AVSC vs. VIOO
AVSC (Avantis US Small Cap Equity ETF) and VIOO (Vanguard S&P Small-Cap 600 ETF) are both exchange-traded funds - AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index, while VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 3 years, AVSC returned 18.70%/yr vs 16.19%/yr for VIOO. With a 0.98 correlation, they move nearly in lockstep. AVSC charges 0.25%/yr vs 0.07%/yr for VIOO.
Performance
AVSC vs. VIOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVSC achieves a 21.15% return, which is significantly higher than VIOO's 19.31% return.
AVSC
- 1D
- -0.16%
- 1M
- 4.37%
- YTD
- 21.15%
- 6M
- 19.08%
- 1Y
- 42.10%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
VIOO
- 1D
- -0.35%
- 1M
- 4.23%
- YTD
- 19.31%
- 6M
- 16.84%
- 1Y
- 34.71%
- 3Y*
- 16.19%
- 5Y*
- 6.28%
- 10Y*
- 11.31%
AVSC vs. VIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 21.15% | 9.42% | 7.75% | 19.68% | -12.40% |
VIOO Vanguard S&P Small-Cap 600 ETF | 19.31% | 6.04% | 8.48% | 16.16% | -15.11% |
Correlation
The correlation between AVSC and VIOO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.98 |
The correlation between AVSC and VIOO has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVSC vs. VIOO — Risk / Return Rank
AVSC
VIOO
AVSC vs. VIOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Equity ETF (AVSC) and Vanguard S&P Small-Cap 600 ETF (VIOO). 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 | VIOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 3.98 | +1.38 |
| Martin ratioReturn relative to average drawdown | 16.79 | 13.43 | +3.36 |
Loading charts...
Drawdowns
AVSC vs. VIOO - Drawdown Comparison
The maximum AVSC drawdown since its inception was -28.40%, smaller than the maximum VIOO drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for AVSC and VIOO.
Loading charts...
Drawdown Indicators
| AVSC | VIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -44.15% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -8.77% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.40% | -27.93% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.15% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.47% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -7.31% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.59% | -0.08% |
Volatility
AVSC vs. VIOO - Volatility Comparison
The current volatility for Avantis US Small Cap Equity ETF (AVSC) is 4.70%, while Vanguard S&P Small-Cap 600 ETF (VIOO) has a volatility of 4.97%. This indicates that AVSC experiences smaller price fluctuations and is considered to be less risky than VIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVSC | VIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.97% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 12.11% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 17.77% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 21.40% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 22.98% | -0.70% |
AVSC vs. VIOO - Expense Ratio Comparison
AVSC has a 0.25% expense ratio, which is higher than VIOO's 0.07% 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. VIOO - Dividend Comparison
AVSC's dividend yield for the trailing twelve months is around 1.20%, more than VIOO's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 0.95% | 1.16% | 1.17% | 1.42% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.14% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
Frequently Asked Questions
With a correlation of 0.97, AVSC and VIOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VIOO has higher volatility (4.97%) compared to AVSC (4.70%). In terms of maximum drawdown, AVSC dropped -28.40% vs VIOO's -44.15%.
On 3-year performance, AVSC leads with 18.70% vs 16.19% for VIOO. On fees, VIOO is cheaper at 0.07% per year. On volatility, AVSC has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVSC has performed better with a 18.70% return vs 16.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIOO is cheaper with a 0.07% expense ratio, compared with 0.25% for AVSC.
AVSC has the higher dividend yield at 1.20%, compared with 1.14% for VIOO.
AVSC is categorized as Small Cap Value Equities, while VIOO is Small Cap Blend Equities. AVSC tracks Russell 2000 Index, while VIOO tracks S&P SmallCap 600 Index. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.25% for AVSC and 0.07% for VIOO.
AVSC currently has the higher Sharpe Ratio (2.33 vs 1.97), 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.
Find the right allocation for AVSC and VIOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer