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IWN vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWN vs. AVUV

Last updated Jun 23, 2026

IWN (iShares Russell 2000 Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. IWN is passively managed, while AVUV is actively managed. Over the past 5 years, IWN returned 7.50%/yr vs 11.94%/yr for AVUV. With a 0.97 correlation, they move nearly in lockstep. IWN charges 0.24%/yr vs 0.25%/yr for AVUV.

Performance

IWN vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 Value ETF (IWN) 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

The year-to-date returns for both stocks are quite close, with IWN having a 21.06% return and AVUV slightly lower at 20.76%.

IWN

1D
0.52%
1M
3.53%
YTD
21.06%
6M
18.12%
1Y
44.70%
3Y*
19.27%
5Y*
7.50%
10Y*
10.74%

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)

IWN vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IWN
iShares Russell 2000 Value ETF		21.06%12.40%7.63%14.56%-14.77%27.96%4.66%6.68%
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 IWN 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

0.97

The correlation between IWN and AVUV has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

IWN vs. AVUV - Sectors Allocation Comparison

Sectors
IWN
AVUV

Financial Services

23.9%
26.1%

Industrials

12.1%
13.6%

Technology

11.6%
7.4%

Real Estate

10.2%
0.7%

Healthcare

10.1%
4.8%

Consumer Cyclical

8.9%
18.7%

Energy

7.9%
15.8%

Basic Materials

5.4%
5.1%

Utilities

5.1%
0.1%

Communication Services

2.7%
3.1%

Consumer Defensive

2.1%
4.7%

Financial Services

IWN
23.9%
AVUV
26.1%

Industrials

IWN
12.1%
AVUV
13.6%

Technology

IWN
11.6%
AVUV
7.4%

Real Estate

IWN
10.2%
AVUV
0.7%

Healthcare

IWN
10.1%
AVUV
4.8%

Consumer Cyclical

IWN
8.9%
AVUV
18.7%

Energy

IWN
7.9%
AVUV
15.8%

Basic Materials

IWN
5.4%
AVUV
5.1%

Utilities

IWN
5.1%
AVUV
0.1%

Communication Services

IWN
2.7%
AVUV
3.1%

Consumer Defensive

IWN
2.1%
AVUV
4.7%

Compare stocks, funds, or ETFs

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

iShares Russell 2000 Value ETF

Avantis US Small Cap Value ETF

Often compared with IWN:
IWN vs. IWMIWN vs. IWOIWN vs. VTWOIWN vs. IJSIWN vs. IWSIWN vs. IWVIWN vs. IWX
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

IWN vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWN
IWN Risk / Return Rank: 8383
Overall Rank
IWN Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IWN Sortino Ratio Rank: 8181
Sortino Ratio Rank
IWN Omega Ratio Rank: 7474
Omega Ratio Rank
IWN Calmar Ratio Rank: 9090
Calmar Ratio Rank
IWN Martin Ratio Rank: 8787
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.

IWN vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) 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.

IWNAVUVDifference
Sharpe ratioReturn per unit of total volatility
2.49
2.26

+0.23

Sortino ratioReturn per unit of downside risk
3.45
3.21

+0.24

Omega ratioGain probability vs. loss probability

1.42

1.39

+0.03

Calmar ratioReturn relative to maximum drawdown

5.31

5.00

+0.31

Martin ratioReturn relative to average drawdown

17.88

14.84

+3.03

IWN vs. AVUV - Sharpe Ratio Comparison

The current IWN Sharpe Ratio is 2.49, which is comparable to the AVUV Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IWN 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

IWN vs. AVUV - Drawdown Comparison

The maximum IWN drawdown since its inception was -61.55%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for IWN and AVUV.

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Drawdown Indicators

IWNAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-61.55%

-49.42%

-12.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.45%

-7.95%

-0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-26.70%

-28.79%

+2.09%

Max Drawdown (5Y)

Largest decline over 5 years

-26.70%

-28.79%

+2.09%

Max Drawdown (10Y)

Largest decline over 10 years

-46.08%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.61%

+1.61%

Average Drawdown

Average peak-to-trough decline

-10.14%

-7.90%

-2.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.68%

-0.17%

Volatility

IWN vs. AVUV - Volatility Comparison

iShares Russell 2000 Value ETF (IWN) has a higher volatility of 5.29% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. This indicates that IWN'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

IWNAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

4.28%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.29%

11.39%

+0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

18.08%

17.67%

+0.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.41%

22.65%

-1.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.42%

28.23%

-4.81%

IWN vs. AVUV - Expense Ratio Comparison

IWN has a 0.24% 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

IWN vs. AVUV - Dividend Comparison

IWN's dividend yield for the trailing twelve months is around 1.46%, 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%
IWN
iShares Russell 2000 Value ETF		1.46%1.70%1.80%2.04%2.12%1.48%1.60%1.92%1.99%1.78%1.74%2.15%

Frequently Asked Questions

With a correlation of 0.94, IWN 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.

IWN has higher volatility (5.29%) compared to AVUV (4.28%). In terms of maximum drawdown, IWN dropped -61.55% vs AVUV's -49.42%.

On 5-year performance, AVUV leads with 11.94% vs 7.50% for IWN. On fees, IWN is cheaper at 0.24% 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 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWN is cheaper with a 0.24% expense ratio, compared with 0.25% for AVUV.

AVUV has the higher dividend yield at 1.63%, compared with 1.46% for IWN.

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.24% for IWN and 0.25% for AVUV.

IWN currently has the higher Sharpe Ratio (2.49 vs 2.26), 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.

Portfolio Optimizer

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