SMLK.DE vs. AVUV
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. SMLK.DE is passively managed, while AVUV is actively managed. Over the past 5 years, SMLK.DE returned 7.57%/yr vs 12.94%/yr for AVUV. A 0.64 correlation means they provide meaningful diversification when combined. SMLK.DE charges 0.14%/yr vs 0.25%/yr for AVUV.
Performance
SMLK.DE vs. AVUV - Performance Comparison
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Different Trading Currencies
SMLK.DE is traded in EUR, while AVUV is traded in USD. To make them comparable, the AVUV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMLK.DE achieves a 23.20% return, which is significantly lower than AVUV's 26.61% return.
SMLK.DE
- 1D
- 0.00%
- 1M
- 7.50%
- YTD
- 23.20%
- 6M
- 23.50%
- 1Y
- 39.71%
- 3Y*
- 14.98%
- 5Y*
- 7.57%
- 10Y*
- —
AVUV
- 1D
- 0.74%
- 1M
- 5.08%
- YTD
- 26.61%
- 6M
- 24.71%
- 1Y
- 44.39%
- 3Y*
- 18.69%
- 5Y*
- 12.94%
- 10Y*
- —
SMLK.DE vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 23.20% | -4.02% | 13.30% | 13.97% | -11.83% | 12.81% |
AVUV Avantis US Small Cap Value ETF | 26.61% | -5.31% | 16.50% | 19.13% | 0.98% | 17.12% |
Correlation
The correlation between SMLK.DE and AVUV is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.64 |
The correlation between SMLK.DE and AVUV has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
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Return for Risk
SMLK.DE vs. AVUV — Risk / Return Rank
SMLK.DE
AVUV
SMLK.DE vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) 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.
| SMLK.DE | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 7.11 | -4.98 |
| Martin ratioReturn relative to average drawdown | 4.79 | 22.57 | -17.78 |
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Drawdowns
SMLK.DE vs. AVUV - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, smaller than the maximum AVUV drawdown of -48.56%. Use the drawdown chart below to compare losses from any high point for SMLK.DE and AVUV.
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Drawdown Indicators
| SMLK.DE | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -48.56% | +15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -6.27% | -12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -31.93% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -31.93% | -0.76% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -8.74% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 1.97% | +6.31% |
Volatility
SMLK.DE vs. AVUV - Volatility Comparison
Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 3.63% and 3.69%, 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.
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Volatility by Period
| SMLK.DE | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.69% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 11.34% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 17.43% | +10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 22.27% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 28.08% | -5.80% |
SMLK.DE vs. AVUV - Expense Ratio Comparison
SMLK.DE has a 0.14% 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
SMLK.DE vs. AVUV - Dividend Comparison
SMLK.DE has not paid dividends to shareholders, while AVUV's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.26% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMLK.DE and AVUV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for AVUV.
SMLK.DE is categorized as Small Cap Blend Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.14% for SMLK.DE and 0.25% for AVUV.
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