Allan Variance (allanvar) not working correctly

I'm having an issue with using the allanvar function and I'm not sure if it is a bug or if I'm using the function incorrectly. The documentation states that if a matrix is supplied on input, then the Allan variance is evaluated over the columns.

In the following code, I compute the Allan variance two different ways for a matrix. In the first case, I'm using a loop over the columns. In the second case, I'm just sending the whole matrix in as input. I expect them to produce the same result, but they do not. When I send the whole matrix in, I'm finding that there are many zeros being returned, which does not happen when I evaluate the Allan variance in a loop. Any explanations?

% Test angle random walk
rng('default')
close all
clear

% Gyro angle random walk specification (deg / sqrt(sec))
angleRandomWalk = 0.001;

% Time step between gyro measurements (sec)
Fs = 100;
dt = 1 / Fs;

% Generate gyro random walk samples
nTime = 100000;
mMonteCarlo = 1000;

randomWalk = angleRandomWalk / sqrt(dt) * randn(nTime, mMonteCarlo);

% Time vector
t = [0:nTime-1]' / Fs;

% Integrate random walk rates over time to angle
angle = cumsum( randomWalk * dt );

% Allan Variance - the square root of the Allan Variance at t = 1 sec should
% equal the angleRandomWalk.

% Time points for evaluating Allan Variance
tm = [ 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 2 3 4 5 6 7 8 9 10 20 30 40 50 60 70 80 90 100 200 300 400 ]';

[~, m ] = intersect(t, tm);

aVar = zeros(length(m), mMonteCarlo);

for n = 1:mMonteCarlo
  [aVar(:,n), tau] = allanvar(randomWalk(:,n), m, Fs);
end

[aVar2, tau2] = allanvar(randomWalk, m, Fs);

% Compute the mean of the square root of the Allan Variance at t = 1 second (should equal
% the angleRandomWalk).
rootAllanVar = mean( sqrt( aVar(10, :) ) );
rootAllanVar2 = mean( sqrt( aVar2(10, :) ) );