EVSAX vs. AVUS

Last updated Jun 4, 2026

EVSAX (Allspring Disciplined U.S. Core Fund) and AVUS (Avantis U.S. Equity ETF) are both funds - EVSAX is a Large Cap Blend Equities fund managed by Allspring Global Investments, while AVUS is a Large Cap Growth Equities fund actively managed by American Century. Over the past 5 years, EVSAX returned 15.23%/yr vs 13.04%/yr for AVUS. With a 0.95 correlation, they move nearly in lockstep. EVSAX charges 0.86%/yr vs 0.15%/yr for AVUS.

Performance

EVSAX vs. AVUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Disciplined U.S. Core Fund (EVSAX) and Avantis U.S. Equity ETF (AVUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVSAX achieves a 12.18% return, which is significantly lower than AVUS's 14.42% return.

EVSAX

• 1D: 0.28%
• 1M: 5.86%
• YTD: 12.18%
• 6M: 12.41%
• 1Y: 30.01%
• 3Y*: 24.42%
• 5Y*: 15.23%
• 10Y*: 15.51%

AVUS

• 1D: -0.46%
• 1M: 4.77%
• YTD: 14.42%
• 6M: 14.71%
• 1Y: 32.34%
• 3Y*: 22.35%
• 5Y*: 13.04%
• 10Y*: —

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

EVSAX vs. AVUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EVSAX Allspring Disciplined U.S. Core Fund	12.18%	18.65%	29.20%	25.97%	-18.21%	30.35%	15.95%	11.80%
AVUS Avantis U.S. Equity ETF	14.42%	16.68%	20.43%	21.77%	-13.82%	28.73%	17.58%	8.87%

Correlation

The correlation between EVSAX and AVUS 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	0.95
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 27, 2019	0.95

The correlation between EVSAX and AVUS has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

EVSAX vs. AVUS — Risk / Return Rank

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

EVSAX

EVSAX Risk / Return Rank: 75
EVSAX Sharpe Ratio Rank: 77
EVSAX Sortino Ratio Rank: 69
EVSAX Omega Ratio Rank: 65
EVSAX Calmar Ratio Rank: 79
EVSAX Martin Ratio Rank: 86

AVUS

AVUS Risk / Return Rank: 81
AVUS Sharpe Ratio Rank: 81
AVUS Sortino Ratio Rank: 80
AVUS Omega Ratio Rank: 79
AVUS Calmar Ratio Rank: 79
AVUS Martin Ratio Rank: 86

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.

EVSAX vs. AVUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Disciplined U.S. Core Fund (EVSAX) and Avantis U.S. Equity ETF (AVUS). 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.

	EVSAX	AVUS	Difference
Sharpe ratio Return per unit of total volatility	2.54	2.68	-0.14
Sortino ratio Return per unit of downside risk	3.46	3.66	-0.20
Omega ratio Gain probability vs. loss probability	1.45	1.48	-0.03
Calmar ratio Return relative to maximum drawdown	3.57	4.14	-0.57
Martin ratio Return relative to average drawdown	16.43	18.85	-2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVSAX vs. AVUS - Sharpe Ratio Comparison

The current EVSAX Sharpe Ratio is 2.54, which is comparable to the AVUS Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of EVSAX and AVUS, 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

	EVSAX	AVUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.68	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.76	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.80	-0.30

Drawdowns

EVSAX vs. AVUS - Drawdown Comparison

The maximum EVSAX drawdown since its inception was -53.73%, which is greater than AVUS's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for EVSAX and AVUS.

Drawdown Indicators

	EVSAX	AVUS	Difference
Max Drawdown Largest peak-to-trough decline	-53.73%	-37.04%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-7.85%	-0.80%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-19.74%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-22.19%	-5.53%
Max Drawdown (10Y) Largest decline over 10 years	-33.03%	—	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-9.74%	-5.09%	-4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.72%	+0.15%

Volatility

EVSAX vs. AVUS - Volatility Comparison

Allspring Disciplined U.S. Core Fund (EVSAX) and Avantis U.S. Equity ETF (AVUS) have volatilities of 2.94% and 2.98%, 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

	EVSAX	AVUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.98%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	9.00%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	12.15%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	17.29%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	20.85%	-2.46%

EVSAX vs. AVUS - Expense Ratio Comparison

EVSAX has a 0.86% expense ratio, which is higher than AVUS's 0.15% expense ratio.

Dividends

EVSAX vs. AVUS - Dividend Comparison

EVSAX's dividend yield for the trailing twelve months is around 4.94%, more than AVUS's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUS Avantis U.S. Equity ETF	0.91%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%	0.00%	0.00%
EVSAX Allspring Disciplined U.S. Core Fund	4.94%	5.54%	6.61%	9.22%	14.46%	8.22%	9.22%	6.68%	7.11%	4.31%	2.43%	11.99%

Frequently Asked Questions

Can I hold both EVSAX and AVUS in my portfolio?

With a correlation of 0.94, EVSAX and AVUS 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, EVSAX or AVUS?

AVUS has higher volatility (2.98%) compared to EVSAX (2.94%). In terms of maximum drawdown, EVSAX dropped -53.73% vs AVUS's -37.04%.

Which has better risk-adjusted returns?

AVUS currently has the higher Sharpe Ratio (2.68 vs 2.54), 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.