AVIV vs IVV
Avantis International Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AVIV delivered stronger 1-year returns. AVIV offers more diversification with 620 holdings.
Side-by-Side Comparison
| Metric | AVIV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $2.1B | $907.0B | |
| Dividend Yield | 2.46% | 1.10% | |
| Holdings | 620 | 508 | |
| YTD Return | +16.43% | +12.28% | |
| 1Y Return | +29.55% | +20.94% | |
| 3Y Return (annualized) | +23.80% | +21.81% | |
| 5Y Return (annualized) | +14.39% | +13.05% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -27.7% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | May 15, 2000 |
AVIV vs IVV Performance
Avantis International Large Cap Value ETF (AVIV) is a ETF from Avantis Investors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AVIV returned +29.55% while IVV returned +20.94%. Year to date, AVIV is up 16.43% versus a gain of 12.28% for IVV.
Over three years, AVIV compounded at +23.80% per year against +21.81% for IVV; over five years the annualized figures are +14.39% and +13.05% respectively. Across the full 5-year window we track, AVIV has the edge at +14.39% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVIV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% for IVV. 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 -27.7% for AVIV and -56.5% for IVV. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVIV charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, AVIV currently yields 2.46% against 1.10% for IVV.
Holdings Overlap
AVIV and IVV share 1 holdings out of 1093 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVIV | Weight in IVV | Difference |
|---|---|---|---|
| CCL | 0.04% | 0.05% | 0.01% |
Frequently Asked Questions
Which is cheaper, AVIV or IVV?
AVIV has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, AVIV or IVV?
Over the past year AVIV returned +29.55% vs +20.94% for IVV, so AVIV leads on 1-year performance. Over the longest common window we track (5 years), AVIV annualized +14.39% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AVIV or IVV?
AVIV has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: AVIV -27.7% vs IVV -56.5%.
Should I hold both AVIV and IVV?
AVIV and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVIV and IVV?
AVIV and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1093 unique securities.
Which pays a higher dividend, AVIV or IVV?
AVIV yields 2.46% while IVV yields 1.10%, so AVIV currently pays the higher dividend yield.
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