AVUV vs. USVM

Last updated Jun 24, 2026

AVUV (Avantis US Small Cap Value ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. AVUV is actively managed, while USVM is passively managed. Over the past 5 years, AVUV returned 11.59%/yr vs 10.06%/yr for USVM. Their correlation of 0.93 suggests significant overlap in exposure. AVUV charges 0.25%/yr vs 0.29%/yr for USVM.

Performance

AVUV vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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 USVM's 18.75% return.

AVUV

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

USVM

• 1D: 0.05%
• 1M: 4.06%
• YTD: 18.75%
• 6M: 16.97%
• 1Y: 32.76%
• 3Y*: 20.77%
• 5Y*: 10.06%
• 10Y*: —

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

AVUV vs. USVM - 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%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	18.75%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	7.40%

Correlation

The correlation between AVUV and USVM 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.93

The correlation between AVUV and USVM has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

AVUV vs. USVM - Sectors Allocation Comparison

Sectors	AVUV	USVM
Financial Services	26.1%	21.6%
Consumer Cyclical	18.7%	11.3%
Energy	15.8%	4.0%
Industrials	13.6%	12.4%
Technology	7.4%	12.5%
Basic Materials	5.1%	1.6%
Healthcare	4.8%	11.3%
Consumer Defensive	4.7%	4.8%
Communication Services	3.1%	2.5%
Real Estate	0.7%	12.1%
Utilities	0.1%	5.9%

Return for Risk

AVUV vs. USVM — 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

USVM

USVM Risk / Return Rank: 75
USVM Sharpe Ratio Rank: 73
USVM Sortino Ratio Rank: 76
USVM Omega Ratio Rank: 68
USVM Calmar Ratio Rank: 80
USVM Martin Ratio Rank: 80

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. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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	USVM	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.20	-0.01
Sortino ratio: Return per unit of downside risk	3.13	3.18	-0.05
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	4.85	3.94	+0.91
Martin ratio: Return relative to average drawdown	14.37	14.82	-0.45

AVUV vs. USVM - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.19, which is comparable to the USVM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of AVUV and USVM, 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. USVM - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than USVM's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for AVUV and USVM.

Drawdown Indicators

	AVUV	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-42.38%	-7.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-8.36%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-24.34%	-4.45%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-25.27%	-3.52%
Current Drawdown Current decline from peak	-1.61%	-0.24%	-1.37%
Average Drawdown Average peak-to-trough decline	-7.89%	-7.85%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.22%	+0.46%

Volatility

AVUV vs. USVM - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM) have volatilities of 4.28% and 4.10%, 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	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.10%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	11.04%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	14.96%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	19.64%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.22%	21.97%	+6.25%

AVUV vs. USVM - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than USVM's 0.29% expense ratio.

Dividends

AVUV vs. USVM - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.63%, less than USVM's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.77%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%

Frequently Asked Questions

Can I hold both AVUV and USVM in my portfolio?

With a correlation of 0.94, AVUV and USVM 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 USVM?

AVUV has higher volatility (4.28%) compared to USVM (4.10%). In terms of maximum drawdown, AVUV dropped -49.42% vs USVM's -42.38%.

Which ETF is better, AVUV or USVM?

On 5-year performance, AVUV leads with 11.59% vs 10.06% for USVM. On fees, AVUV is cheaper at 0.25% per year. On volatility, USVM has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or USVM?

Over the 5-year period, AVUV has performed better with a 11.59% return vs 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or USVM?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.29% for USVM.

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

USVM has the higher dividend yield at 1.77%, compared with 1.63% for AVUV.

What is the main difference between AVUV and USVM?

AVUV is categorized as Small Cap Value Equities, while USVM is Momentum. They also come from different issuers: Avantis and Victory Capital. Their fees differ too: 0.25% for AVUV and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.20 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.