AVSC vs. SMCF

Last updated Jun 4, 2026

AVSC (Avantis US Small Cap Equity ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds - AVSC tracks the Russell 2000 Index while SMCF tracks the Solactive US Small Cap Cash Flow Champions Index - Benchmark TR Gross. Both are passively managed. Over the past year, AVSC returned 38.76% vs 32.87% for SMCF. Their correlation of 0.87 suggests significant overlap in exposure. AVSC charges 0.25%/yr vs 0.29%/yr for SMCF.

Performance

AVSC vs. SMCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Equity ETF (AVSC) and Themes US Small Cap Cash Flow Champions ETF (SMCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVSC achieves a 16.85% return, which is significantly higher than SMCF's 13.75% return.

AVSC

• 1D: -1.32%
• 1M: 1.45%
• YTD: 16.85%
• 6M: 16.56%
• 1Y: 38.76%
• 3Y*: 17.09%
• 5Y*: —
• 10Y*: —

SMCF

• 1D: -1.14%
• 1M: -1.09%
• YTD: 13.75%
• 6M: 13.63%
• 1Y: 32.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVSC vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVSC Avantis US Small Cap Equity ETF	16.85%	9.42%	7.75%	4.39%
SMCF Themes US Small Cap Cash Flow Champions ETF	13.75%	9.56%	16.30%	4.47%

Correlation

The correlation between AVSC and SMCF 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	0.85
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.87

The correlation between AVSC and SMCF has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

AVSC vs. SMCF - Sectors Allocation Comparison

Sectors	AVSC	SMCF
Financial Services	22.4%	50.0%
Consumer Cyclical	14.9%	2.6%
Industrials	13.0%	9.8%
Technology	12.6%	11.0%
Healthcare	11.5%	4.4%
Energy	9.5%	18.2%
Basic Materials	5.5%	0.6%
Consumer Defensive	4.8%	1.4%
Communication Services	3.0%	1.5%
Utilities	2.0%	-
Real Estate	0.9%	0.5%

Return for Risk

AVSC vs. SMCF — Risk / Return Rank

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

AVSC

AVSC Risk / Return Rank: 70
AVSC Sharpe Ratio Rank: 63
AVSC Sortino Ratio Rank: 66
AVSC Omega Ratio Rank: 59
AVSC Calmar Ratio Rank: 86
AVSC Martin Ratio Rank: 78

SMCF

SMCF Risk / Return Rank: 67
SMCF Sharpe Ratio Rank: 61
SMCF Sortino Ratio Rank: 63
SMCF Omega Ratio Rank: 59
SMCF Calmar Ratio Rank: 85
SMCF Martin Ratio Rank: 68

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. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Equity ETF (AVSC) and Themes US Small Cap Cash Flow Champions ETF (SMCF). 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.

	AVSC	SMCF	Difference
Sharpe ratio Return per unit of total volatility	2.16	2.05	+0.11
Sortino ratio Return per unit of downside risk	3.09	2.95	+0.14
Omega ratio Gain probability vs. loss probability	1.37	1.36	0.00
Calmar ratio Return relative to maximum drawdown	4.93	4.63	+0.30
Martin ratio Return relative to average drawdown	15.33	12.46	+2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVSC vs. SMCF - Sharpe Ratio Comparison

The current AVSC Sharpe Ratio is 2.16, which is comparable to the SMCF Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AVSC and SMCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVSC	SMCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.05	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.91	-0.51

Drawdowns

AVSC vs. SMCF - Drawdown Comparison

The maximum AVSC drawdown since its inception was -28.40%, roughly equal to the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for AVSC and SMCF.

Drawdown Indicators

	AVSC	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-28.48%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-7.13%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	—	—
Current Drawdown Current decline from peak	-1.32%	-2.44%	+1.12%
Average Drawdown Average peak-to-trough decline	-7.37%	-5.29%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.65%	-0.11%

Volatility

AVSC vs. SMCF - Volatility Comparison

Avantis US Small Cap Equity ETF (AVSC) has a higher volatility of 4.49% compared to Themes US Small Cap Cash Flow Champions ETF (SMCF) at 3.55%. This indicates that AVSC's price experiences larger fluctuations and is considered to be riskier than SMCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSC	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	3.55%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	10.00%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	16.18%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	20.31%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	20.31%	+2.03%

AVSC vs. SMCF - Expense Ratio Comparison

AVSC has a 0.25% expense ratio, which is lower than SMCF's 0.29% expense ratio.

Dividends

AVSC vs. SMCF - Dividend Comparison

AVSC's dividend yield for the trailing twelve months is around 0.92%, less than SMCF's 3.44% yield.

Position	TTM	2025	2024	2023	2022
AVSC Avantis US Small Cap Equity ETF	0.92%	1.16%	1.17%	1.42%	1.10%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.44%	3.91%	0.61%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVSC and SMCF in my portfolio?

AVSC and SMCF 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 SMCF?

AVSC has higher volatility (4.49%) compared to SMCF (3.55%). In terms of maximum drawdown, AVSC dropped -28.40% vs SMCF's -28.48%.

Which ETF is better, AVSC or SMCF?

On 1-year performance, AVSC leads with 38.76% vs 32.87% for SMCF. On fees, AVSC is cheaper at 0.25% per year. On volatility, SMCF has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSC or SMCF?

Over the 1-year period, AVSC has performed better with a 38.76% return vs 32.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSC or SMCF?

AVSC is cheaper with a 0.25% expense ratio, compared with 0.29% for SMCF.

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

SMCF has the higher dividend yield at 3.44%, compared with 0.92% for AVSC.

What is the main difference between AVSC and SMCF?

AVSC tracks Russell 2000 Index, while SMCF tracks Solactive US Small Cap Cash Flow Champions Index - Benchmark TR Gross. They also come from different issuers: Avantis and Themes. Their fees differ too: 0.25% for AVSC and 0.29% for SMCF.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.16 vs 2.05), 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.