Data as of Oct 28, 2026.
AVLV vs GLD: Differences, Returns & Fees
AVLV is an actively managed equity fund and GLD a commodity fund, and over the year to Oct 28, 2026, AVLV returned +29.6% against +2.5%.
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Net assets on Oct 27, 2026: $22.4bn for Avantis U.S. Large Cap Value ETF and $135.8bn for SPDR Gold Shares.
Pair scorecard
AVLV costs 0.25 points a year less; their one-year returns differ by 27.1 points; GLD is 6.1 times larger.
| Measure | AVLV | GLD |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.6% | +2.5% |
| Drawdown | ||
| Below its high | 24.7%, high on Jan 29, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Gold |
| Cost and size | ||
| Expense ratio | 0.15% | 0.40% |
| Net assets, as of Oct 27, 2026 | $22.4bn | $135.8bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 84% | |
| Top ten holdings, share of the fund | 26.8% | |
Risk and return
Oct 1, 2021 to Oct 23, 2026 · 264 weekly returnsEach against its own benchmark: AVLV against IWD, Oct 1, 2021 to Oct 23, 2026; GLD against IAU, Feb 4, 2005 to Oct 23, 2026.
GLD returned more: +122.7% to +100.3%. AVLV swung slightly less: 16.0% to 16.8%. AVLV fell less at its worst: −18.3% to −24.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AVLV | GLD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +100.3% | +122.7% | GLD | Price change plus distributions, reinvested. |
| Annualized | +14.7% | +17.1% | GLD | Total return as a yearly rate. |
| Price return | +84.5% | +122.7% | GLD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 16.8% | AVLV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 10.9% | GLD (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.3% | −24.2% | AVLV | Deepest fall from a high to the low after it. |
| Upside capture | 108.3% | 99.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.6% | 99.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.06 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.91 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.79 | GLD | Return above Treasury bills per unit of volatility. |
| Sortino | 0.99 | 1.22 | GLD | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.104 | 0.097 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.80 | 0.71 | AVLV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWD | IAU | The ETF each fund is measured against. | |
| Alpha | +2.0% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.94 | −0.57 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.2% to +6.1% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.52 | −0.18 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.8% | 0.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 264 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
AVLV and GLD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVLV and GLD do different jobs. What does each one do in a portfolio?
- What each follows. AVLV follows No index, actively managed and GLD follows Gold.
- One-year total return. Over 1 year to Oct 28, 2026 AVLV returned +29.6% and GLD +2.5% with distributions reinvested, a gap of 27.1 points.
- Cost. AVLV charges 0.15% of assets a year and GLD 0.40%, a gap of 0.25 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +29.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value.
AVLV is actively managed and tracks no index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 298 positions, with the top ten at 26.8%.
Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.
GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AVLV or GLD?
- In the year to Oct 28, 2026, with distributions reinvested, AVLV returned +29.6% and GLD +2.5%.
- Which is cheaper, AVLV or GLD?
- AVLV is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, AVLV against GLD, data as of Oct 28, 2026. https://etfiq.com/compare/any/avlv-vs-gld
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