KSPI vs. AVUV
KSPI (Joint Stock Company Kaspi.kz) is a stock, while AVUV (Avantis US Small Cap Value ETF) is Small Cap Value Equities fund actively managed by Avantis. Over the past year, KSPI returned 16.30% vs 32.56% for AVUV. At a 0.34 correlation, their price movements are largely independent.
Performance
KSPI vs. AVUV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with KSPI having a 21.28% return and AVUV slightly higher at 22.32%.
KSPI
- 1D
- -1.12%
- 1M
- 10.07%
- 6M
- 18.28%
- YTD
- 21.28%
- 1Y
- 16.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVUV
- 1D
- 0.02%
- 1M
- -0.33%
- 6M
- 16.74%
- YTD
- 22.32%
- 1Y
- 32.56%
- 3Y*
- 17.89%
- 5Y*
- 12.95%
- 10Y*
- —
KSPI vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSPI Joint Stock Company Kaspi.kz | 21.28% | -17.51% | 12.61% |
AVUV Avantis US Small Cap Value ETF | 22.32% | 7.44% | 14.34% |
Correlation
The correlation between KSPI and AVUV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.34 |
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Return for Risk
KSPI vs. AVUV — Risk / Return Rank
KSPI
AVUV
KSPI vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joint Stock Company Kaspi.kz (KSPI) 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.
| KSPI | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.33 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 4.11 | -3.56 |
| Martin ratioReturn relative to average drawdown | 0.92 | 12.22 | -11.29 |
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Drawdowns
KSPI vs. AVUV - Drawdown Comparison
The maximum KSPI drawdown since its inception was -48.05%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for KSPI and AVUV.
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Drawdown Indicators
| KSPI | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -49.42% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.55% | -7.95% | -21.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.79% | — |
Current DrawdownCurrent decline from peak | -28.49% | -0.78% | -27.71% |
Average DrawdownAverage peak-to-trough decline | -25.97% | -7.84% | -18.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 2.67% | +15.00% |
Volatility
KSPI vs. AVUV - Volatility Comparison
Joint Stock Company Kaspi.kz (KSPI) has a higher volatility of 8.75% compared to Avantis US Small Cap Value ETF (AVUV) at 3.57%. This indicates that KSPI'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
| KSPI | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 3.57% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 26.87% | 11.06% | +15.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.12% | 17.32% | +19.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.60% | 22.54% | +16.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.60% | 28.12% | +10.48% |
Dividends
KSPI vs. AVUV - Dividend Comparison
KSPI's dividend yield for the trailing twelve months is around 5.98%, more than AVUV's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.26% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
KSPI Joint Stock Company Kaspi.kz | 5.98% | 0.00% | 11.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KSPI and AVUV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSPI has higher volatility (8.75%) compared to AVUV (3.57%). In terms of maximum drawdown, KSPI dropped -48.05% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (1.89 vs 0.44), 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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