Which returned more over the last year, AVSC or IWC?

In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and IWC +16.5%.

Which is cheaper, AVSC or IWC?

AVSC is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AVSC and IWC overlap with the S&P 500?

By their latest filed holdings, 0% of AVSC and 92% of IWC by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AVSC vs IWC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVSC returned +23.6% to IWC's +16.5%; 15% of their weight is in the same names.

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Net assets: $2.8bn on May 31, 2026 for Avantis U.S. Small Cap Equity ETF, and $1.2bn on Oct 27, 2026 for iShares Micro-Cap ETF.

AVSC on its own →IWC on its own →

At a glance

+23.6%

AVSC total return, 1 year

+16.5%

IWC total return, 1 year

0.25%

AVSC expense ratio

0.60%

IWC expense ratio

Pair scorecard

AVSC costs 0.35 points a year less; their one-year returns differ by 7.1 points.

AVSC vs IWC: Differences, Returns & Fees
Measure	AVSC	IWC
Return
Measure	AVSC	IWC
Total return, 1 year	+23.6%	+16.5%
Drawdown
Measure	AVSC	IWC
Below its high	5.0%, high on Aug 14, 2026	9.5%, high on Aug 14, 2026
Benchmark
Measure	AVSC	IWC
What it tracks	No index, actively managed	Russell Microcap Index
Cost and size
Measure	AVSC	IWC
Expense ratio	0.25%	0.60%
Net assets, AVSC as of May 31, 2026 and IWC as of Oct 27, 2026	$2.8bn	$1.2bn
Holdings
Measure	AVSC	IWC
Holdings in common	15%
Top ten holdings, share of the fund	3.4%	5.9%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jan 21, 2022 to Oct 23, 2026 · 248 weekly returns

AVSC IWC

Return

Total return edge AVSC +62.2% +50.7%

Annualized edge AVSC +10.7% +9.0%

Price return edge AVSC +52.9% +42.7%

Risk

Volatility edge AVSC 20.5% 23.0%

Max drawdown edge AVSC −25.5% −29.2%

Downside capture 96.9% 111.7%

Beta 0.96 1.16

Risk-adjusted

Sharpe edge AVSC 0.40 0.31

Sortino edge AVSC 0.58 0.45

Treynor 0.085 0.070

Calmar edge AVSC 0.42 0.31

Against the benchmark

Alpha +2.1% a year −3.6% a year

Alpha t-stat 0.89 −1.41

Information ratio 0.35 −0.16

Tracking error 5.2% 12.0%

Each against its own benchmark: AVSC against IWM, Jan 21, 2022 to Oct 23, 2026; IWC against IWV, Aug 26, 2005 to Oct 23, 2026.

Reading

AVSC returned more: +62.2% to +50.7%. AVSC swung less: 20.5% to 23.0%. AVSC fell less at its worst: −25.5% to −29.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AVSC vs IWC: Differences, Returns & Fees
Measure	AVSC	IWC	Edge	How it is measured
Return
Total return	+62.2%	+50.7%	AVSC	Price change plus distributions, reinvested.
Annualized	+10.7%	+9.0%	AVSC	Total return as a yearly rate.
Price return	+52.9%	+42.7%	AVSC	Price change alone, distributions left out.
Risk
Volatility	20.5%	23.0%	AVSC	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.0%	15.8%	AVSC	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−25.5%	−29.2%	AVSC	Deepest fall from a high to the low after it.
Upside capture	96.8%	118.0%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	96.9%	111.7%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.96	1.16	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.94	0.76	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.40	0.31	AVSC	Return above Treasury bills per unit of volatility.
Sortino	0.58	0.45	AVSC	Return above Treasury bills per unit of downside deviation.
Treynor	0.085	0.070		Return above Treasury bills per unit of beta.
Calmar	0.42	0.31	AVSC	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWM	IWV		The ETF each fund is measured against.
Alpha	+2.1% a year	−3.6% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.89	−1.41	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.5% to +6.7%	−8.5% to +1.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.35	−0.16		Return against its benchmark per unit of tracking error.
Tracking error	5.2%	12.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 248 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

15%

By the books each fund has filed, AVSC and IWC hold 15% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

15% in common

Positions both hold · largest shared weight first AVSC IWC

CAREDX INC COMMON STOCK USD.001 0.24% 0.88%

INTERFACE INC COMMON STOCK USD.1 0.12% 0.52%

DIME COMMERCIAL BANCSHARES I COMMON STOCK USD.01 0.11% 0.43%

BANK FIRST CORP COMMON STOCK USD1.0 0.10% 0.37%

IDT CORP CLASS B COMMON STOCK USD.01 0.10% 0.33%

ORIGIN BANCORP INC COMMON STOCK 0.10% 0.38%

QCR HOLDINGS INC COMMON STOCK USD1.0 0.10% 0.41%

STRIVE INC A COMMON STOCK USD.001 0.10% 0.50%

BJ S RESTAURANTS INC COMMON STOCK 0.09% 0.27%

CONNECTONE BANCORP INC COMMON STOCK 0.09% 0.40%

PEOPLES BANCORP INC COMMON STOCK 0.09% 0.34%

ALLIENT INC COMMON STOCK 0.08% 0.34%

Only in one fund ↓

Only in AVSC

TENABLE HOLDINGS INC COMMON STOCK USD.01 0.37%

GRAIL INC COMMON STOCK 0.36%

ABERCROMBIE + FITCH CO CL A COMMON STOCK USD.01 0.35%

HAEMONETICS CORP/MASS COMMON STOCK USD.01 0.34%

CONCENTRA GROUP HOLDINGS PAR COMMON STOCK USD.01 0.33%

INTERNATIONAL SEAWAYS INC COMMON STOCK 0.33%

SCIENCE APPLICATIONS INTE COMMON STOCK USD.0001 0.33%

IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 0.32%

Only in IWC

PENGUIN SOLUTIONS INC 0.73%

NURIX THERAPEUTICS 0.63%

SELLAS LIFE SCIENCES GROUP INC 0.60%

OUSTER 0.53%

HYPERLIQUID STRATEGIES INC 0.46%

PORCH GROUP 0.44%

XERIS BIOPHARMA HOLDINGS 0.44%

LINDBLAD EXPEDITIONS HOLDINGS 0.43%

Check overlap with more funds →

Side by side

AVSC Avantis U.S. Small Cap Equity ETF IWC iShares Micro-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis iShares

What it is Actively managed Tracks the Russell Microcap

Total return, 1 year +23.6% +16.5%

Its benchmark over the same days +14.1% (IWM) +13.3% (IWV)

Gap to its benchmark +9.5 pts vs IWM +3.2 pts vs IWV

Expense ratio 0.25% 0.60%

Already in the S&P 500 0.0% 91.7%

Holdings 1540 1365

Net assets, AVSC as of May 31, 2026 and IWC as of Oct 27, 2026 $2.8bn $1.2bn

AVSC and IWC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-AD27732277

AVSC and IWC are built for the same job. How do they differ in cost, holdings and results?

What each follows. AVSC follows No index, actively managed and IWC follows Russell Microcap Index.
Holdings in common. 15% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AVSC returned +23.6% and IWC +16.5% with distributions reinvested, a gap of 7.1 points.

Data as of Oct 28, 2026.

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About each fund

AVSC

Over the year to Oct 28, 2026 it returned +23.6% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000.

AVSC is actively managed and tracks no index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,540 positions, with the top ten at 3.4%. It sat 5.0% below its high of Aug 14, 2026 on Oct 28, 2026.

IWC

Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AVSC or IWC?: In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and IWC +16.5%.
Which is cheaper, AVSC or IWC?: AVSC is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVSC and IWC overlap with the S&P 500?: By their latest filed holdings, 0% of AVSC and 92% of IWC by weight is stocks the S&P 500 already holds.

Other comparisons

AVSC vs SMLF AVSC vs IJT AVSC vs SPSM AVSC vs IJR IWC vs XSMO IWC vs PSC ESML vs IWC BBMC vs IWC

Where to next

AVSC on its own →IWC on its own →Hold both: look the portfolio through →Rankings →AVSC dividend history →AVSC holdings →IWC dividend history →IWC holdings →Standards and sources →

Sources and dates

AVSC filings on SEC EDGAR ↗

AVSC prospectus with the expense ratio (SEC) ↗

Avantis website ↗

IWC filings on SEC EDGAR ↗

IWC prospectus with the expense ratio (SEC) ↗

iShares page for IWC ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVSC against IWC, data as of Oct 28, 2026. https://etfiq.com/compare/any/avsc-vs-iwc

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.