TILT vs. AVUV

Last updated Jun 4, 2026

TILT (FlexShares Morningstar US Market Factor Tilt Index Fund) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - TILT is a Large Cap Blend Equities fund tracking the Morningstar US Market Factor Tilt Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. TILT is passively managed, while AVUV is actively managed. Over the past 5 years, TILT returned 11.59%/yr vs 10.71%/yr for AVUV. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

TILT vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TILT achieves a 10.68% return, which is significantly lower than AVUV's 17.96% return.

TILT

• 1D: -0.67%
• 1M: 4.39%
• YTD: 10.68%
• 6M: 10.81%
• 1Y: 28.46%
• 3Y*: 20.80%
• 5Y*: 11.59%
• 10Y*: 13.96%

AVUV

• 1D: -0.97%
• 1M: 1.21%
• YTD: 17.96%
• 6M: 17.23%
• 1Y: 36.48%
• 3Y*: 19.24%
• 5Y*: 10.71%
• 10Y*: —

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

TILT vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TILT FlexShares Morningstar US Market Factor Tilt Index Fund	10.68%	16.59%	19.88%	24.70%	-17.25%	27.61%	16.05%	9.07%
AVUV Avantis US Small Cap Value ETF	17.96%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%

Correlation

The correlation between TILT and AVUV is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.86

The correlation between TILT and AVUV has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

TILT vs. AVUV - Sectors Allocation Comparison

Sectors	TILT	AVUV
Technology	27.2%	7.0%
Financial Services	16.0%	25.8%
Consumer Cyclical	10.9%	18.0%
Industrials	10.1%	13.9%
Healthcare	9.4%	4.2%
Communication Services	8.6%	2.8%
Energy	4.8%	18.2%
Consumer Defensive	4.7%	4.5%
Real Estate	3.1%	0.7%
Basic Materials	2.7%	4.9%
Utilities	2.4%	0.1%

Return for Risk

TILT vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TILT

TILT Risk / Return Rank: 71
TILT Sharpe Ratio Rank: 71
TILT Sortino Ratio Rank: 70
TILT Omega Ratio Rank: 70
TILT Calmar Ratio Rank: 68
TILT Martin Ratio Rank: 77

AVUV

AVUV Risk / Return Rank: 67
AVUV Sharpe Ratio Rank: 61
AVUV Sortino Ratio Rank: 63
AVUV Omega Ratio Rank: 58
AVUV Calmar Ratio Rank: 84
AVUV Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TILT vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) 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.

	TILT	AVUV	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.10	+0.23
Sortino ratio Return per unit of downside risk	3.22	3.02	+0.21
Omega ratio Gain probability vs. loss probability	1.42	1.36	+0.05
Calmar ratio Return relative to maximum drawdown	3.36	4.61	-1.25
Martin ratio Return relative to average drawdown	14.71	13.69	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TILT vs. AVUV - Sharpe Ratio Comparison

The current TILT Sharpe Ratio is 2.33, which is comparable to the AVUV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TILT 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.

Sharpe Ratios by Period

	TILT	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.10	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.47	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.56	+0.27

Drawdowns

TILT vs. AVUV - Drawdown Comparison

The maximum TILT drawdown since its inception was -38.46%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for TILT and AVUV.

Drawdown Indicators

	TILT	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-38.46%	-49.42%	+10.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-7.95%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-28.79%	+8.94%
Max Drawdown (5Y) Largest decline over 5 years	-24.12%	-28.79%	+4.67%
Max Drawdown (10Y) Largest decline over 10 years	-38.46%	—	—
Current Drawdown Current decline from peak	-0.67%	-1.12%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.23%	-7.95%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.67%	-0.73%

Volatility

TILT vs. AVUV - Volatility Comparison

The current volatility for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) is 3.04%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.08%. This indicates that TILT 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.

Volatility by Period

	TILT	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	4.08%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	11.34%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	17.54%	-5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	22.74%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	28.30%	-9.55%

TILT vs. AVUV - Expense Ratio Comparison

Both TILT and AVUV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TILT vs. AVUV - Dividend Comparison

TILT's dividend yield for the trailing twelve months is around 1.07%, less than AVUV's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.29%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
TILT FlexShares Morningstar US Market Factor Tilt Index Fund	1.07%	1.15%	1.23%	1.44%	1.60%	1.16%	1.49%	1.54%	1.97%	1.55%	1.60%	1.98%

Frequently Asked Questions

Can I hold both TILT and AVUV in my portfolio?

TILT and AVUV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TILT or AVUV?

AVUV has higher volatility (4.08%) compared to TILT (3.04%). In terms of maximum drawdown, TILT dropped -38.46% vs AVUV's -49.42%.

Which ETF is better, TILT or AVUV?

On 5-year performance, TILT leads with 11.59% vs 10.71% for AVUV. Both ETFs have the same 0.25% expense ratio. On volatility, TILT has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TILT or AVUV?

Over the 5-year period, TILT has performed better with a 11.59% return vs 10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TILT or AVUV?

TILT and AVUV have the same expense ratio: 0.25% per year.

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

AVUV has the higher dividend yield at 1.29%, compared with 1.07% for TILT.

What is the main difference between TILT and AVUV?

TILT is categorized as Large Cap Blend Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: FlexShares and Avantis.

Which has better risk-adjusted returns?

TILT currently has the higher Sharpe Ratio (2.33 vs 2.10), 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.