AVSC vs. AVLV

Last updated Jun 18, 2026

AVSC (Avantis US Small Cap Equity ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both exchange-traded funds - AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index, while AVLV is a Large Cap Value Equities fund actively managed by Avantis. AVSC is passively managed, while AVLV is actively managed. Over the past 3 years, AVSC returned 16.83%/yr vs 21.73%/yr for AVLV. Their correlation of 0.88 suggests significant overlap in exposure. AVSC charges 0.25%/yr vs 0.15%/yr for AVLV.

Performance

AVSC vs. AVLV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVSC having a 19.48% return and AVLV slightly higher at 19.96%.

AVSC

• 1D: -0.99%
• 1M: 5.07%
• YTD: 19.48%
• 6M: 18.11%
• 1Y: 41.59%
• 3Y*: 16.83%
• 5Y*: —
• 10Y*: —

AVLV

• 1D: -1.32%
• 1M: 3.29%
• YTD: 19.96%
• 6M: 21.55%
• 1Y: 37.67%
• 3Y*: 21.73%
• 5Y*: —
• 10Y*: —

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

AVSC vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSC Avantis US Small Cap Equity ETF	19.48%	9.42%	7.75%	19.68%	-12.40%
AVLV Avantis U.S. Large Cap Value ETF	19.96%	15.12%	17.49%	17.43%	-6.50%

Correlation

The correlation between AVSC and AVLV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022	0.88

The correlation between AVSC and AVLV has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

AVSC vs. AVLV — Risk / Return Rank

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

AVSC

AVSC Risk / Return Rank: 81
AVSC Sharpe Ratio Rank: 78
AVSC Sortino Ratio Rank: 80
AVSC Omega Ratio Rank: 71
AVSC Calmar Ratio Rank: 91
AVSC Martin Ratio Rank: 86

AVLV

AVLV Risk / Return Rank: 92
AVLV Sharpe Ratio Rank: 93
AVLV Sortino Ratio Rank: 92
AVLV Omega Ratio Rank: 91
AVLV Calmar Ratio Rank: 93
AVLV Martin Ratio Rank: 94

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.

AVSC vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Equity ETF (AVSC) and Avantis U.S. Large Cap Value ETF (AVLV). 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.

	AVSC	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.03	-0.72
Sortino ratio: Return per unit of downside risk	3.28	4.15	-0.87
Omega ratio: Gain probability vs. loss probability	1.39	1.54	-0.16
Calmar ratio: Return relative to maximum drawdown	5.30	5.92	-0.63
Martin ratio: Return relative to average drawdown	16.59	23.50	-6.92

AVSC vs. AVLV - Sharpe Ratio Comparison

The current AVSC Sharpe Ratio is 2.30, which is comparable to the AVLV Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of AVSC and AVLV, 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

AVSC vs. AVLV - Drawdown Comparison

The maximum AVSC drawdown since its inception was -28.40%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for AVSC and AVLV.

Drawdown Indicators

	AVSC	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-19.50%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-6.39%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	-19.50%	-8.90%
Current Drawdown Current decline from peak	-1.91%	-1.80%	-0.11%
Average Drawdown Average peak-to-trough decline	-7.37%	-3.90%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.61%	+0.90%

Volatility

AVSC vs. AVLV - Volatility Comparison

Avantis US Small Cap Equity ETF (AVSC) has a higher volatility of 4.99% compared to Avantis U.S. Large Cap Value ETF (AVLV) at 3.87%. This indicates that AVSC's price experiences larger fluctuations and is considered to be riskier than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSC	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	3.87%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	9.38%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	12.55%	+5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	17.34%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	17.34%	+4.96%

AVSC vs. AVLV - Expense Ratio Comparison

AVSC has a 0.25% expense ratio, which is higher than AVLV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVSC vs. AVLV - Dividend Comparison

AVSC's dividend yield for the trailing twelve months is around 1.22%, less than AVLV's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.39%	1.33%	1.58%	1.85%	2.00%	0.29%
AVSC Avantis US Small Cap Equity ETF	1.22%	1.16%	1.17%	1.42%	1.10%	0.00%

Frequently Asked Questions

Can I hold both AVSC and AVLV in my portfolio?

AVSC and AVLV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVSC or AVLV?

AVSC has higher volatility (4.99%) compared to AVLV (3.87%). In terms of maximum drawdown, AVSC dropped -28.40% vs AVLV's -19.50%.

Which ETF is better, AVSC or AVLV?

On 3-year performance, AVLV leads with 21.73% vs 16.83% for AVSC. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSC or AVLV?

Over the 3-year period, AVLV has performed better with a 21.73% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSC or AVLV?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.25% for AVSC.

Which ETF pays a higher dividend yield, AVSC or AVLV?

AVLV has the higher dividend yield at 1.39%, compared with 1.22% for AVSC.

What is the main difference between AVSC and AVLV?

AVSC is categorized as Small Cap Value Equities, while AVLV is Large Cap Value Equities. Their fees differ too: 0.25% for AVSC and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.03 vs 2.30), 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.