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AVTM vs FORH

Avantis Total Equity Markets ETF 1

AVTMANYSE Arca

Formidable ETF

FORHFCboe

Overlap

Expense ratio

AVTM −0.97pt a year

AVTM0.22%FORH1.19%

Avg volume · 30D

AVTM 2.5×the volume

AVTM3.19KFORH1.26K

AVTM vs FORH Performance

Jul 31, 2026 – Nov 2, 2026

−0.3%AVTM−3.4%FORH

Jul 31, 2026 to Nov 2, 2026. AVTM −0.3%. FORH −3.4%. Use the arrow keys to read each point.−2%2%4%6%Jul 2026Sep 2026Nov 2026
Expense ratio
AVTM 0.22%, better
FORH 1.19%
Fund size
AVTM $766M
FORH $17M
1Y total return
AVTM No data
FORH −4.8%
Yield (12M)
AVTM No data
FORH 1.90%
Holdings
AVTM 1711
FORH 43
Avg volume (30D)
AVTM 3.19K sh, better
FORH 1.26K sh
NAV per share
AVTM $53.87
FORH $23.26
52W range

ETF.net Grade

AVTM: Cost 100, Risk 58, Mission not scored, Tradability 70, Holdings 71, Durability 69. FORH: Cost 1, Risk 30, Mission not scored, Tradability 20, Holdings 41, Durability 32.
Pillar letters and Scores for AVTM, FORH, with each pillar’s weight
PillarAVTMFORH
Cost30% weightA100HigherF1
Mission25% weightNot scoredNot scored
Risk15% weightB58HigherD30
Tradability15% weightA70HigherF20
Holdings10% weightA71HigherC41
Durability5% weightB69HigherD32

Rank among Global 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. AVTM and FORH are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds
See all 44 ›

AVTM ranks 1st and FORH 42nd of 44 funds in the Global Active Equity Category.

  1. Rank 1AAVGEAvantis All Equity Markets ETFScore 79
  2. Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
  3. Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
  4. Rank 41FNXTEAXS Green Alpha ETFScore 22
  5. Rank 42FFORHFormidable ETFScore 17
  6. ARIANot yet graded
  7. HXENot yet graded

Our read on each fund

ETF.net Research

AVTMAAvantis Total Equity Markets ETF 1

FORHFFormidable ETF

In short

AVTM Avantis' one-ticket world stock market: roughly 1,700 holdings, U.S. names owned directly and the overseas sleeves held through sister Avantis funds, all tilted toward cheaper, more profitable companies.

FORH Most global equity funds hand you the whole market cheaply. FORH goes the other way: a concentrated, actively picked stock book with an optional tail hedge built from options and volatility-linked funds.

Stated mandate

AVTM Seeks long-term capital appreciation through a broadly diversified total-market equity allocation, using individual securities and Avantis ETFs while emphasizing securities expected to offer higher returns or better risk characteristics than a passive market-capitalization-weighted index.

FORH The Fund seeks long-term capital appreciation.

Why people hold it

  • AVTM Costs 0.22% net of a fee waiver (0.23% gross), a notch under stablemate AVGE at 0.23% and below the typical fee in its category.
  • Owns U.S. companies directly rather than only stacking funds, then uses Avantis ETFs for developed and emerging markets abroad. One ticket, all market caps.sec.gov
  • Benchmarked to 85% Russell 3000 and 15% MSCI ACWI ex-US IMI: a deliberately U.S.-heavy world portfolio, not a global cap-weight split.avantisinvestors.com
  • One of the stronger builds in a crowded field of actively managed global equity funds.
  • FORH Two jobs in one wrapper: active stock selection plus a hedge the manager can switch on using put and call options, volatility-linked ETFs and ETNs.sec.govformidablefunds.com
  • No index to hug. It is actively managed and non-diversified, so a handful of high-conviction names can carry the portfolio.sec.gov
  • Running since 2021, so the strategy has a live record through real market swings rather than a backtest.formidablefunds.com

Worth knowing

  • AVTM Avantis flags that much of the starting portfolio sits on a low tax basis, so the fund may realize and distribute more capital gains than other ETFs.avantisinvestors.com
  • Trades thinly next to the index giants in its category, so spreads and order size matter more here.
  • Launched January 2026, so the history is short, and with no index to follow the portfolio reflects Avantis' own valuation and profitability tilts.sec.gov
  • FORH The 1.19% fee sits well above the median for its global active-equity peers, where index-built rivals like GSWO and AVGE charge a fraction of that.
  • Small and thinly traded, so spreads can be wider and larger orders may move the price more than in a giant index fund.
  • Hedging is not free: options and volatility exposure can drag when markets climb steadily, and concentration cuts both ways.sec.govformidablefunds.com

Full AVTM profile⁠

Full FORH profile⁠

AVTM vs FORH 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.

AVTM vs FORH Cost

Overpaying FORH vs AVTM

$17,139

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

  • AVTM 0.22%

    $4,558

  • FORH 1.19%

    $21,697

$10,000
30 years

Cost over time

  • AVTM 0.22%
  • FORH 1.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530FORH $21,697AVTM $4,558

Year by year

YearAVTMFORHOverpaying
10$401$2,081$1,680
20$1,561$7,756$6,195
30$4,558$21,697$17,139

Expense ratio

  • 0.22%AVTM, cheaper
  • 1.19%FORH
  • Middle half of Global Active Equity funds
  • Median 0.69%

AVTM cheapest of 44 funds

FORH 43rd cheapest of 44 funds

AVTM vs FORH Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AVTM No data
FORH 1.90%
Payout (12M)
AVTM No data
FORH $0.44
Last payment
AVTM $0.15
FORH $0.44
Ex-dividend
AVTM Sep 8, 2026
FORH Dec 24, 2025
Paid on
AVTM Sep 10, 2026
FORH Dec 26, 2025
Frequency
AVTM Quarterly
FORH Irregular

Distribution history

Per share, 2021 to 2026, same scale for both

AVTMQuarterly · 3 paymentsAll AVTM payments⁠
One bar per payment. 3 payments from 2021 to 2026 YTD. Mar 10, 2026 $0.04; Jun 9, 2026 $0.11; Sep 8, 2026 $0.15. Use the arrow keys to read each point.$0$120232026YTD
FORHIrregular · 4 paymentsAll FORH payments⁠
One bar per payment. 4 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.17; Dec 27, 2022 $0.87; Dec 26, 2023 $0.87; Dec 24, 2025 $0.44. Use the arrow keys to read each point.$0$120232026YTD

AVTM vs FORH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVTM No dataFORH 13.3%
Return per unit of riskSharpe ratio, 3 years
AVTM No dataFORH 0.08
Worst fallMax drawdown, 5 years
AVTM No dataFORH −20.8%
Market sensitivityBeta, 5 years
AVTM 0.95FORH 0.72

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