AVMC vs SPY
Avantis US Mid Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVMC or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. AVMC is less concentrated, with 6.0% 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 | AVMC | SPY |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $492M | $804.7B |
| Dividend Yield | 0.95% | 0.98% |
| Holdings | 606 | 505 |
| YTD Return | +9.37% | +11.45%Best |
| 1Y Return | +13.06% | +15.87%Best |
| 3Y Return (annualized) | - | +20.93% |
| 5Y Return (annualized) | - | +12.59% |
| Volatility (annualized) | 14.2% | 11.8%Best |
| Max Drawdown | -21.8% | -18.8%Best |
| $10,000 over 2.9 years | $16,565 | $18,245Best |
| Top 10 Weight | 6.0%Best | 37.8% |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Nov 7, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Sep 15, 2026 (2.9 years).
AVMC 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 2.9 years both funds cover.
AVMC vs SPY Performance
Avantis US Mid Cap Equity ETF (AVMC) 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 AVMC returned +13.06% while SPY returned +15.87%. Year to date, AVMC is up 9.37% versus a gain of 11.45% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVMC has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 11.8% 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 -21.8% for AVMC 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMC charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, AVMC currently yields 0.95% against 0.98% for SPY.
Holdings Overlap
63.6% of AVMC's money is in holdings SPY also owns. 11.1% of SPY's money is in holdings AVMC also owns.
The two portfolios partly overlap.
248 positions in common, counted across the 607 positions we hold weights for in AVMC and 504 in SPY, against full books of 606 and 505.
What only one of them owns
Our book lists 251 positions for SPY that do not appear in our book for AVMC (88.3% of the fund), and 326 for AVMC that do not appear in SPY (33.0%).
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 AVMC | Weight in SPY | Difference |
|---|---|---|---|
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.80% | 0.24% | 0.56% |
| DVNDevon Energy Corporation | 0.70% | 0.09% | 0.61% |
| MRNAModerna therapeutics | 0.60% | 0.08% | 0.52% |
| STTState Street Corp. | 0.60% | 0.08% | 0.52% |
| NUENucor Corp. | 0.58% | 0.09% | 0.49% |
| AMPAmeriprise Financial Inc | 0.56% | 0.07% | 0.49% |
| HUMHumana Inc. | 0.55% | 0.07% | 0.48% |
| DALDl Co., Ltd. | 0.53% | 0.08% | 0.45% |
| VSTVistra Energy Corp. | 0.53% | 0.07% | 0.46% |
| TRGPTarga Resources Corp Preferred | 0.50% | 0.10% | 0.40% |
63.6% of AVMC is already inside SPY.
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, AVMC or SPY?
AVMC has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, AVMC or SPY?
Over the past year AVMC returned +13.06% vs +15.87% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVMC or SPY?
AVMC has been the more volatile fund at 14.2% annualized versus 11.8% for SPY. Worst drawdown: AVMC -21.8% vs SPY -18.8%.
Should I hold both AVMC and SPY?
AVMC and SPY have a monthly-return correlation of 0.78, 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 AVMC and SPY?
63.6% of AVMC's money is in holdings SPY also owns. 11.1% of SPY's is in holdings AVMC also owns. They hold 248 positions in common, counted across the 607 positions we hold weights for in AVMC and 504 in SPY.
Which pays a higher dividend, AVMC or SPY?
AVMC yields 0.95% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than AVMC?
SPY has a lower expense ratio. SPY led over 1Y and the full window. AVMC is less concentrated, with 6.0% 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.