SLYV vs. AVUV

Last updated Jun 23, 2026

SLYV (SPDR S&P 600 Small Cap Value ETF) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. SLYV is passively managed, while AVUV is actively managed. Over the past 5 years, SLYV returned 6.55%/yr vs 11.94%/yr for AVUV. With a 0.97 correlation, they move nearly in lockstep. SLYV charges 0.15%/yr vs 0.25%/yr for AVUV.

Performance

SLYV vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Value ETF (SLYV) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLYV achieves a 17.70% return, which is significantly lower than AVUV's 20.76% return.

SLYV

• 1D: -0.20%
• 1M: 3.12%
• YTD: 17.70%
• 6M: 15.50%
• 1Y: 39.46%
• 3Y*: 15.47%
• 5Y*: 6.55%
• 10Y*: 10.63%

AVUV

• 1D: 0.31%
• 1M: 2.33%
• YTD: 20.76%
• 6M: 18.15%
• 1Y: 39.60%
• 3Y*: 20.03%
• 5Y*: 11.94%
• 10Y*: —

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

SLYV vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SLYV SPDR S&P 600 Small Cap Value ETF	17.70%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	6.19%
AVUV Avantis US Small Cap Value ETF	20.76%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between SLYV and AVUV is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.97

The correlation between SLYV and AVUV has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

SLYV vs. AVUV - Sectors Allocation Comparison

Sectors	SLYV	AVUV
Financial Services	19.5%	26.1%
Consumer Cyclical	15.4%	18.7%
Technology	13.4%	7.4%
Industrials	11.6%	13.6%
Real Estate	8.6%	0.7%
Healthcare	7.3%	4.8%
Energy	7.0%	15.8%
Basic Materials	6.9%	5.1%
Communication Services	4.4%	3.1%
Consumer Defensive	3.8%	4.7%
Utilities	2.1%	0.1%

Return for Risk

SLYV vs. AVUV — Risk / Return Rank

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

SLYV

SLYV Risk / Return Rank: 73
SLYV Sharpe Ratio Rank: 69
SLYV Sortino Ratio Rank: 72
SLYV Omega Ratio Rank: 64
SLYV Calmar Ratio Rank: 83
SLYV Martin Ratio Rank: 76

AVUV

AVUV Risk / Return Rank: 76
AVUV Sharpe Ratio Rank: 73
AVUV Sortino Ratio Rank: 75
AVUV Omega Ratio Rank: 68
AVUV Calmar Ratio Rank: 88
AVUV Martin Ratio Rank: 79

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.

SLYV vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) 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.

	SLYV	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.26	-0.09
Sortino ratio: Return per unit of downside risk	3.10	3.21	-0.10
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	4.24	5.00	-0.77
Martin ratio: Return relative to average drawdown	14.05	14.84	-0.79

SLYV vs. AVUV - Sharpe Ratio Comparison

The current SLYV Sharpe Ratio is 2.17, which is comparable to the AVUV Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SLYV and AVUV, 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

SLYV vs. AVUV - Drawdown Comparison

The maximum SLYV drawdown since its inception was -61.15%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for SLYV and AVUV.

Drawdown Indicators

	SLYV	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-49.42%	-11.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-7.95%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.68%	-28.79%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	-28.79%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-47.73%	—	—
Current Drawdown Current decline from peak	-1.48%	-1.61%	+0.13%
Average Drawdown Average peak-to-trough decline	-8.93%	-7.90%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.68%	+0.14%

Volatility

SLYV vs. AVUV - Volatility Comparison

SPDR S&P 600 Small Cap Value ETF (SLYV) has a higher volatility of 4.75% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. This indicates that SLYV'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.

Volatility by Period

	SLYV	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.28%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	11.39%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	17.67%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	22.65%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.98%	28.23%	-4.25%

SLYV vs. AVUV - Expense Ratio Comparison

SLYV has a 0.15% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SLYV vs. AVUV - Dividend Comparison

SLYV's dividend yield for the trailing twelve months is around 2.28%, more than AVUV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.63%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
SLYV SPDR S&P 600 Small Cap Value ETF	2.28%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SLYV and AVUV in my portfolio?

With a correlation of 0.94, SLYV and AVUV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SLYV or AVUV?

SLYV has higher volatility (4.75%) compared to AVUV (4.28%). In terms of maximum drawdown, SLYV dropped -61.15% vs AVUV's -49.42%.

Which ETF is better, SLYV or AVUV?

On 5-year performance, AVUV leads with 11.94% vs 6.55% for SLYV. On fees, SLYV is cheaper at 0.15% per year. On volatility, AVUV has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLYV or AVUV?

Over the 5-year period, AVUV has performed better with a 11.94% return vs 6.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLYV or AVUV?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.25% for AVUV.

Which ETF pays a higher dividend yield, SLYV or AVUV?

SLYV has the higher dividend yield at 2.28%, compared with 1.63% for AVUV.

What is the main difference between SLYV and AVUV?

They also come from different issuers: State Street and Avantis. Their fees differ too: 0.15% for SLYV and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.26 vs 2.17), 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.