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AVLV vs NITE

Avantis U.S. Large Cap Value ETF

AVLVANYSE Arca

The Nightview Fund

NITEFNYSE Arca

Overlap

9.3%by weight

Expense ratio

AVLV −1.10pt a year

AVLV0.15%NITE1.25%

Avg volume · 30D

AVLV 793.0×the volume

AVLV1.62MNITE2.04K

AVLV vs NITE Performance

Oct 31, 2025 – Oct 30, 2026

+31.0%AVLV+2.7%NITE

Oct 31, 2025 to Oct 30, 2026. AVLV +31.0%. NITE +2.7%. Use the arrow keys to read each point.−10%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AVLV 0.15%, better
NITE 1.25%
Fund size
AVLV $22.6B
NITE $33M
1Y total return
AVLV +31.0%, better
NITE +2.7%
Yield (12M)
AVLV 1.09%
NITE No data
Holdings
AVLV 297
NITE 20
Avg volume (30D)
AVLV 1.62M sh, better
NITE 2.04K sh
NAV per share
AVLV $94.04
NITE $37.23
52W range

ETF.net Grade

AVLV: Cost 98, Risk 59, Mission 87, Tradability 99, Holdings 75, Durability 85. NITE: Cost 0, Risk 3, Mission not scored, Tradability 38, Holdings 22, Durability 34.
Pillar letters and Scores for AVLV, NITE, with each pillar’s weight
PillarAVLVNITE
Cost30% weightA98HigherF0
Mission25% weightA87Not scored
Risk15% weightB59HigherF3
Tradability15% weightA99HigherD38
Holdings10% weightA75HigherF22
Durability5% weightA85HigherD34

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 NITE 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 NITE 64th 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 63FLOPPGabelli Love Our Planet & People ETFScore 17
  4. Rank 64FNITEThe Nightview FundScore 13

Our read on each fund

ETF.net Research

AVLVAAvantis U.S. Large Cap Value ETF

NITEFThe Nightview Fund

In short

AVLV No data

NITE A former private partnership turned ETF: Nightview runs a non-diversified book of roughly 15 to 25 high-conviction US names and grades itself against the S&P 500 over rolling five-year stretches.

Stated mandate

AVLV No data

NITE The Fund seeks long-term capital appreciation and aims to outperform the S&P 500 Total Return Index over a rolling five-year period. It is actively managed, primarily U.S.-focused, and uses long-term fundamental value investing to identify companies trading below the adviser’s estimated fair value.

Why people hold it

AVLV No data

  • NITE Concentration is the design, not an accident. The prospectus contemplates a non-diversified portfolio of roughly 15 to 25 stocks, so every pick carries real weight.sec.gov
  • The mandate is unusually specific: beat the S&P 500 Total Return Index over a rolling five-year period, stated in the fund's own filings. Easy to hold to account.
  • Not a launch-day idea. The adviser ran this long-only strategy as a private partnership before converting it into an ETF wrapper in 2024.nightviewcapital.com

Worth knowing

AVLV No data

  • NITE Costs like active management: a 1.25% expense ratio against a category median near 0.55%, while systematic value peers such as AVLV and WTV sit near 0.15%.
  • Small and thinly traded, so spreads can run wider than in the giants of the category.
  • Capital appreciation is the whole job here. There is no income mandate, and 15 to 25 names means bumpier rides than a broad value index.sec.gov

Full AVLV profile⁠

Full NITE profile⁠

AVLV vs NITE Holdings

How AVLV and NITE differ

Overlap by weight

9.3%

Shared holdings make up 32.8% of NITE and 9.3% of AVLV.

Level by level

  • Holdings6 in both9.3%
  • Sector10 Sectors61.4%
  • Countryby domicile95.8%
  • Asset classEquity100%

Sector

Sector weights in AVLV and NITE, widest gap first
SectorMore in AVLVMore in NITE
TechnologyNITE +23.3 points
Consumer DiscretionaryNITE +14.5 points
EnergyAVLV +14.3 points
FinancialsAVLV +7.3 points
Consumer StaplesAVLV +5.8 points
Health CareAVLV +5.1 points
CommunicationAVLV +3.4 points
MaterialsAVLV +2.2 points
IndustrialsNITE +0.9 points
UtilitiesAVLV +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in AVLV and NITE, widest gap first
CountryMore in AVLVMore in NITE
CanadaNITE +4.2 points
United StatesAVLV +2.8 points
SwitzerlandAVLV +0.7 points
Other countries (3)AVLV +0.6 points

Concentration

Weight in the 10 largest Holdings

  • AVLV26.7%
  • NITE66.3%

Securities held

  • AVLV297
  • NITE19

Asset class

AVLV
Equity
NITE
Equity

Holdings

  • Only in AVLV291
  • In both6
  • Only in NITE13

Only in AVLV

291 securities, 90.7% of AVLV by weight

  • Micron Technology Inc Common Stock USD.12.95%
  • Meta Platforms Inc Class A Common Stock USD.0000062.90%
  • Apple Inc Common Stock USD.000012.84%

Only in NITE

13 securities, 67.0% of NITE by weight

  • Tesla Inc13.03%
  • Space Explorat-A10.05%
  • Home Depot Inc4.73%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in AVLV and NITE, widest gap first
HoldingMore in AVLVMore in NITE
NVIDIA Corp Common Stock USD.001NVDANITE +8.74 points
Amazon.com Inc Common Stock USD.01AMZNNITE +5.27 points
Goldman Sachs Group Inc Common Stock USD.01GSNITE +3.82 points
Morgan Stanley Common Stock USD.01MSNITE +2.84 points
Schwab (Charles) Corp Common Stock USD.01SCHWNITE +2.58 points
Microsoft Corp Common Stock USD.00000625MSFTNITE +0.24 points

All 303 AVLV holdings⁠All NITE 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 NITE Cost

Overpaying NITE vs AVLV

$19,478

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

  • AVLV 0.15%

    $3,137

  • NITE 1.25%

    $22,615

$10,000
30 years

Cost over time

  • AVLV 0.15%
  • NITE 1.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530NITE $22,615AVLV $3,137

Year by year

YearAVLVNITEOverpaying
10$274$2,181$1,907
20$1,071$8,105$7,034
30$3,137$22,615$19,478

Expense ratio

  • 0.15%AVLV, cheaper
  • 1.25%NITE
  • Middle half of US Active Value funds
  • Median 0.54%

AVLV 2nd cheapest of 64 funds

NITE 64th cheapest of 64 funds

AVLV vs NITE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVLV 1.09%
NITE No data
Payout (12M)
AVLV $1.03
NITE None
Last payment
AVLV $0.23
NITE No data
Ex-dividend
AVLV Sep 8, 2026
NITE No data
Paid on
AVLV Sep 10, 2026
NITE No data
Frequency
AVLV Quarterly
NITE No data

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
NITEAll NITE payments⁠

No distribution history available.

AVLV vs NITE 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%NITE 20.7%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
AVLV 1.45NITE 0.71since Jul 2024
Worst fallMax drawdown, 5 years
AVLV −19.5%NITE −29.6%since Jun 2024
Market sensitivityBeta, 5 years
AVLV 0.88NITE 1.29

AVLV and NITE in the news

All news⁠

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