AVUV vs. SLYV

Last updated Jun 24, 2026

AVUV (Avantis US Small Cap Value ETF) and SLYV (SPDR S&P 600 Small Cap Value ETF) are both Small Cap Value Equities funds. AVUV is actively managed, while SLYV is passively managed. Over the past 5 years, AVUV returned 11.59%/yr vs 6.20%/yr for SLYV. With a 0.97 correlation, they move nearly in lockstep. AVUV charges 0.25%/yr vs 0.15%/yr for SLYV.

Performance

AVUV vs. SLYV - Performance Comparison

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

Returns By Period

In the year-to-date period, AVUV achieves a 20.76% return, which is significantly higher than SLYV's 17.46% return.

AVUV

• 1D: 0.00%
• 1M: 2.33%
• YTD: 20.76%
• 6M: 18.72%
• 1Y: 38.38%
• 3Y*: 20.03%
• 5Y*: 11.59%
• 10Y*: —

SLYV

• 1D: -0.21%
• 1M: 2.91%
• YTD: 17.46%
• 6M: 15.89%
• 1Y: 37.37%
• 3Y*: 15.39%
• 5Y*: 6.20%
• 10Y*: 10.61%

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

AVUV vs. SLYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	20.76%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
SLYV SPDR S&P 600 Small Cap Value ETF	17.46%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	6.19%

Correlation

The correlation between AVUV and SLYV is 0.94, 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	0.94
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 26, 2019	0.97

The correlation between AVUV and SLYV has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

AVUV vs. SLYV - Sectors Allocation Comparison

Sectors	AVUV	SLYV
Financial Services	26.1%	19.5%
Consumer Cyclical	18.7%	15.4%
Energy	15.8%	7.0%
Industrials	13.6%	11.6%
Technology	7.4%	13.4%
Basic Materials	5.1%	6.9%
Healthcare	4.8%	7.3%
Consumer Defensive	4.7%	3.8%
Communication Services	3.1%	4.4%
Real Estate	0.7%	8.6%
Utilities	0.1%	2.1%

Return for Risk

AVUV vs. SLYV — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 75
AVUV Sharpe Ratio Rank: 70
AVUV Sortino Ratio Rank: 73
AVUV Omega Ratio Rank: 65
AVUV Calmar Ratio Rank: 87
AVUV Martin Ratio Rank: 77

SLYV

SLYV Risk / Return Rank: 70
SLYV Sharpe Ratio Rank: 66
SLYV Sortino Ratio Rank: 68
SLYV Omega Ratio Rank: 60
SLYV Calmar Ratio Rank: 80
SLYV Martin Ratio Rank: 74

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. SLYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and SPDR S&P 600 Small Cap Value ETF (SLYV). 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	SLYV	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.06	+0.13
Sortino ratio: Return per unit of downside risk	3.13	2.97	+0.16
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	4.85	4.01	+0.84
Martin ratio: Return relative to average drawdown	14.37	13.30	+1.08

AVUV vs. SLYV - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.19, which is comparable to the SLYV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of AVUV and SLYV, 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. SLYV - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, smaller than the maximum SLYV drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for AVUV and SLYV.

Drawdown Indicators

	AVUV	SLYV	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-61.15%	+11.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-9.36%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-28.68%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-28.68%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.73%	—
Current Drawdown Current decline from peak	-1.61%	-1.68%	+0.07%
Average Drawdown Average peak-to-trough decline	-7.89%	-8.93%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.82%	-0.14%

Volatility

AVUV vs. SLYV - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.28%, while SPDR S&P 600 Small Cap Value ETF (SLYV) has a volatility of 4.76%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	SLYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.76%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	11.74%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	18.28%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	21.91%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.22%	23.94%	+4.28%

AVUV vs. SLYV - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is higher than SLYV's 0.15% 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. SLYV - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.63%, less than SLYV's 1.87% 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%
SLYV SPDR S&P 600 Small Cap Value ETF	1.87%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both AVUV and SLYV in my portfolio?

With a correlation of 0.94, AVUV and SLYV 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 SLYV?

SLYV has higher volatility (4.76%) compared to AVUV (4.28%). In terms of maximum drawdown, AVUV dropped -49.42% vs SLYV's -61.15%.

Which ETF is better, AVUV or SLYV?

On 5-year performance, AVUV leads with 11.59% vs 6.20% for SLYV. On fees, SLYV is cheaper at 0.15% per year. On volatility, AVUV has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or SLYV?

Over the 5-year period, AVUV has performed better with a 11.59% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or SLYV?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.25% for AVUV.

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

SLYV has the higher dividend yield at 1.87%, compared with 1.63% for AVUV.

What is the main difference between AVUV and SLYV?

They also come from different issuers: Avantis and State Street. Their fees differ too: 0.25% for AVUV and 0.15% for SLYV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.19 vs 2.06), 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.