AVGE vs SPY
AVGE vs SPY
Avantis All Equity Markets ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVGE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AVGE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.09% | |
| AUM | $1.1B | $789.1B | |
| Dividend Yield | 1.41% | 1.01% | |
| Holdings | 16 | 505 | |
| YTD Return | +15.82% | +11.49% | |
| 1Y Return | +29.23% | +21.37% | |
| 3Y Return (annualized) | +19.72% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 13.7% | 15.3% | |
| Max Drawdown | -17.1% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Jan 22, 1993 |
AVGE vs SPY Performance
Avantis All Equity Markets ETF (AVGE) is a ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AVGE returned +29.23% while SPY returned +21.37%. Year to date, AVGE is up 15.82% versus a gain of 11.49% for SPY.
Over three years, AVGE compounded at +19.72% per year against +20.76% for SPY. Across the full 4-year window we track, AVGE has the edge at +21.78% annualized vs +8.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $23 vs $9 annually, a gap of $14 per year that compounds over a long holding period. On income, AVGE currently yields 1.41% against 1.01% for SPY.
Holdings Overlap
AVGE and SPY share 0 holdings out of 518 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 SPY?
AVGE has an expense ratio of 0.23% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, AVGE or SPY?
Over the past year AVGE returned +29.23% vs +21.37% for SPY, so AVGE leads on 1-year performance. Over the longest common window we track (4 years), AVGE annualized +21.78% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, AVGE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.7% for AVGE. Worst drawdown: AVGE -17.1% vs SPY -56.5%.
Should I hold both AVGE and SPY?
AVGE and SPY 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 SPY?
AVGE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, AVGE or SPY?
AVGE yields 1.41% while SPY yields 1.01%, so AVGE currently pays the higher dividend yield.
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