VTWO vs. AVSC
VTWO (Vanguard Russell 2000 ETF) and AVSC (Avantis US Small Cap Equity ETF) are both exchange-traded funds - VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 3 years, VTWO returned 19.67%/yr vs 19.17%/yr for AVSC. With a 0.97 correlation, they move nearly in lockstep. VTWO charges 0.06%/yr vs 0.25%/yr for AVSC.
Performance
VTWO vs. AVSC - Performance Comparison
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Returns By Period
In the year-to-date period, VTWO achieves a 21.09% return, which is significantly lower than AVSC's 22.59% return.
VTWO
- 1D
- 0.46%
- 1M
- 4.33%
- YTD
- 21.09%
- 6M
- 17.98%
- 1Y
- 40.11%
- 3Y*
- 19.67%
- 5Y*
- 6.54%
- 10Y*
- 11.78%
AVSC
- 1D
- 1.19%
- 1M
- 5.61%
- YTD
- 22.59%
- 6M
- 20.01%
- 1Y
- 41.77%
- 3Y*
- 19.17%
- 5Y*
- —
- 10Y*
- —
VTWO vs. AVSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VTWO Vanguard Russell 2000 ETF | 21.09% | 12.90% | 11.55% | 17.08% | -18.01% |
AVSC Avantis US Small Cap Equity ETF | 22.59% | 9.42% | 7.75% | 19.68% | -12.40% |
Correlation
The correlation between VTWO and AVSC is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.97 |
The correlation between VTWO and AVSC has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
VTWO vs. AVSC — Risk / Return Rank
VTWO
AVSC
VTWO vs. AVSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) 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.
| VTWO | AVSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 5.32 | -1.65 |
| Martin ratioReturn relative to average drawdown | 13.00 | 16.66 | -3.66 |
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Drawdowns
VTWO vs. AVSC - Drawdown Comparison
The maximum VTWO drawdown since its inception was -41.19%, which is greater than AVSC's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for VTWO and AVSC.
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Drawdown Indicators
| VTWO | AVSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -28.40% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -7.89% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -28.40% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -7.35% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.51% | +0.59% |
Volatility
VTWO vs. AVSC - Volatility Comparison
Vanguard Russell 2000 ETF (VTWO) has a higher volatility of 6.53% compared to Avantis US Small Cap Equity ETF (AVSC) at 4.76%. This indicates that VTWO's price experiences larger fluctuations and is considered to be riskier 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
| VTWO | AVSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 4.76% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 12.04% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.65% | 18.18% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 22.28% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 22.28% | +0.83% |
VTWO vs. AVSC - Expense Ratio Comparison
VTWO has a 0.06% 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
VTWO vs. AVSC - Dividend Comparison
VTWO's dividend yield for the trailing twelve months is around 1.09%, more than AVSC's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 0.94% | 1.16% | 1.17% | 1.42% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTWO Vanguard Russell 2000 ETF | 1.09% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
Frequently Asked Questions
With a correlation of 0.93, VTWO 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.
VTWO has higher volatility (6.53%) compared to AVSC (4.76%). In terms of maximum drawdown, VTWO dropped -41.19% vs AVSC's -28.40%.
On 3-year performance, VTWO leads with 19.67% vs 19.17% for AVSC. On fees, VTWO is cheaper at 0.06% per year. On volatility, AVSC has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTWO has performed better with a 19.67% return vs 19.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTWO is cheaper with a 0.06% expense ratio, compared with 0.25% for AVSC.
VTWO has the higher dividend yield at 1.09%, compared with 0.94% for AVSC.
VTWO is categorized as Small Cap Blend Equities, while AVSC is Small Cap Value Equities. Both ETFs track Russell 2000 Index. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.06% for VTWO and 0.25% for AVSC.
AVSC currently has the higher Sharpe Ratio (2.31 vs 2.05), 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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