AVES vs VYM
Avantis Emerging Markets Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. AVES offers more diversification with 1,887 holdings.
Side-by-Side Comparison
| Metric | AVES | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.04% | |
| AUM | $1.5B | $81.6B | |
| Dividend Yield | 2.60% | 2.24% | |
| Holdings | 1,887 | 616 | |
| YTD Return | +9.87% | +15.75% | |
| 1Y Return | +17.85% | +23.85% | |
| 3Y Return (annualized) | +18.83% | +19.14% | |
| 5Y Return (annualized) | +8.82% | +12.45% | |
| Volatility (annualized) | 16.4% | 14.6% | |
| Max Drawdown | -27.4% | -58.8% | |
| Fund Family | Avantis Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Nov 10, 2006 |
AVES vs VYM Performance
Avantis Emerging Markets Value ETF (AVES) is a ETF from Avantis Investors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year AVES returned +17.85% while VYM returned +23.85%. Year to date, AVES is up 9.87% versus a gain of 15.75% for VYM.
Over three years, AVES compounded at +18.83% per year against +19.14% for VYM; over five years the annualized figures are +8.82% and +12.45% respectively. Across the full 5-year window we track, AVES has the edge at +8.82% annualized vs +7.06%. 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 14.6% 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 -58.8% for VYM. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
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
AVES and VYM share 0 holdings out of 1795 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 VYM?
AVES has an expense ratio of 0.36% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, AVES or VYM?
Over the past year AVES returned +17.85% vs +23.85% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), AVES annualized +8.82% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, AVES or VYM?
AVES has been the more volatile fund at 16.4% annualized versus 14.6% for VYM. Worst drawdown: AVES -27.4% vs VYM -58.8%.
Should I hold both AVES and VYM?
AVES and VYM have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVES and VYM?
AVES and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1795 unique securities.
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.
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