ISCV vs. AVUV

Last updated Jul 14, 2026

ISCV (iShares Morningstar Small Cap Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. ISCV is passively managed, while AVUV is actively managed. Over the past 5 years, ISCV returned 9.02%/yr vs 12.95%/yr for AVUV. With a 0.97 correlation, they move nearly in lockstep. ISCV charges 0.06%/yr vs 0.25%/yr for AVUV.

Performance

ISCV vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small Cap Value ETF (ISCV) 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, ISCV achieves a 15.28% return, which is significantly lower than AVUV's 22.32% return.

ISCV

• 1D: -0.02%
• 1M: 1.80%
• 6M: 10.42%
• YTD: 15.28%
• 1Y: 24.92%
• 3Y*: 14.68%
• 5Y*: 9.02%
• 10Y*: 8.81%

AVUV

• 1D: 0.02%
• 1M: -0.33%
• 6M: 16.74%
• YTD: 22.32%
• 1Y: 32.56%
• 3Y*: 17.89%
• 5Y*: 12.95%
• 10Y*: —

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

ISCV vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ISCV iShares Morningstar Small Cap Value ETF	15.28%	10.38%	9.31%	16.55%	-10.58%	29.15%	0.86%	7.38%
AVUV Avantis US Small Cap Value ETF	22.32%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between ISCV and AVUV is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.97

The correlation between ISCV and AVUV has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

ISCV vs. AVUV - Sectors Allocation Comparison

Sectors	ISCV	AVUV
Financial Services	22.5%	26.1%
Consumer Cyclical	14.9%	18.7%
Industrials	11.6%	13.6%
Real Estate	11.1%	0.7%
Healthcare	10.4%	4.8%
Technology	8.5%	7.4%
Energy	5.4%	15.8%
Consumer Defensive	4.6%	4.7%
Basic Materials	4.1%	5.1%
Utilities	4.0%	0.1%
Communication Services	2.2%	3.1%

Return for Risk

ISCV vs. AVUV — Risk / Return Rank

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

ISCV

ISCV Risk / Return Rank: 63
ISCV Sharpe Ratio Rank: 59
ISCV Sortino Ratio Rank: 64
ISCV Omega Ratio Rank: 56
ISCV Calmar Ratio Rank: 68
ISCV Martin Ratio Rank: 66

AVUV

AVUV Risk / Return Rank: 78
AVUV Sharpe Ratio Rank: 75
AVUV Sortino Ratio Rank: 78
AVUV Omega Ratio Rank: 71
AVUV Calmar Ratio Rank: 88
AVUV Martin Ratio Rank: 80

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.

ISCV vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) 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.

	ISCV	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.89	-0.32
Sortino ratio: Return per unit of downside risk	2.36	2.75	-0.40
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.71	4.11	-1.41
Martin ratio: Return relative to average drawdown	9.48	12.22	-2.74

ISCV vs. AVUV - Sharpe Ratio Comparison

The current ISCV Sharpe Ratio is 1.57, which is comparable to the AVUV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ISCV 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.

Drawdowns

ISCV vs. AVUV - Drawdown Comparison

The maximum ISCV drawdown since its inception was -63.14%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for ISCV and AVUV.

Drawdown Indicators

	ISCV	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-63.14%	-49.42%	-13.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-7.95%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-25.35%	-28.79%	+3.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.35%	-28.79%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-51.56%	—	—
Current Drawdown Current decline from peak	-0.60%	-0.78%	+0.18%
Average Drawdown Average peak-to-trough decline	-9.10%	-7.84%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.67%	-0.03%

Volatility

ISCV vs. AVUV - Volatility Comparison

iShares Morningstar Small Cap Value ETF (ISCV) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 3.60% and 3.57%, 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

	ISCV	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.57%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	11.06%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	17.32%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	22.54%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	28.12%	-4.92%

ISCV vs. AVUV - Expense Ratio Comparison

ISCV 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

ISCV vs. AVUV - Dividend Comparison

ISCV's dividend yield for the trailing twelve months is around 1.85%, more than AVUV's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.26%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
ISCV iShares Morningstar Small Cap Value ETF	1.85%	2.04%	2.01%	2.21%	2.12%	1.95%	2.01%	2.36%	2.48%	1.74%	2.49%	2.60%

Frequently Asked Questions

Can I hold both ISCV and AVUV in my portfolio?

With a correlation of 0.93, ISCV 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.

Which is riskier, ISCV or AVUV?

ISCV has higher volatility (3.60%) compared to AVUV (3.57%). In terms of maximum drawdown, ISCV dropped -63.14% vs AVUV's -49.42%.

Which ETF is better, ISCV or AVUV?

On 5-year performance, AVUV leads with 12.95% vs 9.02% for ISCV. On fees, ISCV is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISCV or AVUV?

Over the 5-year period, AVUV has performed better with a 12.95% return vs 9.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISCV or AVUV?

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

Which ETF pays a higher dividend yield, ISCV or AVUV?

ISCV has the higher dividend yield at 1.85%, compared with 1.26% for AVUV.

What is the main difference between ISCV and AVUV?

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.06% for ISCV and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (1.89 vs 1.57), 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.