SFLO vs. AFSC

Last updated Jun 26, 2026

SFLO (Victoryshares Small Cap Free Cash Flow ETF) and AFSC (abrdn Focused U.S. Small Cap Active ETF) are both Small Cap Blend Equities funds. SFLO is passively managed, while AFSC is actively managed. Over the past year, SFLO returned 28.80% vs 38.56% for AFSC. A 0.70 correlation means they provide meaningful diversification when combined. SFLO charges 0.49%/yr vs 0.65%/yr for AFSC.

Performance

SFLO vs. AFSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Small Cap Free Cash Flow ETF (SFLO) and abrdn Focused U.S. Small Cap Active ETF (AFSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFLO achieves a 12.38% return, which is significantly lower than AFSC's 27.72% return.

SFLO

• 1D: -1.38%
• 1M: -0.10%
• YTD: 12.38%
• 6M: 11.11%
• 1Y: 28.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFSC

• 1D: 1.68%
• 1M: 7.72%
• YTD: 27.72%
• 6M: 22.47%
• 1Y: 38.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFLO vs. AFSC - Yearly Performance Comparison

	2026 (YTD)	2025
SFLO Victoryshares Small Cap Free Cash Flow ETF	12.38%	8.95%
AFSC abrdn Focused U.S. Small Cap Active ETF	27.72%	2.33%

Correlation

The correlation between SFLO and AFSC is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.70

The correlation between SFLO and AFSC has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

SFLO vs. AFSC — Risk / Return Rank

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

SFLO

SFLO Risk / Return Rank: 64
SFLO Sharpe Ratio Rank: 56
SFLO Sortino Ratio Rank: 58
SFLO Omega Ratio Rank: 51
SFLO Calmar Ratio Rank: 80
SFLO Martin Ratio Rank: 73

AFSC

AFSC Risk / Return Rank: 74
AFSC Sharpe Ratio Rank: 72
AFSC Sortino Ratio Rank: 71
AFSC Omega Ratio Rank: 62
AFSC Calmar Ratio Rank: 81
AFSC Martin Ratio Rank: 81

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.

SFLO vs. AFSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Small Cap Free Cash Flow ETF (SFLO) and abrdn Focused U.S. Small Cap Active ETF (AFSC). 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.

	SFLO	AFSC	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.04	-0.38
Sortino ratio: Return per unit of downside risk	2.42	2.84	-0.42
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	3.71	3.77	-0.06
Martin ratio: Return relative to average drawdown	11.85	14.31	-2.45

SFLO vs. AFSC - Sharpe Ratio Comparison

The current SFLO Sharpe Ratio is 1.66, which is comparable to the AFSC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of SFLO and AFSC, 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

SFLO vs. AFSC - Drawdown Comparison

The maximum SFLO drawdown since its inception was -26.63%, which is greater than AFSC's maximum drawdown of -21.93%. Use the drawdown chart below to compare losses from any high point for SFLO and AFSC.

Drawdown Indicators

	SFLO	AFSC	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	-21.93%	-4.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-10.29%	+2.49%
Current Drawdown Current decline from peak	-3.72%	0.00%	-3.72%
Average Drawdown Average peak-to-trough decline	-4.29%	-4.09%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.70%	-0.26%

Volatility

SFLO vs. AFSC - Volatility Comparison

Victoryshares Small Cap Free Cash Flow ETF (SFLO) and abrdn Focused U.S. Small Cap Active ETF (AFSC) have volatilities of 5.31% and 5.47%, 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.

Volatility by Period

	SFLO	AFSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	5.47%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	14.65%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	19.02%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	22.50%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	22.50%	-2.05%

SFLO vs. AFSC - Expense Ratio Comparison

SFLO has a 0.49% expense ratio, which is lower than AFSC's 0.65% expense ratio.

Dividends

SFLO vs. AFSC - Dividend Comparison

SFLO's dividend yield for the trailing twelve months is around 0.82%, more than AFSC's 0.06% yield.

Position	TTM	2025	2024
AFSC abrdn Focused U.S. Small Cap Active ETF	0.06%	0.08%	0.00%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.82%	1.04%	1.28%

Frequently Asked Questions

Can I hold both SFLO and AFSC in my portfolio?

SFLO and AFSC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFLO or AFSC?

AFSC has higher volatility (5.47%) compared to SFLO (5.31%). In terms of maximum drawdown, SFLO dropped -26.63% vs AFSC's -21.93%.

Which ETF is better, SFLO or AFSC?

On 1-year performance, AFSC leads with 38.56% vs 28.80% for SFLO. On fees, SFLO is cheaper at 0.49% per year. On volatility, SFLO has been the lower-risk option at 5.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLO or AFSC?

Over the 1-year period, AFSC has performed better with a 38.56% return vs 28.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLO or AFSC?

SFLO is cheaper with a 0.49% expense ratio, compared with 0.65% for AFSC.

Which ETF pays a higher dividend yield, SFLO or AFSC?

SFLO has the higher dividend yield at 0.82%, compared with 0.06% for AFSC.

What is the main difference between SFLO and AFSC?

They also come from different issuers: Victory and Aberdeen. Their fees differ too: 0.49% for SFLO and 0.65% for AFSC.

Which has better risk-adjusted returns?

AFSC currently has the higher Sharpe Ratio (2.04 vs 1.66), 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.