SBB vs. AVUV
SBB (ProShares Short SmallCap600) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while AVUV is a Small Cap Value Equities fund actively managed by Avantis. SBB is passively managed, while AVUV is actively managed. Over the past 5 years, SBB returned -6.51%/yr vs 13.84%/yr for AVUV. Their -0.95 correlation means they have often moved in opposite directions in the past. SBB charges 0.95%/yr vs 0.25%/yr for AVUV.
Performance
SBB vs. AVUV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SBB achieves a -18.99% return, which is significantly lower than AVUV's 27.03% return.
SBB
- 1D
- -1.63%
- 1M
- -2.40%
- 6M
- -13.87%
- YTD
- -18.99%
- 1Y
- -25.10%
- 3Y*
- -10.24%
- 5Y*
- -6.51%
- 10Y*
- -11.90%
- ALL TIME*
- -12.49%
AVUV
- 1D
- 1.34%
- 1M
- 4.23%
- 6M
- 15.85%
- YTD
- 27.03%
- 1Y
- 42.28%
- 3Y*
- 17.52%
- 5Y*
- 13.84%
- 10Y*
- —
- ALL TIME*
- 16.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $145.94M | $148.37M | $155.86M | |
| $22.82K | $20.79K | $47.74K |
SBB vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -18.99% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -6.02% |
AVUV Avantis US Small Cap Value ETF | 27.03% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between SBB and AVUV is -0.92, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.92 |
Correlation (3Y) Balances recent behavior with more history. | -0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.95 |
The correlation between SBB and AVUV has been stable across timeframes, ranging from -0.95 to -0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SBB vs. AVUV — Risk / Return Rank
SBB
AVUV
SBB vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) 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.
| SBB | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.97 | ||
| Sortino ratioReturn per unit of downside risk | -5.62 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.45 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 5.34 | -6.36 |
| Martin ratioReturn relative to average drawdown | -1.85 | 16.87 | -18.72 |
Loading charts...
Drawdowns
SBB vs. AVUV - Drawdown Comparison
The maximum SBB drawdown since its inception was -96.03%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for SBB and AVUV.
Loading charts...
Drawdown Indicators
| SBB | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -49.42% | -46.61% |
Max Drawdown (1Y)Largest decline over 1 year | -24.84% | -7.95% | -16.89% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | -28.79% | -10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -28.79% | -10.57% |
Max Drawdown (10Y)Largest decline over 10 years | -73.51% | — | — |
Current DrawdownCurrent decline from peak | -96.03% | 0.00% | -96.03% |
Average DrawdownAverage peak-to-trough decline | -74.70% | -7.77% | -66.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.87% | 2.51% | +11.36% |
Volatility
SBB vs. AVUV - Volatility Comparison
ProShares Short SmallCap600 (SBB) has a higher volatility of 4.17% compared to Avantis US Small Cap Value ETF (AVUV) at 3.30%. This indicates that SBB'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.
Loading charts...
Volatility by Period
| SBB | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.30% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 10.58% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 16.78% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 22.39% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 28.01% | -4.76% |
SBB vs. AVUV - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
SBB vs. AVUV - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.84%, more than AVUV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.21% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% |
SBB ProShares Short SmallCap600 | 3.84% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
Frequently Asked Questions
SBB and AVUV have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBB has higher volatility (4.17%) compared to AVUV (3.30%). In terms of maximum drawdown, SBB dropped -96.03% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 13.84% vs -6.51% for SBB. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 3.30%. 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 13.84% return vs -6.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.95% for SBB.
SBB has the higher dividend yield at 3.84%, compared with 1.21% for AVUV.
SBB is categorized as Inverse Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: ProShares and Avantis. Their fees differ too: 0.95% for SBB and 0.25% for AVUV.
AVUV currently has the higher Sharpe Ratio (2.54 vs -1.43), 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.
Find the right allocation for SBB and AVUV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer