AVLC vs SPY
Avantis US Large Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVLC or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. AVLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. AVLC is less concentrated, with 29.3% 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 | AVLC | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $1.5B | $804.7B |
| Dividend Yield | 0.82% | 0.98% |
| Holdings | 856 | 505 |
| YTD Return | +16.58%Best | +13.82% |
| 1Y Return | +20.68%Best | +16.96% |
| 3Y Return (annualized) | +24.00%Best | +22.97% |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 12.8% | 12.4%Best |
| Max Drawdown | -19.6% | -18.8%Best |
| $10,000 over 3 years | $19,066Best | $18,741 |
| Top 10 Weight | 29.3%Best | 37.8% |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 26, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 28, 2023 to Sep 21, 2026 (3 years).
AVLC vs SPY 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 3 years both funds cover.
AVLC vs SPY Performance
Avantis US Large Cap Equity ETF (AVLC) is an ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AVLC returned +20.68% while SPY returned +16.96%. Year to date, AVLC is up 16.58% versus a gain of 13.82% for SPY.
Over three years, AVLC compounded at +24.00% per year against +22.97% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLC has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.4% for SPY. 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 -19.6% for AVLC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVLC 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, AVLC currently yields 0.82% against 0.98% for SPY.
Holdings Overlap
87.9% of AVLC's money is in holdings SPY also owns. 96.2% of SPY's money is in holdings AVLC also owns.
Most of SPY is already inside AVLC. Owning both mostly buys the same companies twice.
444 positions in common, counted across the 798 positions we hold weights for in AVLC and 504 in SPY, against full books of 856 and 505.
What only one of them owns
Our book lists 56 positions for SPY that do not appear in our book for AVLC (3.2% of the fund), and 276 for AVLC that do not appear in SPY (9.9%).
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 AVLC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.45% | 8.01% | 2.56% |
| AAPLApple, Inc | 5.13% | 7.26% | 2.13% |
| MSFTMicrosoft Corp | 4.44% | 5.66% | 1.22% |
| AMZNAmazon.Com Inc | 3.85% | 3.79% | 0.06% |
| GOOGLAlphabet Inc,class A | 1.76% | 2.99% | 1.23% |
| AVGOBroadcom Inc | 2.00% | 2.66% | 0.66% |
| METAMeta Platforms Inc | 1.87% | 1.93% | 0.06% |
| GOOGAlphabet Inc | 1.37% | 2.39% | 1.02% |
| MUMicron Technology, Inc. | 2.04% | 1.60% | 0.44% |
| JPMJpmorgan Chase | 1.36% | 1.45% | 0.09% |
96.2% of SPY is already inside AVLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVLC or SPY?
AVLC has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, AVLC or SPY?
Over the past year AVLC returned +20.68% vs +16.96% for SPY, so AVLC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLC or SPY?
AVLC has been the more volatile fund at 12.8% annualized versus 12.4% for SPY. Worst drawdown: AVLC -19.6% vs SPY -18.8%.
Should I hold both AVLC and SPY?
AVLC and SPY have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AVLC and SPY?
96.2% of SPY's money is in holdings AVLC also owns. 96.2% of SPY's is in holdings AVLC also owns. They hold 444 positions in common, counted across the 798 positions we hold weights for in AVLC and 504 in SPY.
Which pays a higher dividend, AVLC or SPY?
AVLC yields 0.82% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than AVLC?
SPY has a lower expense ratio. AVLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. AVLC is less concentrated, with 29.3% 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.