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IJR vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. AVUV

Last updated Jun 23, 2026

IJR (iShares Core S&P Small-Cap ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. IJR is passively managed, while AVUV is actively managed. Over the past 5 years, IJR returned 6.65%/yr vs 11.94%/yr for AVUV. With a 0.96 correlation, they move nearly in lockstep. IJR charges 0.06%/yr vs 0.25%/yr for AVUV.

Performance

IJR vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) 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, IJR achieves a 19.75% return, which is significantly lower than AVUV's 20.76% return.

IJR

1D
0.03%
1M
4.58%
YTD
19.75%
6M
16.72%
1Y
36.74%
3Y*
16.28%
5Y*
6.65%
10Y*
11.34%

AVUV

1D
0.31%
1M
2.33%
YTD
20.76%
6M
18.15%
1Y
39.60%
3Y*
20.03%
5Y*
11.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IJR
iShares Core S&P Small-Cap ETF		19.75%5.89%8.63%16.06%-16.20%26.58%11.28%6.56%
AVUV
Avantis US Small Cap Value ETF		20.76%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%

Correlation

The correlation between IJR and AVUV 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

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

0.96

The correlation between IJR and AVUV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

IJR vs. AVUV - Sectors Allocation Comparison

Sectors
IJR
AVUV

Financial Services

16.0%
26.1%

Industrials

16.0%
13.6%

Technology

15.9%
7.4%

Consumer Cyclical

12.5%
18.7%

Healthcare

11.0%
4.8%

Real Estate

7.5%
0.7%

Energy

6.8%
15.8%

Basic Materials

4.7%
5.1%

Communication Services

3.2%
3.1%

Consumer Defensive

3.2%
4.7%

Utilities

1.9%
0.1%

Financial Services

IJR
16.0%
AVUV
26.1%

Industrials

IJR
16.0%
AVUV
13.6%

Technology

IJR
15.9%
AVUV
7.4%

Consumer Cyclical

IJR
12.5%
AVUV
18.7%

Healthcare

IJR
11.0%
AVUV
4.8%

Real Estate

IJR
7.5%
AVUV
0.7%

Energy

IJR
6.8%
AVUV
15.8%

Basic Materials

IJR
4.7%
AVUV
5.1%

Communication Services

IJR
3.2%
AVUV
3.1%

Consumer Defensive

IJR
3.2%
AVUV
4.7%

Utilities

IJR
1.9%
AVUV
0.1%

Compare stocks, funds, or ETFs

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

iShares Core S&P Small-Cap ETF

Avantis US Small Cap Value ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. IJHIJR vs. IJSIJR vs. SCHAIJR vs. VBRIJR vs. VIOO
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVXAVUV vs. AVUS

Return for Risk

IJR vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 7171
Overall Rank
IJR Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 6969
Sortino Ratio Rank
IJR Omega Ratio Rank: 6060
Omega Ratio Rank
IJR Calmar Ratio Rank: 8383
Calmar Ratio Rank
IJR Martin Ratio Rank: 7777
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 7676
Overall Rank
AVUV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 7575
Sortino Ratio Rank
AVUV Omega Ratio Rank: 6868
Omega Ratio Rank
AVUV Calmar Ratio Rank: 8888
Calmar Ratio Rank
AVUV Martin Ratio Rank: 7979
Martin Ratio Rank
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.

IJR vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) 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.

IJRAVUVDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.26

-0.17

Sortino ratioReturn per unit of downside risk
2.99
3.21

-0.22

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.03

Calmar ratioReturn relative to maximum drawdown

4.25

5.00

-0.75

Martin ratioReturn relative to average drawdown

14.27

14.84

-0.57

IJR vs. AVUV - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 2.08, which is comparable to the AVUV Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IJR 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

IJR vs. AVUV - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for IJR and AVUV.

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Drawdown Indicators

IJRAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-49.42%

-8.73%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-7.95%

-0.73%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-28.79%

+0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

-28.79%

+0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

—

—

Current Drawdown

Current decline from peak

-0.09%

-1.61%

+1.52%

Average Drawdown

Average peak-to-trough decline

-9.26%

-7.90%

-1.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

2.68%

-0.10%

Volatility

IJR vs. AVUV - Volatility Comparison

iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 4.92% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. This indicates that IJR'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

IJRAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

4.28%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

11.39%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

17.76%

17.67%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.40%

22.65%

-1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

28.23%

-5.30%

IJR vs. AVUV - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJR vs. AVUV - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.15%, less than AVUV's 1.63% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.63%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
IJR
iShares Core S&P Small-Cap ETF		1.15%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%

Frequently Asked Questions

With a correlation of 0.94, IJR and AVUV 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.

IJR has higher volatility (4.92%) compared to AVUV (4.28%). In terms of maximum drawdown, IJR dropped -58.15% vs AVUV's -49.42%.

On 5-year performance, AVUV leads with 11.94% vs 6.65% for IJR. On fees, IJR is cheaper at 0.06% per year. On volatility, AVUV has been the lower-risk option at 4.28%. 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 11.94% return vs 6.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.25% for AVUV.

AVUV has the higher dividend yield at 1.63%, compared with 1.15% for IJR.

IJR is categorized as Small Cap Blend Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.06% for IJR and 0.25% for AVUV.

AVUV currently has the higher Sharpe Ratio (2.26 vs 2.08), 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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