AVSF vs. AVLV

Last updated Jun 24, 2026

AVSF (Avantis Short-Term Fixed Income ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both exchange-traded funds - AVSF is a Short-Term Bond fund actively managed by Avantis, while AVLV is a Large Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, AVSF returned 4.84%/yr vs 22.67%/yr for AVLV. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

AVSF vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Short-Term Fixed Income ETF (AVSF) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVSF achieves a 0.49% return, which is significantly lower than AVLV's 20.57% return.

AVSF

• 1D: 0.09%
• 1M: 0.24%
• YTD: 0.49%
• 6M: 0.74%
• 1Y: 3.59%
• 3Y*: 4.84%
• 5Y*: 1.89%
• 10Y*: —

AVLV

• 1D: -1.02%
• 1M: 1.99%
• YTD: 20.57%
• 6M: 19.54%
• 1Y: 37.53%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

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

AVSF vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVSF Avantis Short-Term Fixed Income ETF	0.49%	6.57%	3.81%	5.25%	-5.52%	-0.92%
AVLV Avantis U.S. Large Cap Value ETF	20.57%	15.12%	17.49%	17.43%	-5.53%	6.27%

Correlation

The correlation between AVSF and AVLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.17

Return for Risk

AVSF vs. AVLV — Risk / Return Rank

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

AVSF

AVSF Risk / Return Rank: 60
AVSF Sharpe Ratio Rank: 61
AVSF Sortino Ratio Rank: 65
AVSF Omega Ratio Rank: 61
AVSF Calmar Ratio Rank: 55
AVSF Martin Ratio Rank: 56

AVLV

AVLV Risk / Return Rank: 91
AVLV Sharpe Ratio Rank: 91
AVLV Sortino Ratio Rank: 91
AVLV Omega Ratio Rank: 89
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

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.

AVSF vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Short-Term Fixed Income ETF (AVSF) 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.

	AVSF	AVLV	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.99	-1.11
Sortino ratio: Return per unit of downside risk	2.81	4.11	-1.30
Omega ratio: Gain probability vs. loss probability	1.35	1.53	-0.18
Calmar ratio: Return relative to maximum drawdown	2.54	5.90	-3.36
Martin ratio: Return relative to average drawdown	9.23	23.36	-14.13

AVSF vs. AVLV - Sharpe Ratio Comparison

The current AVSF Sharpe Ratio is 1.88, which is lower than the AVLV Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of AVSF 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

AVSF vs. AVLV - Drawdown Comparison

The maximum AVSF drawdown since its inception was -8.85%, smaller than the maximum AVLV drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for AVSF and AVLV.

Drawdown Indicators

	AVSF	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-8.85%	-19.50%	+10.65%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-6.39%	+4.97%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	-19.50%	+18.08%
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-0.49%	-1.30%	+0.81%
Average Drawdown Average peak-to-trough decline	-2.19%	-3.89%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	1.61%	-1.22%

Volatility

AVSF vs. AVLV - Volatility Comparison

The current volatility for Avantis Short-Term Fixed Income ETF (AVSF) is 0.67%, while Avantis U.S. Large Cap Value ETF (AVLV) has a volatility of 3.99%. This indicates that AVSF experiences smaller price fluctuations and is considered to be less risky than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSF	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	3.99%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	1.44%	9.41%	-7.97%
Volatility (1Y) Calculated over the trailing 1-year period	1.92%	12.60%	-10.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.66%	17.33%	-14.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.53%	17.33%	-14.80%

AVSF vs. AVLV - Expense Ratio Comparison

Both AVSF and AVLV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVSF vs. AVLV - Dividend Comparison

AVSF's dividend yield for the trailing twelve months is around 4.36%, more than AVLV's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVLV Avantis U.S. Large Cap Value ETF	1.38%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%
AVSF Avantis Short-Term Fixed Income ETF	4.36%	4.31%	4.34%	3.93%	1.78%	0.48%	0.10%

Frequently Asked Questions

Can I hold both AVSF and AVLV in my portfolio?

AVSF and AVLV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVSF or AVLV?

AVLV has higher volatility (3.99%) compared to AVSF (0.67%). In terms of maximum drawdown, AVSF dropped -8.85% vs AVLV's -19.50%.

Which ETF is better, AVSF or AVLV?

On 3-year performance, AVLV leads with 22.67% vs 4.84% for AVSF. Both ETFs have the same 0.15% expense ratio. On volatility, AVSF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSF or AVLV?

Over the 3-year period, AVLV has performed better with a 22.67% return vs 4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSF or AVLV?

AVSF and AVLV have the same expense ratio: 0.15% per year.

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

AVSF has the higher dividend yield at 4.36%, compared with 1.38% for AVLV.

What is the main difference between AVSF and AVLV?

AVSF is categorized as Short-Term Bond, while AVLV is Large Cap Value Equities.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (2.99 vs 1.88), 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.