AVUVX vs. AVUV

Last updated Jun 3, 2026

AVUVX (Avantis U.S. Small Cap Value Fund) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. Over the past 5 years, AVUVX returned 10.91%/yr vs 10.93%/yr for AVUV. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

AVUVX vs. AVUV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVUVX having a 18.39% return and AVUV slightly higher at 19.12%.

AVUVX

• 1D: 0.10%
• 1M: 0.64%
• YTD: 18.39%
• 6M: 19.97%
• 1Y: 40.33%
• 3Y*: 19.60%
• 5Y*: 10.91%
• 10Y*: —

AVUV

• 1D: 0.92%
• 1M: 1.01%
• YTD: 19.12%
• 6M: 20.66%
• 1Y: 39.89%
• 3Y*: 19.63%
• 5Y*: 10.93%
• 10Y*: —

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

AVUVX vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUVX Avantis U.S. Small Cap Value Fund	18.39%	8.88%	8.83%	22.96%	-4.74%	40.31%	10.64%	4.95%
AVUV Avantis US Small Cap Value ETF	19.12%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	4.90%

Correlation

The correlation between AVUVX and AVUV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.99

The correlation between AVUVX and AVUV has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

AVUVX vs. AVUV — Risk / Return Rank

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

AVUVX

AVUVX Risk / Return Rank: 68
AVUVX Sharpe Ratio Rank: 60
AVUVX Sortino Ratio Rank: 60
AVUVX Omega Ratio Rank: 51
AVUVX Calmar Ratio Rank: 91
AVUVX Martin Ratio Rank: 77

AVUV

AVUV Risk / Return Rank: 73
AVUV Sharpe Ratio Rank: 69
AVUV Sortino Ratio Rank: 71
AVUV Omega Ratio Rank: 65
AVUV Calmar Ratio Rank: 87
AVUV Martin Ratio Rank: 76

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.

AVUVX vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Small Cap Value Fund (AVUVX) and Avantis US Small Cap Value ETF (AVUV). 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.

	AVUVX	AVUV	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.29	0.00
Sortino ratio Return per unit of downside risk	3.26	3.26	+0.01
Omega ratio Gain probability vs. loss probability	1.39	1.40	0.00
Calmar ratio Return relative to maximum drawdown	4.75	4.99	-0.24
Martin ratio Return relative to average drawdown	14.51	14.84	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVUVX vs. AVUV - Sharpe Ratio Comparison

The current AVUVX Sharpe Ratio is 2.29, which is comparable to the AVUV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of AVUVX and AVUV, 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

	AVUVX	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.29	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.48	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.56	+0.01

Drawdowns

AVUVX vs. AVUV - Drawdown Comparison

The maximum AVUVX drawdown since its inception was -50.24%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for AVUVX and AVUV.

Drawdown Indicators

	AVUVX	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-50.24%	-49.42%	-0.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-7.95%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-28.81%	-28.79%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-28.79%	-0.02%
Current Drawdown Current decline from peak	-0.77%	-0.15%	-0.62%
Average Drawdown Average peak-to-trough decline	-7.74%	-7.96%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.67%	+0.03%

Volatility

AVUVX vs. AVUV - Volatility Comparison

Avantis U.S. Small Cap Value Fund (AVUVX) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 4.22% and 4.14%, 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

	AVUVX	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.14%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	11.28%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	17.50%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.73%	22.73%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	28.30%	+0.51%

AVUVX vs. AVUV - Expense Ratio Comparison

Both AVUVX and AVUV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVUVX vs. AVUV - Dividend Comparison

AVUVX's dividend yield for the trailing twelve months is around 5.99%, more than AVUV's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.28%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
AVUVX Avantis U.S. Small Cap Value Fund	5.99%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%

Frequently Asked Questions

Can I hold both AVUVX and AVUV in my portfolio?

With a correlation of 0.99, AVUVX and AVUV 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, AVUVX or AVUV?

AVUVX has higher volatility (4.22%) compared to AVUV (4.14%). In terms of maximum drawdown, AVUVX dropped -50.24% vs AVUV's -49.42%.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.29 vs 2.29), 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.