FRCL 3 2022Q3 Hb Float (AVGE)
ARCA ARCA Primary 
AVGE: Sluggish 2025 Continues With Benchmark Underperformance
Avantis All Equity Markets ETF has underperformed its benchmark, the MSCI ACWI IMI, since its 2022 launch. AVGE's active management and sector allocations—especially lower tech and higher energy/emerging markets—have contributed to lagging returns versus ACWI. Despite a lower expense ratio (0.23%) than ACWI, AVGE's higher beta and weaker Sharpe ratio highlight less attractive risk-adjusted performance.
AVGE: An Underperforming Fund Of Funds
AVGE is an actively managed, globally diversified ETF with a lower expense ratio than ACWI but has underperformed since its 2022 launch. The fund's sector and geographic allocations—especially lower tech and higher energy/emerging markets—have hurt returns vs. the passive ACWI benchmark. Avantis All Equity Markets ETF's higher beta and low Sharpe ratio indicate higher risk without commensurate returns, making its risk/reward profile unattractive so far.
AVGE: A Fund Of Equity Funds Worth Considering
Avantis All Equity Markets ETF is a fund of funds, blending Avantis ETFs for diversified U.S. and global market access, with a tilt towards value. AVGE has low fees and diversification appeal, but a limited track record and potential lag during growth cycles. This may be worth considering with its unique sector mix and global stock exposure.
