AVES vs VOO
Avantis Emerging Markets Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. AVES offers more diversification with 1,887 holdings.
Side-by-Side Comparison
| Metric | AVES | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $1.5B | $997.4B | |
| Dividend Yield | 2.60% | 1.08% | |
| Holdings | 1,887 | 509 | |
| YTD Return | +10.81% | +13.20% | |
| 1Y Return | +20.11% | +21.62% | |
| 3Y Return (annualized) | +19.14% | +22.16% | |
| 5Y Return (annualized) | +9.00% | +13.42% | |
| Volatility (annualized) | 16.4% | 14.1% | |
| Max Drawdown | -27.4% | -34.3% | |
| Fund Family | Avantis Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Sep 7, 2010 |
AVES vs VOO Performance
Avantis Emerging Markets Value ETF (AVES) is a ETF from Avantis Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AVES returned +20.11% while VOO returned +21.62%. Year to date, AVES is up 10.81% versus a gain of 13.20% for VOO.
Over three years, AVES compounded at +19.14% per year against +22.16% for VOO; over five years the annualized figures are +9.00% and +13.42% respectively. Across the full 5-year window we track, VOO has the edge at +13.51% annualized vs +9.00%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
AVES and VOO share 1 holdings out of 1696 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 AVES | Weight in VOO | Difference |
|---|---|---|---|
| RCL | 0.01% | 0.12% | 0.11% |
Frequently Asked Questions
Which is cheaper, AVES or VOO?
AVES has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, AVES or VOO?
Over the past year AVES returned +20.11% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), AVES annualized +9.00% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, AVES or VOO?
AVES has been the more volatile fund at 16.4% annualized versus 14.1% for VOO. Worst drawdown: AVES -27.4% vs VOO -34.3%.
Should I hold both AVES and VOO?
AVES and VOO 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 VOO?
AVES and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1696 unique securities.
Which pays a higher dividend, AVES or VOO?
AVES yields 2.60% while VOO yields 1.08%, so AVES currently pays the higher dividend yield.
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