BTSIX vs. AVUV

Last updated Jun 24, 2026

BTSIX (BTS Managed Income Fund) and AVUV (Avantis US Small Cap Value ETF) are both funds - BTSIX is a Nontraditional Bonds fund managed by BTS, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, BTSIX returned 0.56%/yr vs 11.59%/yr for AVUV. A 0.54 correlation means they provide meaningful diversification when combined. BTSIX charges 1.50%/yr vs 0.25%/yr for AVUV.

Performance

BTSIX vs. AVUV - Performance Comparison

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

Returns By Period

In the year-to-date period, BTSIX achieves a 1.72% return, which is significantly lower than AVUV's 20.76% return.

BTSIX

• 1D: -0.10%
• 1M: 0.42%
• YTD: 1.72%
• 6M: 1.68%
• 1Y: 6.15%
• 3Y*: 5.29%
• 5Y*: 0.56%
• 10Y*: —

AVUV

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

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

BTSIX vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BTSIX BTS Managed Income Fund	1.72%	5.68%	4.37%	5.65%	-12.34%	-1.14%	8.63%	0.77%
AVUV Avantis US Small Cap Value ETF	20.76%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between BTSIX and AVUV is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.54

The correlation between BTSIX and AVUV shifts across timeframes, from 0.54 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BTSIX vs. AVUV — Risk / Return Rank

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

BTSIX

BTSIX Risk / Return Rank: 48
BTSIX Sharpe Ratio Rank: 45
BTSIX Sortino Ratio Rank: 50
BTSIX Omega Ratio Rank: 47
BTSIX Calmar Ratio Rank: 48
BTSIX Martin Ratio Rank: 50

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

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.

BTSIX vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BTS Managed Income Fund (BTSIX) 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.

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.

	BTSIX	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.19	-0.36
Sortino ratio: Return per unit of downside risk	2.74	3.13	-0.39
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.53	4.85	-2.32
Martin ratio: Return relative to average drawdown	9.92	14.37	-4.45

BTSIX vs. AVUV - Sharpe Ratio Comparison

The current BTSIX Sharpe Ratio is 1.83, which is comparable to the AVUV Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of BTSIX 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.

Drawdowns

BTSIX vs. AVUV - Drawdown Comparison

The maximum BTSIX drawdown since its inception was -16.28%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for BTSIX and AVUV.

Drawdown Indicators

	BTSIX	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-16.28%	-49.42%	+33.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-7.95%	+5.38%
Max Drawdown (3Y) Largest decline over 3 years	-6.22%	-28.79%	+22.57%
Max Drawdown (5Y) Largest decline over 5 years	-16.28%	-28.79%	+12.51%
Current Drawdown Current decline from peak	-0.31%	-1.61%	+1.30%
Average Drawdown Average peak-to-trough decline	-4.61%	-7.89%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	2.68%	-2.02%

Volatility

BTSIX vs. AVUV - Volatility Comparison

The current volatility for BTS Managed Income Fund (BTSIX) is 1.05%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.28%. This indicates that BTSIX experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTSIX	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	4.28%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	11.39%	-8.72%
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	17.63%	-14.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.25%	22.65%	-17.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.24%	28.22%	-22.98%

BTSIX vs. AVUV - Expense Ratio Comparison

BTSIX has a 1.50% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

BTSIX vs. AVUV - Dividend Comparison

BTSIX's dividend yield for the trailing twelve months is around 5.58%, more than AVUV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.63%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
BTSIX BTS Managed Income Fund	5.58%	5.62%	2.59%	2.51%	2.59%	1.37%	1.34%	2.01%

Frequently Asked Questions

Can I hold both BTSIX and AVUV in my portfolio?

BTSIX and AVUV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTSIX or AVUV?

AVUV has higher volatility (4.28%) compared to BTSIX (1.05%). In terms of maximum drawdown, BTSIX dropped -16.28% vs AVUV's -49.42%.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.19 vs 1.83), 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.