AVIG vs SPY
Avantis Core Fixed Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. AVIG offers more diversification with 772 holdings.
Side-by-Side Comparison
| Metric | AVIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $1.9B | $789.1B | |
| Dividend Yield | 4.34% | 1.01% | |
| Holdings | 782 | 505 | |
| YTD Return | -0.36% | +14.47% | |
| 1Y Return | +1.89% | +21.96% | |
| 3Y Return (annualized) | +4.78% | +21.70% | |
| 5Y Return (annualized) | -0.27% | +13.30% | |
| Volatility (annualized) | 6.5% | 15.3% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 13, 2020 | Jan 22, 1993 |
AVIG vs SPY Performance
Avantis Core Fixed Income ETF (AVIG) 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 AVIG returned +1.89% while SPY returned +21.96%. Year to date, AVIG is down 0.36% versus a gain of 14.47% for SPY.
Over three years, AVIG compounded at +4.78% per year against +21.70% for SPY; over five years the annualized figures are -0.27% and +13.30% respectively. Across the full 6-year window we track, SPY has the edge at +8.87% annualized vs -0.26%. 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 6.5% for AVIG. 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 -19.7% for AVIG 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVIG charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, AVIG currently yields 4.34% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AVIG or SPY?
AVIG has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, AVIG or SPY?
Over the past year AVIG returned +1.89% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.26% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, AVIG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.5% for AVIG. Worst drawdown: AVIG -19.7% vs SPY -56.5%.
Should I hold both AVIG and SPY?
AVIG and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVIG and SPY?
AVIG and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1273 unique securities.
Which pays a higher dividend, AVIG or SPY?
AVIG yields 4.34% while SPY yields 1.01%, so AVIG currently pays the higher dividend yield.
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