVEX vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025
PVEX TrueShares ConVequity ETF	6.90%	13.68%
AVIE Avantis Inflation Focused Equity ETF	18.41%	8.96%

Correlation

The correlation between PVEX and AVIE is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.18

Return for Risk

PVEX vs. AVIE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PVEX

PVEX Risk / Return Rank: 50
PVEX Sharpe Ratio Rank: 46
PVEX Sortino Ratio Rank: 44
PVEX Omega Ratio Rank: 45
PVEX Calmar Ratio Rank: 62
PVEX Martin Ratio Rank: 54

AVIE

AVIE Risk / Return Rank: 96
AVIE Sharpe Ratio Rank: 97
AVIE Sortino Ratio Rank: 96
AVIE Omega Ratio Rank: 95
AVIE Calmar Ratio Rank: 96
AVIE Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PVEX vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	PVEX	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	3.16	-2.02
Sortino ratio: Return per unit of downside risk	1.63	4.62	-2.99
Omega ratio: Gain probability vs. loss probability	1.21	1.56	-0.35
Calmar ratio: Return relative to maximum drawdown	2.21	6.34	-4.13
Martin ratio: Return relative to average drawdown	6.51	21.65	-15.14

PVEX vs. AVIE - Sharpe Ratio Comparison

The current PVEX Sharpe Ratio is 1.14, which is lower than the AVIE Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of PVEX and AVIE, 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

PVEX vs. AVIE - Drawdown Comparison

The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum AVIE drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for PVEX and AVIE.

Drawdown Indicators

	PVEX	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-7.63%	-12.39%	+4.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-4.97%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-3.33%	-0.88%	-2.45%
Average Drawdown Average peak-to-trough decline	-2.08%	-2.93%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	1.45%	+1.15%

Volatility

PVEX vs. AVIE - Volatility Comparison

TrueShares ConVequity ETF (PVEX) has a higher volatility of 4.06% compared to Avantis Inflation Focused Equity ETF (AVIE) at 3.29%. This indicates that PVEX's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVEX	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	3.29%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	7.47%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	10.05%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	12.85%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	12.85%	+2.44%

PVEX vs. AVIE - Expense Ratio Comparison

PVEX has a 0.79% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

PVEX vs. AVIE - Dividend Comparison

PVEX's dividend yield for the trailing twelve months is around 0.18%, less than AVIE's 1.40% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.40%	1.75%	1.89%	3.72%	0.39%
PVEX TrueShares ConVequity ETF	0.18%	0.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PVEX and AVIE in my portfolio?

PVEX and AVIE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVEX or AVIE?

PVEX has higher volatility (4.06%) compared to AVIE (3.29%). In terms of maximum drawdown, PVEX dropped -7.63% vs AVIE's -12.39%.

Which ETF is better, PVEX or AVIE?

On 1-year performance, AVIE leads with 31.98% vs 21.87% for PVEX. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PVEX or AVIE?

Over the 1-year period, AVIE has performed better with a 31.98% return vs 21.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PVEX or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.79% for PVEX.

Which ETF pays a higher dividend yield, PVEX or AVIE?

AVIE has the higher dividend yield at 1.40%, compared with 0.18% for PVEX.

What is the main difference between PVEX and AVIE?

They also come from different issuers: TrueShares and Avantis. Their fees differ too: 0.79% for PVEX and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (3.16 vs 1.14), 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.