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AVLC vs GGM

Avantis U.S. Large Cap Equity ETF

AVLCANYSE Arca

GGM Macro Alignment ETF

GGMDNYSE Arca

Overlap

0.0%by weight

Expense ratio

AVLC −0.79pt a year

AVLC0.15%GGM0.94%

Avg volume · 30D

AVLC 54.2×the volume

AVLC78.8KGGM1.45K

3Y return · a year

AVLC +15.1pt

AVLC+22.7%GGM+7.6%

AVLC vs GGM Performance

Oct 31, 2025 – Nov 2, 2026

+15.9%AVLC+7.8%GGM

Oct 31, 2025 to Nov 2, 2026. AVLC +15.9%. GGM +7.8%. Use the arrow keys to read each point.−5%0%20%Oct 2025May 2026Nov 2026
Expense ratio
AVLC 0.15%, better
GGM 0.94%
Fund size
AVLC $1.58B
GGM $20M
1Y total return
AVLC +15.9%, better
GGM +7.8%
Yield (12M)
AVLC 0.88%
GGM 1.45%, better
Holdings
AVLC 849
GGM 5
Avg volume (30D)
AVLC 78.8K sh, better
GGM 1.45K sh
NAV per share
AVLC $90.02
GGM $29.99
52W range

ETF.net Grade

AVLC: Cost 96, Risk 66, Mission not scored, Tradability 93, Holdings 86, Durability 81. GGM: Cost 20, Risk 45, Mission not scored, Tradability 16, Holdings 23, Durability 26.
Pillar letters and Scores for AVLC, GGM, with each pillar’s weight
PillarAVLCGGM
Cost30% weightA96HigherF20
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC45
Tradability15% weightA93HigherF16
Holdings10% weightA86HigherF23
Durability5% weightA81HigherD26

Rank among US Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVLC and GGM are both graded against the same 121 US Active Equity funds, so their Grades compare head to head.

US Active Equity⁠

Category · 121 funds
See all 121 ›

AVLC ranks 1st and GGM 111th of 121 funds in the US Active Equity Category.

  1. Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
  2. Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
  3. Rank 110DRHRXAdaptive Tactical Rotation ETFScore 27
  4. Rank 111DGGMGGM Macro Alignment ETFScore 25
  5. Rank 112FAVRYAvory Foundational ETFScore 23

Our read on each fund

ETF.net Research

AVLCAAvantis U.S. Large Cap Equity ETF

GGMDGGM Macro Alignment ETF

In short

AVLC Active management with index-fund manners: roughly 900 U.S. large caps, with the dial turned toward cheaper, more profitable companies. Avantis charges 0.15% a year to do it.

GGM Think of the economy as having seasons. GGM is an actively managed fund-of-funds that dresses for the current one, shifting among sector and style ETFs as the macro picture changes, all inside a single ticker.

Stated mandate

AVLC The fund seeks long-term capital appreciation. It invests broadly in U.S. large-capitalization companies while using active decisions to overweight lower valuations and higher profitability.

GGM The Fund seeks long-term capital appreciation.

Why people hold it

  • AVLC 0.15% a year against a 0.65% median for active U.S. equity funds. That is passive-style pricing on an actively run book.
  • Holds about 900 names against the Russell 1000, so the value and profitability tilts sit on top of broad market exposure instead of a concentrated bet.avantisinvestors.com
  • One of the stronger builds in the active U.S. equity group, priced in the same neighborhood as the Dimensional core funds (DFAU, DFAC) it competes with.
  • A multi-billion-dollar fund that trades steadily, so spreads and liquidity are rarely the sticking point. Distributions are paid quarterly.
  • GGM One ticker, one decision. The manager handles the sector and style rotation, moving the mix as the economic climate shifts rather than leaving the timing calls to you.ggmetf.com
  • Exposure comes from baskets, not single names: broad sector, sub-sector and style ETFs are the building blocks, so no one stock can wreck a quarter.usnews.comggmetf.com
  • The tilts come from a process, not a hunch. The team maps and measures economic variables, then aligns the portfolio with what those readings say about the current climate.ggmetf.com

Worth knowing

  • AVLC Launched in 2023. The tilt philosophy is well worn at Avantis, but this fund's own live record is still short.
  • Active, not index-tracking. The Russell 1000 is a reference point, not a leash, so holdings and weights can drift from it.
  • Leaning toward cheaper, higher-profitability companies means stretches where it moves differently from the plain cap-weighted market, in either direction.avantisinvestors.com
  • GGM At 0.94%, the fee runs above the typical active US equity ETF, and core peers like DFAU and FELC charge a fraction of it. A fund-of-funds also carries its underlying ETFs' costs.usnews.com
  • A small fund that trades lightly. Spreads can be wider than at big-name peers, and sizeable orders may need patience.
  • Launched in 2023, so the full economic cycle this strategy is built around is still in progress.ggmetf.com

Full AVLC profile⁠

Full GGM profile⁠

AVLC vs GGM Holdings

How AVLC and GGM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AVLC and 0.0% of GGM.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors57.8%
  • Countryby domicile99.2%
  • Asset classEquity100%

Sector

Sector weights in AVLC and GGM, widest gap first
SectorMore in AVLCMore in GGM
TechnologyAVLC +17.9 points
EnergyGGM +16.4 points
MaterialsGGM +14.8 points
IndustrialsGGM +10.3 points
FinancialsAVLC +9.7 points
Health CareAVLC +4.4 points
CommunicationAVLC +4.0 points
Consumer DiscretionaryAVLC +2.7 points
Consumer StaplesAVLC +2.4 points
UtilitiesAVLC +1.1 points
Real EstateGGM +0.6 points

Country, concentration and asset class

Country by domicile

Country weights in AVLC and GGM, widest gap first
CountryMore in AVLCMore in GGM
United StatesGGM +0.4 points
TaiwanGGM +0.4 points
SwitzerlandAVLC +0.4 points
MexicoAVLC +0.2 points
Hong KongGGM +0.1 points
ChinaSame weight
IrelandAVLC +0.1 points
United KingdomAVLC +0.1 points
Other countries (4)AVLC +0.2 points

Concentration

Weight in the 10 largest Holdings

  • AVLC29.8%
  • GGM100.1%

Securities held

  • AVLC848
  • GGM5

Asset class

AVLC
Equity
GGM
Equity

Holdings

  • Only in AVLC848
  • In both0
  • Only in GGM5

Only in AVLC

848 securities, 100% of AVLC by weight

  • Apple Inc Common Stock USD.000015.85%
  • NVIDIA Corp Common Stock USD.0015.13%
  • Microsoft Corp Common Stock USD.000006255.08%

Only in GGM

5 securities, 100% of GGM by weight

  • Ss Spdr Sp Semic20.59%
  • Spdr S&P Met & M20.30%
  • Ss Energy Select19.92%

Weight gaps

AVLC and GGM share no securities.

All 824 AVLC holdings⁠All GGM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVLC vs GGM Cost

Overpaying GGM vs AVLC

$14,567

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AVLC 0.15%

    $3,137

  • GGM 0.94%

    $17,704

$10,000
30 years

Cost over time

  • AVLC 0.15%
  • GGM 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGM $17,704AVLC $3,137

Year by year

YearAVLCGGMOverpaying
10$274$1,661$1,387
20$1,071$6,260$5,189
30$3,137$17,704$14,567

Expense ratio

  • 0.15%AVLC, cheaper
  • 0.94%GGM
  • Middle half of US Active Equity funds
  • Median 0.68%

AVLC 6th cheapest of 121 funds

GGM 98th cheapest of 121 funds

AVLC vs GGM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AVLC 0.88%
GGM 1.45%, better
Payout (12M)
AVLC $0.79
GGM $0.43
Last payment
AVLC $0.19
GGM $0.43
Ex-dividend
AVLC Sep 8, 2026
GGM Dec 26, 2025
Paid on
AVLC Sep 10, 2026
GGM Jan 5, 2026
Frequency
AVLC Quarterly
GGM Annual

Distribution history

Per share, 2023 to 2026, same scale for both

AVLCQuarterly · 12 paymentsAll AVLC payments⁠
One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 18, 2023 $0.21; Mar 21, 2024 $0.18; Jun 24, 2024 $0.17; Sep 23, 2024 $0.15; Dec 17, 2024 $0.23; Mar 25, 2025 $0.18; Jun 24, 2025 $0.20; Sep 23, 2025 $0.14; Dec 16, 2025 $0.22; Mar 10, 2026 $0.15; Jun 9, 2026 $0.23; Sep 8, 2026 $0.19. Use the arrow keys to read each point.$0$0.5020232026YTD
GGMAnnual · 3 paymentsAll GGM payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.13; Dec 26, 2024 $0.38; Dec 26, 2025 $0.43. Use the arrow keys to read each point.$0$0.5020232026YTD

AVLC vs GGM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVLC 12.7%GGM 11.3%, better
Return per unit of riskSharpe ratio, 3 years
AVLC 1.43, betterGGM 0.42
Worst fallMax drawdown, 5 years
AVLC −19.6%since Sep 2023GGM −19.7%since Sep 2023
Market sensitivityBeta, 5 years
AVLC 1.02GGM 0.58

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