AVUVX vs. DHSIX

Last updated Aug 5, 2026

AVUVX (Avantis U.S. Small Cap Value Fund) and DHSIX (Diamond Hill Small Cap Fund Class I) are both Small Cap Value Equities funds. Both are actively managed. Over the past 5 years, AVUVX returned 14.10%/yr vs 14.25%/yr for DHSIX. Their correlation of 0.93 means they have usually moved in the same direction. AVUVX charges 0.25%/yr vs 0.97%/yr for DHSIX.

Performance

AVUVX vs. DHSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, AVUVX achieves a 25.42% return, which is significantly lower than DHSIX's 29.57% return.

AVUVX

• 1D: 1.45%
• 1M: 2.88%
• 6M: 14.53%
• YTD: 25.42%
• 1Y: 41.19%
• 3Y*: 17.43%
• 5Y*: 14.10%
• 10Y*: —
• ALL TIME*: 16.93%

DHSIX

• 1D: 1.39%
• 1M: 0.89%
• 6M: 18.72%
• YTD: 29.57%
• 1Y: 42.22%
• 3Y*: 21.09%
• 5Y*: 14.25%
• 10Y*: 10.94%
• ALL TIME*: 8.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVUVX Avantis U.S. Small Cap Value Fund	$0.00	$0.00	$0.00
DHSIX Diamond Hill Small Cap Fund Class I	$0.00	$0.00	$0.00

AVUVX vs. DHSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUVX Avantis U.S. Small Cap Value Fund	25.42%	8.88%	8.83%	22.96%	-4.74%	40.31%	10.64%	4.95%
DHSIX Diamond Hill Small Cap Fund Class I	29.57%	11.83%	13.10%	24.25%	-14.85%	32.69%	-0.27%	4.79%

Correlation

The correlation between AVUVX and DHSIX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.93

The correlation between AVUVX and DHSIX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

AVUVX vs. DHSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVUVX

AVUVX Risk / Return Rank: 94
AVUVX Sharpe Ratio Rank: 95
AVUVX Sortino Ratio Rank: 94
AVUVX Omega Ratio Rank: 89
AVUVX Calmar Ratio Rank: 97
AVUVX Martin Ratio Rank: 96

DHSIX

DHSIX Risk / Return Rank: 87
DHSIX Sharpe Ratio Rank: 88
DHSIX Sortino Ratio Rank: 88
DHSIX Omega Ratio Rank: 80
DHSIX Calmar Ratio Rank: 92
DHSIX Martin Ratio Rank: 89

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.

AVUVX vs. DHSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Small Cap Value Fund (AVUVX) and Diamond Hill Small Cap Fund Class I (DHSIX). 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.

	AVUVX	DHSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.27	+0.32
Sortino ratio: Return per unit of downside risk	3.70	3.29	+0.40
Omega ratio: Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	5.29	4.08	+1.21
Martin ratio: Return relative to average drawdown	17.00	13.36	+3.64

AVUVX vs. DHSIX - Sharpe Ratio Comparison

The current AVUVX Sharpe Ratio is 2.59, which is comparable to the DHSIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AVUVX and DHSIX, 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

AVUVX vs. DHSIX - Drawdown Comparison

The maximum AVUVX drawdown since its inception was -50.24%, roughly equal to the maximum DHSIX drawdown of -52.83%. Use the drawdown chart below to compare losses from any high point for AVUVX and DHSIX.

Drawdown Indicators

	AVUVX	DHSIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.24%	-52.83%	+2.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-10.97%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-28.81%	-28.33%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-28.33%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.96%	—
Current Drawdown Current decline from peak	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-7.56%	-8.32%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	3.35%	-0.79%

Volatility

AVUVX vs. DHSIX - Volatility Comparison

The current volatility for Avantis U.S. Small Cap Value Fund (AVUVX) is 3.07%, while Diamond Hill Small Cap Fund Class I (DHSIX) has a volatility of 5.80%. This indicates that AVUVX experiences smaller price fluctuations and is considered to be less risky than DHSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUVX	DHSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	5.80%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	14.12%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	19.81%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	21.49%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.50%	22.25%	+6.25%

AVUVX vs. DHSIX - Expense Ratio Comparison

AVUVX has a 0.25% expense ratio, which is lower than DHSIX's 0.97% expense ratio.

Dividends

AVUVX vs. DHSIX - Dividend Comparison

AVUVX's dividend yield for the trailing twelve months is around 5.66%, more than DHSIX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUVX Avantis U.S. Small Cap Value Fund	5.66%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%	0.00%	0.00%	0.00%	0.00%
DHSIX Diamond Hill Small Cap Fund Class I	4.43%	5.74%	15.81%	30.09%	18.06%	17.39%	0.61%	7.13%	10.46%	6.90%	2.68%	1.95%

Frequently Asked Questions

Can I hold both AVUVX and DHSIX in my portfolio?

AVUVX and DHSIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUVX or DHSIX?

DHSIX has higher volatility (5.80%) compared to AVUVX (3.07%). In terms of maximum drawdown, AVUVX dropped -50.24% vs DHSIX's -52.83%.

Which has better risk-adjusted returns?

AVUVX currently has the higher Sharpe Ratio (2.59 vs 2.27), 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.