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IAT vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. AVUV

Last updated Aug 4, 2026
Documentation

IAT (iShares U.S. Regional Banks ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - IAT is a Financials Equities fund tracking the Dow Jones U.S. Select Regional Banks Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. IAT is passively managed, while AVUV is actively managed. Over the past 5 years, IAT returned 6.16%/yr vs 13.90%/yr for AVUV. Their correlation of 0.84 means they have usually moved in the same direction. IAT charges 0.42%/yr vs 0.25%/yr for AVUV.

Performance

IAT vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IAT achieves a 17.93% return, which is significantly lower than AVUV's 25.35% return.

IAT

1D
1.19%
1M
2.49%
6M
9.97%
YTD
17.93%
1Y
34.96%
3Y*
22.54%
5Y*
6.16%
10Y*
9.38%
ALL TIME*
3.84%

AVUV

1D
1.40%
1M
2.86%
6M
15.44%
YTD
25.35%
1Y
42.62%
3Y*
17.00%
5Y*
13.90%
10Y*
—
ALL TIME*
16.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AVUV

Avantis US Small Cap Value ETF
$147.82M$147.76M$156.17M

IAT

iShares U.S. Regional Banks ETF
$7.95M$9.88M$9.64M

IAT vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IAT
iShares U.S. Regional Banks ETF		17.93%13.05%24.36%-8.53%-20.61%38.89%-7.60%9.80%
AVUV
Avantis US Small Cap Value ETF		25.35%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%

Correlation

The correlation between IAT and AVUV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.79

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.84

The correlation between IAT and AVUV shifts across timeframes, from 0.74 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

IAT vs. AVUV - Sectors Allocation Comparison

Sectors
IAT
AVUV

Financial Services

100.0%
27.8%

Basic Materials

-

4.8%

Communication Services

-

2.9%

Consumer Cyclical

-

18.5%

Consumer Defensive

-

4.9%

Energy

-

13.9%

Healthcare

-

5.3%

Industrials

-

13.5%

Real Estate

-

0.7%

Technology

-

7.4%

Utilities

-

0.2%

Financial Services

IAT
100.0%
AVUV
27.8%

Basic Materials

IAT

-

AVUV
4.8%

Communication Services

IAT

-

AVUV
2.9%

Consumer Cyclical

IAT

-

AVUV
18.5%

Consumer Defensive

IAT

-

AVUV
4.9%

Energy

IAT

-

AVUV
13.9%

Healthcare

IAT

-

AVUV
5.3%

Industrials

IAT

-

AVUV
13.5%

Real Estate

IAT

-

AVUV
0.7%

Technology

IAT

-

AVUV
7.4%

Utilities

IAT

-

AVUV
0.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Regional Banks ETF

Avantis US Small Cap Value ETF

Often compared with IAT:
IAT vs. KREIAT vs. KCEIAT vs. MTBIAT vs. PKWIAT vs. XLFIAT vs. JPMIAT vs. SPY
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

IAT vs. AVUV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IAT
IAT Risk / Return Rank: 5959
Overall Rank
IAT Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 6262
Sortino Ratio Rank
IAT Omega Ratio Rank: 6565
Omega Ratio Rank
IAT Calmar Ratio Rank: 5454
Calmar Ratio Rank
IAT Martin Ratio Rank: 4545
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 9393
Overall Rank
AVUV Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 9494
Sortino Ratio Rank
AVUV Omega Ratio Rank: 9292
Omega Ratio Rank
AVUV Calmar Ratio Rank: 9595
Calmar Ratio Rank
AVUV Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAT vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

IATAVUVDifference
Sharpe ratioReturn per unit of total volatility
1.61
2.56

-0.95

Sortino ratioReturn per unit of downside risk
2.17
3.67

-1.50

Omega ratioGain probability vs. loss probability

1.29

1.45

-0.16

Calmar ratioReturn relative to maximum drawdown

2.01

5.39

-3.38

Martin ratioReturn relative to average drawdown

5.18

17.01

-11.83

IAT vs. AVUV - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.61, which is lower than the AVUV Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of IAT 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.

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Drawdowns

IAT vs. AVUV - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for IAT and AVUV.

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Drawdown Indicators

IATAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-77.22%

-49.42%

-27.80%

Max Drawdown (1Y)

Largest decline over 1 year

-17.49%

-7.95%

-9.54%

Max Drawdown (3Y)

Largest decline over 3 years

-29.29%

-28.79%

-0.50%

Max Drawdown (5Y)

Largest decline over 5 years

-55.55%

-28.79%

-26.76%

Max Drawdown (10Y)

Largest decline over 10 years

-55.55%

—

—

Current Drawdown

Current decline from peak

-1.37%

0.00%

-1.37%

Average Drawdown

Average peak-to-trough decline

-26.77%

-7.78%

-18.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.77%

2.51%

+4.26%

Volatility

IAT vs. AVUV - Volatility Comparison

iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 5.50% compared to Avantis US Small Cap Value ETF (AVUV) at 3.08%. This indicates that IAT'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

IATAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.50%

3.08%

+2.42%

Volatility (6M)

Calculated over the trailing 6-month period

16.05%

10.58%

+5.47%

Volatility (1Y)

Calculated over the trailing 1-year period

21.84%

16.77%

+5.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.76%

22.41%

+6.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.68%

28.02%

+2.66%

IAT vs. AVUV - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

IAT vs. AVUV - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.51%, more than AVUV's 1.23% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.23%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
IAT
iShares U.S. Regional Banks ETF		2.51%2.94%2.95%3.56%3.12%1.88%2.87%2.49%2.48%1.55%1.52%1.78%

Frequently Asked Questions

IAT and AVUV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAT has higher volatility (5.50%) compared to AVUV (3.08%). In terms of maximum drawdown, IAT dropped -77.22% vs AVUV's -49.42%.

On 5-year performance, AVUV leads with 13.90% vs 6.16% for IAT. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVUV has performed better with a 13.90% return vs 6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVUV is cheaper with a 0.25% expense ratio, compared with 0.42% for IAT.

IAT has the higher dividend yield at 2.51%, compared with 1.23% for AVUV.

IAT is categorized as Financials Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.42% for IAT and 0.25% for AVUV.

AVUV currently has the higher Sharpe Ratio (2.56 vs 1.61), 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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