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AVUV vs. ISCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVUV vs. ISCV

Last updated Aug 4, 2026
Documentation

AVUV (Avantis US Small Cap Value ETF) and ISCV (iShares Morningstar Small Cap Value ETF) are both Small Cap Value Equities funds. AVUV is actively managed, while ISCV is passively managed. Over the past 5 years, AVUV returned 13.90%/yr vs 9.96%/yr for ISCV. Their 0.97 correlation means they have historically moved very closely together. AVUV charges 0.25%/yr vs 0.06%/yr for ISCV.

Performance

AVUV vs. ISCV - Performance Comparison

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

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Returns By Period

In the year-to-date period, AVUV achieves a 25.35% return, which is significantly higher than ISCV's 18.54% 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%

ISCV

1D
1.31%
1M
2.21%
6M
12.61%
YTD
18.54%
1Y
34.04%
3Y*
14.82%
5Y*
9.96%
10Y*
8.94%
ALL TIME*
9.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AVUV

Avantis US Small Cap Value ETF
$147.82M$147.76M$156.17M

ISCV

iShares Morningstar Small Cap Value ETF
$724.59K$713.11K$865.77K

AVUV vs. ISCV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVUV
Avantis US Small Cap Value ETF		25.35%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%
ISCV
iShares Morningstar Small Cap Value ETF		18.54%10.38%9.31%16.55%-10.58%29.15%0.86%7.38%

Correlation

The correlation between AVUV and ISCV 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.

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.97

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

AVUV vs. ISCV - Sectors Allocation Comparison

Sectors
AVUV
ISCV

Financial Services

27.8%
22.4%

Consumer Cyclical

18.5%
14.6%

Energy

13.9%
5.0%

Industrials

13.5%
12.7%

Technology

7.4%
8.4%

Healthcare

5.3%
11.4%

Consumer Defensive

4.9%
4.7%

Basic Materials

4.8%
3.1%

Communication Services

2.9%
2.5%

Real Estate

0.7%
11.3%

Utilities

0.2%
3.9%

Financial Services

AVUV
27.8%
ISCV
22.4%

Consumer Cyclical

AVUV
18.5%
ISCV
14.6%

Energy

AVUV
13.9%
ISCV
5.0%

Industrials

AVUV
13.5%
ISCV
12.7%

Technology

AVUV
7.4%
ISCV
8.4%

Healthcare

AVUV
5.3%
ISCV
11.4%

Consumer Defensive

AVUV
4.9%
ISCV
4.7%

Basic Materials

AVUV
4.8%
ISCV
3.1%

Communication Services

AVUV
2.9%
ISCV
2.5%

Real Estate

AVUV
0.7%
ISCV
11.3%

Utilities

AVUV
0.2%
ISCV
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis US Small Cap Value ETF

iShares Morningstar Small Cap Value ETF

Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX
Often compared with ISCV:
ISCV vs. IJSISCV vs. VIOVISCV vs. SPSMISCV vs. SLYVISCV vs. VTIISCV vs. SCHDISCV vs. ASVIX

Return for Risk

AVUV vs. ISCV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
AVUV
AVUV Risk / Return Rank: 9393
Overall Rank
AVUV Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 9494
Sortino Ratio Rank
AVUV Omega Ratio Rank: 9292
Omega Ratio Rank
AVUV Calmar Ratio Rank: 9595
Calmar Ratio Rank
AVUV Martin Ratio Rank: 9393
Martin Ratio Rank
ISCV
ISCV Risk / Return Rank: 8888
Overall Rank
ISCV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ISCV Sortino Ratio Rank: 9090
Sortino Ratio Rank
ISCV Omega Ratio Rank: 8686
Omega Ratio Rank
ISCV Calmar Ratio Rank: 8888
Calmar Ratio Rank
ISCV Martin Ratio Rank: 8888
Martin Ratio Rank
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. ISCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and iShares Morningstar Small Cap Value ETF (ISCV). 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.

AVUVISCVDifference
Sharpe ratioReturn per unit of total volatility
2.56
2.19

+0.37

Sortino ratioReturn per unit of downside risk
3.67
3.22

+0.45

Omega ratioGain probability vs. loss probability

1.45

1.38

+0.06

Calmar ratioReturn relative to maximum drawdown

5.39

3.70

+1.69

Martin ratioReturn relative to average drawdown

17.01

13.71

+3.30

AVUV vs. ISCV - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.56, which is comparable to the ISCV Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of AVUV and ISCV, 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

AVUV vs. ISCV - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, smaller than the maximum ISCV drawdown of -63.14%. Use the drawdown chart below to compare losses from any high point for AVUV and ISCV.

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Drawdown Indicators

AVUVISCVDifference

Max Drawdown

Largest peak-to-trough decline

-49.42%

-63.14%

+13.72%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-9.25%

+1.30%

Max Drawdown (3Y)

Largest decline over 3 years

-28.79%

-25.35%

-3.44%

Max Drawdown (5Y)

Largest decline over 5 years

-28.79%

-25.35%

-3.44%

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.56%

—

Current Drawdown

Current decline from peak

0.00%

-0.07%

+0.07%

Average Drawdown

Average peak-to-trough decline

-7.78%

-9.08%

+1.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.49%

+0.02%

Volatility

AVUV vs. ISCV - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 3.08%, while iShares Morningstar Small Cap Value ETF (ISCV) has a volatility of 3.65%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than ISCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVUVISCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.08%

3.65%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

10.58%

10.32%

+0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

16.77%

15.65%

+1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.41%

20.60%

+1.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.02%

23.21%

+4.81%

AVUV vs. ISCV - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is higher than ISCV's 0.06% 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. ISCV - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.23%, less than ISCV's 1.80% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.23%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
ISCV
iShares Morningstar Small Cap Value ETF		1.80%2.04%2.01%2.21%2.12%1.95%2.01%2.36%2.48%1.74%2.49%2.60%

Frequently Asked Questions

With a correlation of 0.93, AVUV and ISCV 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.

ISCV has higher volatility (3.65%) compared to AVUV (3.08%). In terms of maximum drawdown, AVUV dropped -49.42% vs ISCV's -63.14%.

On 5-year performance, AVUV leads with 13.90% vs 9.96% for ISCV. On fees, ISCV is cheaper at 0.06% per year. On volatility, AVUV has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVUV has performed better with a 13.90% return vs 9.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ISCV is cheaper with a 0.06% expense ratio, compared with 0.25% for AVUV.

ISCV has the higher dividend yield at 1.80%, compared with 1.23% for AVUV.

They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVUV and 0.06% for ISCV.

AVUV currently has the higher Sharpe Ratio (2.56 vs 2.19), 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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