AVLV vs FELV
Avantis US Large Cap Value ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, AVLV or FELV?
Each has led over a different period.
AVLV has a lower expense ratio. AVLV led over 1Y and 3Y, FELV over the full window. The two have moved almost in lockstep, correlation 0.93.
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 | $22.3B | $3.7B |
| Dividend Yield | 1.09% | 1.38% |
| Holdings | 615 | 801 |
| YTD Return | +23.75% | +26.18%Best |
| 1Y Return | +29.51%Best | +29.18% |
| 3Y Return (annualized) | +23.55%Best | +22.50% |
| 5Y Return (annualized) | +13.52% | - |
| Volatility (annualized) | 12.5% | 11.5%Best |
| Max Drawdown | -19.5% | -16.1%Best |
| $10,000 over 3 years | $18,333 | $18,383Best |
| Fund Family | Avantis Investors | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Nov 20, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Nov 20, 2023 to Nov 12, 2026 (3 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 3 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 +29.51% while FELV returned +29.18%. Year to date, AVLV is up 23.75% versus a gain of 26.18% for FELV.
Over three years, AVLV compounded at +23.55% per year against +22.50% 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 12.5% compared with 11.5% 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 1.09% against 1.38% for FELV.
You are not choosing between two funds in isolation.
Whichever of AVLV and FELV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
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 +29.51% vs +29.18% 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 12.5% annualized versus 11.5% 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.
Which pays a higher dividend, AVLV or FELV?
AVLV yields 1.09% while FELV yields 1.38%, so FELV currently pays the higher dividend yield.
Is FELV better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y and 3Y, FELV over the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.