Data as of Oct 28, 2026.
AVUV vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVUV returned +25.1% to USMV's +10.8%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $32.1bn for Avantis U.S. Small Cap Value ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.10 points a year less; their one-year returns differ by 14.3 points; AVUV is 1.3 times larger.
| Measure | AVUV | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.1% | +10.8% |
| Drawdown | ||
| Below its high | 4.4%, high on Aug 4, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.15% |
| Net assets, as of Oct 27, 2026 | $32.1bn | $24.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 7.9% | 14.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 4, 2019 to Oct 23, 2026 · 368 weekly returnsAVUV returned more: +180.4% to +81.0%. USMV swung less: 16.3% to 27.5%. USMV fell less at its worst: −30.6% to −48.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVUV | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +180.4% | +81.0% | AVUV | Price change plus distributions, reinvested. |
| Annualized | +15.7% | +8.7% | AVUV | Total return as a yearly rate. |
| Price return | +150.6% | +60.8% | AVUV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 27.5% | 16.3% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 18.9% | 11.7% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −48.5% | −30.6% | USMV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.42 | AVUV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.82 | 0.59 | AVUV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.32 | 0.29 | AVUV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 368 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AVUV and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AVUV and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVUV and USMV do different jobs. What does each one do in a portfolio?
- What each follows. AVUV follows No index, actively managed and USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVUV returned +25.1% and USMV +10.8% with distributions reinvested, a gap of 14.3 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +25.1% with distributions reinvested, against +21.1% for its benchmark, the Russell 2000 Value.
AVUV 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 791 positions, with the top ten at 7.9%. It sat 4.4% below its high of Aug 4, 2026 on Oct 28, 2026.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, AVUV or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, AVUV returned +25.1% and USMV +10.8%.
- Which is cheaper, AVUV or USMV?
- USMV is cheaper, by 0.10 percentage points a year. That is about $10 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, AVUV against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/avuv-vs-usmv
ETFIQ. (Oct 28, 2026). AVUV against USMV. Retrieved from https://etfiq.com/compare/any/avuv-vs-usmv
[AVUV against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avuv-vs-usmv)
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