IWC vs. AVSC
IWC (iShares Micro-Cap ETF) and AVSC (Avantis US Small Cap Equity ETF) are both Small Cap Blend Equities funds. IWC is passively managed, while AVSC is actively managed. Over the past 3 years, IWC returned 20.94%/yr vs 17.28%/yr for AVSC. Their correlation of 0.92 suggests significant overlap in exposure. IWC charges 0.60%/yr vs 0.25%/yr for AVSC.
Performance
IWC vs. AVSC - Performance Comparison
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Returns By Period
In the year-to-date period, IWC achieves a 22.59% return, which is significantly lower than AVSC's 25.77% return.
IWC
- 1D
- -0.76%
- 1M
- 2.38%
- 6M
- 13.24%
- YTD
- 22.59%
- 1Y
- 47.18%
- 3Y*
- 20.94%
- 5Y*
- 7.55%
- 10Y*
- 11.28%
AVSC
- 1D
- 0.95%
- 1M
- 4.22%
- 6M
- 16.71%
- YTD
- 25.77%
- 1Y
- 40.31%
- 3Y*
- 17.28%
- 5Y*
- —
- 10Y*
- —
IWC vs. AVSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWC iShares Micro-Cap ETF | 22.59% | 22.45% | 13.63% | 8.99% | -19.52% |
AVSC Avantis US Small Cap Equity ETF | 25.77% | 9.42% | 7.75% | 19.68% | -12.40% |
Correlation
The correlation between IWC and AVSC is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.92 |
The correlation between IWC and AVSC has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
IWC vs. AVSC — Risk / Return Rank
IWC
AVSC
IWC vs. AVSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and Avantis US Small Cap Equity ETF (AVSC). 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.
| IWC | AVSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 5.13 | -1.32 |
| Martin ratioReturn relative to average drawdown | 12.32 | 16.14 | -3.82 |
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Drawdowns
IWC vs. AVSC - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than AVSC's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for IWC and AVSC.
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Drawdown Indicators
| IWC | AVSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -28.40% | -36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -7.89% | -4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -28.40% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | — | — |
Current DrawdownCurrent decline from peak | -3.89% | 0.00% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -7.26% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.50% | +1.34% |
Volatility
IWC vs. AVSC - Volatility Comparison
iShares Micro-Cap ETF (IWC) has a higher volatility of 4.79% compared to Avantis US Small Cap Equity ETF (AVSC) at 3.54%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWC | AVSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.54% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 11.93% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 17.71% | +6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 22.17% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 22.17% | +2.29% |
IWC vs. AVSC - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than AVSC's 0.25% expense ratio.
Dividends
IWC vs. AVSC - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 0.98%, more than AVSC's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 0.91% | 1.16% | 1.17% | 1.42% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Micro-Cap ETF | 0.98% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Frequently Asked Questions
IWC and AVSC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWC has higher volatility (4.79%) compared to AVSC (3.54%). In terms of maximum drawdown, IWC dropped -64.61% vs AVSC's -28.40%.
On 3-year performance, IWC leads with 20.94% vs 17.28% for AVSC. On fees, AVSC is cheaper at 0.25% per year. On volatility, AVSC has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IWC has performed better with a 20.94% return vs 17.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSC is cheaper with a 0.25% expense ratio, compared with 0.60% for IWC.
IWC has the higher dividend yield at 0.98%, compared with 0.91% for AVSC.
They also come from different issuers: iShares and Avantis Investors. Their fees differ too: 0.60% for IWC and 0.25% for AVSC.
AVSC currently has the higher Sharpe Ratio (2.29 vs 1.96), 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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