AVUV from Avantis has outperformed the S&P since its opening in 2020. It recently dipped below the S&P for a brief moment before skyrocketing back above it. AVUV is not strictly a small cap fund because screens for value, profitability and momentum exposure. The recent surge in small caps has shown that diversified exposure to equities factors not present in the S&P 500 can be beneficial for those investing with long time horizons. Choosing funds with higher expected returns like AVUV might be difficult when the Mag 7 is driving the market, but you'll be very happy with your portfolio at times like this.