AVGB vs SPY
Avantis Credit ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AVGB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $20M | $821.1B | |
| Dividend Yield | 3.25% | 1.01% | |
| Holdings | 160 | 505 | |
| YTD Return | +0.91% | +12.22% | |
| 1Y Return | +2.89% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 2.4% | 15.3% | |
| Max Drawdown | -2.1% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 15, 2025 | Jan 22, 1993 |
AVGB vs SPY Performance
Avantis Credit ETF (AVGB) is a ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AVGB returned +2.89% while SPY returned +20.83%. Year to date, AVGB is up 0.91% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.4% for AVGB. 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 -2.1% for AVGB and -56.5% for SPY. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVGB charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, AVGB currently yields 3.25% against 1.01% for SPY.
Holdings Overlap
AVGB and SPY share 1 holdings out of 595 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVGB | Weight in SPY | Difference |
|---|---|---|---|
| GE | 0.54% | 0.59% | 0.05% |
Frequently Asked Questions
Which is cheaper, AVGB or SPY?
AVGB has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, AVGB or SPY?
Over the past year AVGB returned +2.89% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), AVGB annualized +4.89% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AVGB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.4% for AVGB. Worst drawdown: AVGB -2.1% vs SPY -56.5%.
Should I hold both AVGB and SPY?
AVGB and SPY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVGB and SPY?
AVGB and SPY share 1 common holdings with a 0.5% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, AVGB or SPY?
AVGB yields 3.25% while SPY yields 1.01%, so AVGB currently pays the higher dividend yield.
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