AVIE vs SPY
Avantis Inflation Focused Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVIE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AVIE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $13M | $821.1B | |
| Dividend Yield | 1.40% | 1.01% | |
| Holdings | 367 | 505 | |
| YTD Return | +23.59% | +12.68% | |
| 1Y Return | +33.63% | +21.82% | |
| 3Y Return (annualized) | +14.60% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 13.8% | 15.3% | |
| Max Drawdown | -12.4% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Jan 22, 1993 |
AVIE vs SPY Performance
Avantis Inflation Focused Equity ETF (AVIE) 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 AVIE returned +33.63% while SPY returned +21.82%. Year to date, AVIE is up 23.59% versus a gain of 12.68% for SPY.
Over three years, AVIE compounded at +14.60% per year against +21.98% for SPY. Across the full 4-year window we track, AVIE has the edge at +15.58% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.8% for AVIE. 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 -12.4% for AVIE 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVIE charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, AVIE currently yields 1.40% against 1.01% for SPY.
Holdings Overlap
AVIE and SPY share 86 holdings out of 778 unique holdings combined, representing a 14.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVIE or SPY?
AVIE has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, AVIE or SPY?
Over the past year AVIE returned +33.63% vs +21.82% for SPY, so AVIE leads on 1-year performance. Over the longest common window we track (4 years), AVIE annualized +15.58% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, AVIE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.8% for AVIE. Worst drawdown: AVIE -12.4% vs SPY -56.5%.
Should I hold both AVIE and SPY?
AVIE and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVIE and SPY?
AVIE and SPY share 86 common holdings with a 14.6% weight overlap. Combined, they hold 778 unique securities.
Which pays a higher dividend, AVIE or SPY?
AVIE yields 1.40% while SPY yields 1.01%, so AVIE currently pays the higher dividend yield.
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