SBB vs. AVSC
SBB (ProShares Short SmallCap600) and AVSC (Avantis US Small Cap Equity ETF) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 3 years, SBB returned -9.56%/yr vs 18.37%/yr for AVSC. At a correlation of -0.97, they often move in opposite directions. SBB charges 0.95%/yr vs 0.25%/yr for AVSC.
Performance
SBB vs. AVSC - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -12.32% return, which is significantly lower than AVSC's 18.57% return.
SBB
- 1D
- 0.78%
- 1M
- -1.47%
- YTD
- -12.32%
- 6M
- -11.10%
- 1Y
- -21.13%
- 3Y*
- -9.56%
- 5Y*
- -4.60%
- 10Y*
- -11.70%
AVSC
- 1D
- 1.47%
- 1M
- 1.49%
- YTD
- 18.57%
- 6M
- 17.84%
- 1Y
- 41.11%
- 3Y*
- 18.37%
- 5Y*
- —
- 10Y*
- —
SBB vs. AVSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -12.32% | -3.56% | -3.73% | -10.44% | 12.26% |
AVSC Avantis US Small Cap Equity ETF | 18.57% | 9.42% | 7.75% | 19.68% | -11.72% |
Correlation
The correlation between SBB and AVSC is -0.96, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2022 | -0.97 |
The correlation between SBB and AVSC has been stable across timeframes, ranging from -0.97 to -0.96 - a consistent structural relationship.
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Return for Risk
SBB vs. AVSC — Risk / Return Rank
SBB
AVSC
SBB vs. AVSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) 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.
| SBB | AVSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.39 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 5.23 | -6.17 |
| Martin ratioReturn relative to average drawdown | -1.61 | 16.26 | -17.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBB | AVSC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.19 | 2.28 | -3.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.42 | -0.92 |
Drawdowns
SBB vs. AVSC - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, which is greater than AVSC's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for SBB and AVSC.
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Drawdown Indicators
| SBB | AVSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -28.40% | -67.35% |
Max Drawdown (1Y)Largest decline over 1 year | -22.62% | -7.89% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.13% | -28.40% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.82% | — | — |
Current DrawdownCurrent decline from peak | -95.70% | 0.00% | -95.70% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -7.36% | -67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.11% | 2.54% | +10.57% |
Volatility
SBB vs. AVSC - Volatility Comparison
ProShares Short SmallCap600 (SBB) and Avantis US Small Cap Equity ETF (AVSC) have volatilities of 4.63% and 4.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBB | AVSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.50% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 11.78% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.85% | 18.09% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 22.34% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 22.34% | +0.92% |
SBB vs. AVSC - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than AVSC's 0.25% expense ratio.
Dividends
SBB vs. AVSC - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.58%, more than AVSC's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SBB ProShares Short SmallCap600 | 3.58% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
Frequently Asked Questions
SBB and AVSC have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBB has higher volatility (4.63%) compared to AVSC (4.50%). In terms of maximum drawdown, SBB dropped -95.75% vs AVSC's -28.40%.
On 3-year performance, AVSC leads with 18.37% vs -9.56% for SBB. On fees, AVSC is cheaper at 0.25% per year. On volatility, AVSC has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVSC has performed better with a 18.37% return vs -9.56%. 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 0.95% for SBB.
SBB has the higher dividend yield at 3.58%, compared with 0.91% for AVSC.
SBB is categorized as Inverse Equities, while AVSC is Small Cap Value Equities. SBB tracks S&P SmallCap 600 Index (-100%), while AVSC tracks Russell 2000 Index. They also come from different issuers: ProShares and Avantis. Their fees differ too: 0.95% for SBB and 0.25% for AVSC.
AVSC currently has the higher Sharpe Ratio (2.28 vs -1.19), 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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