VSMVX vs. AVUV
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) and Avantis US Small Cap Value ETF (AVUV).
VSMVX is managed by Vanguard. It was launched on Nov 19, 2014. AVUV is a passively managed fund by Avantis that tracks the performance of the Russell 2000 Value. It was launched on Sep 24, 2019.
Performance
VSMVX vs. AVUV - Performance Comparison
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VSMVX vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 2.15% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 7.34% |
AVUV Avantis US Small Cap Value ETF | 8.60% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.50% |
Returns By Period
In the year-to-date period, VSMVX achieves a 2.15% return, which is significantly lower than AVUV's 8.60% return.
VSMVX
- 1D
- -0.48%
- 1M
- -5.37%
- YTD
- 2.15%
- 6M
- 5.65%
- 1Y
- 21.03%
- 3Y*
- 9.21%
- 5Y*
- 4.68%
- 10Y*
- 9.29%
AVUV
- 1D
- 2.03%
- 1M
- -1.97%
- YTD
- 8.60%
- 6M
- 11.68%
- 1Y
- 28.72%
- 3Y*
- 16.19%
- 5Y*
- 10.38%
- 10Y*
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VSMVX vs. AVUV - Expense Ratio Comparison
VSMVX has a 0.08% 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%.
Return for Risk
VSMVX vs. AVUV — Risk / Return Rank
VSMVX
AVUV
VSMVX vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) 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.
| VSMVX | AVUV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.23 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.80 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.87 | -0.69 |
Martin ratioReturn relative to average drawdown | 4.50 | 7.37 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSMVX | AVUV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.23 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.45 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.52 | -0.06 |
Correlation
The correlation between VSMVX and AVUV is 0.97, 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.
Dividends
VSMVX vs. AVUV - Dividend Comparison
VSMVX's dividend yield for the trailing twelve months is around 1.86%, more than AVUV's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.86% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
AVUV Avantis US Small Cap Value ETF | 1.41% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VSMVX vs. AVUV - Drawdown Comparison
The maximum VSMVX drawdown since its inception was -47.61%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for VSMVX and AVUV.
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Drawdown Indicators
| VSMVX | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.61% | -49.42% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -15.43% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -28.79% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -47.61% | — | — |
Current DrawdownCurrent decline from peak | -8.13% | -4.14% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -8.14% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.91% | +0.22% |
Volatility
VSMVX vs. AVUV - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) is 5.01%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 5.51%. This indicates that VSMVX 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.
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Volatility by Period
| VSMVX | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 5.51% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 13.11% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 23.46% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 22.95% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.14% | 28.60% | -4.46% |