AVGV vs SPY
AVGV vs SPY
Avantis All Equity Markets Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVGV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AVGV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.09% | |
| AUM | $414M | $789.1B | |
| Dividend Yield | 1.64% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +19.38% | +13.79% | |
| 1Y Return | +34.39% | +23.66% | |
| 3Y Return (annualized) | +20.65% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 12.8% | 15.3% | |
| Max Drawdown | -17.0% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Jan 22, 1993 |
AVGV vs SPY Performance
Avantis All Equity Markets Value ETF (AVGV) 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 AVGV returned +34.39% while SPY returned +23.66%. Year to date, AVGV is up 19.38% versus a gain of 13.79% for SPY.
Over three years, AVGV compounded at +20.65% per year against +21.40% for SPY. Across the full 3-year window we track, AVGV has the edge at +21.62% annualized vs +8.85%. 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 12.8% for AVGV. 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 -17.0% for AVGV 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVGV charges 0.26% per year while SPY charges 0.09%. On a $10,000 position that is $26 vs $9 annually, a gap of $17 per year that compounds over a long holding period. On income, AVGV currently yields 1.64% against 1.01% for SPY.
Holdings Overlap
AVGV and SPY share 0 holdings out of 510 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, AVGV or SPY?
AVGV has an expense ratio of 0.26% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AVGV or SPY?
Over the past year AVGV returned +34.39% vs +23.66% for SPY, so AVGV leads on 1-year performance. Over the longest common window we track (3 years), AVGV annualized +21.62% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AVGV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for AVGV. Worst drawdown: AVGV -17.0% vs SPY -56.5%.
Should I hold both AVGV and SPY?
AVGV and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVGV and SPY?
AVGV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, AVGV or SPY?
AVGV yields 1.64% while SPY yields 1.01%, so AVGV currently pays the higher dividend yield.
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