SAWS vs. TIIV

Last updated Aug 4, 2026

SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) and TIIV (AAM Todd International Intrinsic Value ETF) are both exchange-traded funds - SAWS is a Quality Factor fund actively managed by AAM, while TIIV is a Actively Managed fund actively managed by AAM. Both are actively managed. Over the past year, SAWS returned 28.85% vs 32.01% for TIIV. Their 0.61 correlation means they have sometimes moved together and sometimes differently. SAWS charges 0.55%/yr vs 0.54%/yr for TIIV.

Performance

SAWS vs. TIIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and AAM Todd International Intrinsic Value ETF (TIIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAWS achieves a 17.29% return, which is significantly higher than TIIV's 15.09% return.

SAWS

• 1D: 1.29%
• 1M: -1.48%
• 6M: 10.77%
• YTD: 17.29%
• 1Y: 28.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.43%

TIIV

• 1D: 0.50%
• 1M: 4.26%
• 6M: 7.14%
• YTD: 15.09%
• 1Y: 32.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	$35.00K	$47.58K	$37.56K
TIIV AAM Todd International Intrinsic Value ETF	$21.50K	$15.30K	$75.27K

SAWS vs. TIIV - Yearly Performance Comparison

	2026 (YTD)	2025
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	17.29%	9.17%
TIIV AAM Todd International Intrinsic Value ETF	15.09%	10.83%

Correlation

The correlation between SAWS and TIIV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.61

The correlation between SAWS and TIIV has been stable across timeframes, ranging from 0.61 to 0.61 - a consistent structural relationship.

Return for Risk

SAWS vs. TIIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SAWS

SAWS Risk / Return Rank: 62
SAWS Sharpe Ratio Rank: 58
SAWS Sortino Ratio Rank: 62
SAWS Omega Ratio Rank: 52
SAWS Calmar Ratio Rank: 74
SAWS Martin Ratio Rank: 63

TIIV

TIIV Risk / Return Rank: 84
TIIV Sharpe Ratio Rank: 86
TIIV Sortino Ratio Rank: 87
TIIV Omega Ratio Rank: 86
TIIV Calmar Ratio Rank: 82
TIIV Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SAWS vs. TIIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and AAM Todd International Intrinsic Value ETF (TIIV). 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.

	SAWS	TIIV	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.23	-0.71
Sortino ratio: Return per unit of downside risk	2.30	3.21	-0.91
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.15
Calmar ratio: Return relative to maximum drawdown	2.83	3.32	-0.49
Martin ratio: Return relative to average drawdown	8.42	11.59	-3.17

SAWS vs. TIIV - Sharpe Ratio Comparison

The current SAWS Sharpe Ratio is 1.52, which is lower than the TIIV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of SAWS and TIIV, 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

SAWS vs. TIIV - Drawdown Comparison

The maximum SAWS drawdown since its inception was -22.04%, which is greater than TIIV's maximum drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for SAWS and TIIV.

Drawdown Indicators

	SAWS	TIIV	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-9.68%	-12.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-9.68%	-0.55%
Current Drawdown Current decline from peak	-4.94%	0.00%	-4.94%
Average Drawdown Average peak-to-trough decline	-5.39%	-1.77%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.77%	+0.67%

Volatility

SAWS vs. TIIV - Volatility Comparison

AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) has a higher volatility of 5.17% compared to AAM Todd International Intrinsic Value ETF (TIIV) at 3.77%. This indicates that SAWS's price experiences larger fluctuations and is considered to be riskier than TIIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAWS	TIIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	3.77%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	12.06%	+2.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	14.46%	+4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	14.50%	+6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.90%	14.50%	+6.40%

SAWS vs. TIIV - Expense Ratio Comparison

SAWS has a 0.55% expense ratio, which is higher than TIIV's 0.54% expense ratio.

Dividends

SAWS vs. TIIV - Dividend Comparison

SAWS's dividend yield for the trailing twelve months is around 0.02%, less than TIIV's 3.09% yield.

Position	TTM	2025	2024
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	0.02%	0.02%	0.03%
TIIV AAM Todd International Intrinsic Value ETF	3.09%	2.33%	0.00%

Frequently Asked Questions

Can I hold both SAWS and TIIV in my portfolio?

SAWS and TIIV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAWS or TIIV?

SAWS has higher volatility (5.17%) compared to TIIV (3.77%). In terms of maximum drawdown, SAWS dropped -22.04% vs TIIV's -9.68%.

Which ETF is better, SAWS or TIIV?

On 1-year performance, TIIV leads with 32.01% vs 28.85% for SAWS. On fees, TIIV is cheaper at 0.54% per year. On volatility, TIIV has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAWS or TIIV?

Over the 1-year period, TIIV has performed better with a 32.01% return vs 28.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAWS or TIIV?

TIIV is cheaper with a 0.54% expense ratio, compared with 0.55% for SAWS.

Which ETF pays a higher dividend yield, SAWS or TIIV?

TIIV has the higher dividend yield at 3.09%, compared with 0.02% for SAWS.

What is the main difference between SAWS and TIIV?

SAWS is categorized as Quality Factor, while TIIV is Actively Managed. Their fees differ too: 0.55% for SAWS and 0.54% for TIIV.

Which has better risk-adjusted returns?

TIIV currently has the higher Sharpe Ratio (2.23 vs 1.52), 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.