SVAL vs. AVSC
SVAL (iShares US Small Cap Value Factor ETF) and AVSC (Avantis US Small Cap Equity ETF) are both exchange-traded funds - SVAL is a Small Cap Value Equities fund tracking the Russell 2000 Focused Value Select Index, while AVSC is a Small Cap Blend Equities fund actively managed by Avantis Investors. SVAL is passively managed, while AVSC is actively managed. Over the past 3 years, SVAL returned 17.90%/yr vs 17.05%/yr for AVSC. With a 0.95 correlation, they move nearly in lockstep. SVAL charges 0.20%/yr vs 0.25%/yr for AVSC.
Performance
SVAL vs. AVSC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SVAL having a 23.49% return and AVSC slightly higher at 23.67%.
SVAL
- 1D
- 0.56%
- 1M
- 1.84%
- 6M
- 17.54%
- YTD
- 23.49%
- 1Y
- 32.90%
- 3Y*
- 17.90%
- 5Y*
- 9.69%
- 10Y*
- —
AVSC
- 1D
- -0.22%
- 1M
- 1.53%
- 6M
- 17.05%
- YTD
- 23.67%
- 1Y
- 36.24%
- 3Y*
- 17.05%
- 5Y*
- —
- 10Y*
- —
SVAL vs. AVSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SVAL iShares US Small Cap Value Factor ETF | 23.49% | 8.23% | 7.54% | 12.27% | -11.51% |
AVSC Avantis US Small Cap Equity ETF | 23.67% | 9.42% | 7.75% | 19.68% | -12.40% |
Correlation
The correlation between SVAL and AVSC is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.95 |
The correlation between SVAL and AVSC has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
SVAL vs. AVSC — Risk / Return Rank
SVAL
AVSC
SVAL vs. AVSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) 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.
| SVAL | AVSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.61 | -0.92 |
| Martin ratioReturn relative to average drawdown | 11.75 | 14.49 | -2.73 |
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Drawdowns
SVAL vs. AVSC - Drawdown Comparison
The maximum SVAL drawdown since its inception was -27.44%, roughly equal to the maximum AVSC drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for SVAL and AVSC.
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Drawdown Indicators
| SVAL | AVSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -28.40% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -7.89% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -27.44% | -28.40% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.40% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -7.28% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.51% | +0.30% |
Volatility
SVAL vs. AVSC - Volatility Comparison
The current volatility for iShares US Small Cap Value Factor ETF (SVAL) is 3.53%, while Avantis US Small Cap Equity ETF (AVSC) has a volatility of 4.10%. This indicates that SVAL experiences smaller price fluctuations and is considered to be less risky than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVAL | AVSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.10% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 11.90% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.39% | 17.86% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.13% | 22.19% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.13% | 22.19% | +0.94% |
SVAL vs. AVSC - Expense Ratio Comparison
SVAL has a 0.20% expense ratio, which is lower than AVSC'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
SVAL vs. AVSC - Dividend Comparison
SVAL's dividend yield for the trailing twelve months is around 2.07%, more than AVSC's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 0.93% | 1.16% | 1.17% | 1.42% | 1.10% | 0.00% | 0.00% |
SVAL iShares US Small Cap Value Factor ETF | 2.07% | 2.33% | 1.82% | 2.25% | 2.09% | 2.33% | 0.28% |
Frequently Asked Questions
With a correlation of 0.95, SVAL and AVSC 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.
AVSC has higher volatility (4.10%) compared to SVAL (3.53%). In terms of maximum drawdown, SVAL dropped -27.44% vs AVSC's -28.40%.
On 3-year performance, SVAL leads with 17.90% vs 17.05% for AVSC. On fees, SVAL is cheaper at 0.20% per year. On volatility, SVAL has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SVAL has performed better with a 17.90% return vs 17.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVAL is cheaper with a 0.20% expense ratio, compared with 0.25% for AVSC.
SVAL has the higher dividend yield at 2.07%, compared with 0.93% for AVSC.
SVAL is categorized as Small Cap Value Equities, while AVSC is Small Cap Blend Equities. They also come from different issuers: iShares and Avantis Investors. Their fees differ too: 0.20% for SVAL and 0.25% for AVSC.
AVSC currently has the higher Sharpe Ratio (2.04 vs 1.90), 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.
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