AVSC vs. VIOV
AVSC (Avantis US Small Cap Equity ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both Small Cap Value Equities funds - AVSC tracks the Russell 2000 Index while VIOV tracks the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 3 years, AVSC returned 18.70%/yr vs 15.57%/yr for VIOV. With a 0.97 correlation, they move nearly in lockstep. AVSC charges 0.25%/yr vs 0.10%/yr for VIOV.
Performance
AVSC vs. VIOV - Performance Comparison
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Returns By Period
In the year-to-date period, AVSC achieves a 21.15% return, which is significantly higher than VIOV's 17.53% return.
AVSC
- 1D
- -0.16%
- 1M
- 4.37%
- YTD
- 21.15%
- 6M
- 19.08%
- 1Y
- 42.10%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
VIOV
- 1D
- -0.26%
- 1M
- 2.94%
- YTD
- 17.53%
- 6M
- 15.94%
- 1Y
- 37.82%
- 3Y*
- 15.57%
- 5Y*
- 6.32%
- 10Y*
- 10.66%
AVSC vs. VIOV - 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% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 17.53% | 6.63% | 7.44% | 15.36% | -12.15% |
Correlation
The correlation between AVSC and VIOV is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.97 |
The correlation between AVSC and VIOV has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
AVSC vs. VIOV — Risk / Return Rank
AVSC
VIOV
AVSC vs. VIOV - 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 Value ETF (VIOV). 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 | VIOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 4.07 | +1.29 |
| Martin ratioReturn relative to average drawdown | 16.79 | 13.34 | +3.45 |
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Drawdowns
AVSC vs. VIOV - Drawdown Comparison
The maximum AVSC drawdown since its inception was -28.40%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for AVSC and VIOV.
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Drawdown Indicators
| AVSC | VIOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -47.36% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -9.33% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -28.40% | -28.44% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.36% | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.58% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -7.36% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.84% | -0.33% |
Volatility
AVSC vs. VIOV - Volatility Comparison
Avantis US Small Cap Equity ETF (AVSC) and Vanguard S&P Small-Cap 600 Value ETF (VIOV) have volatilities of 4.70% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVSC | VIOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.75% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 11.82% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 18.44% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 21.90% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 23.88% | -1.60% |
AVSC vs. VIOV - Expense Ratio Comparison
AVSC has a 0.25% expense ratio, which is higher than VIOV's 0.10% 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. VIOV - Dividend Comparison
AVSC's dividend yield for the trailing twelve months is around 1.20%, less than VIOV's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 1.20% | 1.16% | 1.17% | 1.42% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 1.56% | 1.69% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% |
Frequently Asked Questions
With a correlation of 0.96, AVSC and VIOV 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.
VIOV has higher volatility (4.75%) compared to AVSC (4.70%). In terms of maximum drawdown, AVSC dropped -28.40% vs VIOV's -47.36%.
On 3-year performance, AVSC leads with 18.70% vs 15.57% for VIOV. On fees, VIOV is cheaper at 0.10% per year. Their volatility is very similar. 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 15.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIOV is cheaper with a 0.10% expense ratio, compared with 0.25% for AVSC.
VIOV has the higher dividend yield at 1.56%, compared with 1.20% for AVSC.
AVSC tracks Russell 2000 Index, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.25% for AVSC and 0.10% for VIOV.
AVSC currently has the higher Sharpe Ratio (2.33 vs 2.06), 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.
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