AVIV vs. AVUV

Last updated Jul 14, 2026

AVIV (Avantis International Large Cap Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund actively managed by Avantis, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVIV returned 19.99%/yr vs 17.89%/yr for AVUV. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

AVIV vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Large Cap Value ETF (AVIV) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIV achieves a 11.25% return, which is significantly lower than AVUV's 22.32% return.

AVIV

• 1D: -0.69%
• 1M: -0.72%
• 6M: 7.95%
• YTD: 11.25%
• 1Y: 28.53%
• 3Y*: 19.99%
• 5Y*: —
• 10Y*: —

AVUV

• 1D: 0.02%
• 1M: -0.33%
• 6M: 16.74%
• YTD: 22.32%
• 1Y: 32.56%
• 3Y*: 17.89%
• 5Y*: 12.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVIV vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIV Avantis International Large Cap Value ETF	11.25%	41.80%	4.30%	18.47%	-8.26%	1.83%
AVUV Avantis US Small Cap Value ETF	22.32%	7.44%	9.28%	22.82%	-4.91%	4.23%

Correlation

The correlation between AVIV and AVUV is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.71

The correlation between AVIV and AVUV shifts across timeframes, from 0.61 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

AVIV vs. AVUV - Sectors Allocation Comparison

Sectors	AVIV	AVUV
Financial Services	27.3%	26.1%
Industrials	18.5%	13.6%
Energy	13.0%	15.8%
Basic Materials	12.7%	5.1%
Consumer Cyclical	10.2%	18.7%
Communication Services	4.7%	3.1%
Healthcare	4.7%	4.8%
Technology	4.0%	7.4%
Consumer Defensive	3.2%	4.7%
Real Estate	1.0%	0.7%
Utilities	0.7%	0.1%

Return for Risk

AVIV vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVIV

AVIV Risk / Return Rank: 73
AVIV Sharpe Ratio Rank: 77
AVIV Sortino Ratio Rank: 76
AVIV Omega Ratio Rank: 76
AVIV Calmar Ratio Rank: 67
AVIV Martin Ratio Rank: 70

AVUV

AVUV Risk / Return Rank: 78
AVUV Sharpe Ratio Rank: 75
AVUV Sortino Ratio Rank: 78
AVUV Omega Ratio Rank: 71
AVUV Calmar Ratio Rank: 88
AVUV Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVIV vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and Avantis US Small Cap Value ETF (AVUV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVIV	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.89	+0.05
Sortino ratio: Return per unit of downside risk	2.70	2.75	-0.05
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	2.66	4.11	-1.46
Martin ratio: Return relative to average drawdown	10.22	12.22	-2.00

AVIV vs. AVUV - Sharpe Ratio Comparison

The current AVIV Sharpe Ratio is 1.95, which is comparable to the AVUV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of AVIV and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVIV vs. AVUV - Drawdown Comparison

The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for AVIV and AVUV.

Drawdown Indicators

	AVIV	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-49.42%	+21.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-7.95%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-28.79%	+14.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-1.62%	-0.78%	-0.84%
Average Drawdown Average peak-to-trough decline	-5.04%	-7.84%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.67%	+0.13%

Volatility

AVIV vs. AVUV - Volatility Comparison

Avantis International Large Cap Value ETF (AVIV) has a higher volatility of 4.58% compared to Avantis US Small Cap Value ETF (AVUV) at 3.57%. This indicates that AVIV's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIV	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	3.57%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	11.06%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	17.32%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	22.54%	-5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	28.12%	-11.25%

AVIV vs. AVUV - Expense Ratio Comparison

Both AVIV and AVUV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVIV vs. AVUV - Dividend Comparison

AVIV's dividend yield for the trailing twelve months is around 2.55%, more than AVUV's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVIV Avantis International Large Cap Value ETF	2.55%	3.01%	3.46%	3.64%	2.84%	0.57%	0.00%	0.00%
AVUV Avantis US Small Cap Value ETF	1.26%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%

Frequently Asked Questions

Can I hold both AVIV and AVUV in my portfolio?

AVIV and AVUV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIV or AVUV?

AVIV has higher volatility (4.58%) compared to AVUV (3.57%). In terms of maximum drawdown, AVIV dropped -27.69% vs AVUV's -49.42%.

Which ETF is better, AVIV or AVUV?

On 3-year performance, AVIV leads with 19.99% vs 17.89% for AVUV. Both ETFs have the same 0.25% expense ratio. On volatility, AVUV has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIV or AVUV?

Over the 3-year period, AVIV has performed better with a 19.99% return vs 17.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIV or AVUV?

AVIV and AVUV have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, AVIV or AVUV?

AVIV has the higher dividend yield at 2.55%, compared with 1.26% for AVUV.

What is the main difference between AVIV and AVUV?

AVIV is categorized as Foreign Large Cap Equities, while AVUV is Small Cap Value Equities.

Which has better risk-adjusted returns?

AVIV currently has the higher Sharpe Ratio (1.95 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.