AVUV vs IWN
Avantis US Small Cap Value ETF vs iShares Russell 2000 Value ETF
Which is better, AVUV or IWN?
Nearly the same fund. IWN costs less.
IWN has a lower expense ratio. AVUV led over 1Y, 5Y and the full window, IWN over 3Y. The two have moved almost in lockstep, correlation 0.98. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 8.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVUV | IWN |
|---|---|---|
| Expense Ratio | 0.25% | 0.24%Best |
| AUM | $31.1B | $13.8B |
| Dividend Yield | 1.28% | 1.55% |
| Holdings | 796 | 1,393 |
| YTD Return | +16.69%Best | +14.77% |
| 1Y Return | +21.79%Best | +17.60% |
| 3Y Return (annualized) | +17.63% | +18.07%Best |
| 5Y Return (annualized) | +10.56%Best | +6.58% |
| Volatility (annualized) | 25.4% | 22.9%Best |
| Max Drawdown | -49.6% | -44.6%Best |
| $10,000 over 5 years | $16,519Best | $13,752 |
| Top 10 Weight | 8.2% | 5.4%Best |
| Fund Family | Avantis Investors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Small Cap Value |
| Inception | Sep 24, 2019 | Jul 24, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 26, 2019 to Oct 14, 2026 (7 years).
AVUV vs IWN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
AVUV vs IWN Performance
Avantis US Small Cap Value ETF (AVUV) is an ETF from Avantis Investors and iShares Russell 2000 Value ETF (IWN) is an ETF from iShares by BlackRock (US). Over the past year AVUV returned +21.79% while IWN returned +17.60%. Year to date, AVUV is up 16.69% versus a gain of 14.77% for IWN.
Over three years, AVUV compounded at +17.63% per year against +18.07% for IWN; over five years the annualized figures are +10.56% and +6.58% respectively. Across the full 7-year window we track, AVUV has the edge at +14.54% annualized vs +9.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVUV has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 22.9% for IWN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.6% for AVUV and -44.6% for IWN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVUV charges 0.25% per year while IWN charges 0.24%. On a $10,000 position that is $25 vs $24 annually, a gap of $1 per year that compounds over a long holding period. On income, AVUV currently yields 1.28% against 1.55% for IWN.
Holdings Overlap
58.2% of AVUV's money is in holdings IWN also owns. 40.2% of IWN's money is in holdings AVUV also owns.
The two portfolios partly overlap.
487 positions in common, counted across the 742 positions we hold weights for in AVUV and 1,290 in IWN, against full books of 796 and 1,393.
What only one of them owns
Our book lists 663 positions for IWN that do not appear in our book for AVUV (54.6% of the fund), and 200 for AVUV that do not appear in IWN (37.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AVUV | Weight in IWN | Difference |
|---|---|---|---|
| MATXMatson Inc | 1.07% | 0.46% | 0.61% |
| SMSm Energy | 0.86% | 0.55% | 0.31% |
| VSATViasat Inc | 0.79% | 0.61% | 0.18% |
| GATXGatx Corp | 0.86% | 0.38% | 0.48% |
| INSWInternational Seaways, Inc. | 0.65% | 0.33% | 0.32% |
| MURMurphy Oil Corp | 0.63% | 0.35% | 0.28% |
| CBTCabot Corp | 0.69% | 0.27% | 0.42% |
| SKYWSkywest Inc | 0.69% | 0.26% | 0.43% |
| PTENPatterson-Uti Energy Inc | 0.56% | 0.29% | 0.27% |
| CNOCno Financial Group Inc | 0.51% | 0.34% | 0.17% |
58.2% of AVUV is already inside IWN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVUV or IWN?
AVUV has an expense ratio of 0.25% while IWN charges 0.24%. IWN is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, AVUV or IWN?
Over the past year AVUV returned +21.79% vs +17.60% for IWN, so AVUV leads on 1-year performance. Over the longest common window we track (7 years), AVUV annualized +14.54% vs +9.70% for IWN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVUV or IWN?
AVUV has been the more volatile fund at 25.4% annualized versus 22.9% for IWN. Worst drawdown: AVUV -49.6% vs IWN -44.6%.
Should I hold both AVUV and IWN?
AVUV and IWN have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AVUV and IWN?
58.2% of AVUV's money is in holdings IWN also owns. 40.2% of IWN's is in holdings AVUV also owns. They hold 487 positions in common, counted across the 742 positions we hold weights for in AVUV and 1,290 in IWN.
Which pays a higher dividend, AVUV or IWN?
AVUV yields 1.28% while IWN yields 1.55%, so IWN currently pays the higher dividend yield.
Is IWN better than AVUV?
IWN has a lower expense ratio. AVUV led over 1Y, 5Y and the full window, IWN over 3Y. The two have moved almost in lockstep, correlation 0.98. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 8.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.