UBVLX vs. AVUV
UBVLX (Undiscovered Managers Behavioral Value Fund) and AVUV (Avantis US Small Cap Value ETF) are both Small Cap Value Equities funds. Over the past 5 years, UBVLX returned 9.11%/yr vs 11.94%/yr for AVUV. Their correlation of 0.94 suggests significant overlap in exposure. UBVLX charges 0.90%/yr vs 0.25%/yr for AVUV.
Performance
UBVLX vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, UBVLX achieves a 8.75% return, which is significantly lower than AVUV's 20.76% return.
UBVLX
- 1D
- 0.78%
- 1M
- 1.45%
- YTD
- 8.75%
- 6M
- 7.58%
- 1Y
- 16.80%
- 3Y*
- 12.33%
- 5Y*
- 9.11%
- 10Y*
- 10.24%
AVUV
- 1D
- 0.31%
- 1M
- 2.33%
- YTD
- 20.76%
- 6M
- 18.15%
- 1Y
- 39.60%
- 3Y*
- 20.03%
- 5Y*
- 11.94%
- 10Y*
- —
UBVLX vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UBVLX Undiscovered Managers Behavioral Value Fund | 8.75% | 1.79% | 13.11% | 14.69% | -1.16% | 34.25% | 3.52% | 6.50% |
AVUV Avantis US Small Cap Value ETF | 20.76% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between UBVLX and AVUV is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.94 |
The correlation between UBVLX and AVUV has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
UBVLX vs. AVUV — Risk / Return Rank
UBVLX
AVUV
UBVLX vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) 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.
| UBVLX | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 5.00 | -3.37 |
| Martin ratioReturn relative to average drawdown | 4.55 | 14.84 | -10.30 |
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Drawdowns
UBVLX vs. AVUV - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -67.24%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for UBVLX and AVUV.
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Drawdown Indicators
| UBVLX | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -49.42% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -7.95% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -28.79% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -28.79% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.61% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -7.90% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.68% | +1.03% |
Volatility
UBVLX vs. AVUV - Volatility Comparison
Undiscovered Managers Behavioral Value Fund (UBVLX) and Avantis US Small Cap Value ETF (AVUV) have volatilities of 4.16% and 4.28%, 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
| UBVLX | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.28% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 11.39% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 17.67% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 22.65% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 28.23% | -3.62% |
UBVLX vs. AVUV - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
UBVLX vs. AVUV - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 8.65%, more than AVUV's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.63% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
UBVLX Undiscovered Managers Behavioral Value Fund | 8.65% | 9.41% | 7.39% | 8.35% | 8.96% | 3.44% | 0.99% | 4.98% | 11.62% | 4.67% | 3.24% | 3.80% |
Frequently Asked Questions
UBVLX and AVUV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVUV has higher volatility (4.28%) compared to UBVLX (4.16%). In terms of maximum drawdown, UBVLX dropped -67.24% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.26 vs 1.01), 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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