AVMV vs IVV
Avantis US Mid Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AVMV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $778M | $907.0B | |
| Dividend Yield | 1.04% | 1.10% | |
| Holdings | 288 | 508 | |
| YTD Return | +14.35% | +12.76% | |
| 1Y Return | +20.56% | +20.63% | |
| 3Y Return (annualized) | - | +21.71% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 15.1% | 15.1% | |
| Max Drawdown | -24.2% | -56.5% | |
| Fund Family | Avantis Investors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | May 15, 2000 |
AVMV vs IVV Performance
Avantis US Mid Cap Value ETF (AVMV) 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 AVMV returned +20.56% while IVV returned +20.63%. Year to date, AVMV is up 14.35% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 15.1% for AVMV. 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 -24.2% for AVMV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMV charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, AVMV currently yields 1.04% against 1.10% for IVV.
Holdings Overlap
AVMV and IVV share 106 holdings out of 686 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVMV or IVV?
AVMV has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AVMV or IVV?
Over the past year AVMV returned +20.56% vs +20.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), AVMV annualized +22.34% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, AVMV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.1% for AVMV. Worst drawdown: AVMV -24.2% vs IVV -56.5%.
Should I hold both AVMV and IVV?
AVMV and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMV and IVV?
AVMV and IVV share 106 common holdings with a 4.3% weight overlap. Combined, they hold 686 unique securities.
Which pays a higher dividend, AVMV or IVV?
AVMV yields 1.04% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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