AVES vs IVV
Avantis Emerging Markets Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. AVES offers more diversification with 1,887 holdings.
Side-by-Side Comparison
| Metric | AVES | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $1.5B | $907.0B | |
| Dividend Yield | 2.60% | 1.10% | |
| Holdings | 1,887 | 508 | |
| YTD Return | +10.42% | +12.28% | |
| 1Y Return | +19.89% | +20.94% | |
| 3Y Return (annualized) | +18.98% | +21.81% | |
| 5Y Return (annualized) | +8.92% | +13.05% | |
| Volatility (annualized) | 16.4% | 15.1% | |
| Max Drawdown | -27.4% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | May 15, 2000 |
AVES vs IVV Performance
Avantis Emerging Markets Value ETF (AVES) 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 AVES returned +19.89% while IVV returned +20.94%. Year to date, AVES is up 10.42% versus a gain of 12.28% for IVV.
Over three years, AVES compounded at +18.98% per year against +21.81% for IVV; over five years the annualized figures are +8.92% and +13.05% respectively. Across the full 5-year window we track, AVES has the edge at +8.92% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVES has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -27.4% for AVES 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVES charges 0.36% per year while IVV charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, AVES currently yields 2.60% against 1.10% for IVV.
Holdings Overlap
AVES and IVV share 0 holdings out of 1697 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, AVES or IVV?
AVES has an expense ratio of 0.36% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, AVES or IVV?
Over the past year AVES returned +19.89% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), AVES annualized +8.92% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AVES or IVV?
AVES has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: AVES -27.4% vs IVV -56.5%.
Should I hold both AVES and IVV?
AVES and IVV have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVES and IVV?
AVES and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1697 unique securities.
Which pays a higher dividend, AVES or IVV?
AVES yields 2.60% while IVV yields 1.10%, so AVES currently pays the higher dividend yield.
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