AVEE vs IVV
Avantis Emerging Markets Small Cap Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. AVEE offers more diversification with 2,833 holdings.
Side-by-Side Comparison
| Metric | AVEE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | |
| AUM | $123M | $907.0B | |
| Dividend Yield | 2.44% | 1.10% | |
| Holdings | 2,833 | 508 | |
| YTD Return | +9.62% | +13.74% | |
| 1Y Return | +12.47% | +21.54% | |
| 3Y Return (annualized) | - | +22.61% | |
| 5Y Return (annualized) | - | +13.31% | |
| Volatility (annualized) | 14.9% | 15.1% | |
| Max Drawdown | -20.2% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | May 15, 2000 |
AVEE vs IVV Performance
Avantis Emerging Markets Small Cap Equity ETF (AVEE) is a ETF from Avantis Investors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AVEE returned +12.47% while IVV returned +21.54%. Year to date, AVEE is up 9.62% versus a gain of 13.74% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for AVEE. 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 -20.2% for AVEE 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVEE charges 0.42% per year while IVV charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, AVEE currently yields 2.44% against 1.10% for IVV.
Holdings Overlap
AVEE and IVV share 0 holdings out of 2182 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, AVEE or IVV?
AVEE has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, AVEE or IVV?
Over the past year AVEE returned +12.47% vs +21.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), AVEE annualized +14.90% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, AVEE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for AVEE. Worst drawdown: AVEE -20.2% vs IVV -56.5%.
Should I hold both AVEE and IVV?
AVEE and IVV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVEE and IVV?
AVEE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2182 unique securities.
Which pays a higher dividend, AVEE or IVV?
AVEE yields 2.44% while IVV yields 1.10%, so AVEE currently pays the higher dividend yield.
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