AVLVX vs. AVUVX

Last updated Aug 5, 2026

AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) and AVUVX (Avantis U.S. Small Cap Value Fund) are both mutual funds - AVLVX is a Large Cap Value Equities fund actively managed by Avantis, while AVUVX is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVLVX returned 21.77%/yr vs 17.43%/yr for AVUVX. Their correlation of 0.91 means they have usually moved in the same direction. AVLVX charges 0.15%/yr vs 0.25%/yr for AVUVX.

Performance

AVLVX vs. AVUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) and Avantis U.S. Small Cap Value Fund (AVUVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AVLVX having a 26.11% return and AVUVX slightly lower at 25.42%.

AVLVX

• 1D: 0.96%
• 1M: 2.84%
• 6M: 15.99%
• YTD: 26.11%
• 1Y: 40.27%
• 3Y*: 21.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.43%

AVUVX

• 1D: 1.45%
• 1M: 2.88%
• 6M: 14.53%
• YTD: 25.42%
• 1Y: 41.19%
• 3Y*: 17.43%
• 5Y*: 14.10%
• 10Y*: —
• ALL TIME*: 16.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	$0.00	$0.00	$0.00
AVUVX Avantis U.S. Small Cap Value Fund	$0.00	$0.00	$0.00

AVLVX vs. AVUVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	26.11%	15.23%	16.93%	16.75%	8.38%
AVUVX Avantis U.S. Small Cap Value Fund	25.42%	8.88%	8.83%	22.96%	9.65%

Correlation

The correlation between AVLVX and AVUVX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.91

The correlation between AVLVX and AVUVX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

AVLVX vs. AVUVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVLVX

AVLVX Risk / Return Rank: 98
AVLVX Sharpe Ratio Rank: 99
AVLVX Sortino Ratio Rank: 97
AVLVX Omega Ratio Rank: 97
AVLVX Calmar Ratio Rank: 98
AVLVX Martin Ratio Rank: 98

AVUVX

AVUVX Risk / Return Rank: 94
AVUVX Sharpe Ratio Rank: 95
AVUVX Sortino Ratio Rank: 94
AVUVX Omega Ratio Rank: 89
AVUVX Calmar Ratio Rank: 97
AVUVX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVLVX vs. AVUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) and Avantis U.S. Small Cap Value Fund (AVUVX). 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.

	AVLVX	AVUVX	Difference
Sharpe ratio: Return per unit of total volatility	3.39	2.59	+0.80
Sortino ratio: Return per unit of downside risk	4.66	3.70	+0.97
Omega ratio: Gain probability vs. loss probability	1.62	1.45	+0.17
Calmar ratio: Return relative to maximum drawdown	7.01	5.29	+1.72
Martin ratio: Return relative to average drawdown	28.70	17.00	+11.70

AVLVX vs. AVUVX - Sharpe Ratio Comparison

The current AVLVX Sharpe Ratio is 3.39, which is higher than the AVUVX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of AVLVX and AVUVX, 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

AVLVX vs. AVUVX - Drawdown Comparison

The maximum AVLVX drawdown since its inception was -19.51%, smaller than the maximum AVUVX drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for AVLVX and AVUVX.

Drawdown Indicators

	AVLVX	AVUVX	Difference
Max Drawdown Largest peak-to-trough decline	-19.51%	-50.24%	+30.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	-8.25%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-28.81%	+9.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.81%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.09%	-7.56%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	2.56%	-1.10%

Volatility

AVLVX vs. AVUVX - Volatility Comparison

The current volatility for Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) is 2.36%, while Avantis U.S. Small Cap Value Fund (AVUVX) has a volatility of 3.07%. This indicates that AVLVX experiences smaller price fluctuations and is considered to be less risky than AVUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLVX	AVUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	3.07%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	10.88%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	16.91%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	22.41%	-6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	28.50%	-12.14%

AVLVX vs. AVUVX - Expense Ratio Comparison

AVLVX has a 0.15% expense ratio, which is lower than AVUVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVLVX vs. AVUVX - Dividend Comparison

AVLVX's dividend yield for the trailing twelve months is around 2.63%, less than AVUVX's 5.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.63%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%
AVUVX Avantis U.S. Small Cap Value Fund	5.66%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%

Frequently Asked Questions

Can I hold both AVLVX and AVUVX in my portfolio?

AVLVX and AVUVX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLVX or AVUVX?

AVUVX has higher volatility (3.07%) compared to AVLVX (2.36%). In terms of maximum drawdown, AVLVX dropped -19.51% vs AVUVX's -50.24%.

Which has better risk-adjusted returns?

AVLVX currently has the higher Sharpe Ratio (3.39 vs 2.59), 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.