AVEE vs SPY
Avantis Emerging Markets Small Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVEE or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | AVEE | SPY |
|---|---|---|
| Expense Ratio | 0.42% | 0.09%Best |
| AUM | $132M | $804.7B |
| Dividend Yield | 2.21% | 0.98% |
| Holdings | 2,833 | 505 |
| YTD Return | +9.76% | +12.66%Best |
| 1Y Return | +10.61% | +16.31%Best |
| 3Y Return (annualized) | +14.32% | +22.83%Best |
| 5Y Return (annualized) | - | +13.49% |
| Volatility (annualized) | 14.9% | 11.8%Best |
| Max Drawdown | -20.2% | -18.8%Best |
| $10,000 over 2.9 years | $14,742 | $18,309Best |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Nov 7, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Sep 28, 2026 (2.9 years).
AVEE 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 2.9 years both funds cover.
AVEE vs SPY Performance
Avantis Emerging Markets Small Cap Equity ETF (AVEE) 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 AVEE returned +10.61% while SPY returned +16.31%. Year to date, AVEE is up 9.76% versus a gain of 12.66% for SPY.
Over three years, AVEE compounded at +14.32% per year against +22.83% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVEE has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 11.8% 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 -20.2% for AVEE and -18.8% 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 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVEE charges 0.42% per year while SPY charges 0.09%. On a $10,000 position that is $42 vs $9 annually, a gap of $33 per year that compounds over a long holding period. On income, AVEE currently yields 2.21% against 0.98% for SPY.
Holdings Overlap
At least 0.3% of SPY's money is in holdings AVEE also owns.
Stated as a floor: for AVEE, our book for it covers 86.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1,621 positions we hold weights for in AVEE and 504 in SPY, against full books of 2,833 and 505.
Top Shared Holdings
| Stock | Weight in AVEE | Weight in SPY | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 0.08% | 0.26% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of AVEE 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, AVEE or SPY?
AVEE has an expense ratio of 0.42% while SPY charges 0.09%. SPY is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, AVEE or SPY?
Over the past year AVEE returned +10.61% vs +16.31% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVEE or SPY?
AVEE has been the more volatile fund at 14.9% annualized versus 11.8% for SPY. Worst drawdown: AVEE -20.2% vs SPY -18.8%.
Should I hold both AVEE and SPY?
AVEE and SPY have a monthly-return correlation of 0.56, 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, AVEE or SPY?
AVEE yields 2.21% while SPY yields 0.98%, so AVEE currently pays the higher dividend yield.
Is SPY better than AVEE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.