AVUV vs. FISVX

Last updated Aug 4, 2026

AVUV (Avantis US Small Cap Value ETF) and FISVX (Fidelity Small Cap Value Index Fund) are both Small Cap Value Equities funds. AVUV is actively managed, while FISVX is passively managed. Over the past 5 years, AVUV returned 13.90%/yr vs 9.10%/yr for FISVX. Their 0.97 correlation means they have historically moved very closely together. AVUV charges 0.25%/yr vs 0.05%/yr for FISVX.

Performance

AVUV vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVUV achieves a 25.35% return, which is significantly higher than FISVX's 22.94% return.

AVUV

• 1D: 1.40%
• 1M: 2.86%
• 6M: 15.44%
• YTD: 25.35%
• 1Y: 42.62%
• 3Y*: 17.00%
• 5Y*: 13.90%
• 10Y*: —
• ALL TIME*: 16.35%

FISVX

• 1D: -0.29%
• 1M: 0.03%
• 6M: 13.82%
• YTD: 22.94%
• 1Y: 43.55%
• 3Y*: 16.07%
• 5Y*: 9.10%
• 10Y*: —
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVUV Avantis US Small Cap Value ETF	$147.82M	$147.76M	$156.17M
FISVX Fidelity Small Cap Value Index Fund	$0.00	$0.00	$0.00

AVUV vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	25.35%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
FISVX Fidelity Small Cap Value Index Fund	22.94%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	6.90%

Correlation

The correlation between AVUV and FISVX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.97

The correlation between AVUV and FISVX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

AVUV vs. FISVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVUV

AVUV Risk / Return Rank: 93
AVUV Sharpe Ratio Rank: 93
AVUV Sortino Ratio Rank: 94
AVUV Omega Ratio Rank: 92
AVUV Calmar Ratio Rank: 95
AVUV Martin Ratio Rank: 93

FISVX

FISVX Risk / Return Rank: 91
FISVX Sharpe Ratio Rank: 91
FISVX Sortino Ratio Rank: 89
FISVX Omega Ratio Rank: 83
FISVX Calmar Ratio Rank: 96
FISVX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVUV vs. FISVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Fidelity Small Cap Value Index Fund (FISVX). 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.

	AVUV	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.32	+0.24
Sortino ratio: Return per unit of downside risk	3.67	3.31	+0.36
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	5.39	4.76	+0.62
Martin ratio: Return relative to average drawdown	17.01	17.26	-0.25

AVUV vs. FISVX - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.56, which is comparable to the FISVX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of AVUV and FISVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVUV vs. FISVX - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for AVUV and FISVX.

Drawdown Indicators

	AVUV	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-44.66%	-4.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-8.54%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-26.50%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-26.50%	-2.29%
Current Drawdown Current decline from peak	0.00%	-1.25%	+1.25%
Average Drawdown Average peak-to-trough decline	-7.78%	-10.11%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.36%	+0.15%

Volatility

AVUV vs. FISVX - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) and Fidelity Small Cap Value Index Fund (FISVX) have volatilities of 3.08% and 3.17%, 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

	AVUV	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.17%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	11.99%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	17.56%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	21.51%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.02%	26.51%	+1.51%

AVUV vs. FISVX - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is higher than FISVX's 0.05% 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

AVUV vs. FISVX - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.23%, less than FISVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.23%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
FISVX Fidelity Small Cap Value Index Fund	1.77%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%

Frequently Asked Questions

Can I hold both AVUV and FISVX in my portfolio?

With a correlation of 0.93, AVUV and FISVX 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, AVUV or FISVX?

FISVX has higher volatility (3.17%) compared to AVUV (3.08%). In terms of maximum drawdown, AVUV dropped -49.42% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.56 vs 2.32), 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.