AVES vs VOO
Avantis Emerging Markets Value ETF vs Vanguard S&P 500 ETF
Which is better, AVES or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. AVES is less concentrated, with 10.8% of the fund in its ten largest positions against 39.1%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $1.4B | $1.0T |
| Dividend Yield | 3.64% | 1.05% |
| Holdings | 3,980 | 519 |
| YTD Return | +3.41% | +11.74%Best |
| 1Y Return | +5.74% | +12.07%Best |
| 3Y Return (annualized) | +15.89% | +21.38%Best |
| 5Y Return (annualized) | +7.10% | +11.69%Best |
| Volatility (annualized) | 16.6% | 15.4%Best |
| Max Drawdown | -27.4% | -24.5%Best |
| $10,000 over 5 years | $14,091 | $17,381Best |
| Top 10 Weight | 10.8%Best | 39.1% |
| Fund Family | Avantis Investors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 29, 2021 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Nov 12, 2026 (5.1 years).
AVES vs VOO 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 5.1 years both funds cover.
AVES vs VOO Performance
Avantis Emerging Markets Value ETF (AVES) is an ETF from Avantis Investors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year AVES returned +5.74% while VOO returned +12.07%. Year to date, AVES is up 3.41% versus a gain of 11.74% for VOO.
Over three years, AVES compounded at +15.89% per year against +21.38% for VOO; over five years the annualized figures are +7.10% and +11.69% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVES has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.4% 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
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 3.64% against 1.05% for VOO.
Holdings Overlap
We hold position weights for 1,194 holdings in AVES and 506 in VOO, totalling 97.1% and 100.2% 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 1,194 positions we hold weights for in AVES and 506 in VOO, against full books of 3,980 and 519.
What only one of them owns
Our book lists 501 positions for VOO that do not appear in our book for AVES (100.0% of the fund), and 19 for AVES that do not appear in VOO (2.6%).
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 VOO 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 VOO?
AVES has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, AVES or VOO?
Over the past year AVES returned +5.74% vs +12.07% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVES or VOO?
AVES has been the more volatile fund at 16.6% annualized versus 15.4% for VOO. Worst drawdown: AVES -27.4% vs VOO -24.5%.
Should I hold both AVES and VOO?
AVES and VOO have a monthly-return correlation of 0.67, 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 VOO?
AVES yields 3.64% while VOO yields 1.05%, so AVES currently pays the higher dividend yield.
Is VOO better than AVES?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. AVES is less concentrated, with 10.8% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.