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

In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and SPSM +17.6%.

Which is cheaper, AVSC or SPSM?

SPSM is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

AVSC vs SPSM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVSC returned +23.6% to SPSM's +17.6%; 52% 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 $16.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 600 Small Cap ETF.

AVSC on its own →SPSM on its own →

At a glance

+23.6%

AVSC total return, 1 year

+17.6%

SPSM total return, 1 year

0.25%

AVSC expense ratio

0.03%

SPSM expense ratio

Pair scorecard

SPSM costs 0.22 points a year less; their one-year returns differ by 6.0 points.

AVSC vs SPSM: Differences, Returns & Fees
Measure	AVSC	SPSM
Return
Measure	AVSC	SPSM
Total return, 1 year	+23.6%	+17.6%
Drawdown
Measure	AVSC	SPSM
Below its high	5.0%, high on Aug 14, 2026	6.7%, high on Aug 14, 2026
Benchmark
Measure	AVSC	SPSM
What it tracks	No index, actively managed	S&P SmallCap 600 Index
Cost and size
Measure	AVSC	SPSM
Expense ratio	0.25%	0.03%
Net assets, AVSC as of May 31, 2026 and SPSM as of Oct 27, 2026	$2.8bn	$16.0bn
Holdings
Measure	AVSC	SPSM
Holdings in common	52%
Top ten holdings, share of the fund	3.4%	5.3%

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

Risk and return

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

AVSC SPSM

Return

Total return edge AVSC +62.2% +42.0%

Annualized edge AVSC +10.7% +7.6%

Price return edge AVSC +52.9% +31.3%

Risk

Volatility edge SPSM (slight) 20.5% 19.7%

Max drawdown edge SPSM (slight) −25.5% −24.2%

Downside capture 96.9% 100.3%

Beta 0.96 1.00

Risk-adjusted

Sharpe edge AVSC 0.40 0.26

Sortino edge AVSC 0.58 0.38

Treynor 0.085 0.091

Calmar edge AVSC 0.42 0.31

Against the benchmark

Alpha +2.1% a year −0.5% a year

Alpha t-stat 0.89 −0.73

Information ratio 0.35 −0.20

Tracking error 5.2% 2.4%

Each against its own benchmark: AVSC against IWM, Jan 21, 2022 to Oct 23, 2026; SPSM against IJR, Jul 19, 2013 to Oct 23, 2026.

Reading

AVSC returned more: +62.2% to +42.0%. SPSM swung slightly less: 19.7% to 20.5%. SPSM fell slightly less at its worst: −24.2% to −25.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AVSC vs SPSM: Differences, Returns & Fees
Measure	AVSC	SPSM	Edge	How it is measured
Return
Total return	+62.2%	+42.0%	AVSC	Price change plus distributions, reinvested.
Annualized	+10.7%	+7.6%	AVSC	Total return as a yearly rate.
Price return	+52.9%	+31.3%	AVSC	Price change alone, distributions left out.
Risk
Volatility	20.5%	19.7%	SPSM (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.0%	13.5%	SPSM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−25.5%	−24.2%	SPSM (slight)	Deepest fall from a high to the low after it.
Upside capture	96.8%	99.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	96.9%	100.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.96	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.94	0.99	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.40	0.26	AVSC	Return above Treasury bills per unit of volatility.
Sortino	0.58	0.38	AVSC	Return above Treasury bills per unit of downside deviation.
Treynor	0.085	0.091		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	IJR		The ETF each fund is measured against.
Alpha	+2.1% a year	−0.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.89	−0.73	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.5% to +6.7%	−1.8% to +0.8%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.35	−0.20		Return against its benchmark per unit of tracking error.
Tracking error	5.2%	2.4%	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

52%

By the books each fund has filed, AVSC and SPSM hold 52% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

52% in common

Positions both hold · largest shared weight first AVSC SPSM

FRONTDOOR INC COMMON STOCK USD.01 0.31% 0.33%

TENABLE HOLDINGS INC COMMON STOCK USD.01 0.37% 0.31%

CHEESECAKE FACTORY INC/THE COMMON STOCK USD.01 0.31% 0.28%

MATERION CORP COMMON STOCK 0.30% 0.28%

CONCENTRA GROUP HOLDINGS PAR COMMON STOCK USD.01 0.33% 0.27%

EASTERN BANKSHARES INC COMMON STOCK USD.01 0.28% 0.27%

INSIGHT ENTERPRISES INC COMMON STOCK USD.01 0.27% 0.30%

IRIDIUM COMMUNICATIONS INC COMMON STOCK USD.001 0.27% 0.28%

PATTERSON UTI ENERGY INC COMMON STOCK USD.01 0.29% 0.27%

INTERNATIONAL SEAWAYS INC COMMON STOCK 0.33% 0.27%

ACI WORLDWIDE INC COMMON STOCK USD.005 0.26% 0.32%

LAUREATE EDUCATION INC COMMON STOCK USD.001 0.26% 0.27%

Only in one fund ↓

Only in AVSC

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%

SCIENCE APPLICATIONS INTE COMMON STOCK USD.0001 0.33%

IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 0.32%

LIVANOVA PLC COMMON STOCK GBP1.0 0.32%

PLAINS GP HOLDINGS LP LTD PART 0.31%

MURPHY OIL CORP COMMON STOCK USD1.0 0.30%

Only in SPSM

GLAUKOS CORP 0.61%

PAYCOM SOFTWARE INC 0.58%

MATCH GROUP INC 0.57%

VIASAT INC 0.56%

SM ENERGY CO 0.53%

PROTAGONIST THERAPEUTICS INC 0.52%

RYMAN HOSPITALITY PROPERTIES 0.52%

JACKSON FINANCIAL INC A 0.48%

Check overlap with more funds →

Side by side

AVSC Avantis U.S. Small Cap Equity ETF SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis State Street

What it is Actively managed Tracks an index

Total return, 1 year +23.6% +17.6%

Its benchmark over the same days +14.1% (IWM) +17.5% (IJR)

Gap to its benchmark +9.5 pts vs IWM +0.1 pts vs IJR

Expense ratio 0.25% 0.03%

Already in the S&P 500 0.0% 0.0%

Holdings 1540 609

Net assets, AVSC as of May 31, 2026 and SPSM as of Oct 27, 2026 $2.8bn $16.0bn

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

Client brief · page 1 of 2 Report BR-11D5EBADE3

AVSC and SPSM 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 SPSM follows S&P SmallCap 600 Index.
One-year total return. Over 1 year to Oct 28, 2026 AVSC returned +23.6% and SPSM +17.6% with distributions reinvested, a gap of 6.0 points.
Cost. AVSC charges 0.25% of assets a year and SPSM 0.03%, a gap of 0.22 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.

SPSM

SPSM tracks an index. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested, against +17.5% for its benchmark, the S&P SmallCap 600 Index. The prospectus expense ratio is 0.03% 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 609 positions, with the top ten at 5.3%. It sat 6.7% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AVSC or SPSM?: In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and SPSM +17.6%.
Which is cheaper, AVSC or SPSM?: SPSM is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVSC and SPSM overlap with the S&P 500?: By their latest filed holdings, 0% of AVSC and 0% of SPSM by weight is stocks the S&P 500 already holds.

Other comparisons

AVSC vs VTWO AVSC vs SCHA AVSC vs SDVY AVSC vs FNDA SPSM vs XSMO PSC vs SPSM ESML vs SPSM BBMC vs SPSM

Where to next

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

Sources and dates

AVSC filings on SEC EDGAR ↗

AVSC prospectus with the expense ratio (SEC) ↗

Avantis website ↗

SPSM filings on SEC EDGAR ↗

SPSM prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 SPSM, data as of Oct 28, 2026. https://etfiq.com/compare/any/avsc-vs-spsm

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