AVLV vs TVAL
Avantis US Large Cap Value ETF vs T. Rowe Price Value ETF
Which is better, AVLV or TVAL?
Nearly the same fund. AVLV costs less.
AVLV has a lower expense ratio. AVLV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 29.8%.
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 | TVAL |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.33% |
| AUM | $22.1B | $1.1B |
| Dividend Yield | 1.14% | 0.97% |
| Holdings | 601 | 155 |
| YTD Return | +21.50%Best | +20.77% |
| 1Y Return | +30.84%Best | +27.42% |
| 3Y Return (annualized) | +22.16%Best | +20.43% |
| 5Y Return (annualized) | +14.42% | - |
| Volatility (annualized) | 13.1% | 12.2%Best |
| Max Drawdown | -19.5% | -15.8%Best |
| $10,000 over 3.3 years | $18,367Best | $17,223 |
| Top 10 Weight | 27.2%Best | 29.8% |
| Fund Family | Avantis Investors | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Oct 14, 2026 (3.3 years).
AVLV vs TVAL 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 3.3 years both funds cover.
AVLV vs TVAL Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year AVLV returned +30.84% while TVAL returned +27.42%. Year to date, AVLV is up 21.50% versus a gain of 20.77% for TVAL.
Over three years, AVLV compounded at +22.16% per year against +20.43% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.2% for TVAL. 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 -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 TVAL charges 0.33%. On a $10,000 position that is $15 vs $33 annually, a gap of $18 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 0.97% for TVAL.
Holdings Overlap
44.2% of AVLV's money is in holdings TVAL also owns. 47.4% of TVAL's money is in holdings AVLV also owns.
The two portfolios partly overlap.
48 positions in common, counted across the 304 positions we hold weights for in AVLV and 148 in TVAL, against full books of 601 and 155.
What only one of them owns
Our book lists 93 positions for TVAL that do not appear in our book for AVLV (48.3% of the fund), and 231 for AVLV that do not appear in TVAL (55.0%).
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 TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 2.93% | 6.50% | 3.57% |
| MSFTMicrosoft Corp | 3.45% | 5.15% | 1.70% |
| AAPLApple, Inc | 2.75% | 5.78% | 3.03% |
| XOMExxonmobil Corp. | 2.42% | 2.02% | 0.40% |
| JPMJpmorgan Chase | 2.61% | 1.74% | 0.87% |
| METAMeta Platforms Inc | 3.48% | 0.63% | 2.85% |
| COPConocophillips Common Stock USD 0.01 | 1.13% | 1.94% | 0.81% |
| SCHWSchwab Strategic T | 1.03% | 1.69% | 0.66% |
| CSXCsx Corp. | 1.06% | 1.55% | 0.49% |
| CBChubb Ltd Common Stock Usd 24.15 | 0.78% | 1.60% | 0.82% |
47.4% of TVAL 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 TVAL?
AVLV has an expense ratio of 0.15% while TVAL charges 0.33%. AVLV is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, AVLV or TVAL?
Over the past year AVLV returned +30.84% vs +27.42% for TVAL, 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 TVAL?
AVLV has been the more volatile fund at 13.1% annualized versus 12.2% for TVAL. Worst drawdown: AVLV -19.5% vs TVAL -15.8%.
Should I hold both AVLV and TVAL?
AVLV and TVAL have a monthly-return correlation of 0.95, 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 TVAL?
47.4% of TVAL's money is in holdings AVLV also owns. 47.4% of TVAL's is in holdings AVLV also owns. They hold 48 positions in common, counted across the 304 positions we hold weights for in AVLV and 148 in TVAL.
Which pays a higher dividend, AVLV or TVAL?
AVLV yields 1.14% while TVAL yields 0.97%, so AVLV currently pays the higher dividend yield.
Is TVAL 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 0.95. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 29.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.