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AVTM vs LENS

Avantis Total Equity Markets ETF 1

AVTMANYSE Arca

Sarmaya Thematic ETF

LENSDCboe

Overlap

2.6%by weight

Expense ratio

AVTM −0.57pt a year

AVTM0.22%LENS0.79%

Avg volume · 30D

LENS 3.3×the volume

AVTM3.19KLENS10.5K

AVTM vs LENS Performance

Jul 31, 2026 – Oct 30, 2026

0.0%AVTM+5.5%LENS

Jul 31, 2026 to Oct 30, 2026. AVTM 0.0%. LENS +5.5%. Use the arrow keys to read each point.10%15%Jul 2026Sep 2026Oct 2026
Expense ratio
AVTM 0.22%, better
LENS 0.79%
Fund size
AVTM $766M
LENS $66M
1Y total return
AVTM No data
LENS +27.0%
Holdings
AVTM 1712
LENS 49
Avg volume (30D)
AVTM 3.19K sh
LENS 10.5K sh, better
NAV per share
AVTM $53.87
LENS $42.74
52W range

ETF.net Grade

AVTM: Cost 100, Risk 58, Mission not scored, Tradability 70, Holdings 71, Durability 69. LENS: Cost 30, Risk 23, Mission not scored, Tradability 63, Holdings 44, Durability 35.
Pillar letters and Scores for AVTM, LENS, with each pillar’s weight
PillarAVTMLENS
Cost30% weightA100HigherD30
Mission25% weightNot scoredNot scored
Risk15% weightB58HigherF23
Tradability15% weightA70HigherB63
Holdings10% weightA71HigherC44
Durability5% weightB69HigherD35

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 LENS 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 LENS 31st of 44 funds in the Global Active Equity Category.

  1. Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
  2. Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
  3. Rank 30DTOGATremblant Global ETFScore 38
  4. Rank 31DLENSSarmaya Thematic ETFScore 37
  5. Rank 32DMNVTMoonvest ETFScore 36

Our read on each fund

ETF.net Research

AVTMAAvantis Total Equity Markets ETF 1

LENSDSarmaya Thematic 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.

LENS No data

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.

LENS No data

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.

LENS No data

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

LENS No data

Full AVTM profile⁠

Full LENS profile⁠

AVTM vs LENS Holdings

How AVTM and LENS differ

Overlap by weight

2.6%

Shared holdings make up 33.7% of LENS and 2.6% of AVTM.

Level by level

  • Holdings16 in both2.6%
  • Sector11 Sectors27.5%
  • Countryby domicile62.3%
  • Asset classEquity100%

Sector

Sector weights in AVTM and LENS, widest gap first
SectorMore in AVTMMore in LENS
EnergyLENS +44.5 points
TechnologyAVTM +34.4 points
MaterialsLENS +24.4 points
Consumer DiscretionaryAVTM +9.2 points
IndustrialsAVTM +8.7 points
CommunicationAVTM +8.4 points
Health CareAVTM +5.8 points
Consumer StaplesAVTM +3.9 points
FinancialsLENS +3.5 points
UtilitiesAVTM +1.8 points
Real EstateAVTM +0.3 points

Country, concentration and asset class

Country by domicile

Country weights in AVTM and LENS, widest gap first
CountryMore in AVTMMore in LENS
United StatesAVTM +27.1 points
CanadaLENS +16.5 points
South AfricaLENS +5.7 points
BrazilLENS +4.1 points
GreeceLENS +2.8 points
JapanAVTM +2.3 points
ColombiaLENS +2.1 points
ItalyLENS +2.0 points
Other countries (31)AVTM +4.0 points

Outside the US: LENS 64% developed, 36% emerging.

Concentration

Weight in the 10 largest Holdings

  • AVTM40.2%
  • LENS42.2%

Securities held

  • AVTM1,710
  • LENS48

Asset class

AVTM
Equity
LENS
Equity

Holdings

  • Only in AVTM1,694
  • In both16
  • Only in LENS32

Only in AVTM

1,694 securities, 97.4% of AVTM by weight

  • Avantis International Equity E Avantis International Equity9.99%
  • NVIDIA Corp Common Stock USD.0015.61%
  • Apple Inc Common Stock USD.000015.02%

Only in LENS

32 securities, 66.3% of LENS by weight

  • SPDR Gold MiniShares Trust7.79%
  • iShares Gold Trust Micro6.07%
  • First American Government Obligations Fund 12/01/20315.22%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in AVTM and LENS, widest gap first
HoldingMore in AVTMMore in LENS
Chevron Corp Common Stock USD.75CVXLENS +4.11 points
Exxonmobil Holdings Corp Common StockXOMLENS +3.66 points
Range Resources Corp Common Stock USD.01RRCLENS +3.26 points
Phillips 66 Common StockPSXLENS +2.52 points
Cheniere Energy Inc Common Stock USD.003LNGLENS +2.39 points
Devon Energy Corp Common Stock USD.1DVNLENS +2.31 points
Antero Resources Corp Common Stock USD.01ARLENS +2.29 points
Hecla Mining Co Common Stock USD.25HLLENS +1.80 points

All 1,712 AVTM holdings⁠All LENS 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 LENS Cost

Overpaying LENS vs AVTM

$10,616

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

  • AVTM 0.22%

    $4,558

  • LENS 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AVTM 0.22%
  • LENS 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LENS $15,174AVTM $4,558

Year by year

YearAVTMLENSOverpaying
10$401$1,405$1,004
20$1,561$5,331$3,770
30$4,558$15,174$10,616

Expense ratio

  • 0.22%AVTM, cheaper
  • 0.79%LENS
  • Middle half of Global Active Equity funds
  • Median 0.69%

AVTM cheapest of 44 funds

LENS 30th cheapest of 44 funds

AVTM vs LENS Dividends

Last 12 months to Oct 30, 2026
Last payment
AVTM $0.15
LENS $0.62
Ex-dividend
AVTM Sep 8, 2026
LENS Dec 23, 2025
Paid on
AVTM Sep 10, 2026
LENS Dec 24, 2025
Frequency
AVTM Quarterly
LENS Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AVTMQuarterly · 3 paymentsAll AVTM payments⁠
One bar per payment. 3 payments from 2025 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$0.502026YTD
LENSIrregular · 1 paymentAll LENS payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.62. Use the arrow keys to read each point.$0$0.502026YTD

AVTM vs LENS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVTM No dataLENS 27.4%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
AVTM No dataLENS 1.12since Feb 2025
Worst fallMax drawdown, 5 years
AVTM No dataLENS −24.6%since Jan 2025
Market sensitivityBeta, 5 years
AVTM 0.95LENS 0.17

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