AVMV vs SPY
AVMV vs SPY
Avantis US Mid Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVMV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AVMV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $722M | $789.1B | |
| Dividend Yield | 1.05% | 1.01% | |
| Holdings | 313 | 505 | |
| YTD Return | +15.63% | +13.50% | |
| 1Y Return | +26.69% | +23.56% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -24.2% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | Jan 22, 1993 |
AVMV vs SPY Performance
Avantis US Mid Cap Value ETF (AVMV) 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 AVMV returned +26.69% while SPY returned +23.56%. Year to date, AVMV is up 15.63% versus a gain of 13.50% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.1% for AVMV. 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 -24.2% for AVMV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMV charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, AVMV currently yields 1.05% against 1.01% for SPY.
Holdings Overlap
AVMV and SPY share 104 holdings out of 686 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVMV | Weight in SPY | Difference |
|---|---|---|---|
| DVN | 1.57% | 0.07% | 1.50% |
| DAL | 1.41% | 0.09% | 1.32% |
| FLEX | 1.32% | 0.08% | 1.24% |
| ODFL | Pro | Pro | Pro |
| TRGP | Pro | Pro | Pro |
| AMP | Pro | Pro | Pro |
| NUE | Pro | Pro | Pro |
| STT | Pro | Pro | Pro |
| UAL | Pro | Pro | Pro |
| FAST | Pro | Pro | Pro |
See all 10 holdings AVMV 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, AVMV or SPY?
AVMV has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, AVMV or SPY?
Over the past year AVMV returned +26.69% vs +23.56% for SPY, so AVMV leads on 1-year performance. Over the longest common window we track (3 years), AVMV annualized +23.36% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AVMV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.1% for AVMV. Worst drawdown: AVMV -24.2% vs SPY -56.5%.
Should I hold both AVMV and SPY?
AVMV and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMV and SPY?
AVMV and SPY share 104 common holdings with a 4.3% weight overlap. Combined, they hold 686 unique securities.
Which pays a higher dividend, AVMV or SPY?
AVMV yields 1.05% while SPY yields 1.01%, so AVMV currently pays the higher dividend yield.
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