SPSM vs. AVUV
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Avantis U.S. Small Cap Value ETF (AVUV).
SPSM and AVUV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSM or AVUV.
Performance
SPSM vs. AVUV - Performance Comparison
Returns By Period
In the year-to-date period, SPSM achieves a 14.89% return, which is significantly lower than AVUV's 15.85% return.
SPSM
14.89%
6.50%
14.98%
30.13%
10.65%
9.22%
AVUV
15.85%
7.10%
13.70%
31.15%
16.63%
N/A
Key characteristics
| SPSM | AVUV | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.50 |
| Sortino Ratio | 2.29 | 2.24 |
| Omega Ratio | 1.27 | 1.28 |
| Calmar Ratio | 1.72 | 2.88 |
| Martin Ratio | 8.68 | 7.56 |
| Ulcer Index | 3.54% | 4.19% |
| Daily Std Dev | 19.96% | 21.12% |
| Max Drawdown | -42.89% | -49.42% |
| Current Drawdown | -2.51% | -1.99% |
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SPSM vs. AVUV - Expense Ratio Comparison
SPSM has a 0.05% 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%.
Correlation
The correlation between SPSM and AVUV is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPSM vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Avantis U.S. 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.
Dividends
SPSM vs. AVUV - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.77%, more than AVUV's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.77% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
AVUV Avantis U.S. Small Cap Value ETF | 1.52% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPSM vs. AVUV - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for SPSM and AVUV. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. AVUV - Volatility Comparison
The current volatility for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is 7.51%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 8.47%. This indicates that SPSM experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.