AVUS vs. PBUS

Last updated Jun 4, 2026

AVUS (Avantis U.S. Equity ETF) and PBUS (Invesco PureBeta MSCI USA ETF) are both exchange-traded funds - AVUS is a Large Cap Blend Equities fund actively managed by American Century, while PBUS is a Large Cap Growth Equities fund tracking the MSCI USA Index. AVUS is actively managed, while PBUS is passively managed. Over the past 5 years, AVUS returned 13.04%/yr vs 13.48%/yr for PBUS. Their correlation of 0.94 suggests significant overlap in exposure. AVUS charges 0.15%/yr vs 0.04%/yr for PBUS.

Performance

AVUS vs. PBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Equity ETF (AVUS) and Invesco PureBeta MSCI USA ETF (PBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVUS achieves a 14.42% return, which is significantly higher than PBUS's 10.82% return.

AVUS

• 1D: -0.46%
• 1M: 4.77%
• YTD: 14.42%
• 6M: 14.71%
• 1Y: 32.34%
• 3Y*: 22.35%
• 5Y*: 13.04%
• 10Y*: —

PBUS

• 1D: -0.64%
• 1M: 5.14%
• YTD: 10.82%
• 6M: 10.68%
• 1Y: 27.65%
• 3Y*: 22.61%
• 5Y*: 13.48%
• 10Y*: —

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

AVUS vs. PBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUS Avantis U.S. Equity ETF	14.42%	16.68%	20.43%	21.77%	-13.82%	28.73%	17.58%	8.87%
PBUS Invesco PureBeta MSCI USA ETF	10.82%	17.58%	24.99%	27.33%	-19.64%	26.77%	21.75%	9.18%

Correlation

The correlation between AVUS and PBUS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.94

The correlation between AVUS and PBUS has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

AVUS vs. PBUS - Sectors Allocation Comparison

Sectors	AVUS	PBUS
Technology	27.5%	35.4%
Financial Services	15.2%	11.6%
Consumer Cyclical	11.8%	10.1%
Industrials	11.5%	8.6%
Communication Services	9.8%	11.3%
Energy	7.4%	3.6%
Healthcare	7.1%	8.6%
Consumer Defensive	4.4%	4.8%
Basic Materials	2.7%	1.8%
Utilities	2.5%	2.3%
Real Estate	0.2%	1.9%

Return for Risk

AVUS vs. PBUS — Risk / Return Rank

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

AVUS

AVUS Risk / Return Rank: 81
AVUS Sharpe Ratio Rank: 81
AVUS Sortino Ratio Rank: 80
AVUS Omega Ratio Rank: 79
AVUS Calmar Ratio Rank: 79
AVUS Martin Ratio Rank: 86

PBUS

PBUS Risk / Return Rank: 68
PBUS Sharpe Ratio Rank: 70
PBUS Sortino Ratio Rank: 68
PBUS Omega Ratio Rank: 69
PBUS Calmar Ratio Rank: 62
PBUS Martin Ratio Rank: 73

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.

AVUS vs. PBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Equity ETF (AVUS) and Invesco PureBeta MSCI USA ETF (PBUS). 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.

	AVUS	PBUS	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.30	+0.37
Sortino ratio: Return per unit of downside risk	3.66	3.15	+0.51
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	4.14	3.08	+1.06
Martin ratio: Return relative to average drawdown	18.85	13.93	+4.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVUS vs. PBUS - Sharpe Ratio Comparison

The current AVUS Sharpe Ratio is 2.68, which is comparable to the PBUS Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of AVUS and PBUS, 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

	AVUS	PBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.30	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.80	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.80	0.00

Drawdowns

AVUS vs. PBUS - Drawdown Comparison

The maximum AVUS drawdown since its inception was -37.04%, which is greater than PBUS's maximum drawdown of -33.15%. Use the drawdown chart below to compare losses from any high point for AVUS and PBUS.

Drawdown Indicators

	AVUS	PBUS	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-33.15%	-3.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-9.02%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-19.07%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-25.40%	+3.21%
Current Drawdown Current decline from peak	-0.46%	-0.64%	+0.18%
Average Drawdown Average peak-to-trough decline	-5.09%	-5.13%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.99%	-0.27%

Volatility

AVUS vs. PBUS - Volatility Comparison

Avantis U.S. Equity ETF (AVUS) and Invesco PureBeta MSCI USA ETF (PBUS) have volatilities of 2.98% and 2.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUS	PBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.94%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	9.13%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	12.06%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	17.05%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	19.33%	+1.52%

AVUS vs. PBUS - Expense Ratio Comparison

AVUS has a 0.15% expense ratio, which is higher than PBUS's 0.04% 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

AVUS vs. PBUS - Dividend Comparison

AVUS's dividend yield for the trailing twelve months is around 0.91%, less than PBUS's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVUS Avantis U.S. Equity ETF	0.91%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%
PBUS Invesco PureBeta MSCI USA ETF	0.98%	1.05%	1.20%	1.36%	1.71%	0.98%	1.35%	1.53%	2.33%	0.50%

Frequently Asked Questions

Can I hold both AVUS and PBUS in my portfolio?

With a correlation of 0.96, AVUS and PBUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVUS or PBUS?

AVUS has higher volatility (2.98%) compared to PBUS (2.94%). In terms of maximum drawdown, AVUS dropped -37.04% vs PBUS's -33.15%.

Which ETF is better, AVUS or PBUS?

On 5-year performance, PBUS leads with 13.48% vs 13.04% for AVUS. On fees, PBUS is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUS or PBUS?

Over the 5-year period, PBUS has performed better with a 13.48% return vs 13.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUS or PBUS?

PBUS is cheaper with a 0.04% expense ratio, compared with 0.15% for AVUS.

Which ETF pays a higher dividend yield, AVUS or PBUS?

PBUS has the higher dividend yield at 0.98%, compared with 0.91% for AVUS.

What is the main difference between AVUS and PBUS?

AVUS is categorized as Large Cap Blend Equities, while PBUS is Large Cap Growth Equities. They also come from different issuers: American Century and Invesco. Their fees differ too: 0.15% for AVUS and 0.04% for PBUS.

Which has better risk-adjusted returns?

AVUS currently has the higher Sharpe Ratio (2.68 vs 2.30), 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.