FTHNX vs. AVUV

Last updated Jun 4, 2026

FTHNX (Fuller & Thaler Behavioral Small-Cap Equity Fund) and AVUV (Avantis US Small Cap Value ETF) are both funds - FTHNX is a Small Cap Blend Equities fund managed by Fuller & Thaler Asset Mgmt, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, FTHNX returned 11.23%/yr vs 10.71%/yr for AVUV. Their correlation of 0.93 suggests significant overlap in exposure. FTHNX charges 1.03%/yr vs 0.25%/yr for AVUV.

Performance

FTHNX vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) 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, FTHNX achieves a 10.52% return, which is significantly lower than AVUV's 17.96% return.

FTHNX

• 1D: 0.48%
• 1M: 1.59%
• YTD: 10.52%
• 6M: 10.98%
• 1Y: 26.68%
• 3Y*: 19.37%
• 5Y*: 11.23%
• 10Y*: 13.84%

AVUV

• 1D: -0.97%
• 1M: 1.21%
• YTD: 17.96%
• 6M: 17.23%
• 1Y: 36.48%
• 3Y*: 19.24%
• 5Y*: 10.71%
• 10Y*: —

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

FTHNX vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	10.52%	11.69%	15.81%	22.18%	-7.73%	30.44%	10.05%	8.63%
AVUV Avantis US Small Cap Value ETF	17.96%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%

Correlation

The correlation between FTHNX and AVUV is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.93

The correlation between FTHNX and AVUV has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FTHNX vs. AVUV — Risk / Return Rank

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

FTHNX

FTHNX Risk / Return Rank: 47
FTHNX Sharpe Ratio Rank: 41
FTHNX Sortino Ratio Rank: 43
FTHNX Omega Ratio Rank: 37
FTHNX Calmar Ratio Rank: 61
FTHNX Martin Ratio Rank: 52

AVUV

AVUV Risk / Return Rank: 67
AVUV Sharpe Ratio Rank: 61
AVUV Sortino Ratio Rank: 63
AVUV Omega Ratio Rank: 58
AVUV Calmar Ratio Rank: 84
AVUV Martin Ratio Rank: 72

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.

FTHNX vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) 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.

	FTHNX	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.10	-0.24
Sortino ratio: Return per unit of downside risk	2.75	3.02	-0.26
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	3.00	4.61	-1.61
Martin ratio: Return relative to average drawdown	10.68	13.69	-3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHNX vs. AVUV - Sharpe Ratio Comparison

The current FTHNX Sharpe Ratio is 1.86, which is comparable to the AVUV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FTHNX 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

	FTHNX	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.10	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.47	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.56	+0.10

Drawdowns

FTHNX vs. AVUV - Drawdown Comparison

The maximum FTHNX drawdown since its inception was -37.78%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for FTHNX and AVUV.

Drawdown Indicators

	FTHNX	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-37.78%	-49.42%	+11.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-7.95%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-24.63%	-28.79%	+4.16%
Max Drawdown (5Y) Largest decline over 5 years	-24.63%	-28.79%	+4.16%
Max Drawdown (10Y) Largest decline over 10 years	-37.78%	—	—
Current Drawdown Current decline from peak	-0.51%	-1.12%	+0.61%
Average Drawdown Average peak-to-trough decline	-5.70%	-7.95%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.67%	-0.02%

Volatility

FTHNX vs. AVUV - Volatility Comparison

Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 4.23% and 4.08%, 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

	FTHNX	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.08%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	11.34%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	17.54%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	22.74%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	28.30%	-8.18%

FTHNX vs. AVUV - Expense Ratio Comparison

FTHNX has a 1.03% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

FTHNX vs. AVUV - Dividend Comparison

FTHNX's dividend yield for the trailing twelve months is around 0.26%, less than AVUV's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.29%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	0.26%	0.28%	7.84%	1.60%	0.95%	3.55%	0.11%	0.11%	0.21%	0.09%	0.00%	15.47%

Frequently Asked Questions

Can I hold both FTHNX and AVUV in my portfolio?

FTHNX and AVUV have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHNX or AVUV?

FTHNX has higher volatility (4.23%) compared to AVUV (4.08%). In terms of maximum drawdown, FTHNX dropped -37.78% vs AVUV's -49.42%.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.10 vs 1.86), 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.