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AVLV vs FSEV

Avantis U.S. Large Cap Value ETF

AVLVANYSE Arca

Fidelity Enhanced Small Cap Value ETF

FSEVBNYSE Arca

Overlap

Expense ratio

AVLV −0.13pt a year

AVLV0.15%FSEV0.28%

Avg volume · 30D

AVLV 788.8×the volume

AVLV1.62MFSEV2.05K

AVLV vs FSEV Performance

Jul 31, 2026 – Oct 30, 2026

+2.3%AVLV−1.0%FSEV

Jul 31, 2026 to Oct 30, 2026. AVLV +2.3%. FSEV −1.0%. Use the arrow keys to read each point.−4%−2%0%Jul 2026Sep 2026Oct 2026
Expense ratio
AVLV 0.15%, better
FSEV 0.28%
Fund size
AVLV $22.6B
FSEV $8M
1Y total return
AVLV +31.0%
FSEV No data
Yield (12M)
AVLV 1.09%
FSEV No data
Holdings
AVLV 297
FSEV 426
Avg volume (30D)
AVLV 1.62M sh, better
FSEV 2.05K sh
NAV per share
AVLV $94.04
FSEV $26.33
52W range

ETF.net Grade

AVLV: Cost 98, Risk 59, Mission 87, Tradability 99, Holdings 75, Durability 85. FSEV: Cost 85, Risk 43, Mission not scored, Tradability 39, Holdings 87, Durability 24.
Pillar letters and Scores for AVLV, FSEV, with each pillar’s weight
PillarAVLVFSEV
Cost30% weightA98HigherA85
Mission25% weightA87Not scored
Risk15% weightB59HigherC43
Tradability15% weightA99HigherD39
Holdings10% weightA75A87Higher
Durability5% weightA85HigherF24

Rank among US Active Value funds

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

Same Category. AVLV and FSEV are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds
See all 64 ›

AVLV ranks 1st and FSEV 17th of 64 funds in the US Active Value Category.

  1. Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
  2. Rank 1AWTVWisdomTree U.S. Value FundScore 86
  3. Rank 17BESLVEventide Large Cap Value ETFScore 63
  4. Rank 17BFSEVFidelity Enhanced Small Cap Value ETFScore 63
  5. Rank 17BGMOVGMO US Value ETFScore 63

Our read on each fund

ETF.net Research

AVLVAAvantis U.S. Large Cap Value ETF

FSEVBFidelity Enhanced Small Cap Value ETF

In short

AVLV No data

FSEV Fidelity's quants running active small-cap value, anchored to the Russell 2000 Value Index and priced at 0.28% a year. The market's dustiest corner, played cheap, by a fund that only opened its doors in 2026.

Stated mandate

AVLV No data

FSEV The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 2000 Value Index, which represents the U.S. small-cap value segment.

Why people hold it

AVLV No data

  • FSEV 0.28% a year for active management, well under what the typical active US small-cap fund charges.
  • At least 80% of assets sit in Russell 2000 Value names, spread across roughly 400 stocks. The active decisions happen inside the index, not off the map.
  • Undercuts BSVO on fee and lands within a few basis points of AVUV, the other funds benchmarked to the same Russell 2000 Value index.
  • Uses Fidelity's Enhanced quant approach, the same playbook behind sibling FESM, which stands among the strongest entries in this small-cap group.

Worth knowing

AVLV No data

  • FSEV Opened in 2026: short track record, modest asset base, and lighter trading than the category's household names, which can mean wider bid-ask spreads.
  • Active by design, so the model's picks can diverge from the Russell 2000 Value Index in either direction.
  • Distributions arrive once or twice a year, not monthly.

Full AVLV profile⁠

Full FSEV profile⁠

AVLV vs FSEV 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.

AVLV vs FSEV Cost

Overpaying FSEV vs AVLV

$2,618

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

  • AVLV 0.15%

    $3,137

  • FSEV 0.28%

    $5,755

$10,000
30 years

Cost over time

  • AVLV 0.15%
  • FSEV 0.28%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FSEV $5,755AVLV $3,137

Year by year

YearAVLVFSEVOverpaying
10$274$509$235
20$1,071$1,976$905
30$3,137$5,755$2,618

Expense ratio

  • 0.15%AVLV, cheaper
  • 0.28%FSEV
  • Middle half of US Active Value funds
  • Median 0.54%

AVLV 2nd cheapest of 64 funds

FSEV 9th cheapest of 64 funds

AVLV vs FSEV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVLV 1.09%
FSEV No data
Payout (12M)
AVLV $1.03
FSEV No data
Last payment
AVLV $0.23
FSEV $0.09
Ex-dividend
AVLV Sep 8, 2026
FSEV Sep 18, 2026
Paid on
AVLV Sep 10, 2026
FSEV Sep 22, 2026
Frequency
AVLV Quarterly
FSEV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AVLVQuarterly · 20 paymentsAll AVLV payments⁠
One bar per payment. 20 payments from 2021 to 2026 YTD. Dec 16, 2021 $0.16; Mar 22, 2022 $0.22; Jun 21, 2022 $0.22; Sep 20, 2022 $0.26; Dec 15, 2022 $0.30; Mar 23, 2023 $0.28; Jun 20, 2023 $0.25; Sep 21, 2023 $0.23; Dec 18, 2023 $0.30; Mar 21, 2024 $0.22; Jun 24, 2024 $0.26; Sep 23, 2024 $0.27; Dec 17, 2024 $0.30; Mar 25, 2025 $0.27; Jun 24, 2025 $0.28; Sep 23, 2025 $0.18; Dec 16, 2025 $0.28; Mar 10, 2026 $0.23; Jun 9, 2026 $0.28; Sep 8, 2026 $0.23. Use the arrow keys to read each point.$0$0.2520232026YTD
FSEVQuarterly · 2 paymentsAll FSEV payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Jun 18, 2026 $0.07; Sep 18, 2026 $0.09. Use the arrow keys to read each point.$0$0.2520232026YTD

AVLV vs FSEV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVLV 12.9%FSEV No data
Return per unit of riskSharpe ratio, 3 years
AVLV 1.45FSEV No data
Worst fallMax drawdown, 5 years
AVLV −19.5%FSEV No data
Market sensitivityBeta, 5 years
AVLV 0.88FSEV −0.12

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