VEVRX vs. AVLV

Last updated Jun 24, 2026

VEVRX (Victory Sycamore Established Value Fund Class R6) and AVLV (Avantis U.S. Large Cap Value ETF) are both funds - VEVRX is a Mid Cap Value Equities fund actively managed by Victory, while AVLV is a Large Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, VEVRX returned 11.67%/yr vs 22.67%/yr for AVLV. Their correlation of 0.90 suggests significant overlap in exposure. VEVRX charges 0.54%/yr vs 0.15%/yr for AVLV.

Performance

VEVRX vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Sycamore Established Value Fund Class R6 (VEVRX) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEVRX achieves a 12.11% return, which is significantly lower than AVLV's 20.57% return.

VEVRX

• 1D: 0.26%
• 1M: 1.81%
• YTD: 12.11%
• 6M: 10.80%
• 1Y: 16.61%
• 3Y*: 11.67%
• 5Y*: 8.12%
• 10Y*: 11.44%

AVLV

• 1D: -1.02%
• 1M: 1.99%
• YTD: 20.57%
• 6M: 19.54%
• 1Y: 37.53%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

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

VEVRX vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VEVRX Victory Sycamore Established Value Fund Class R6	12.11%	2.66%	10.18%	10.46%	-2.51%	8.31%
AVLV Avantis U.S. Large Cap Value ETF	20.57%	15.12%	17.49%	17.43%	-5.53%	6.27%

Correlation

The correlation between VEVRX and AVLV is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.90

The correlation between VEVRX and AVLV has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

VEVRX vs. AVLV — Risk / Return Rank

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

VEVRX

VEVRX Risk / Return Rank: 33
VEVRX Sharpe Ratio Rank: 28
VEVRX Sortino Ratio Rank: 31
VEVRX Omega Ratio Rank: 27
VEVRX Calmar Ratio Rank: 42
VEVRX Martin Ratio Rank: 36

AVLV

AVLV Risk / Return Rank: 91
AVLV Sharpe Ratio Rank: 91
AVLV Sortino Ratio Rank: 91
AVLV Omega Ratio Rank: 89
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

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.

VEVRX vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Sycamore Established Value Fund Class R6 (VEVRX) and Avantis U.S. Large Cap Value ETF (AVLV). 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.

	VEVRX	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.99	-1.57
Sortino ratio: Return per unit of downside risk	2.17	4.11	-1.94
Omega ratio: Gain probability vs. loss probability	1.25	1.53	-0.28
Calmar ratio: Return relative to maximum drawdown	2.37	5.90	-3.53
Martin ratio: Return relative to average drawdown	7.41	23.36	-15.95

VEVRX vs. AVLV - Sharpe Ratio Comparison

The current VEVRX Sharpe Ratio is 1.42, which is lower than the AVLV Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of VEVRX and AVLV, 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

VEVRX vs. AVLV - Drawdown Comparison

The maximum VEVRX drawdown since its inception was -41.00%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for VEVRX and AVLV.

Drawdown Indicators

	VEVRX	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-41.00%	-19.50%	-21.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-6.39%	-1.10%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-19.50%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-20.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.00%	—	—
Current Drawdown Current decline from peak	-1.16%	-1.30%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.05%	-3.89%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.61%	+0.78%

Volatility

VEVRX vs. AVLV - Volatility Comparison

The current volatility for Victory Sycamore Established Value Fund Class R6 (VEVRX) is 3.32%, while Avantis U.S. Large Cap Value ETF (AVLV) has a volatility of 3.99%. This indicates that VEVRX experiences smaller price fluctuations and is considered to be less risky than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEVRX	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.99%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	9.41%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	12.60%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	17.33%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	17.33%	+1.89%

VEVRX vs. AVLV - Expense Ratio Comparison

VEVRX has a 0.54% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

VEVRX vs. AVLV - Dividend Comparison

VEVRX's dividend yield for the trailing twelve months is around 4.63%, more than AVLV's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLV Avantis U.S. Large Cap Value ETF	1.38%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEVRX Victory Sycamore Established Value Fund Class R6	4.63%	4.81%	11.61%	6.20%	8.30%	8.42%	5.50%	6.12%	10.72%	3.36%	1.53%	11.57%

Frequently Asked Questions

Can I hold both VEVRX and AVLV in my portfolio?

VEVRX and AVLV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEVRX or AVLV?

AVLV has higher volatility (3.99%) compared to VEVRX (3.32%). In terms of maximum drawdown, VEVRX dropped -41.00% vs AVLV's -19.50%.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (2.99 vs 1.42), 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.