AVLV vs FELV
Avantis US Large Cap Value ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, AVLV or FELV?
AVLV has been ahead.
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 30.1%.
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 | FELV |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $22.1B | $3.4B |
| Dividend Yield | 1.14% | 1.43% |
| Holdings | 601 | 364 |
| YTD Return | +21.50% | +22.64%Best |
| 1Y Return | +30.84%Best | +29.22% |
| 3Y Return (annualized) | +22.16%Best | +21.98% |
| 5Y Return (annualized) | +14.42% | - |
| Volatility (annualized) | 12.6% | 11.6%Best |
| Max Drawdown | -19.5% | -16.1%Best |
| $10,000 over 2.9 years | $17,924Best | $17,793 |
| Top 10 Weight | 27.2%Best | 30.1% |
| Fund Family | Avantis Investors | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Nov 20, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
AVLV vs FELV 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 2.9 years both funds cover.
AVLV vs FELV Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US). Over the past year AVLV returned +30.84% while FELV returned +29.22%. Year to date, AVLV is up 21.50% versus a gain of 22.64% for FELV.
Over three years, AVLV compounded at +22.16% per year against +21.98% for FELV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 11.6% for FELV. 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 -16.1% for FELV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVLV charges 0.15% per year while FELV charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 1.43% for FELV.
Holdings Overlap
62.5% of AVLV's money is in holdings FELV also owns. 42.4% of FELV's money is in holdings AVLV also owns.
The two portfolios partly overlap.
98 positions in common, counted across the 304 positions we hold weights for in AVLV and 389 in FELV, against full books of 601 and 364.
What only one of them owns
Our book lists 248 positions for FELV that do not appear in our book for AVLV (56.6% of the fund), and 182 for AVLV that do not appear in FELV (36.7%).
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 FELV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.75% | 6.50% | 3.75% |
| AMZNAmazon.Com Inc | 2.93% | 6.20% | 3.27% |
| MSFTMicrosoft Corp | 3.45% | 4.67% | 1.22% |
| JPMJpmorgan Chase | 2.61% | 2.62% | 0.01% |
| XOMExxonmobil Corp. | 2.42% | 1.91% | 0.51% |
| METAMeta Platforms Inc | 3.48% | 0.63% | 2.85% |
| LLYEli Lilly & Co. | 2.20% | 0.12% | 2.08% |
| WFCWells Fargo & Co. | 1.32% | 0.90% | 0.42% |
| CVXChevron Corp | 0.87% | 1.21% | 0.34% |
| MSMorgan Stanley | 1.43% | 0.60% | 0.83% |
62.5% of AVLV is already inside FELV.
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 FELV?
AVLV has an expense ratio of 0.15% while FELV charges 0.18%. AVLV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, AVLV or FELV?
Over the past year AVLV returned +30.84% vs +29.22% for FELV, 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 FELV?
AVLV has been the more volatile fund at 12.6% annualized versus 11.6% for FELV. Worst drawdown: AVLV -19.5% vs FELV -16.1%.
Should I hold both AVLV and FELV?
AVLV and FELV have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AVLV and FELV?
62.5% of AVLV's money is in holdings FELV also owns. 42.4% of FELV's is in holdings AVLV also owns. They hold 98 positions in common, counted across the 304 positions we hold weights for in AVLV and 389 in FELV.
Which pays a higher dividend, AVLV or FELV?
AVLV yields 1.14% while FELV yields 1.43%, so FELV currently pays the higher dividend yield.
Is FELV better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 30.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.