AVDV vs SPY
Avantis International Small Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVDV or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. AVDV led over 1Y, 3Y and 5Y, SPY over the full window. AVDV is less concentrated, with 6.8% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVDV | SPY |
|---|---|---|
| Expense Ratio | 0.36% | 0.09%Best |
| AUM | $20.4B | $814.4B |
| Dividend Yield | 2.77% | 1.01% |
| Holdings | 1,704 | 505 |
| YTD Return | +20.22%Best | +12.71% |
| 1Y Return | +32.37%Best | +19.36% |
| 3Y Return (annualized) | +28.45%Best | +21.09% |
| 5Y Return (annualized) | +14.88%Best | +12.69% |
| Volatility (annualized) | 20.0% | 16.6%Best |
| Max Drawdown | -43.0% | -34.1%Best |
| $10,000 over 5 years | $20,009Best | $18,173 |
| Top 10 Weight | 6.8%Best | 38.0% |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Sep 24, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 26, 2019 to Sep 8, 2026 (7 years).
AVDV vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
AVDV vs SPY Performance
Avantis International Small Cap Value ETF (AVDV) is an ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AVDV returned +32.37% while SPY returned +19.36%. Year to date, AVDV is up 20.22% versus a gain of 12.71% for SPY.
Over three years, AVDV compounded at +28.45% per year against +21.09% for SPY; over five years the annualized figures are +14.88% and +12.69% respectively. Across the full 7-year window we track, SPY has the edge at +15.83% annualized vs +15.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVDV has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 16.6% 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 -43.0% for AVDV and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVDV charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, AVDV currently yields 2.77% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 1,240 holdings in AVDV and 503 in SPY, totalling 96.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1,240 positions we hold weights for in AVDV and 503 in SPY, against full books of 1,704 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for AVDV (99.4% of the fund), and 10 for AVDV that do not appear in SPY (2.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of AVDV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVDV or SPY?
AVDV has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, AVDV or SPY?
Over the past year AVDV returned +32.37% vs +19.36% for SPY, so AVDV leads on 1-year performance. Over the longest common window we track (7 years), AVDV annualized +15.45% vs +15.83% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVDV or SPY?
AVDV has been the more volatile fund at 20.0% annualized versus 16.6% for SPY. Worst drawdown: AVDV -43.0% vs SPY -34.1%.
Should I hold both AVDV and SPY?
AVDV and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVDV or SPY?
AVDV yields 2.77% while SPY yields 1.01%, so AVDV currently pays the higher dividend yield.
Is SPY better than AVDV?
SPY has a lower expense ratio. AVDV led over 1Y, 3Y and 5Y, SPY over the full window. AVDV is less concentrated, with 6.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.