AVUV vs. RWJ

Last updated Jun 9, 2026

AVUV (Avantis US Small Cap Value ETF) and RWJ (Invesco S&P SmallCap 600 Revenue ETF) are both Small Cap Value Equities funds. AVUV is actively managed, while RWJ is passively managed. Over the past 5 years, AVUV returned 10.85%/yr vs 7.78%/yr for RWJ. Their correlation of 0.94 suggests significant overlap in exposure. AVUV charges 0.25%/yr vs 0.39%/yr for RWJ.

Performance

AVUV vs. RWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVUV achieves a 18.87% return, which is significantly higher than RWJ's 16.99% return.

AVUV

• 1D: 1.01%
• 1M: 0.89%
• YTD: 18.87%
• 6M: 18.74%
• 1Y: 36.82%
• 3Y*: 18.46%
• 5Y*: 10.85%
• 10Y*: —

RWJ

• 1D: 0.78%
• 1M: 1.37%
• YTD: 16.99%
• 6M: 17.05%
• 1Y: 36.58%
• 3Y*: 16.27%
• 5Y*: 7.78%
• 10Y*: 13.10%

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

AVUV vs. RWJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	18.87%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%
RWJ Invesco S&P SmallCap 600 Revenue ETF	16.99%	7.75%	11.81%	16.21%	-10.97%	52.82%	20.83%	7.69%

Correlation

The correlation between AVUV and RWJ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
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 AVUV and RWJ has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

AVUV vs. RWJ - Sectors Allocation Comparison

Sectors	AVUV	RWJ
Financial Services	25.8%	11.0%
Energy	18.2%	7.4%
Consumer Cyclical	18.0%	23.9%
Industrials	13.9%	16.2%
Technology	7.0%	9.9%
Basic Materials	4.9%	5.2%
Consumer Defensive	4.5%	6.9%
Healthcare	4.2%	11.2%
Communication Services	2.8%	3.3%
Real Estate	0.7%	4.0%
Utilities	0.1%	0.9%

Return for Risk

AVUV vs. RWJ — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 76
AVUV Sharpe Ratio Rank: 72
AVUV Sortino Ratio Rank: 75
AVUV Omega Ratio Rank: 68
AVUV Calmar Ratio Rank: 88
AVUV Martin Ratio Rank: 79

RWJ

RWJ Risk / Return Rank: 65
RWJ Sharpe Ratio Rank: 63
RWJ Sortino Ratio Rank: 66
RWJ Omega Ratio Rank: 59
RWJ Calmar Ratio Rank: 71
RWJ Martin Ratio Rank: 63

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.

AVUV vs. RWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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.

	AVUV	RWJ	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.90	+0.21
Sortino ratio: Return per unit of downside risk	3.02	2.74	+0.28
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	4.65	3.25	+1.40
Martin ratio: Return relative to average drawdown	13.81	10.40	+3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVUV vs. RWJ - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.11, which is comparable to the RWJ Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of AVUV and RWJ, 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

	AVUV	RWJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.90	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.33	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.46	+0.10

Drawdowns

AVUV vs. RWJ - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for AVUV and RWJ.

Drawdown Indicators

	AVUV	RWJ	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-55.97%	+6.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-11.31%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-29.29%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-29.29%	+0.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.33%	—
Current Drawdown Current decline from peak	-0.44%	-0.33%	-0.11%
Average Drawdown Average peak-to-trough decline	-7.94%	-9.23%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.53%	-0.86%

Volatility

AVUV vs. RWJ - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.29%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 4.80%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	RWJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.80%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	12.38%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	19.43%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	23.72%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.29%	26.15%	+2.14%

AVUV vs. RWJ - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than RWJ's 0.39% expense ratio.

Dividends

AVUV vs. RWJ - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.28%, more than RWJ's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.28%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
RWJ Invesco S&P SmallCap 600 Revenue ETF	1.00%	1.11%	1.15%	1.34%	1.02%	0.61%	0.89%	1.22%	1.44%	1.11%	0.60%	0.74%

Frequently Asked Questions

Can I hold both AVUV and RWJ in my portfolio?

With a correlation of 0.93, AVUV and RWJ 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 RWJ?

RWJ has higher volatility (4.80%) compared to AVUV (4.29%). In terms of maximum drawdown, AVUV dropped -49.42% vs RWJ's -55.97%.

Which ETF is better, AVUV or RWJ?

On 5-year performance, AVUV leads with 10.85% vs 7.78% for RWJ. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or RWJ?

Over the 5-year period, AVUV has performed better with a 10.85% return vs 7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or RWJ?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.39% for RWJ.

Which ETF pays a higher dividend yield, AVUV or RWJ?

AVUV has the higher dividend yield at 1.28%, compared with 1.00% for RWJ.

What is the main difference between AVUV and RWJ?

They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.25% for AVUV and 0.39% for RWJ.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.11 vs 1.90), 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.