Data as of Oct 28, 2026.
AVLV vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVLV returned +29.6% to VOE's +22.8%; 21% of their weight is in the same names.
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Net assets: $22.4bn on Oct 27, 2026 for Avantis U.S. Large Cap Value ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
VOE costs 0.10 points a year less; their one-year returns differ by 6.8 points.
| Measure | AVLV | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.6% | +22.8% |
| Benchmark | ||
| What it tracks | No index, actively managed | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, AVLV as of Oct 27, 2026 and VOE as of Sep 30, 2026 | $22.4bn | $22.8bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 26.8% | 14.0% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 1, 2021 to Oct 23, 2026 · 264 weekly returnsAVLV returned more: +100.3% to +64.3%. VOE swung slightly less: 15.4% to 16.0%. AVLV fell slightly less at its worst: −18.3% to −18.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVLV | VOE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +100.3% | +64.3% | AVLV | Price change plus distributions, reinvested. |
| Annualized | +14.7% | +10.3% | AVLV | Total return as a yearly rate. |
| Price return | +84.5% | +46.9% | AVLV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 15.4% | VOE (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 10.8% | VOE (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.3% | −18.9% | AVLV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.46 | AVLV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.99 | 0.66 | AVLV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.80 | 0.54 | 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
By the books each fund has filed, AVLV and VOE hold 21% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
21% in common
Only in one fund ↓
Side by side
AVLV and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVLV and VOE do different jobs. What does each one do in a portfolio?
- What each follows. AVLV follows No index, actively managed and VOE follows Morningstar US Mid Cap Value Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVLV returned +29.6% and VOE +22.8% with distributions reinvested, a gap of 6.8 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%.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, AVLV or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, AVLV returned +29.6% and VOE +22.8%.
- Which is cheaper, AVLV or VOE?
- VOE is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, AVLV against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/avlv-vs-voe
ETFIQ. (Oct 28, 2026). AVLV against VOE. Retrieved from https://etfiq.com/compare/any/avlv-vs-voe
[AVLV against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avlv-vs-voe)
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