SMCF vs. AVUV

Last updated Aug 2, 2026

SMCF (Themes US Small Cap Cash Flow Champions ETF) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. SMCF is passively managed, while AVUV is actively managed. Over the past year, SMCF returned 36.42% vs 40.65% for AVUV. Their correlation of 0.92 means they have usually moved in the same direction. SMCF charges 0.29%/yr vs 0.25%/yr for AVUV.

Performance

SMCF vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Small Cap Cash Flow Champions ETF (SMCF) and Avantis US Small Cap Value ETF (AVUV). 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 SMCF having a 23.16% return and AVUV slightly higher at 23.62%.

SMCF

• 1D: -0.22%
• 1M: 3.60%
• 6M: 16.59%
• YTD: 23.16%
• 1Y: 36.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.80%

AVUV

• 1D: 0.03%
• 1M: 1.43%
• 6M: 15.37%
• YTD: 23.62%
• 1Y: 40.65%
• 3Y*: 16.14%
• 5Y*: 13.16%
• 10Y*: —
• ALL TIME*: 16.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVUV Avantis US Small Cap Value ETF	$143.14M	$148.43M	$155.85M
SMCF Themes US Small Cap Cash Flow Champions ETF	$37.58K	$22.20K	$16.39K

SMCF vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMCF Themes US Small Cap Cash Flow Champions ETF	23.16%	9.56%	16.30%	7.07%
AVUV Avantis US Small Cap Value ETF	23.62%	7.44%	9.28%	8.52%

Correlation

The correlation between SMCF and AVUV is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.92

The correlation between SMCF and AVUV has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

SMCF vs. AVUV - Sectors Allocation Comparison

Sectors	SMCF	AVUV
Financial Services	55.8%	27.8%
Industrials	10.4%	13.5%
Technology	9.3%	7.4%
Energy	7.7%	13.9%
Healthcare	7.3%	5.3%
Consumer Cyclical	3.8%	18.5%
Basic Materials	2.5%	4.8%
Consumer Defensive	1.3%	4.9%
Communication Services	0.9%	2.9%
Real Estate	0.5%	0.7%
Utilities	-	0.2%

Return for Risk

SMCF vs. AVUV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMCF

SMCF Risk / Return Rank: 90
SMCF Sharpe Ratio Rank: 90
SMCF Sortino Ratio Rank: 90
SMCF Omega Ratio Rank: 88
SMCF Calmar Ratio Rank: 94
SMCF Martin Ratio Rank: 88

AVUV

AVUV Risk / Return Rank: 91
AVUV Sharpe Ratio Rank: 90
AVUV Sortino Ratio Rank: 91
AVUV Omega Ratio Rank: 88
AVUV Calmar Ratio Rank: 94
AVUV Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMCF vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Small Cap Cash Flow Champions ETF (SMCF) 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.

	SMCF	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.24	-0.02
Sortino ratio: Return per unit of downside risk	3.19	3.23	-0.05
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	4.77	4.74	+0.03
Martin ratio: Return relative to average drawdown	13.18	14.98	-1.80

SMCF vs. AVUV - Sharpe Ratio Comparison

The current SMCF Sharpe Ratio is 2.22, which is comparable to the AVUV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SMCF 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

SMCF vs. AVUV - Drawdown Comparison

The maximum SMCF drawdown since its inception was -28.48%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for SMCF and AVUV.

Drawdown Indicators

	SMCF	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-28.48%	-49.42%	+20.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-7.95%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-1.01%	-0.72%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.99%	-7.78%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.52%	+0.06%

Volatility

SMCF vs. AVUV - Volatility Comparison

Themes US Small Cap Cash Flow Champions ETF (SMCF) has a higher volatility of 3.25% compared to Avantis US Small Cap Value ETF (AVUV) at 2.88%. This indicates that SMCF'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

	SMCF	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	2.88%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	10.51%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	16.90%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	22.40%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	28.02%	-8.13%

SMCF vs. AVUV - Expense Ratio Comparison

SMCF has a 0.29% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

SMCF vs. AVUV - Dividend Comparison

SMCF's dividend yield for the trailing twelve months is around 3.18%, more than AVUV's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.25%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.18%	3.91%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMCF and AVUV in my portfolio?

SMCF and AVUV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCF or AVUV?

SMCF has higher volatility (3.25%) compared to AVUV (2.88%). In terms of maximum drawdown, SMCF dropped -28.48% vs AVUV's -49.42%.

Which ETF is better, SMCF or AVUV?

On 1-year performance, AVUV leads with 40.65% vs 36.42% for SMCF. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMCF or AVUV?

Over the 1-year period, AVUV has performed better with a 40.65% return vs 36.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMCF or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.29% for SMCF.

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

SMCF has the higher dividend yield at 3.18%, compared with 1.25% for AVUV.

What is the main difference between SMCF and AVUV?

They also come from different issuers: Themes and Avantis. Their fees differ too: 0.29% for SMCF and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.24 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.