SFLO vs. AVSC

Last updated Jul 17, 2026

SFLO (Victoryshares Small Cap Free Cash Flow ETF) and AVSC (Avantis US Small Cap Equity ETF) are both Small Cap Blend Equities funds. SFLO is passively managed, while AVSC is actively managed. Over the past year, SFLO returned 38.68% vs 40.31% for AVSC. Their correlation of 0.85 suggests significant overlap in exposure. SFLO charges 0.49%/yr vs 0.25%/yr for AVSC.

Performance

SFLO vs. AVSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Small Cap Free Cash Flow ETF (SFLO) and Avantis US Small Cap Equity ETF (AVSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SFLO having a 25.32% return and AVSC slightly higher at 25.77%.

SFLO

• 1D: 1.05%
• 1M: 9.73%
• 6M: 22.06%
• YTD: 25.32%
• 1Y: 38.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVSC

• 1D: 0.95%
• 1M: 4.22%
• 6M: 16.71%
• YTD: 25.77%
• 1Y: 40.31%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —

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

SFLO vs. AVSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SFLO Victoryshares Small Cap Free Cash Flow ETF	25.32%	11.88%	6.54%	0.27%
AVSC Avantis US Small Cap Equity ETF	25.77%	9.42%	7.75%	2.12%

Correlation

The correlation between SFLO and AVSC is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.85

The correlation between SFLO and AVSC has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

Return for Risk

SFLO vs. AVSC — Risk / Return Rank

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

SFLO

SFLO Risk / Return Rank: 87
SFLO Sharpe Ratio Rank: 86
SFLO Sortino Ratio Rank: 87
SFLO Omega Ratio Rank: 81
SFLO Calmar Ratio Rank: 93
SFLO Martin Ratio Rank: 90

AVSC

AVSC Risk / Return Rank: 88
AVSC Sharpe Ratio Rank: 88
AVSC Sortino Ratio Rank: 88
AVSC Omega Ratio Rank: 83
AVSC Calmar Ratio Rank: 93
AVSC Martin Ratio Rank: 90

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. AVSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Small Cap Free Cash Flow ETF (SFLO) 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.

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	AVSC	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.29	-0.06
Sortino ratio: Return per unit of downside risk	3.17	3.29	-0.12
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	4.98	5.13	-0.15
Martin ratio: Return relative to average drawdown	16.19	16.14	+0.05

SFLO vs. AVSC - Sharpe Ratio Comparison

The current SFLO Sharpe Ratio is 2.22, which is comparable to the AVSC Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SFLO and AVSC, 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. AVSC - Drawdown Comparison

The maximum SFLO drawdown since its inception was -26.63%, smaller than the maximum AVSC drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for SFLO and AVSC.

Drawdown Indicators

	SFLO	AVSC	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	-28.40%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-7.89%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.40%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.20%	-7.26%	+3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.50%	-0.11%

Volatility

SFLO vs. AVSC - Volatility Comparison

Victoryshares Small Cap Free Cash Flow ETF (SFLO) has a higher volatility of 5.39% compared to Avantis US Small Cap Equity ETF (AVSC) at 3.54%. This indicates that SFLO's price experiences larger fluctuations and is considered to be riskier than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLO	AVSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	3.54%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	11.93%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	17.71%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.44%	22.17%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	22.17%	-1.73%

SFLO vs. AVSC - Expense Ratio Comparison

SFLO has a 0.49% expense ratio, which is higher than AVSC's 0.25% expense ratio.

Dividends

SFLO vs. AVSC - Dividend Comparison

SFLO's dividend yield for the trailing twelve months is around 0.74%, less than AVSC's 0.91% yield.

Position	TTM	2025	2024	2023	2022
AVSC Avantis US Small Cap Equity ETF	0.91%	1.16%	1.17%	1.42%	1.10%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.74%	1.04%	1.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFLO and AVSC in my portfolio?

SFLO and AVSC have a correlation of 0.76, 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 AVSC?

SFLO has higher volatility (5.39%) compared to AVSC (3.54%). In terms of maximum drawdown, SFLO dropped -26.63% vs AVSC's -28.40%.

Which ETF is better, SFLO or AVSC?

On 1-year performance, AVSC leads with 40.31% vs 38.68% for SFLO. On fees, AVSC is cheaper at 0.25% per year. On volatility, AVSC has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLO or AVSC?

Over the 1-year period, AVSC has performed better with a 40.31% return vs 38.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLO or AVSC?

AVSC is cheaper with a 0.25% expense ratio, compared with 0.49% for SFLO.

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

AVSC has the higher dividend yield at 0.91%, compared with 0.74% for SFLO.

What is the main difference between SFLO and AVSC?

They also come from different issuers: Victory and Avantis Investors. Their fees differ too: 0.49% for SFLO and 0.25% for AVSC.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.29 vs 2.22), 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.