AVIV vs IVV
Avantis International Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, AVIV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. AVIV led over 1Y, 3Y, 5Y and the full window. AVIV is less concentrated, with 16.4% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVIV | IVV |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $2.1B | $876.4B |
| Dividend Yield | 2.41% | 1.06% |
| Holdings | 620 | 508 |
| YTD Return | +15.52%Best | +12.01% |
| 1Y Return | +25.52%Best | +16.48% |
| 3Y Return (annualized) | +22.30%Best | +21.21% |
| 5Y Return (annualized) | +14.00%Best | +12.95% |
| Volatility (annualized) | 16.0% | 15.7%Best |
| Max Drawdown | -27.7% | -24.5%Best |
| $10,000 over 5 years | $19,254Best | $18,384 |
| Top 10 Weight | 16.4%Best | 37.8% |
| Fund Family | Avantis Investors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 29, 2021 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Sep 14, 2026 (5 years).
AVIV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
AVIV vs IVV Performance
Avantis International Large Cap Value ETF (AVIV) is an ETF from Avantis Investors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AVIV returned +25.52% while IVV returned +16.48%. Year to date, AVIV is up 15.52% versus a gain of 12.01% for IVV.
Over three years, AVIV compounded at +22.30% per year against +21.21% for IVV; over five years the annualized figures are +14.00% and +12.95% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVIV has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.7% 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 -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 2.41% against 1.06% for IVV.
Holdings Overlap
0.1% of IVV's money is in holdings AVIV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 577 positions we hold weights for in AVIV and 490 in IVV, against full books of 620 and 508.
What only one of them owns
Our book lists 481 positions for IVV that do not appear in our book for AVIV (98.6% of the fund), and 15 for AVIV that do not appear in IVV (10.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AVIV | Weight in IVV | Difference |
|---|---|---|---|
| KRKroger Co. | 0.00% | 0.05% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of AVIV and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $22 a year on a $10,000 investment.
Which performed better, AVIV or IVV?
Over the past year AVIV returned +25.52% vs +16.48% for IVV, so AVIV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIV or IVV?
AVIV has been the more volatile fund at 16.0% annualized versus 15.7% for IVV. Worst drawdown: AVIV -27.7% vs IVV -24.5%.
Should I hold both AVIV and IVV?
AVIV and IVV have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVIV or IVV?
AVIV yields 2.41% while IVV yields 1.06%, so AVIV currently pays the higher dividend yield.
Is IVV better than AVIV?
IVV has a lower expense ratio. AVIV led over 1Y, 3Y, 5Y and the full window. AVIV is less concentrated, with 16.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.