AVSF vs. USTB
AVSF (Avantis Short-Term Fixed Income ETF) and USTB (VictoryShares Short-Term Bond ETF) are both Short-Term Bond funds. AVSF is actively managed, while USTB is passively managed. Over the past 5 years, AVSF returned 1.83%/yr vs 3.50%/yr for USTB. A 0.77 correlation means they provide meaningful diversification when combined. AVSF charges 0.15%/yr vs 0.34%/yr for USTB.
Performance
AVSF vs. USTB - Performance Comparison
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Returns By Period
In the year-to-date period, AVSF achieves a 0.43% return, which is significantly lower than USTB's 1.19% return.
AVSF
- 1D
- -0.09%
- 1M
- 0.10%
- YTD
- 0.43%
- 6M
- 0.72%
- 1Y
- 4.02%
- 3Y*
- 4.80%
- 5Y*
- 1.83%
- 10Y*
- —
USTB
- 1D
- -0.04%
- 1M
- 0.32%
- YTD
- 1.19%
- 6M
- 1.58%
- 1Y
- 4.75%
- 3Y*
- 6.13%
- 5Y*
- 3.50%
- 10Y*
- —
AVSF vs. USTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVSF Avantis Short-Term Fixed Income ETF | 0.43% | 6.57% | 3.81% | 5.25% | -5.52% | -1.17% | 0.53% |
USTB VictoryShares Short-Term Bond ETF | 1.19% | 6.08% | 6.49% | 6.69% | -2.82% | 0.90% | 0.91% |
Correlation
The correlation between AVSF and USTB is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.77 |
The correlation between AVSF and USTB shifts across timeframes, from 0.77 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVSF vs. USTB — Risk / Return Rank
AVSF
USTB
AVSF vs. USTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Short-Term Fixed Income ETF (AVSF) and VictoryShares Short-Term Bond ETF (USTB). 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 | USTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.88 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 5.65 | -2.80 |
| Martin ratioReturn relative to average drawdown | 10.80 | 25.66 | -14.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVSF | USTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 3.93 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.75 | -1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.73 | -1.07 |
Drawdowns
AVSF vs. USTB - Drawdown Comparison
The maximum AVSF drawdown since its inception was -8.85%, which is greater than USTB's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for AVSF and USTB.
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Drawdown Indicators
| AVSF | USTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.85% | -5.32% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.42% | -0.84% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.42% | -1.02% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -4.96% | -3.89% |
Current DrawdownCurrent decline from peak | -0.55% | -0.04% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -0.66% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.19% | +0.18% |
Volatility
AVSF vs. USTB - Volatility Comparison
Avantis Short-Term Fixed Income ETF (AVSF) has a higher volatility of 0.56% compared to VictoryShares Short-Term Bond ETF (USTB) at 0.33%. This indicates that AVSF's price experiences larger fluctuations and is considered to be riskier than USTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVSF | USTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.33% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 0.84% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 1.22% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 2.01% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 2.01% | +0.51% |
AVSF vs. USTB - Expense Ratio Comparison
AVSF has a 0.15% expense ratio, which is lower than USTB's 0.34% expense ratio.
Dividends
AVSF vs. USTB - Dividend Comparison
AVSF's dividend yield for the trailing twelve months is around 4.02%, less than USTB's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AVSF Avantis Short-Term Fixed Income ETF | 4.02% | 4.31% | 4.34% | 3.93% | 1.78% | 0.48% | 0.10% | 0.00% | 0.00% | 0.00% |
USTB VictoryShares Short-Term Bond ETF | 4.58% | 4.62% | 5.05% | 4.49% | 2.54% | 1.84% | 2.59% | 2.69% | 2.32% | 0.43% |
Frequently Asked Questions
AVSF and USTB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVSF has higher volatility (0.56%) compared to USTB (0.33%). In terms of maximum drawdown, AVSF dropped -8.85% vs USTB's -5.32%.
On 5-year performance, USTB leads with 3.50% vs 1.83% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, USTB has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USTB has performed better with a 3.50% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSF is cheaper with a 0.15% expense ratio, compared with 0.34% for USTB.
USTB has the higher dividend yield at 4.58%, compared with 4.02% for AVSF.
They also come from different issuers: Avantis and Victory. Their fees differ too: 0.15% for AVSF and 0.34% for USTB.
USTB currently has the higher Sharpe Ratio (3.93 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.
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