AVDE vs SPY
Avantis International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVDE delivered stronger 1-year returns. AVDE offers more diversification with 3,289 holdings.
Side-by-Side Comparison
| Metric | AVDE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.09% | |
| AUM | $19.0B | $821.1B | |
| Dividend Yield | 2.40% | 1.01% | |
| Holdings | 3,289 | 505 | |
| YTD Return | +14.20% | +13.17% | |
| 1Y Return | +25.03% | +21.53% | |
| 3Y Return (annualized) | +21.57% | +22.06% | |
| 5Y Return (annualized) | +11.24% | +13.35% | |
| Volatility (annualized) | 17.2% | 15.3% | |
| Max Drawdown | -37.0% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 24, 2019 | Jan 22, 1993 |
AVDE vs SPY Performance
Avantis International Equity ETF (AVDE) 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 AVDE returned +25.03% while SPY returned +21.53%. Year to date, AVDE is up 14.20% versus a gain of 13.17% for SPY.
Over three years, AVDE compounded at +21.57% per year against +22.06% for SPY; over five years the annualized figures are +11.24% and +13.35% respectively. Across the full 7-year window we track, AVDE has the edge at +11.92% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVDE has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -37.0% for AVDE 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVDE charges 0.23% per year while SPY charges 0.09%. On a $10,000 position that is $23 vs $9 annually, a gap of $14 per year that compounds over a long holding period. On income, AVDE currently yields 2.40% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AVDE or SPY?
AVDE has an expense ratio of 0.23% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, AVDE or SPY?
Over the past year AVDE returned +25.03% vs +21.53% for SPY, so AVDE leads on 1-year performance. Over the longest common window we track (7 years), AVDE annualized +11.92% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, AVDE or SPY?
AVDE has been the more volatile fund at 17.2% annualized versus 15.3% for SPY. Worst drawdown: AVDE -37.0% vs SPY -56.5%.
Should I hold both AVDE and SPY?
AVDE and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVDE and SPY?
AVDE and SPY share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1926 unique securities.
Which pays a higher dividend, AVDE or SPY?
AVDE yields 2.40% while SPY yields 1.01%, so AVDE currently pays the higher dividend yield.
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