Which returned more over the last year, AVLV or USMV?

In the year to Oct 28, 2026, with distributions reinvested, AVLV returned +29.6% and USMV +10.8%.

Which is cheaper, AVLV or USMV?

Neither: AVLV and USMV both charge 0.15% a year. Fees come from each fund's prospectus.

How much do AVLV and USMV overlap with the S&P 500?

By their latest filed holdings, 84% of AVLV and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AVLV vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVLV returned +29.6% to USMV's +10.8%; 18% of their weight is in the same names.

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Net assets on Oct 27, 2026: $22.4bn for Avantis U.S. Large Cap Value ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

AVLV on its own →USMV on its own →

At a glance

+29.6%

AVLV total return, 1 year

+10.8%

USMV total return, 1 year

0.15%

AVLV expense ratio

0.15%

USMV expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 18.8 points; USMV is 1.1 times larger.

Points (pts) are percentage points.

AVLV vs USMV: Differences, Returns & Fees
Measure	AVLV	USMV
Return
Measure	AVLV	USMV
Total return, 1 year	+29.6%	+10.8%
Benchmark
Measure	AVLV	USMV
What it tracks	No index, actively managed	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	AVLV	USMV
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$22.4bn	$24.1bn
Holdings
Measure	AVLV	USMV
Holdings in common	18%
Top ten holdings, share of the fund	26.8%	14.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 1, 2021 to Oct 23, 2026 · 264 weekly returns

AVLV USMV

Return

Total return edge AVLV +100.3% +51.1%

Annualized edge AVLV +14.7% +8.5%

Price return edge AVLV +84.5% +39.3%

Risk

Volatility edge USMV 16.0% 12.2%

Max drawdown edge USMV (slight) −18.3% −17.6%

Risk-adjusted

Sharpe edge AVLV 0.69 0.41

Sortino edge AVLV 0.99 0.60

Calmar edge AVLV 0.80 0.48

Reading

AVLV returned more: +100.3% to +51.1%. USMV swung less: 12.2% to 16.0%. USMV fell slightly less at its worst: −17.6% to −18.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AVLV vs USMV: Differences, Returns & Fees
Measure	AVLV	USMV	Edge	How it is measured
Return
Total return	+100.3%	+51.1%	AVLV	Price change plus distributions, reinvested.
Annualized	+14.7%	+8.5%	AVLV	Total return as a yearly rate.
Price return	+84.5%	+39.3%	AVLV	Price change alone, distributions left out.
Risk
Volatility	16.0%	12.2%	USMV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.2%	8.3%	USMV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.3%	−17.6%	USMV (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.69	0.41	AVLV	Return above Treasury bills per unit of volatility.
Sortino	0.99	0.60	AVLV	Return above Treasury bills per unit of downside deviation.
Calmar	0.80	0.48	AVLV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 264 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

18%

By the books each fund has filed, AVLV and USMV hold 18% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first AVLV USMV

MICROSOFT CORP COMMON STOCK USD.00000625 3.48% 1.61%

EXXONMOBIL HOLDINGS CORP COMMON STOCK 2.56% 1.54%

VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 1.54% 1.26%

APPLE INC COMMON STOCK USD.00001 2.85% 0.96%

TJX COMPANIES INC COMMON STOCK USD1.0 1.30% 0.95%

ELI LILLY + CO COMMON STOCK 2.51% 0.84%

TRAVELERS COS INC/THE COMMON STOCK 1.10% 0.83%

CHUBB LTD COMMON STOCK 0.70% 1.50%

PROGRESSIVE CORP COMMON STOCK USD1.0 1.21% 0.70%

MICRON TECHNOLOGY INC COMMON STOCK USD.1 2.96% 0.69%

CONOCOPHILLIPS COMMON STOCK USD.01 1.27% 0.66%

CHEVRON CORP COMMON STOCK USD.75 1.02% 0.64%

Only in one fund ↓

Only in AVLV

JPMORGAN CHASE + CO COMMON STOCK USD1.0 2.66%

UNION PACIFIC CORP COMMON STOCK USD2.5 1.69%

MORGAN STANLEY COMMON STOCK USD.01 1.41%

WELLS FARGO + CO COMMON STOCK USD1.666 1.39%

AMERICAN EXPRESS CO COMMON STOCK USD.2 1.17%

CSX CORP COMMON STOCK USD1.0 1.16%

CATERPILLAR INC COMMON STOCK USD1.0 1.06%

TARGET CORP COMMON STOCK USD.0833 1.02%

Only in USMV

BERKSHIRE HATHAWAY INC CLASS B 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

JOHNSON & JOHNSON 1.44%

MCKESSON CORP 1.43%

WELLTOWER 1.41%

DUKE ENERGY CORP 1.38%

WASTE MANAGEMENT INC 1.38%

Check overlap with more funds →

Side by side

AVLV Avantis U.S. Large Cap Value ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis iShares

What it is Actively managed Tracks the MSCI USA Min Vol Factor

Total return, 1 year +29.6% +10.8%

Its benchmark over the same days +27.5% (IWD) not measured

Gap to its benchmark +2.1 pts vs IWD not measured

Expense ratio 0.15% 0.15%

Already in the S&P 500 84.3% 93.0%

Holdings 298 176

Net assets, as of Oct 27, 2026 $22.4bn $24.1bn

AVLV and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-1E11706655

AVLV and USMV do different jobs. What does each one do in a portfolio?

What each follows. AVLV follows No index, actively managed and USMV follows MSCI USA Minimum Volatility (USD) Index.
Holdings in common. 18% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AVLV returned +29.6% and USMV +10.8% with distributions reinvested, a gap of 18.8 points.

Data as of Oct 28, 2026.

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About each fund

AVLV

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%.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, AVLV or USMV?: In the year to Oct 28, 2026, with distributions reinvested, AVLV returned +29.6% and USMV +10.8%.
Which is cheaper, AVLV or USMV?: Neither: AVLV and USMV both charge 0.15% a year. Fees come from each fund's prospectus.
How much do AVLV and USMV overlap with the S&P 500?: By their latest filed holdings, 84% of AVLV and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

AVLV vs BAFE AVLV vs QUS AVLV vs EPS AVLV vs DFAL FNDX vs USMV HDV vs USMV PVAL vs USMV CGDV vs USMV

Where to next

AVLV on its own →USMV on its own →Hold both: look the portfolio through →Rankings →AVLV dividend history →AVLV holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

AVLV filings on SEC EDGAR ↗

AVLV prospectus with the expense ratio (SEC) ↗

Avantis website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVLV against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/avlv-vs-usmv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.