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AVSF vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

AVSF vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Short-Term Fixed Income ETF (AVSF) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVSF achieves a 0.40% return, which is significantly lower than VOO's 9.75% return.


AVSF

1D
-0.12%
1M
0.16%
YTD
0.40%
6M
0.58%
1Y
3.65%
3Y*
4.81%
5Y*
1.87%
10Y*

VOO

1D
-0.29%
1M
0.08%
YTD
9.75%
6M
9.30%
1Y
26.77%
3Y*
21.36%
5Y*
13.58%
10Y*
15.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVSF vs. VOO - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
AVSF
Avantis Short-Term Fixed Income ETF
0.40%6.57%3.81%5.25%-5.52%-1.17%0.46%
VOO
Vanguard S&P 500 ETF
9.75%17.82%24.98%26.32%-18.17%28.79%7.96%

Correlation

The correlation between AVSF and VOO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2020

0.21

The correlation between AVSF and VOO shifts across timeframes, from 0.21 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

AVSF vs. VOO — Risk / Return Rank

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

AVSF
AVSF Risk / Return Rank: 5858
Overall Rank
AVSF Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
AVSF Sortino Ratio Rank: 6464
Sortino Ratio Rank
AVSF Omega Ratio Rank: 6060
Omega Ratio Rank
AVSF Calmar Ratio Rank: 5454
Calmar Ratio Rank
AVSF Martin Ratio Rank: 5555
Martin Ratio Rank

VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VOO Omega Ratio Rank: 6969
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7474
Martin Ratio Rank
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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Short-Term Fixed Income ETF (AVSF) and Vanguard S&P 500 ETF (VOO). 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.


AVSFVOODifference
Sharpe ratioReturn per unit of total volatility

-0.26

Sortino ratioReturn per unit of downside risk

-0.07

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.04

Calmar ratioReturn relative to maximum drawdown

2.59

3.02

-0.43

Martin ratioReturn relative to average drawdown

9.43

13.58

-4.15

AVSF vs. VOO - Sharpe Ratio Comparison

The current AVSF Sharpe Ratio is 1.91, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of AVSF and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

AVSF vs. VOO - Drawdown Comparison

The maximum AVSF drawdown since its inception was -8.85%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AVSF and VOO.


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Drawdown Indicators


AVSFVOODifference

Max Drawdown

Largest peak-to-trough decline

-8.85%

-33.99%

+25.14%

Max Drawdown (1Y)

Largest decline over 1 year

-1.42%

-8.90%

+7.48%

Max Drawdown (3Y)

Largest decline over 3 years

-1.42%

-18.69%

+17.27%

Max Drawdown (5Y)

Largest decline over 5 years

-8.85%

-24.52%

+15.67%

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

Current Drawdown

Current decline from peak

-0.58%

-1.74%

+1.16%

Average Drawdown

Average peak-to-trough decline

-2.19%

-3.68%

+1.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.39%

1.98%

-1.59%

Volatility

AVSF vs. VOO - Volatility Comparison

The current volatility for Avantis Short-Term Fixed Income ETF (AVSF) is 0.67%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that AVSF experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


AVSFVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.67%

4.60%

-3.93%

Volatility (6M)

Calculated over the trailing 6-month period

1.44%

9.73%

-8.29%

Volatility (1Y)

Calculated over the trailing 1-year period

1.92%

12.39%

-10.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.66%

16.90%

-14.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.53%

18.05%

-15.52%

AVSF vs. VOO - Expense Ratio Comparison

AVSF has a 0.15% expense ratio, which is higher than VOO's 0.03% 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

AVSF vs. VOO - Dividend Comparison

AVSF's dividend yield for the trailing twelve months is around 4.37%, more than VOO's 1.04% yield.


PositionTTM20252024202320222021202020192018201720162015
AVSF
Avantis Short-Term Fixed Income ETF
4.37%4.31%4.34%3.93%1.78%0.48%0.10%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.04%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions


AVSF and VOO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VOO has higher volatility (4.60%) compared to AVSF (0.67%). In terms of maximum drawdown, AVSF dropped -8.85% vs VOO's -33.99%.

On 5-year performance, VOO leads with 13.58% vs 1.87% for AVSF. On fees, VOO is cheaper at 0.03% per year. 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.

Over the 5-year period, VOO has performed better with a 13.58% return vs 1.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for AVSF.

AVSF has the higher dividend yield at 4.37%, compared with 1.04% for VOO.

AVSF is categorized as Short-Term Bond, while VOO is S&P 500. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.15% for AVSF and 0.03% for VOO.

VOO currently has the higher Sharpe Ratio (2.17 vs 1.91), 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.

Portfolio Optimizer

Find the right allocation for AVSF and VOO

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