AVES vs IVV
Avantis Emerging Markets Value ETF vs iShares Core S&P 500 ETF
Which is better, AVES or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. AVES led over 1Y, IVV over 3Y, 5Y and the full window. AVES is less concentrated, with 10.9% of the fund in its ten largest positions against 37.9%.
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 | AVES | IVV |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $1.5B | $876.4B |
| Dividend Yield | 2.42% | 1.06% |
| Holdings | 1,887 | 508 |
| YTD Return | +13.47%Best | +12.24% |
| 1Y Return | +20.73%Best | +18.61% |
| 3Y Return (annualized) | +18.87% | +20.98%Best |
| 5Y Return (annualized) | +9.42% | +12.76%Best |
| Volatility (annualized) | 16.4% | 15.7%Best |
| Max Drawdown | -27.4% | -24.5%Best |
| $10,000 over 5 years | $15,685 | $18,230Best |
| Top 10 Weight | 10.9%Best | 37.9% |
| Fund Family | Avantis Investors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 29, 2021 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Sep 9, 2026 (4.9 years).
AVES vs IVV 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 4.9 years both funds cover.
AVES vs IVV Performance
Avantis Emerging Markets Value ETF (AVES) is an ETF from Avantis Investors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AVES returned +20.73% while IVV returned +18.61%. Year to date, AVES is up 13.47% versus a gain of 12.24% for IVV.
Over three years, AVES compounded at +18.87% per year against +20.98% for IVV; over five years the annualized figures are +9.42% and +12.76% respectively.
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 15.7% 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 -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
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 2.42% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 1,192 holdings in AVES and 505 in IVV, totalling 96.5% 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 1,192 positions we hold weights for in AVES and 505 in IVV, against full books of 1,887 and 508.
What only one of them owns
Our book lists 496 positions for IVV that do not appear in our book for AVES (99.3% of the fund), and 14 for AVES that do not appear in IVV (3.6%).
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 AVES and IVV 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, AVES or IVV?
AVES has an expense ratio of 0.36% while IVV charges 0.03%. IVV is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, AVES or IVV?
Over the past year AVES returned +20.73% vs +18.61% for IVV, so AVES leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVES or IVV?
AVES has been the more volatile fund at 16.4% annualized versus 15.7% for IVV. Worst drawdown: AVES -27.4% vs IVV -24.5%.
Should I hold both AVES and IVV?
AVES and IVV have a monthly-return correlation of 0.68, 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, AVES or IVV?
AVES yields 2.42% while IVV yields 1.06%, so AVES currently pays the higher dividend yield.
Is IVV better than AVES?
IVV has a lower expense ratio. AVES led over 1Y, IVV over 3Y, 5Y and the full window. AVES is less concentrated, with 10.9% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.