AVGE vs IVV
AVGE vs IVV
Avantis All Equity Markets ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AVGE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AVGE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 1.41% | 1.09% | |
| Holdings | 16 | 508 | |
| YTD Return | +17.53% | +13.52% | |
| 1Y Return | +31.13% | +23.63% | |
| 3Y Return (annualized) | +20.04% | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 13.7% | 15.1% | |
| Max Drawdown | -17.1% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | May 15, 2000 |
AVGE vs IVV Performance
Avantis All Equity Markets ETF (AVGE) is a ETF from Avantis Investors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AVGE returned +31.13% while IVV returned +23.63%. Year to date, AVGE is up 17.53% versus a gain of 13.52% for IVV.
Over three years, AVGE compounded at +20.04% per year against +21.26% for IVV. Across the full 4-year window we track, AVGE has the edge at +22.23% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.7% for AVGE. 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 -17.1% for AVGE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVGE charges 0.23% per year while IVV charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, AVGE currently yields 1.41% against 1.09% for IVV.
Holdings Overlap
AVGE and IVV share 0 holdings out of 520 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVGE or IVV?
AVGE has an expense ratio of 0.23% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, AVGE or IVV?
Over the past year AVGE returned +31.13% vs +23.63% for IVV, so AVGE leads on 1-year performance. Over the longest common window we track (4 years), AVGE annualized +22.23% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, AVGE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.7% for AVGE. Worst drawdown: AVGE -17.1% vs IVV -56.5%.
Should I hold both AVGE and IVV?
AVGE and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AVGE and IVV?
AVGE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, AVGE or IVV?
AVGE yields 1.41% while IVV yields 1.09%, so AVGE currently pays the higher dividend yield.
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