AVMC vs SPY
AVMC vs SPY
Avantis US Mid Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. AVMC offers more diversification with 593 holdings.
Side-by-Side Comparison
| Metric | AVMC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $470M | $789.1B | |
| Dividend Yield | 0.94% | 1.01% | |
| Holdings | 605 | 505 | |
| YTD Return | +14.04% | +13.79% | |
| 1Y Return | +22.91% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 14.2% | 15.3% | |
| Max Drawdown | -21.8% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | Jan 22, 1993 |
AVMC vs SPY Performance
Avantis US Mid Cap Equity ETF (AVMC) 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 AVMC returned +22.91% while SPY returned +23.66%. Year to date, AVMC is up 14.04% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.2% for AVMC. 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 -21.8% for AVMC 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMC charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, AVMC currently yields 0.94% against 1.01% for SPY.
Holdings Overlap
AVMC and SPY share 241 holdings out of 855 unique holdings combined, representing a 10.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVMC | Weight in SPY | Difference |
|---|---|---|---|
| WDC | 1.21% | 0.31% | 0.90% |
| DVN | 0.70% | 0.07% | 0.63% |
| VST | 0.64% | 0.08% | 0.56% |
| FIX | Pro | Pro | Pro |
| DAL | Pro | Pro | Pro |
| NUE | Pro | Pro | Pro |
| FLEX | Pro | Pro | Pro |
| STT | Pro | Pro | Pro |
| FITB | Pro | Pro | Pro |
| TER | Pro | Pro | Pro |
See all 10 holdings AVMC shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, AVMC or SPY?
AVMC has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, AVMC or SPY?
Over the past year AVMC returned +22.91% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), AVMC annualized +21.66% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AVMC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.2% for AVMC. Worst drawdown: AVMC -21.8% vs SPY -56.5%.
Should I hold both AVMC and SPY?
AVMC and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMC and SPY?
AVMC and SPY share 241 common holdings with a 10.6% weight overlap. Combined, they hold 855 unique securities.
Which pays a higher dividend, AVMC or SPY?
AVMC yields 0.94% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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