AVMC vs IVV
Avantis US Mid Cap Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. AVMC offers more diversification with 605 holdings.
Side-by-Side Comparison
| Metric | AVMC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $470M | $865.2B | |
| Dividend Yield | 0.94% | 1.09% | |
| Holdings | 605 | 508 | |
| YTD Return | +15.41% | +14.50% | |
| 1Y Return | +20.49% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 14.3% | 15.1% | |
| Max Drawdown | -21.8% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | May 15, 2000 |
AVMC vs IVV Performance
Avantis US Mid Cap Equity ETF (AVMC) 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 AVMC returned +20.49% while IVV returned +22.02%. Year to date, AVMC is up 15.41% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for AVMC. 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 -21.8% for AVMC 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMC charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, AVMC currently yields 0.94% against 1.09% for IVV.
Holdings Overlap
AVMC and IVV share 243 holdings out of 855 unique holdings combined, representing a 10.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVMC or IVV?
AVMC has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, AVMC or IVV?
Over the past year AVMC returned +20.49% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), AVMC annualized +22.05% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, AVMC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.3% for AVMC. Worst drawdown: AVMC -21.8% vs IVV -56.5%.
Should I hold both AVMC and IVV?
AVMC and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMC and IVV?
AVMC and IVV share 243 common holdings with a 10.6% weight overlap. Combined, they hold 855 unique securities.
Which pays a higher dividend, AVMC or IVV?
AVMC yields 0.94% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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