AVLV vs VMAX
Avantis US Large Cap Value ETF vs Hartford US Value ETF
Which is better, AVLV or VMAX?
AVLV has been ahead.
AVLV has a lower expense ratio. AVLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 27.2%.
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 | VMAX |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.29% |
| AUM | $22.1B | $3M |
| Dividend Yield | 1.14% | 2.17% |
| Holdings | 601 | 127 |
| YTD Return | +21.50%Best | +16.66% |
| 1Y Return | +30.84%Best | +21.02% |
| 3Y Return (annualized) | +22.16% | - |
| 5Y Return (annualized) | +14.42% | - |
| Volatility (annualized) | 12.4% | 12.2%Best |
| Max Drawdown | -19.5% | -19.1%Best |
| $10,000 over 2.9 years | $17,886Best | $16,927 |
| Top 10 Weight | 27.2% | 19.0%Best |
| Fund Family | Avantis Investors | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Dec 5, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
AVLV vs VMAX 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 VMAX Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year AVLV returned +30.84% while VMAX returned +21.02%. Year to date, AVLV is up 21.50% versus a gain of 16.66% for VMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 12.2% for VMAX. 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 -19.1% for VMAX. 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 VMAX charges 0.29%. On a $10,000 position that is $15 vs $29 annually, a gap of $14 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 2.17% for VMAX.
Holdings Overlap
49.8% of AVLV's money is in holdings VMAX also owns. 54.8% of VMAX's money is in holdings AVLV also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 304 positions we hold weights for in AVLV and 125 in VMAX, against full books of 601 and 127.
What only one of them owns
Our book lists 64 positions for VMAX that do not appear in our book for AVLV (44.0% of the fund), and 219 for AVLV that do not appear in VMAX (49.0%).
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 VMAX | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 3.48% | 1.98% | 1.50% |
| AAPLApple, Inc | 2.75% | 1.32% | 1.43% |
| MUMicron Technology, Inc. | 3.45% | 0.58% | 2.87% |
| MSFTMicrosoft Corp | 3.45% | 0.31% | 3.14% |
| JPMJpmorgan Chase | 2.61% | 0.97% | 1.64% |
| AMZNAmazon.Com Inc | 2.93% | 0.59% | 2.34% |
| XOMExxonmobil Corp. | 2.42% | 1.06% | 1.36% |
| LLYEli Lilly & Co. | 2.20% | 1.04% | 1.16% |
| TGTTARGET CORP | 1.08% | 1.93% | 0.85% |
| PGRProgressive Corporation | 1.13% | 1.85% | 0.72% |
54.8% of VMAX 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 VMAX?
AVLV has an expense ratio of 0.15% while VMAX charges 0.29%. AVLV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, AVLV or VMAX?
Over the past year AVLV returned +30.84% vs +21.02% for VMAX, 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 VMAX?
AVLV has been the more volatile fund at 12.4% annualized versus 12.2% for VMAX. Worst drawdown: AVLV -19.5% vs VMAX -19.1%.
Should I hold both AVLV and VMAX?
AVLV and VMAX 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 VMAX?
54.8% of VMAX's money is in holdings AVLV also owns. 54.8% of VMAX's is in holdings AVLV also owns. They hold 58 positions in common, counted across the 304 positions we hold weights for in AVLV and 125 in VMAX.
Which pays a higher dividend, AVLV or VMAX?
AVLV yields 1.14% while VMAX yields 2.17%, so VMAX currently pays the higher dividend yield.
Is VMAX better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 27.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.