AVLV vs IVV
Avantis US Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, AVLV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. AVLV led over 1Y, 3Y, 5Y and the full window. AVLV is less concentrated, with 25.6% 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 | AVLV | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $21.5B | $876.4B |
| Dividend Yield | 1.04% | 1.06% |
| Holdings | 274 | 508 |
| YTD Return | +20.74%Best | +12.39% |
| 1Y Return | +28.51%Best | +16.61% |
| 3Y Return (annualized) | +21.41%Best | +21.38% |
| 5Y Return (annualized) | +14.30%Best | +13.51% |
| Volatility (annualized) | 16.6% | 15.7%Best |
| Max Drawdown | -19.5%Best | -24.5% |
| $10,000 over 5 years | $19,509Best | $18,844 |
| Top 10 Weight | 25.6%Best | 37.8% |
| Fund Family | Avantis Investors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 21, 2021 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 23, 2021 to Sep 18, 2026 (5 years).
AVLV 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.
AVLV vs IVV Performance
Avantis US Large Cap Value ETF (AVLV) 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 AVLV returned +28.51% while IVV returned +16.61%. Year to date, AVLV is up 20.74% versus a gain of 12.39% for IVV.
Over three years, AVLV compounded at +21.41% per year against +21.38% for IVV; over five years the annualized figures are +14.30% and +13.51% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -19.5% for AVLV 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVLV charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, AVLV currently yields 1.04% against 1.06% for IVV.
Holdings Overlap
82.4% of AVLV's money is in holdings IVV also owns. 40.0% of IVV's money is in holdings AVLV also owns.
Most of AVLV is already inside IVV. Owning both mostly buys the same companies twice.
137 positions in common, counted across the 299 positions we hold weights for in AVLV and 490 in IVV, against full books of 274 and 508.
What only one of them owns
Our book lists 347 positions for IVV that do not appear in our book for AVLV (58.9% of the fund), and 144 for AVLV that do not appear in IVV (16.9%).
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 AVLV | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.63% | 7.02% | 4.39% |
| MSFTMicrosoft Corp | 3.28% | 5.69% | 2.41% |
| AMZNAmazon.Com Inc | 2.87% | 3.84% | 0.97% |
| METAMeta Platforms Inc | 2.81% | 1.90% | 0.91% |
| MUMicron Technology, Inc. | 2.96% | 1.63% | 1.33% |
| JPMJpmorgan Chase | 2.71% | 1.44% | 1.27% |
| LLYEli Lilly & Co. | 2.00% | 1.38% | 0.62% |
| XOMExxon Mobil Corp. | 2.35% | 1.01% | 1.34% |
| COSTCostco Wholesale Corp. | 2.24% | 0.63% | 1.61% |
| CATCaterpillar, Inc. | 1.52% | 0.55% | 0.97% |
82.4% of AVLV is already inside IVV.
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, AVLV or IVV?
AVLV has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, AVLV or IVV?
Over the past year AVLV returned +28.51% vs +16.61% for IVV, so AVLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLV or IVV?
AVLV has been the more volatile fund at 16.6% annualized versus 15.7% for IVV. Worst drawdown: AVLV -19.5% vs IVV -24.5%.
Should I hold both AVLV and IVV?
AVLV and IVV have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AVLV and IVV?
82.4% of AVLV's money is in holdings IVV also owns. 40.0% of IVV's is in holdings AVLV also owns. They hold 137 positions in common, counted across the 299 positions we hold weights for in AVLV and 490 in IVV.
Which pays a higher dividend, AVLV or IVV?
AVLV yields 1.04% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than AVLV?
IVV has a lower expense ratio. AVLV led over 1Y, 3Y, 5Y and the full window. AVLV is less concentrated, with 25.6% 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.