ZDIVX vs. AVLVX

Last updated Jul 1, 2026

ZDIVX (Zacks Dividend Fund) and AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 3 years, ZDIVX returned 16.10%/yr vs 21.95%/yr for AVLVX. Their correlation of 0.88 suggests significant overlap in exposure. ZDIVX charges 1.30%/yr vs 0.15%/yr for AVLVX.

Performance

ZDIVX vs. AVLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Dividend Fund (ZDIVX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZDIVX achieves a 10.79% return, which is significantly lower than AVLVX's 22.82% return.

ZDIVX

• 1D: 0.16%
• 1M: 1.69%
• YTD: 10.79%
• 6M: 10.01%
• 1Y: 20.01%
• 3Y*: 16.10%
• 5Y*: 10.47%
• 10Y*: 10.75%

AVLVX

• 1D: 0.10%
• 1M: 1.83%
• YTD: 22.82%
• 6M: 21.82%
• 1Y: 38.02%
• 3Y*: 21.95%
• 5Y*: —
• 10Y*: —

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

ZDIVX vs. AVLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZDIVX Zacks Dividend Fund	10.79%	15.24%	16.03%	4.36%	10.31%
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	22.82%	15.23%	16.93%	16.75%	8.38%

Correlation

The correlation between ZDIVX and AVLVX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.88

The correlation between ZDIVX and AVLVX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

Return for Risk

ZDIVX vs. AVLVX — Risk / Return Rank

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

ZDIVX

ZDIVX Risk / Return Rank: 76
ZDIVX Sharpe Ratio Rank: 77
ZDIVX Sortino Ratio Rank: 79
ZDIVX Omega Ratio Rank: 73
ZDIVX Calmar Ratio Rank: 78
ZDIVX Martin Ratio Rank: 74

AVLVX

AVLVX Risk / Return Rank: 94
AVLVX Sharpe Ratio Rank: 96
AVLVX Sortino Ratio Rank: 92
AVLVX Omega Ratio Rank: 88
AVLVX Calmar Ratio Rank: 97
AVLVX Martin Ratio Rank: 98

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.

ZDIVX vs. AVLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Dividend Fund (ZDIVX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). 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.

	ZDIVX	AVLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.02	-0.92
Sortino ratio: Return per unit of downside risk	3.09	4.16	-1.07
Omega ratio: Gain probability vs. loss probability	1.38	1.54	-0.16
Calmar ratio: Return relative to maximum drawdown	2.98	6.39	-3.41
Martin ratio: Return relative to average drawdown	11.14	25.28	-14.13

ZDIVX vs. AVLVX - Sharpe Ratio Comparison

The current ZDIVX Sharpe Ratio is 2.10, which is lower than the AVLVX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of ZDIVX and AVLVX, 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

ZDIVX vs. AVLVX - Drawdown Comparison

The maximum ZDIVX drawdown since its inception was -35.27%, which is greater than AVLVX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for ZDIVX and AVLVX.

Drawdown Indicators

	ZDIVX	AVLVX	Difference
Max Drawdown Largest peak-to-trough decline	-35.27%	-19.51%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.01%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-19.51%	+5.44%
Max Drawdown (5Y) Largest decline over 5 years	-17.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.27%	—	—
Current Drawdown Current decline from peak	-0.13%	-0.56%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.87%	-3.15%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.52%	+0.33%

Volatility

ZDIVX vs. AVLVX - Volatility Comparison

The current volatility for Zacks Dividend Fund (ZDIVX) is 2.85%, while Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) has a volatility of 4.11%. This indicates that ZDIVX experiences smaller price fluctuations and is considered to be less risky than AVLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZDIVX	AVLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	4.11%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	9.50%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	9.86%	12.72%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	16.52%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	16.52%	-0.35%

ZDIVX vs. AVLVX - Expense Ratio Comparison

ZDIVX has a 1.30% expense ratio, which is higher than AVLVX's 0.15% expense ratio.

Dividends

ZDIVX vs. AVLVX - Dividend Comparison

ZDIVX's dividend yield for the trailing twelve months is around 3.34%, more than AVLVX's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.70%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZDIVX Zacks Dividend Fund	3.34%	3.70%	5.88%	6.01%	6.32%	3.97%	2.81%	2.51%	6.66%	3.30%	1.59%	2.85%

Frequently Asked Questions

Can I hold both ZDIVX and AVLVX in my portfolio?

ZDIVX and AVLVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZDIVX or AVLVX?

AVLVX has higher volatility (4.11%) compared to ZDIVX (2.85%). In terms of maximum drawdown, ZDIVX dropped -35.27% vs AVLVX's -19.51%.

Which has better risk-adjusted returns?

AVLVX currently has the higher Sharpe Ratio (3.02 vs 2.10), 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.