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AVLC vs MSLC

Avantis U.S. Large Cap Equity ETF

AVLCANYSE Arca

Morgan Stanley Pathway Large Cap Equity ETF

MSLCANYSE Arca

Overlap

Expense ratio

AVLC −0.24pt a year

AVLC0.15%MSLC0.39%

Avg volume · 30D

AVLC 1.1×the volume

AVLC78.8KMSLC72.6K

AVLC vs MSLC Performance

Oct 31, 2025 – Oct 30, 2026

+16.4%AVLC+9.8%MSLC

Oct 31, 2025 to Oct 30, 2026. AVLC +16.4%. MSLC +9.8%. Use the arrow keys to read each point.−5%0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AVLC 0.15%, better
MSLC 0.39%
Fund size
AVLC $1.58B
MSLC $3.99B
1Y total return
AVLC +16.4%, better
MSLC +9.8%
Yield (12M)
AVLC 0.87%
MSLC No data
Holdings
AVLC 849
MSLC 792
Avg volume (30D)
AVLC 78.8K sh, better
MSLC 72.6K sh
NAV per share
AVLC $90.02
MSLC $59.59
52W range

ETF.net Grade

AVLC: Cost 96, Risk 66, Mission not scored, Tradability 93, Holdings 86, Durability 81. MSLC: Cost 76, Risk 51, Mission not scored, Tradability 70, Holdings 83, Durability 87.
Pillar letters and Scores for AVLC, MSLC, with each pillar’s weight
PillarAVLCMSLC
Cost30% weightA96HigherA76
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC51
Tradability15% weightA93HigherA70
Holdings10% weightA86HigherA83
Durability5% weightA81A87Higher

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 MSLC 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 MSLC 20th 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 20AFFLCFidelity Fundamental Large Cap Core ETFScore 71
  4. Rank 20AMSLCMorgan Stanley Pathway Large Cap Equity ETFScore 71
  5. Rank 22BESUMEventide US Market ETFScore 70

Our read on each fund

ETF.net Research

AVLCAAvantis U.S. Large Cap Equity ETF

MSLCAMorgan Stanley Pathway Large Cap Equity 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.

MSLC No data

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.

MSLC No data

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.

MSLC No data

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

MSLC No data

Full AVLC profile⁠

Full MSLC profile⁠

AVLC vs MSLC 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 MSLC Cost

Overpaying MSLC vs AVLC

$4,761

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

  • AVLC 0.15%

    $3,137

  • MSLC 0.39%

    $7,898

$10,000
30 years

Cost over time

  • AVLC 0.15%
  • MSLC 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MSLC $7,898AVLC $3,137

Year by year

YearAVLCMSLCOverpaying
10$274$705$431
20$1,071$2,725$1,654
30$3,137$7,898$4,761

Expense ratio

  • 0.15%AVLC, cheaper
  • 0.39%MSLC
  • Middle half of US Active Equity funds
  • Median 0.68%

AVLC 6th cheapest of 121 funds

MSLC 29th cheapest of 121 funds

AVLC vs MSLC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVLC 0.87%
MSLC No data
Payout (12M)
AVLC $0.79
MSLC No data
Last payment
AVLC $0.19
MSLC $1.17
Ex-dividend
AVLC Sep 8, 2026
MSLC Dec 10, 2025
Paid on
AVLC Sep 10, 2026
MSLC Dec 16, 2025
Frequency
AVLC Quarterly
MSLC Irregular

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$120232026YTD
MSLCIrregular · 1 paymentAll MSLC payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 10, 2025 $1.17. Use the arrow keys to read each point.$0$120232026YTD

AVLC vs MSLC 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%MSLC 12.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
AVLC 1.43MSLC 0.81since Jan 2025
Worst fallMax drawdown, 5 years
AVLC −19.6%since Sep 2023MSLC −17.9%since Dec 2024
Market sensitivityBeta, 5 years
AVLC 1.02MSLC 0.97

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