AVDV vs AVUV: 1% overlap
Avantis International Small Cap Value ETF and Avantis U.S. Small Cap Value ETF share 0.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVDV and AVUV hold 18 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVDV | in AVUV | Δ |
|---|---|---|---|
| CASH | 1.2% | 0.3% | 0.9% |
| PLUS | 0.3% | 0.3% | 0.0% |
| SFL | 0.0% | 0.1% | 0.1% |
| NHC | 0.2% | 0.0% | 0.2% |
| ACT | 0.0% | 0.1% | 0.1% |
| ASB | 0.0% | 0.3% | 0.2% |
| NEU | 0.0% | 0.3% | 0.3% |
| NIC | 0.0% | 0.0% | 0.0% |
| GCT | 0.0% | 0.0% | 0.0% |
| ASC | 0.0% | 0.1% | 0.1% |
Where AVDV and AVUV differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AVDV | AVUV | Δ |
|---|---|---|---|
| Unclassified | 20.7% | 3.5% | +17.2pp |
| Energy | 5.1% | 16.8% | −11.7pp |
| Materials | 15.6% | 4.4% | +11.3pp |
| Financials | 14.1% | 24.1% | −10.0pp |
| Consumer Discretionary | 10.6% | 16.9% | −6.3pp |
| Health Care | 1.8% | 3.5% | −1.7pp |
| Industrials | 18.9% | 17.3% | +1.6pp |
| Utilities | 1.9% | 0.9% | +1.0pp |
Δ is AVDV minus AVUV, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
99.1% of AVDV by weight, held in no part of AVUV.
97.5% of AVUV by weight, held in no part of AVDV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVDV | AVUV | |
|---|---|---|
| Top 10 holdings | 9.0% | 8.5% |
| Positions held | 1,646 | 774 |
| Cost per $10,000 held, per year | $36 | $25 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AVDV and AVUV overlap?
AVDV and AVUV overlap 0.8% by portfolio weight — largely distinct portfolios. They share 18 holdings. The figure comes from current issuer holdings files (AVDV as of 2026-02-28, AVUV as of 2026-02-28).
How is the overlap between AVDV and AVUV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVDV holds a stock at 6% and AVUV holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AVDV and AVUV?
That depends on your goals — we state facts, not advice. At 0.8% overlap, each fund still contributes meaningfully distinct exposure.
What does AVDV own that AVUV doesn't?
AVDV holds 1,646 positions and AVUV holds 774; 1,628 of AVDV's positions don't appear in AVUV at all, and they are 99.1% of AVDV by weight.
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Related comparisons
Sources: issuer holdings files, AVDV as of 2026-02-28, AVUV as of 2026-02-28. Weights are fractions of each fund. Diagnostics, not advice.