AVNV vs SPY
AVNV vs SPY
Avantis All International Markets Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVNV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AVNV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.09% | |
| AUM | $64M | $789.1B | |
| Dividend Yield | 2.67% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +13.67% | +13.50% | |
| 1Y Return | +31.02% | +23.56% | |
| 3Y Return (annualized) | +21.33% | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 12.5% | 15.3% | |
| Max Drawdown | -13.9% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Jan 22, 1993 |
AVNV vs SPY Performance
Avantis All International Markets Value ETF (AVNV) 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 AVNV returned +31.02% while SPY returned +23.56%. Year to date, AVNV is up 13.67% versus a gain of 13.50% for SPY.
Over three years, AVNV compounded at +21.33% per year against +21.17% for SPY. Across the full 3-year window we track, AVNV has the edge at +22.13% 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 12.5% for AVNV. 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 -13.9% for AVNV 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVNV charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, AVNV currently yields 2.67% against 1.01% for SPY.
Holdings Overlap
AVNV and SPY share 0 holdings out of 507 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, AVNV or SPY?
AVNV has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, AVNV or SPY?
Over the past year AVNV returned +31.02% vs +23.56% for SPY, so AVNV leads on 1-year performance. Over the longest common window we track (3 years), AVNV annualized +22.13% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AVNV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.5% for AVNV. Worst drawdown: AVNV -13.9% vs SPY -56.5%.
Should I hold both AVNV and SPY?
AVNV and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNV and SPY?
AVNV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, AVNV or SPY?
AVNV yields 2.67% while SPY yields 1.01%, so AVNV currently pays the higher dividend yield.
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