Data as of Oct 28, 2026.
AVSC vs IWM: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVSC returned +23.6% to IWM's +14.1%; 53% 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 $75.5bn on Oct 27, 2026 for iShares Russell 2000 ETF.
Pair scorecard
IWM costs 0.06 points a year less; their one-year returns differ by 9.5 points.
| Measure | AVSC | IWM |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.6% | +14.1% |
| Drawdown | ||
| Below its high | 5.0%, high on Aug 14, 2026 | 7.6%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.19% |
| Net assets, AVSC as of May 31, 2026 and IWM as of Oct 27, 2026 | $2.8bn | $75.5bn |
| Holdings | ||
| Holdings in common | 53% | |
| Top ten holdings, share of the fund | 3.4% | 3.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 21, 2022 to Oct 23, 2026 · 248 weekly returnsEach against its own benchmark: AVSC against IWM, Jan 21, 2022 to Oct 23, 2026; IWM against VTWO, Oct 1, 2010 to Oct 23, 2026.
AVSC returned more: +62.2% to +48.5%. AVSC and IWM swung about the same: 20.5% and 20.7%. IWM fell slightly less at its worst: −24.7% to −25.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AVSC | IWM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +62.2% | +48.5% | AVSC | Price change plus distributions, reinvested. |
| Annualized | +10.7% | +8.6% | AVSC | Total return as a yearly rate. |
| Price return | +52.9% | +40.0% | AVSC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.5% | 20.7% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 14.2% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −25.5% | −24.7% | IWM (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 96.8% | 101.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.9% | 100.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.40 | 0.30 | 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 | 0.106 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.42 | 0.35 | AVSC | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWM | VTWO | The ETF each fund is measured against. | |
| Alpha | +2.1% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.89 | −0.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.5% to +6.7% | −0.6% to +0.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.35 | −0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.2% | 1.0% | 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
By the books each fund has filed, AVSC and IWM hold 53% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
53% in common
Only in one fund ↓
Side by side
AVSC and IWM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVSC and IWM 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 IWM follows Russell 2000 Index.
- One-year total return. Over 1 year to Oct 28, 2026 AVSC returned +23.6% and IWM +14.1% with distributions reinvested, a gap of 9.5 points.
- Holdings in common (similar). 53% of the weight is in the same securities (holdings dated Oct 27, 2026).
Data as of Oct 28, 2026.
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AVSC
AVSC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +23.6% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000. 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.
IWM
IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AVSC or IWM?
- In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and IWM +14.1%.
- Which is cheaper, AVSC or IWM?
- IWM is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, AVSC against IWM, data as of Oct 28, 2026. https://etfiq.com/compare/any/avsc-vs-iwm
ETFIQ. (Oct 28, 2026). AVSC against IWM. Retrieved from https://etfiq.com/compare/any/avsc-vs-iwm
[AVSC against IWM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avsc-vs-iwm)
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