GBDC vs. AVUV
GBDC (Golub Capital BDC, Inc.) is a stock, while AVUV (Avantis US Small Cap Value ETF) is Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, GBDC returned 6.81%/yr vs 11.57%/yr for AVUV. At a 0.46 correlation, their price movements are largely independent.
Performance
GBDC vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, GBDC achieves a 0.68% return, which is significantly lower than AVUV's 22.73% return.
GBDC
- 1D
- -0.30%
- 1M
- 1.53%
- YTD
- 0.68%
- 6M
- -0.71%
- 1Y
- -2.64%
- 3Y*
- 10.34%
- 5Y*
- 6.81%
- 10Y*
- 6.73%
AVUV
- 1D
- 0.96%
- 1M
- 5.96%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 40.08%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
GBDC vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 0.68% | -0.50% | 13.57% | 27.69% | -6.99% | 17.78% | -14.73% | 0.30% |
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between GBDC and AVUV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.46 |
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Return for Risk
GBDC vs. AVUV — Risk / Return Rank
GBDC
AVUV
GBDC vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) 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.
| GBDC | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.39 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 5.06 | -5.21 |
| Martin ratioReturn relative to average drawdown | -0.31 | 15.09 | -15.40 |
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Drawdowns
GBDC vs. AVUV - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.30%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for GBDC and AVUV.
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Drawdown Indicators
| GBDC | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -49.42% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -7.95% | -10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | -28.79% | +10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -28.79% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -47.30% | — | — |
Current DrawdownCurrent decline from peak | -6.79% | 0.00% | -6.79% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -7.91% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 2.67% | +5.89% |
Volatility
GBDC vs. AVUV - Volatility Comparison
Golub Capital BDC, Inc. (GBDC) has a higher volatility of 5.60% compared to Avantis US Small Cap Value ETF (AVUV) at 4.53%. This indicates that GBDC's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBDC | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 4.53% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 11.34% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.15% | 17.63% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 22.75% | -5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 28.26% | -6.70% |
Dividends
GBDC vs. AVUV - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 11.29%, more than AVUV's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
GBDC Golub Capital BDC, Inc. | 11.29% | 11.50% | 12.73% | 10.00% | 9.35% | 7.58% | 8.44% | 7.70% | 8.49% | 7.47% | 8.32% | 7.70% |
Frequently Asked Questions
GBDC and AVUV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBDC has higher volatility (5.60%) compared to AVUV (4.53%). In terms of maximum drawdown, GBDC dropped -47.30% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.28 vs -0.14), 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.
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