AVSC
Avantis U.S. Small Cap Equity ETF
stock NYSE ETF

AVSC is small cap blend fund. Not pure value, but will have some overlap with AVUV.
Boht funds should have the usual Avantis secret sauce. Quality filters affecting the weights. A bit of momentum.
For long buy and hold the AUM should not be a big deal. Avantis funds are pretty sound, they are not going to 0 and liquidating. And... for a small cap funds you want the AUM to stay low in proportion to the market. Or else you run into the Warren Buffet Berkshire problem. He has so much money he CAN'T invest in small cap because the amount he has to invest (to move a needle) is worth more than the entire small cap sector itself! We kinda sorta need small cap to remain a niche area of the market for elite investors only. Save some shares for the rest of us.

A while back I changed my simple IRA holdings from mutual funds (which just seem to have stagnated) into a portfolio based on ETFs where I have AVLV, VT, and some SMH. I wanted a small cap value ETF, so I picked AVSC although I had been at AVUV, as well. AVSC and AVUV seemed to perform similarly, so I thought that between the two it would be kind of a coin-flip.
The only differences I see between them (other than getting into specifics of their holdings) is the AVUV has like 10x more assets under management and a daily trade volume that's like 8x higher than AVSC.
If I just want portfolio representation in small cap value, is there any reason I should change out AVSC for AVUV? To what extent should I consider things like AUM and daily volume?
Also, thinking about reducing the SMH component (it's currently ~20%) of my IRA. It's made money, but I'm concerned about...the world...and thinking a more defensive play (i.e. into *value*, for example) isn't a terrible idea.
Comments appreciated!

AVSC is small cap blend fund. Not pure value, but will have some overlap with AVUV.
Boht funds should have the usual Avantis secret sauce. Quality filters affecting the weights. A bit of momentum.
For long buy and hold the AUM should not be a big deal. Avantis funds are pretty sound, they are not going to 0 and liquidating. And... for a small cap funds you want the AUM to stay low in proportion to the market. Or else you run into the Warren Buffet Berkshire problem. He has so much money he CAN'T invest in small cap because the amount he has to invest (to move a needle) is worth more than the entire small cap sector itself! We kinda sorta need small cap to remain a niche area of the market for elite investors only. Save some shares for the rest of us.

A while back I changed my simple IRA holdings from mutual funds (which just seem to have stagnated) into a portfolio based on ETFs where I have AVLV, VT, and some SMH. I wanted a small cap value ETF, so I picked AVSC although I had been at AVUV, as well. AVSC and AVUV seemed to perform similarly, so I thought that between the two it would be kind of a coin-flip.
The only differences I see between them (other than getting into specifics of their holdings) is the AVUV has like 10x more assets under management and a daily trade volume that's like 8x higher than AVSC.
If I just want portfolio representation in small cap value, is there any reason I should change out AVSC for AVUV? To what extent should I consider things like AUM and daily volume?
Also, thinking about reducing the SMH component (it's currently ~20%) of my IRA. It's made money, but I'm concerned about...the world...and thinking a more defensive play (i.e. into *value*, for example) isn't a terrible idea.
Comments appreciated!