What defines the core investment philosophy of these Avantis funds?

Both AVDV and AVUV focus on small-cap valuation strategies. Fund A targets international markets, while Fund B concentrates on US equities. The core philosophy involves selecting smaller companies with value characteristics. Investors should understand that these funds do not track broad market indices but rather specific factor-based methodologies. This approach aims to capture value premiums. The distinct geographic focus means they serve as complementary tools for diversifying a portfolio beyond standard large-cap holdings, offering exposure to different economic drivers and corporate behaviours.

Why is the lack of a tracked index significant for these ETFs?

For both AVDV and AVUV, the tracked index is listed as not available. This indicates an active or factor-based methodology rather than passive replication of a standard benchmark like the Russell 2000. Consequently, investors cannot easily compare performance against a traditional index. This requires understanding the specific value screens used by Avantis. The absence of a public benchmark index means transparency is lower compared to passive funds, necessitating reliance on factor analysis to judge potential outcomes.

How do inception dates impact the historical performance data?

Both funds share the same inception date of 24 September 2019. This identical start time allows for a direct side-by-side comparison of their performance over the same market cycles. Investors can observe how each fund has reacted to similar economic conditions, such as rising interest rates or inflationary pressures, without time-lag biases. This shared history helps in assessing relative volatility and factor performance consistency between the international and domestic small-cap value strategies.

How do the expense ratios of AVDV and AVUV compare?

AVUV has a notably lower expense ratio of 0.25% compared to AVDV's 0.36%. This creates a difference of 0.11 percentage points. For a $10,000 investment, the annual cost difference is $11. While this may seem small, fee differences accumulate over time through compounding. Investors should weigh this cost against the specific exposure provided. The lower fee in Fund B reflects domestic operational efficiencies, whereas Fund A incurs higher costs due to international market complexities.

What is the impact of liquidity on these ETFs?

Both funds exhibit strong liquidity. AVUV holds $30.9 billion in net assets, while AVDV holds $20.5 billion. These substantial asset bases ensure sufficient trading volumes for most investors. High net assets generally reduce the risk of wide bid-ask spreads and facilitate smoother entry and exit. Despite the difference in total assets, both are large enough to provide stable operations and reliable market access, minimizing concerns about trading execution for typical portfolio sizes.

Are there any overlapping holdings between the two funds?

Based on the top holdings data, there are no shared stocks among the top ten positions. AVDV lists companies like CDE and SSRM, while AVUV features MATX and GATX. This complete lack of top-level overlap confirms the distinct geographic separation between international and US markets. It supports the notion that these funds serve different diversification purposes. Investors can combine them to hold two separate portfolios of value-oriented small-cap companies without significant duplication.

Which investing goals are typically associated with each fund?

AVUV is typically associated with domestic small-cap value allocation, targeting the US economy's smaller enterprises. AVDV is associated with international small-cap value exposure, capturing opportunities outside the US. Neither fund is recommended for one goal over the other; they address different geographic scopes. An investor seeking total market value exposure might use both to cover distinct regions. Understanding these geographic mandates helps align the funds with specific regional economic outlooks.

How do the dividend yields differ between these funds?

AVDV offers a dividend yield of 3.07%, significantly higher than AVUV's 1.24%. This reflects the tendency for international small-cap value stocks to pay larger dividends compared to many US growth-oriented or smaller-value peers. Higher yields provide more current income, but may impact total return composition. Investors seeking cash flow might lean towards AVDV, while those prioritising domestic price appreciation dynamics may prefer AVUV, depending on their income versus growth preferences.

How do single-stock concentrations affect risk?

Both funds exhibit modest single-stock concentrations. AVUV's highest weight is 1.10% in MATX, while AVDV's highest is 0.60% in CDE. These low percentages indicate a diversified portfolio approach within each fund. However, exposure to individual company events remains. Investors should note that no specific sector weights are available, making it harder to assess industry concentration risks. The broad diversification helps mitigate the impact of any single company's poor performance on the overall fund.

What are the limitations regarding sector exposure transparency?

Sector weights are listed as not available for both AVDV and AVUV. This limits the ability to analyse how diversified each fund is across industries like technology, healthcare, or industrials. Without this data, investors cannot confirm if either fund has unintended sector bets. This opacity is a factor in the active or factor-based nature of the funds. Users must rely on the geographic and valuation factors as primary drivers of exposure rather than sector allocation.

How should beginners interpret the 'not available' index data?

When an index is 'not available', it suggests the fund follows a proprietary methodology rather than tracking a public benchmark. Beginners should focus on the fund's stated objectives, such as small-cap value. It is not possible to compare tracking error against a standard index. Instead, evaluate the expense ratio and net assets as proxies for operational quality. Accept that performance will be judged against peer funds using the same factor strategy, not the broader market.

Is this comparison page financial advice?

This content is strictly educational. It provides factual data from Yahoo Finance fetched on 22 September 2026 regarding fees, assets, and holdings. It does not constitute financial advice or a recommendation to buy or sell AVDV or AVUV. Investors should consult a qualified financial advisor before making investment decisions. Personal circumstances, risk tolerance, and investment objectives vary. The data presented is static and does not reflect real-time price movements or future performance guarantees.

AVDV vs AVUV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare AVDV and AVUV, Avantis' international and US small cap valuation funds. This page analyses fees, holdings, dividends, and market tracking. Explore differences in cost, yield, and portfolio construction for informed decisions. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVDV

Metric

AVUV

0.36%

Expense Ratio

0.25%

3.07%

Dividend Yield

1.24%

$20.46B

Net Assets

$30.93B

1,745

Holdings

798

Sep 24, 2019

Inception Date

Sep 24, 2019

–

Index Tracked

–

Foreign Small/Mid Value

Fund Category

Small Value

AVUV costs about $11.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

AVDV

Pros

AVDV holds $20.5 billion in net assets, providing sufficient liquidity for trading.
Its 3.07% dividend yield offers attractive income generation for investors.
The $0.36% expense ratio reflects a reasonable cost structure for this international fund.

Considerations

The $0.36% expense ratio is higher than many domestic alternatives.
Concentration in holdings like CDE at 0.60% exposes the fund to single-stock risks.
The specific index tracked is not available, making performance benchmarking difficult.

AVUV

Pros

AVUV's $0.25% expense ratio is notably cost-efficient for a small-cap value ETF.
Net assets of $30.9 billion ensure high liquidity and stable fund operations.
Focused on U.S. small caps, it provides direct access to this market segment.

Considerations

A 1.24% dividend yield is relatively low compared to international value funds.
Highest concentration weight of 1.10% in MATX presents modest single-stock exposure.
The tracked index is not available, limiting transparency on benchmark methodology.

About AVDV and AVUV

AVDV (AVDV)

The Avantis International Small Cap Valuation ETF is an exchange-traded fund designed for investors looking to access small-cap companies located outside the United States. Launched in September 2019, this fund falls within the Foreign Small/Mid Value category and currently holds a substantial net asset value of approximately USD 20.46 billion. It maintains a diversified portfolio of 1,745 holdings, offering broad exposure to the international small-cap value sector. Investors should be aware that the fund operates with an expense ratio of 0.36% and currently provides a dividend yield of 3.07%. As with any investment focused on smaller companies and international markets, value can fluctuate based on market conditions and economic factors. This ETF is intended for those seeking diversification beyond domestic markets, though returns are not guaranteed and capital is at risk.

AVUV (AVUV)

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund designed to provide investors with exposure to small-cap value stocks within the United States. Managed by American Century ETF Trust, this fund employs a systematic approach to select holdings that exhibit characteristics of the value factor, such as high book-to-price ratios and low earnings yields, alongside small size. With an inception date in September 2019, AVUV has rapidly grown to hold net assets of approximately USD 30.93 billion. It maintains a competitive expense ratio of 0.25%, aiming to offer cost-effective access to this specific market segment. The fund currently holds 798 distinct securities and has a dividend yield of 1.24%. Investors considering AVUV should be aware that small-cap value stocks can experience greater volatility compared to large-cap growth equities. While the strategy seeks to capture potential long-term returns associated with these factors, past performance is not a reliable indicator of future results, and the value of investments can go down as well as up.

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AVDV vs AVUV

Fund Snapshot