AVUV vs. GBDC
AVUV (Avantis US Small Cap Value ETF) is Small Cap Value Equities fund actively managed by Avantis, while GBDC (Golub Capital BDC, Inc.) is a stock. Over the past 5 years, AVUV returned 11.57%/yr vs 6.81%/yr for GBDC. At a 0.46 correlation, their price movements are largely independent.
Performance
AVUV vs. GBDC - Performance Comparison
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Returns By Period
In the year-to-date period, AVUV achieves a 22.73% return, which is significantly higher than GBDC's 0.68% return.
AVUV
- 1D
- 0.96%
- 1M
- 5.96%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 40.08%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
GBDC
- 1D
- -0.30%
- 1M
- 1.53%
- YTD
- 0.68%
- 6M
- -0.71%
- 1Y
- -2.64%
- 3Y*
- 10.34%
- 5Y*
- 6.81%
- 10Y*
- 6.73%
AVUV vs. GBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
GBDC Golub Capital BDC, Inc. | 0.68% | -0.50% | 13.57% | 27.69% | -6.99% | 17.78% | -14.73% | 0.30% |
Correlation
The correlation between AVUV and GBDC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.46 |
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Return for Risk
AVUV vs. GBDC — Risk / Return Rank
AVUV
GBDC
AVUV vs. GBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Golub Capital BDC, Inc. (GBDC). 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 | GBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.99 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | -0.15 | +5.21 |
| Martin ratioReturn relative to average drawdown | 15.09 | -0.31 | +15.40 |
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Drawdowns
AVUV vs. GBDC - Drawdown Comparison
The maximum AVUV drawdown since its inception was -49.42%, roughly equal to the maximum GBDC drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for AVUV and GBDC.
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Drawdown Indicators
| AVUV | GBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.42% | -47.30% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -18.20% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -18.20% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -19.28% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.30% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.79% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -6.13% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 8.56% | -5.89% |
Volatility
AVUV vs. GBDC - Volatility Comparison
The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.53%, while Golub Capital BDC, Inc. (GBDC) has a volatility of 5.60%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than GBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVUV | GBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 5.60% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 15.83% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 19.15% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 17.19% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.26% | 21.56% | +6.70% |
Dividends
AVUV vs. GBDC - Dividend Comparison
AVUV's dividend yield for the trailing twelve months is around 1.61%, less than GBDC's 11.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
GBDC Golub Capital BDC, Inc. | 11.29% | 11.50% | 12.73% | 10.00% | 9.35% | 7.58% | 8.44% | 7.70% | 8.49% | 7.47% | 8.32% | 7.70% |
Frequently Asked Questions
AVUV and GBDC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBDC has higher volatility (5.60%) compared to AVUV (4.53%). In terms of maximum drawdown, AVUV dropped -49.42% vs GBDC's -47.30%.
AVUV currently has the higher Sharpe Ratio (2.28 vs -0.14), 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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