AVSF vs. AVSC

Last updated Jun 4, 2026

AVSF (Avantis Short-Term Fixed Income ETF) and AVSC (Avantis US Small Cap Equity ETF) are both exchange-traded funds - AVSF is a Short-Term Bond fund actively managed by Avantis, while AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index. AVSF is actively managed, while AVSC is passively managed. Over the past 3 years, AVSF returned 4.80%/yr vs 17.09%/yr for AVSC. At a 0.23 correlation, their price movements are largely independent. AVSF charges 0.15%/yr vs 0.25%/yr for AVSC.

Performance

AVSF vs. AVSC - Performance Comparison

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

Returns By Period

In the year-to-date period, AVSF achieves a 0.43% return, which is significantly lower than AVSC's 16.85% return.

AVSF

• 1D: -0.09%
• 1M: 0.10%
• YTD: 0.43%
• 6M: 0.72%
• 1Y: 4.02%
• 3Y*: 4.80%
• 5Y*: 1.83%
• 10Y*: —

AVSC

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

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

AVSF vs. AVSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSF Avantis Short-Term Fixed Income ETF	0.43%	6.57%	3.81%	5.25%	-5.06%
AVSC Avantis US Small Cap Equity ETF	16.85%	9.42%	7.75%	19.68%	-11.72%

Correlation

The correlation between AVSF and AVSC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 14, 2022	0.23

Return for Risk

AVSF vs. AVSC — Risk / Return Rank

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

AVSF

AVSF Risk / Return Rank: 64
AVSF Sharpe Ratio Rank: 64
AVSF Sortino Ratio Rank: 72
AVSF Omega Ratio Rank: 67
AVSF Calmar Ratio Rank: 57
AVSF Martin Ratio Rank: 60

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

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. AVSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Short-Term Fixed Income ETF (AVSF) and Avantis US Small Cap Equity ETF (AVSC). 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.

	AVSF	AVSC	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.16	-0.01
Sortino ratio: Return per unit of downside risk	3.28	3.09	+0.19
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	2.85	4.93	-2.08
Martin ratio: Return relative to average drawdown	10.80	15.33	-4.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVSF vs. AVSC - Sharpe Ratio Comparison

The current AVSF Sharpe Ratio is 2.15, which is comparable to the AVSC Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AVSF and AVSC, 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

	AVSF	AVSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.16	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.40	+0.26

Drawdowns

AVSF vs. AVSC - Drawdown Comparison

The maximum AVSF drawdown since its inception was -8.85%, smaller than the maximum AVSC drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for AVSF and AVSC.

Drawdown Indicators

	AVSF	AVSC	Difference
Max Drawdown Largest peak-to-trough decline	-8.85%	-28.40%	+19.55%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-7.89%	+6.47%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	-28.40%	+26.98%
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.32%	+0.77%
Average Drawdown Average peak-to-trough decline	-2.20%	-7.37%	+5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	2.54%	-2.17%

Volatility

AVSF vs. AVSC - Volatility Comparison

The current volatility for Avantis Short-Term Fixed Income ETF (AVSF) is 0.56%, while Avantis US Small Cap Equity ETF (AVSC) has a volatility of 4.49%. This indicates that AVSF experiences smaller price fluctuations and is considered to be less risky than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSF	AVSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	4.49%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	11.71%	-10.36%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	18.10%	-16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.65%	22.34%	-19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.52%	22.34%	-19.82%

AVSF vs. AVSC - Expense Ratio Comparison

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

Dividends

AVSF vs. AVSC - Dividend Comparison

AVSF's dividend yield for the trailing twelve months is around 4.02%, more than AVSC's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVSC Avantis US Small Cap Equity ETF	0.92%	1.16%	1.17%	1.42%	1.10%	0.00%	0.00%
AVSF Avantis Short-Term Fixed Income ETF	4.02%	4.31%	4.34%	3.93%	1.78%	0.48%	0.10%

Frequently Asked Questions

Can I hold both AVSF and AVSC in my portfolio?

AVSF and AVSC have a correlation of 0.28, 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 AVSC?

AVSC has higher volatility (4.49%) compared to AVSF (0.56%). In terms of maximum drawdown, AVSF dropped -8.85% vs AVSC's -28.40%.

Which ETF is better, AVSF or AVSC?

On 3-year performance, AVSC leads with 17.09% vs 4.80% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, AVSF has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSF or AVSC?

Over the 3-year period, AVSC has performed better with a 17.09% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSF or AVSC?

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

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

AVSF has the higher dividend yield at 4.02%, compared with 0.92% for AVSC.

What is the main difference between AVSF and AVSC?

AVSF is categorized as Short-Term Bond, while AVSC is Small Cap Value Equities. Their fees differ too: 0.15% for AVSF and 0.25% for AVSC.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.16 vs 2.15), 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.