TIIV vs. SAWS

Last updated Jul 30, 2026

TIIV (AAM Todd International Intrinsic Value ETF) and SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) are both exchange-traded funds - TIIV is a Actively Managed fund actively managed by AAM, while SAWS is a Quality Factor fund actively managed by AAM. Both are actively managed. Over the past year, TIIV returned 25.15% vs 22.70% for SAWS. Their 0.60 correlation means they have sometimes moved together and sometimes differently. TIIV charges 0.54%/yr vs 0.55%/yr for SAWS.

Performance

TIIV vs. SAWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Todd International Intrinsic Value ETF (TIIV) and AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIIV achieves a 11.86% return, which is significantly lower than SAWS's 13.99% return.

TIIV

• 1D: -0.44%
• 1M: 2.59%
• 6M: 5.27%
• YTD: 11.86%
• 1Y: 25.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.71%

SAWS

• 1D: -2.06%
• 1M: -6.40%
• 6M: 9.24%
• YTD: 13.99%
• 1Y: 22.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.91%

*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)
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	$43.66K	$49.04K	$36.96K
TIIV AAM Todd International Intrinsic Value ETF	$18.60K	$14.86K	$76.21K

TIIV vs. SAWS - Yearly Performance Comparison

	2026 (YTD)	2025
TIIV AAM Todd International Intrinsic Value ETF	11.86%	10.83%
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	13.99%	9.17%

Correlation

The correlation between TIIV and SAWS is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.60

The correlation between TIIV and SAWS has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.

Return for Risk

TIIV vs. SAWS — Risk / Return Rank

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

TIIV

TIIV Risk / Return Rank: 79
TIIV Sharpe Ratio Rank: 80
TIIV Sortino Ratio Rank: 82
TIIV Omega Ratio Rank: 80
TIIV Calmar Ratio Rank: 77
TIIV Martin Ratio Rank: 76

SAWS

SAWS Risk / Return Rank: 56
SAWS Sharpe Ratio Rank: 52
SAWS Sortino Ratio Rank: 56
SAWS Omega Ratio Rank: 48
SAWS Calmar Ratio Rank: 67
SAWS Martin Ratio Rank: 59

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.

TIIV vs. SAWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Todd International Intrinsic Value ETF (TIIV) and AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS). 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.

	TIIV	SAWS	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.20	+0.56
Sortino ratio: Return per unit of downside risk	2.58	1.86	+0.72
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio: Return relative to maximum drawdown	2.61	2.23	+0.38
Martin ratio: Return relative to average drawdown	9.09	6.72	+2.37

TIIV vs. SAWS - Sharpe Ratio Comparison

The current TIIV Sharpe Ratio is 1.76, which is higher than the SAWS Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of TIIV and SAWS, 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

TIIV vs. SAWS - Drawdown Comparison

The maximum TIIV drawdown since its inception was -9.68%, smaller than the maximum SAWS drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for TIIV and SAWS.

Drawdown Indicators

	TIIV	SAWS	Difference
Max Drawdown Largest peak-to-trough decline	-9.68%	-22.04%	+12.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-10.23%	+0.55%
Current Drawdown Current decline from peak	-0.86%	-7.62%	+6.76%
Average Drawdown Average peak-to-trough decline	-1.79%	-5.39%	+3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.38%	-0.60%

Volatility

TIIV vs. SAWS - Volatility Comparison

The current volatility for AAM Todd International Intrinsic Value ETF (TIIV) is 3.16%, while AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) has a volatility of 5.30%. This indicates that TIIV experiences smaller price fluctuations and is considered to be less risky than SAWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIIV	SAWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	5.30%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	14.62%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	18.98%	-4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	20.90%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	20.90%	-6.52%

TIIV vs. SAWS - Expense Ratio Comparison

TIIV has a 0.54% expense ratio, which is lower than SAWS's 0.55% expense ratio.

Dividends

TIIV vs. SAWS - Dividend Comparison

TIIV's dividend yield for the trailing twelve months is around 3.18%, more than SAWS's 0.02% yield.

Position	TTM	2025	2024
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	0.02%	0.02%	0.03%
TIIV AAM Todd International Intrinsic Value ETF	3.18%	2.33%	0.00%

Frequently Asked Questions

Can I hold both TIIV and SAWS in my portfolio?

TIIV and SAWS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIIV or SAWS?

SAWS has higher volatility (5.30%) compared to TIIV (3.16%). In terms of maximum drawdown, TIIV dropped -9.68% vs SAWS's -22.04%.

Which ETF is better, TIIV or SAWS?

On 1-year performance, TIIV leads with 25.15% vs 22.70% for SAWS. On fees, TIIV is cheaper at 0.54% per year. On volatility, TIIV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TIIV or SAWS?

Over the 1-year period, TIIV has performed better with a 25.15% return vs 22.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIIV or SAWS?

TIIV is cheaper with a 0.54% expense ratio, compared with 0.55% for SAWS.

Which ETF pays a higher dividend yield, TIIV or SAWS?

TIIV has the higher dividend yield at 3.18%, compared with 0.02% for SAWS.

What is the main difference between TIIV and SAWS?

TIIV is categorized as Actively Managed, while SAWS is Quality Factor. Their fees differ too: 0.54% for TIIV and 0.55% for SAWS.

Which has better risk-adjusted returns?

TIIV currently has the higher Sharpe Ratio (1.76 vs 1.20), 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.