Avantis US Large Cap Value ETF (AVLV) 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 AVLV returned +36.66% while SPY returned +22.80%. Year to date, AVLV is up 22.50% versus a gain of 13.10% for SPY.

Over three years, AVLV compounded at +20.90% per year against +20.98% for SPY. Across the full 5-year window we track, AVLV has the edge at +15.01% annualized vs +8.83%. Past performance does not guarantee future results.

AVLV has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.3% for SPY. 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 -19.5% for AVLV 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 0.89. They usually move together, but the gap leaves some room for diversification.

AVLV charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, AVLV currently yields 1.07% against 1.01% for SPY.