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 -4.83%/yr vs 10.98%/yr for AVUV. At a correlation of -0.95, they often move in opposite directions. SBB charges 0.95%/yr vs 0.25%/yr for AVUV.
Performance
SBB vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -13.39% return, which is significantly lower than AVUV's 19.40% return.
SBB
- 1D
- -1.22%
- 1M
- -1.20%
- YTD
- -13.39%
- 6M
- -12.19%
- 1Y
- -22.27%
- 3Y*
- -10.56%
- 5Y*
- -4.83%
- 10Y*
- -11.72%
AVUV
- 1D
- 1.22%
- 1M
- 1.07%
- YTD
- 19.40%
- 6M
- 18.69%
- 1Y
- 39.30%
- 3Y*
- 20.42%
- 5Y*
- 10.98%
- 10Y*
- —
SBB vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -13.39% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -6.99% |
AVUV Avantis US Small Cap Value ETF | 19.40% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.50% |
Correlation
The correlation between SBB and AVUV is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | -0.95 |
The correlation between SBB and AVUV has been stable across timeframes, ranging from -0.95 to -0.93 - a consistent structural relationship.
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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.
| SBB | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.94 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.39 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.97 | -5.95 |
| Martin ratioReturn relative to average drawdown | -1.69 | 14.75 | -16.44 |
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 | AVUV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | 2.26 | -3.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.49 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.57 | -1.07 |
Drawdowns
SBB vs. AVUV - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, 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.
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Drawdown Indicators
| SBB | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -49.42% | -46.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -7.95% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -28.79% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -28.79% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -72.83% | — | — |
Current DrawdownCurrent decline from peak | -95.75% | 0.00% | -95.75% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -7.95% | -66.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 2.67% | +10.52% |
Volatility
SBB vs. AVUV - Volatility Comparison
ProShares Short SmallCap600 (SBB) has a higher volatility of 4.55% compared to Avantis US Small Cap Value ETF (AVUV) at 4.04%. 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.
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Volatility by Period
| SBB | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.04% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 11.39% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 17.52% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 22.74% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 28.29% | -5.03% |
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 3.63%, more than AVUV's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.28% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% |
SBB ProShares Short SmallCap600 | 3.63% | 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 -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBB has higher volatility (4.55%) compared to AVUV (4.04%). In terms of maximum drawdown, SBB dropped -95.75% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 10.98% vs -4.83% for SBB. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.04%. 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 10.98% return vs -4.83%. 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 3.63%, compared with 1.28% 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 (2.26 vs -1.25), 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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