CSB vs. AVSC

Last updated Jul 17, 2026

CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and AVSC (Avantis US Small Cap Equity ETF) are both Small Cap Blend Equities funds. CSB is passively managed, while AVSC is actively managed. Over the past 3 years, CSB returned 12.96%/yr vs 17.28%/yr for AVSC. Their correlation of 0.91 suggests significant overlap in exposure. CSB charges 0.35%/yr vs 0.25%/yr for AVSC.

Performance

CSB vs. AVSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Avantis US Small Cap Equity ETF (AVSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSB achieves a 17.53% return, which is significantly lower than AVSC's 25.77% return.

CSB

• 1D: 2.06%
• 1M: 5.76%
• 6M: 11.97%
• YTD: 17.53%
• 1Y: 24.43%
• 3Y*: 12.96%
• 5Y*: 6.74%
• 10Y*: 10.16%

AVSC

• 1D: 0.95%
• 1M: 4.22%
• 6M: 16.71%
• YTD: 25.77%
• 1Y: 40.31%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —

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

CSB vs. AVSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	17.53%	2.26%	9.64%	12.60%	-13.29%
AVSC Avantis US Small Cap Equity ETF	25.77%	9.42%	7.75%	19.68%	-12.40%

Correlation

The correlation between CSB and AVSC is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022	0.91

The correlation between CSB and AVSC has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

CSB vs. AVSC — Risk / Return Rank

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

CSB

CSB Risk / Return Rank: 71
CSB Sharpe Ratio Rank: 68
CSB Sortino Ratio Rank: 73
CSB Omega Ratio Rank: 65
CSB Calmar Ratio Rank: 81
CSB Martin Ratio Rank: 69

AVSC

AVSC Risk / Return Rank: 88
AVSC Sharpe Ratio Rank: 88
AVSC Sortino Ratio Rank: 88
AVSC Omega Ratio Rank: 83
AVSC Calmar Ratio Rank: 93
AVSC Martin Ratio Rank: 90

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.

CSB vs. AVSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and Avantis US Small Cap Equity ETF (AVSC). 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.

	CSB	AVSC	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.29	-0.54
Sortino ratio: Return per unit of downside risk	2.63	3.29	-0.66
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	3.42	5.13	-1.71
Martin ratio: Return relative to average drawdown	9.95	16.14	-6.19

CSB vs. AVSC - Sharpe Ratio Comparison

The current CSB Sharpe Ratio is 1.75, which is comparable to the AVSC Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of CSB and AVSC, 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

CSB vs. AVSC - Drawdown Comparison

The maximum CSB drawdown since its inception was -42.07%, which is greater than AVSC's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for CSB and AVSC.

Drawdown Indicators

	CSB	AVSC	Difference
Max Drawdown Largest peak-to-trough decline	-42.07%	-28.40%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-7.89%	+0.71%
Max Drawdown (3Y) Largest decline over 3 years	-21.82%	-28.40%	+6.58%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.07%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.07%	-7.26%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.50%	-0.04%

Volatility

CSB vs. AVSC - Volatility Comparison

VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) has a higher volatility of 3.87% compared to Avantis US Small Cap Equity ETF (AVSC) at 3.54%. This indicates that CSB's price experiences larger fluctuations and is considered to be riskier than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSB	AVSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.54%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	11.93%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	17.71%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	22.17%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.24%	22.17%	-0.93%

CSB vs. AVSC - Expense Ratio Comparison

CSB has a 0.35% expense ratio, which is higher than AVSC's 0.25% expense ratio.

Dividends

CSB vs. AVSC - Dividend Comparison

CSB's dividend yield for the trailing twelve months is around 3.06%, more than AVSC's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVSC Avantis US Small Cap Equity ETF	0.91%	1.16%	1.17%	1.42%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF	3.06%	3.54%	3.12%	3.45%	3.60%	3.11%	3.70%	3.19%	3.45%	3.19%	2.85%	1.57%

Frequently Asked Questions

Can I hold both CSB and AVSC in my portfolio?

CSB and AVSC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSB or AVSC?

CSB has higher volatility (3.87%) compared to AVSC (3.54%). In terms of maximum drawdown, CSB dropped -42.07% vs AVSC's -28.40%.

Which ETF is better, CSB or AVSC?

On 3-year performance, AVSC leads with 17.28% vs 12.96% for CSB. On fees, AVSC is cheaper at 0.25% per year. On volatility, AVSC has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSB or AVSC?

Over the 3-year period, AVSC has performed better with a 17.28% return vs 12.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSB or AVSC?

AVSC is cheaper with a 0.25% expense ratio, compared with 0.35% for CSB.

Which ETF pays a higher dividend yield, CSB or AVSC?

CSB has the higher dividend yield at 3.06%, compared with 0.91% for AVSC.

What is the main difference between CSB and AVSC?

They also come from different issuers: Crestview and Avantis Investors. Their fees differ too: 0.35% for CSB and 0.25% for AVSC.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.29 vs 1.75), 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.