AVLV vs DIVL
Avantis US Large Cap Value ETF vs Madison Dividend Value ETF
Which is better, AVLV or DIVL?
AVLV has been ahead.
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 41.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVLV | DIVL |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.65% |
| AUM | $22.1B | $61M |
| Dividend Yield | 1.14% | 1.83% |
| Holdings | 601 | 40 |
| YTD Return | +22.47%Best | +11.11% |
| 1Y Return | +31.42%Best | +12.67% |
| 3Y Return (annualized) | +22.46%Best | +12.20% |
| 5Y Return (annualized) | +14.41% | - |
| Volatility (annualized) | 13.2% | 12.1%Best |
| Max Drawdown | -19.5% | -14.1%Best |
| $10,000 over 3.2 years | $18,143Best | $13,665 |
| Top 10 Weight | 27.2%Best | 41.2% |
| Fund Family | Avantis Investors | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Aug 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 15, 2026 (3.2 years).
AVLV vs DIVL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
AVLV vs DIVL Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds. Over the past year AVLV returned +31.42% while DIVL returned +12.67%. Year to date, AVLV is up 22.47% versus a gain of 11.11% for DIVL.
Over three years, AVLV compounded at +22.46% per year against +12.20% for DIVL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.1% for DIVL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.5% for AVLV and -14.1% for DIVL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVLV charges 0.15% per year while DIVL charges 0.65%. On a $10,000 position that is $15 vs $65 annually, a gap of $50 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 1.83% for DIVL.
Holdings Overlap
13.2% of AVLV's money is in holdings DIVL also owns. 32.6% of DIVL's money is in holdings AVLV also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 304 positions we hold weights for in AVLV and 37 in DIVL, against full books of 601 and 40.
What only one of them owns
Our book lists 24 positions for DIVL that do not appear in our book for AVLV (66.0% of the fund), and 265 for AVLV that do not appear in DIVL (85.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AVLV | Weight in DIVL | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 2.42% | 5.26% | 2.84% |
| CVXChevron Corp | 0.87% | 5.27% | 4.40% |
| JPMJpmorgan Chase | 2.61% | 2.77% | 0.16% |
| UNPUnion Pacific Corp | 1.59% | 3.49% | 1.90% |
| COPConocophillips Common Stock USD 0.01 | 1.13% | 3.56% | 2.43% |
| MSMorgan Stanley | 1.43% | 1.78% | 0.35% |
| APDAir Products & Chemicals Inc. | 0.30% | 2.82% | 2.52% |
| FASTFastenal Co. | 0.44% | 2.52% | 2.08% |
| SCHWSchwab Strategic T | 1.03% | 1.50% | 0.47% |
| EOGEog Resources Inc | 0.86% | 1.22% | 0.36% |
32.6% of DIVL is already inside AVLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVLV or DIVL?
AVLV has an expense ratio of 0.15% while DIVL charges 0.65%. AVLV is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, AVLV or DIVL?
Over the past year AVLV returned +31.42% vs +12.67% for DIVL, so AVLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLV or DIVL?
AVLV has been the more volatile fund at 13.2% annualized versus 12.1% for DIVL. Worst drawdown: AVLV -19.5% vs DIVL -14.1%.
Should I hold both AVLV and DIVL?
AVLV and DIVL have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AVLV and DIVL?
32.6% of DIVL's money is in holdings AVLV also owns. 32.6% of DIVL's is in holdings AVLV also owns. They hold 12 positions in common, counted across the 304 positions we hold weights for in AVLV and 37 in DIVL.
Which pays a higher dividend, AVLV or DIVL?
AVLV yields 1.14% while DIVL yields 1.83%, so DIVL currently pays the higher dividend yield.
Is DIVL better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.