AVES vs VYM
Avantis Emerging Markets Value ETF vs Vanguard High Dividend Yield ETF
Which is better, AVES or VYM?
Each has led over a different period.
VYM has a lower expense ratio. AVES led over 1Y and 3Y, VYM over 5Y and the full window. AVES is less concentrated, with 10.9% of the fund in its ten largest positions against 25.9%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.36% | 0.04%Best |
| AUM | $1.5B | $81.6B |
| Dividend Yield | 2.60% | 2.24% |
| Holdings | 1,887 | 613 |
| YTD Return | +13.74% | +14.33%Best |
| 1Y Return | +21.15%Best | +20.01% |
| 3Y Return (annualized) | +18.98%Best | +18.43% |
| 5Y Return (annualized) | +9.48% | +12.16%Best |
| Volatility (annualized) | 16.4% | 13.7%Best |
| Max Drawdown | -27.4% | -15.8%Best |
| $10,000 over 5 years | $15,728 | $17,750Best |
| Top 10 Weight | 10.9%Best | 25.9% |
| Fund Family | Avantis Investors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 29, 2021 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Sep 8, 2026 (4.9 years).
AVES vs VYM 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 VYM Performance
Avantis Emerging Markets Value ETF (AVES) is an ETF from Avantis Investors and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year AVES returned +21.15% while VYM returned +20.01%. Year to date, AVES is up 13.74% versus a gain of 14.33% for VYM.
Over three years, AVES compounded at +18.98% per year against +18.43% for VYM; over five years the annualized figures are +9.48% and +12.16% 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 13.7% for VYM. 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVES charges 0.36% per year while VYM charges 0.04%. On a $10,000 position that is $36 vs $4 annually, a gap of $32 per year that compounds over a long holding period. On income, AVES currently yields 2.60% against 2.24% for VYM.
Holdings Overlap
0.2% of VYM's money is in holdings AVES also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1,192 positions we hold weights for in AVES and 602 in VYM, against full books of 1,887 and 613.
What only one of them owns
Our book lists 566 positions for VYM that do not appear in our book for AVES (97.0% of the fund), and 15 for AVES that do not appear in VYM (4.3%).
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.
Top Shared Holdings
| Stock | Weight in AVES | Weight in VYM | Difference |
|---|---|---|---|
| TELTyco Electronics Ltd. | 0.00% | 0.24% | 0.24% |
You are not choosing between two funds in isolation.
Whichever of AVES and VYM 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 VYM?
AVES has an expense ratio of 0.36% while VYM charges 0.04%. VYM is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, AVES or VYM?
Over the past year AVES returned +21.15% vs +20.01% for VYM, 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 VYM?
AVES has been the more volatile fund at 16.4% annualized versus 13.7% for VYM. Worst drawdown: AVES -27.4% vs VYM -15.8%.
Should I hold both AVES and VYM?
AVES and VYM have a monthly-return correlation of 0.65, 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 VYM?
AVES yields 2.60% while VYM yields 2.24%, so AVES currently pays the higher dividend yield.
Is VYM better than AVES?
VYM has a lower expense ratio. AVES led over 1Y and 3Y, VYM over 5Y and the full window. AVES is less concentrated, with 10.9% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.