TMFE vs. AVIE

Last updated Jul 17, 2026

TMFE (The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. TMFE is passively managed, while AVIE is actively managed. Over the past 3 years, TMFE returned 17.31%/yr vs 13.39%/yr for AVIE. At a 0.42 correlation, their price movements are largely independent. TMFE charges 0.50%/yr vs 0.25%/yr for AVIE.

Performance

TMFE vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE) 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, TMFE achieves a 4.45% return, which is significantly lower than AVIE's 16.68% return.

TMFE

• 1D: 0.68%
• 1M: 2.48%
• 6M: 4.18%
• YTD: 4.45%
• 1Y: 10.30%
• 3Y*: 17.31%
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 1.01%
• 1M: 2.61%
• 6M: 12.54%
• YTD: 16.68%
• 1Y: 27.37%
• 3Y*: 13.39%
• 5Y*: —
• 10Y*: —

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

TMFE vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TMFE The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF	4.45%	11.10%	27.95%	41.12%	2.98%
AVIE Avantis Inflation Focused Equity ETF	16.68%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between TMFE and AVIE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.42

Over the past year, the correlation between TMFE and AVIE has dropped to 0.18 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

TMFE vs. AVIE - Sectors Allocation Comparison

Sectors	TMFE	AVIE
Technology	29.5%	0.1%
Consumer Cyclical	18.4%	0.0%
Communication Services	14.4%	-
Consumer Defensive	11.1%	17.1%
Healthcare	10.0%	26.3%
Financial Services	9.8%	15.0%
Industrials	4.5%	1.3%
Basic Materials	2.1%	9.8%
Real Estate	0.2%	0.1%
Energy	-	30.0%
Utilities	-	0.0%

Return for Risk

TMFE vs. AVIE — Risk / Return Rank

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

TMFE

TMFE Risk / Return Rank: 26
TMFE Sharpe Ratio Rank: 27
TMFE Sortino Ratio Rank: 27
TMFE Omega Ratio Rank: 25
TMFE Calmar Ratio Rank: 24
TMFE Martin Ratio Rank: 30

AVIE

AVIE Risk / Return Rank: 93
AVIE Sharpe Ratio Rank: 93
AVIE Sortino Ratio Rank: 94
AVIE Omega Ratio Rank: 91
AVIE Calmar Ratio Rank: 94
AVIE Martin Ratio Rank: 92

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.

TMFE vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE) 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.

	TMFE	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.71	-1.89
Sortino ratio: Return per unit of downside risk	1.22	3.96	-2.74
Omega ratio: Gain probability vs. loss probability	1.15	1.48	-0.33
Calmar ratio: Return relative to maximum drawdown	0.92	5.53	-4.62
Martin ratio: Return relative to average drawdown	3.34	17.46	-14.13

TMFE vs. AVIE - Sharpe Ratio Comparison

The current TMFE Sharpe Ratio is 0.83, which is lower than the AVIE Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of TMFE 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

TMFE vs. AVIE - Drawdown Comparison

The maximum TMFE drawdown since its inception was -31.21%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for TMFE and AVIE.

Drawdown Indicators

	TMFE	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-31.21%	-12.39%	-18.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-4.97%	-6.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.81%	-12.39%	-6.42%
Current Drawdown Current decline from peak	0.00%	-0.28%	+0.28%
Average Drawdown Average peak-to-trough decline	-8.18%	-2.96%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.57%	+1.52%

Volatility

TMFE vs. AVIE - Volatility Comparison

The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE) and Avantis Inflation Focused Equity ETF (AVIE) have volatilities of 3.90% and 3.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMFE	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.73%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	7.59%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	10.14%	+2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	12.90%	+6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	12.90%	+6.24%

TMFE vs. AVIE - Expense Ratio Comparison

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

Dividends

TMFE vs. AVIE - Dividend Comparison

TMFE's dividend yield for the trailing twelve months is around 0.31%, less than AVIE's 1.42% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.42%	1.75%	1.89%	3.72%	0.39%
TMFE The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF	0.31%	0.32%	0.44%	0.45%	0.40%

Frequently Asked Questions

Can I hold both TMFE and AVIE in my portfolio?

TMFE and AVIE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMFE or AVIE?

TMFE has higher volatility (3.90%) compared to AVIE (3.73%). In terms of maximum drawdown, TMFE dropped -31.21% vs AVIE's -12.39%.

Which ETF is better, TMFE or AVIE?

On 3-year performance, TMFE leads with 17.31% vs 13.39% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMFE or AVIE?

Over the 3-year period, TMFE has performed better with a 17.31% return vs 13.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMFE or AVIE?

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

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

AVIE has the higher dividend yield at 1.42%, compared with 0.31% for TMFE.

What is the main difference between TMFE and AVIE?

They also come from different issuers: RBB Fund and Avantis. Their fees differ too: 0.50% for TMFE and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.71 vs 0.83), 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.