AVEM vs IVV
Avantis Emerging Markets Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AVEM delivered stronger 1-year returns. AVEM offers more diversification with 3,967 holdings.
Side-by-Side Comparison
| Metric | AVEM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.03% | |
| AUM | $27.4B | $907.0B | |
| Dividend Yield | 1.98% | 1.10% | |
| Holdings | 3,967 | 508 | |
| YTD Return | +17.43% | +12.96% | |
| 1Y Return | +31.25% | +20.70% | |
| 3Y Return (annualized) | +23.80% | +22.10% | |
| 5Y Return (annualized) | +10.49% | +13.40% | |
| Volatility (annualized) | 18.8% | 15.1% | |
| Max Drawdown | -36.0% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 17, 2019 | May 15, 2000 |
AVEM vs IVV Performance
Avantis Emerging Markets Equity ETF (AVEM) 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 AVEM returned +31.25% while IVV returned +20.70%. Year to date, AVEM is up 17.43% versus a gain of 12.96% for IVV.
Over three years, AVEM compounded at +23.80% per year against +22.10% for IVV; over five years the annualized figures are +10.49% and +13.40% respectively. Across the full 7-year window we track, AVEM has the edge at +11.69% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVEM has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.1% for IVV. 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 -36.0% for AVEM 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
AVEM charges 0.33% per year while IVV charges 0.03%. On a $10,000 position that is $33 vs $3 annually, a gap of $30 per year that compounds over a long holding period. On income, AVEM currently yields 1.98% against 1.10% for IVV.
Holdings Overlap
AVEM and IVV share 1 holdings out of 1704 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVEM | Weight in IVV | Difference |
|---|---|---|---|
| HAL | 0.03% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, AVEM or IVV?
AVEM has an expense ratio of 0.33% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, AVEM or IVV?
Over the past year AVEM returned +31.25% vs +20.70% for IVV, so AVEM leads on 1-year performance. Over the longest common window we track (7 years), AVEM annualized +11.69% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, AVEM or IVV?
AVEM has been the more volatile fund at 18.8% annualized versus 15.1% for IVV. Worst drawdown: AVEM -36.0% vs IVV -56.5%.
Should I hold both AVEM and IVV?
AVEM 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 AVEM and IVV?
AVEM and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1704 unique securities.
Which pays a higher dividend, AVEM or IVV?
AVEM yields 1.98% while IVV yields 1.10%, so AVEM currently pays the higher dividend yield.
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