RZV vs. AVUV

Last updated Jun 24, 2026

RZV (Invesco S&P SmallCap 600® Pure Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. RZV is passively managed, while AVUV is actively managed. Over the past 5 years, RZV returned 9.58%/yr vs 11.59%/yr for AVUV. Their correlation of 0.95 suggests significant overlap in exposure. RZV charges 0.35%/yr vs 0.25%/yr for AVUV.

Performance

RZV vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RZV having a 21.03% return and AVUV slightly lower at 20.76%.

RZV

• 1D: -0.09%
• 1M: 5.47%
• YTD: 21.03%
• 6M: 20.88%
• 1Y: 41.43%
• 3Y*: 18.77%
• 5Y*: 9.58%
• 10Y*: 11.15%

AVUV

• 1D: 0.00%
• 1M: 2.33%
• YTD: 20.76%
• 6M: 18.72%
• 1Y: 38.38%
• 3Y*: 20.03%
• 5Y*: 11.59%
• 10Y*: —

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

RZV vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RZV Invesco S&P SmallCap 600® Pure Value ETF	21.03%	8.65%	5.06%	22.97%	-6.80%	45.95%	-3.88%	8.46%
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 RZV and AVUV is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.95

The correlation between RZV and AVUV has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

RZV vs. AVUV - Sectors Allocation Comparison

Sectors	RZV	AVUV
Consumer Cyclical	25.9%	18.7%
Industrials	15.9%	13.6%
Technology	10.5%	7.4%
Energy	8.8%	15.8%
Healthcare	8.4%	4.8%
Consumer Defensive	7.6%	4.7%
Financial Services	7.4%	26.1%
Basic Materials	6.2%	5.1%
Real Estate	4.8%	0.7%
Communication Services	4.0%	3.1%
Utilities	0.4%	0.1%

Return for Risk

RZV vs. AVUV — Risk / Return Rank

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

RZV

RZV Risk / Return Rank: 64
RZV Sharpe Ratio Rank: 65
RZV Sortino Ratio Rank: 66
RZV Omega Ratio Rank: 57
RZV Calmar Ratio Rank: 70
RZV Martin Ratio Rank: 63

AVUV

AVUV Risk / Return Rank: 75
AVUV Sharpe Ratio Rank: 70
AVUV Sortino Ratio Rank: 73
AVUV Omega Ratio Rank: 65
AVUV Calmar Ratio Rank: 87
AVUV Martin Ratio Rank: 77

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.

RZV vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.

	RZV	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.19	-0.18
Sortino ratio: Return per unit of downside risk	2.86	3.13	-0.27
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio: Return relative to maximum drawdown	3.31	4.85	-1.54
Martin ratio: Return relative to average drawdown	10.76	14.37	-3.61

RZV vs. AVUV - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 2.01, which is comparable to the AVUV Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of RZV 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

RZV vs. AVUV - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for RZV and AVUV.

Drawdown Indicators

	RZV	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-49.42%	-27.69%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-7.95%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-28.79%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-28.79%	-1.02%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	—	—
Current Drawdown Current decline from peak	-2.07%	-1.61%	-0.46%
Average Drawdown Average peak-to-trough decline	-13.57%	-7.89%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	2.68%	+1.18%

Volatility

RZV vs. AVUV - Volatility Comparison

Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.25% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. This indicates that RZV'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.

Volatility by Period

	RZV	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	4.28%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	11.39%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	17.63%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.32%	22.65%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.99%	28.22%	-1.23%

RZV vs. AVUV - Expense Ratio Comparison

RZV has a 0.35% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

RZV vs. AVUV - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.45%, less than AVUV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.45%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%

Frequently Asked Questions

Can I hold both RZV and AVUV in my portfolio?

With a correlation of 0.90, RZV 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, RZV or AVUV?

RZV has higher volatility (5.25%) compared to AVUV (4.28%). In terms of maximum drawdown, RZV dropped -77.11% vs AVUV's -49.42%.

Which ETF is better, RZV or AVUV?

On 5-year performance, AVUV leads with 11.59% vs 9.58% for RZV. On fees, AVUV is cheaper at 0.25% 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.

Which ETF has performed better, RZV or AVUV?

Over the 5-year period, AVUV has performed better with a 11.59% return vs 9.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RZV or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.35% for RZV.

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

AVUV has the higher dividend yield at 1.63%, compared with 1.45% for RZV.

What is the main difference between RZV and AVUV?

They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.35% for RZV and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.19 vs 2.01), 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.