AAVM vs IVV
Alpha Architect Global Factor Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AAVM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAVM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $25M | $865.2B | |
| Dividend Yield | 1.80% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +16.25% | +14.50% | |
| 1Y Return | +27.32% | +22.02% | |
| 3Y Return (annualized) | +18.10% | +21.80% | |
| 5Y Return (annualized) | +6.83% | +13.37% | |
| Volatility (annualized) | 12.9% | 15.1% | |
| Max Drawdown | -34.7% | -56.5% | |
| Fund Family | Alpha Architect | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 2, 2017 | May 15, 2000 |
AAVM vs IVV Performance
Alpha Architect Global Factor Equity ETF (AAVM) is a ETF from Alpha Architect and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AAVM returned +27.32% while IVV returned +22.02%. Year to date, AAVM is up 16.25% versus a gain of 14.50% for IVV.
Over three years, AAVM compounded at +18.10% per year against +21.80% for IVV; over five years the annualized figures are +6.83% and +13.37% respectively. Across the full 9-year window we track, IVV has the edge at +7.07% annualized vs +5.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.9% for AAVM. 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 -34.7% for AAVM and -56.5% for IVV. 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
AAVM charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, AAVM currently yields 1.80% against 1.09% for IVV.
Holdings Overlap
AAVM and IVV 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, AAVM or IVV?
AAVM has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, AAVM or IVV?
Over the past year AAVM returned +27.32% vs +22.02% for IVV, so AAVM leads on 1-year performance. Over the longest common window we track (9 years), AAVM annualized +5.33% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, AAVM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.9% for AAVM. Worst drawdown: AAVM -34.7% vs IVV -56.5%.
Should I hold both AAVM and IVV?
AAVM and IVV 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 AAVM and IVV?
AAVM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, AAVM or IVV?
AAVM yields 1.80% while IVV yields 1.09%, so AAVM currently pays the higher dividend yield.
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