AVSF vs. VOO
AVSF (Avantis Short-Term Fixed Income ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - AVSF is a Short-Term Bond fund actively managed by Avantis, while VOO is a S&P 500 fund tracking the S&P 500 Index. AVSF is actively managed, while VOO is passively managed. Over the past 5 years, AVSF returned 1.87%/yr vs 13.58%/yr for VOO. At a 0.21 correlation, their price movements are largely independent. AVSF charges 0.15%/yr vs 0.03%/yr for VOO.
Performance
AVSF vs. VOO - Performance Comparison
Loading charts...
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%
AVSF vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVSF vs. VOO — Risk / Return Rank
AVSF
VOO
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.
| AVSF | VOO | Difference | |
|---|---|---|---|
| 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 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| AVSF | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.58% | -1.74% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.68% | +1.49% |
Ulcer IndexDepth 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.
Loading charts...
Volatility by Period
| AVSF | VOO | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Find the right allocation for AVSF and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer