TDVG vs. AVIE

Last updated Aug 2, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, TDVG returned 14.55%/yr vs 12.55%/yr for AVIE. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TDVG charges 0.50%/yr vs 0.25%/yr for AVIE.

Performance

TDVG vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) 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, TDVG achieves a 10.93% return, which is significantly lower than AVIE's 18.41% return.

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

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
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M

TDVG vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	7.72%
AVIE Avantis Inflation Focused Equity ETF	18.41%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between TDVG and AVIE is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.71

Over the past year, the correlation between TDVG and AVIE has dropped to 0.50 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

TDVG vs. AVIE - Sectors Allocation Comparison

Sectors	TDVG	AVIE
Technology	27.4%	0.1%
Financial Services	19.3%	15.7%
Industrials	14.4%	1.7%
Healthcare	12.8%	29.6%
Consumer Cyclical	6.7%	0.1%
Consumer Defensive	6.6%	16.9%
Energy	4.5%	26.5%
Utilities	3.2%	0.0%
Basic Materials	2.8%	9.0%
Real Estate	1.5%	0.5%
Communication Services	0.8%	-

Return for Risk

TDVG vs. AVIE — Risk / Return Rank

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

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

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.

TDVG vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

	TDVG	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.87	3.16	-1.29
Sortino ratio: Return per unit of downside risk	2.69	4.62	-1.93
Omega ratio: Gain probability vs. loss probability	1.34	1.56	-0.23
Calmar ratio: Return relative to maximum drawdown	2.51	6.34	-3.83
Martin ratio: Return relative to average drawdown	10.48	21.65	-11.18

TDVG vs. AVIE - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.87, which is lower than the AVIE Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of TDVG 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

TDVG vs. AVIE - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for TDVG and AVIE.

Drawdown Indicators

	TDVG	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-12.39%	-6.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-4.97%	-2.27%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-12.39%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	—	—
Current Drawdown Current decline from peak	-0.92%	-0.88%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.67%	-2.93%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.45%	+0.28%

Volatility

TDVG vs. AVIE - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth ETF (TDVG) is 2.20%, while Avantis Inflation Focused Equity ETF (AVIE) has a volatility of 3.29%. This indicates that TDVG experiences smaller price fluctuations and is considered to be less risky than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDVG	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	3.29%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	7.47%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	10.05%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	12.85%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	12.85%	+0.96%

TDVG vs. AVIE - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

TDVG vs. AVIE - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.96%, less than AVIE's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVIE Avantis Inflation Focused Equity ETF	1.40%	1.75%	1.89%	3.72%	0.39%	0.00%	0.00%
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both TDVG and AVIE in my portfolio?

TDVG and AVIE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or AVIE?

AVIE has higher volatility (3.29%) compared to TDVG (2.20%). In terms of maximum drawdown, TDVG dropped -19.20% vs AVIE's -12.39%.

Which ETF is better, TDVG or AVIE?

On 3-year performance, TDVG leads with 14.55% vs 12.55% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, TDVG has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVG or AVIE?

Over the 3-year period, TDVG has performed better with a 14.55% return vs 12.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.50% for TDVG.

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

AVIE has the higher dividend yield at 1.40%, compared with 0.96% for TDVG.

What is the main difference between TDVG and AVIE?

They also come from different issuers: T. Rowe Price and Avantis. Their fees differ too: 0.50% for TDVG and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (3.16 vs 1.87), 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.