AVMV vs SPY
Avantis US Mid Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVMV or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. AVMV led over 1Y, SPY over the full window. AVMV is less concentrated, with 12.2% 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 | AVMV | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $776M | $804.7B |
| Dividend Yield | 1.04% | 0.98% |
| Holdings | 288 | 505 |
| YTD Return | +10.83% | +11.45%Best |
| 1Y Return | +16.76%Best | +15.87% |
| 3Y Return (annualized) | - | +20.93% |
| 5Y Return (annualized) | - | +12.59% |
| Volatility (annualized) | 15.0% | 11.8%Best |
| Max Drawdown | -24.2% | -18.8%Best |
| $10,000 over 2.9 years | $17,182 | $18,245Best |
| Top 10 Weight | 12.2%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).
AVMV 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.
AVMV vs SPY Performance
Avantis US Mid Cap Value ETF (AVMV) 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 AVMV returned +16.76% while SPY returned +15.87%. Year to date, AVMV is up 10.83% versus a gain of 11.45% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVMV has been the more volatile fund, with annualized monthly volatility of 15.0% 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 -24.2% for AVMV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVMV charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, AVMV currently yields 1.04% against 0.98% for SPY.
Holdings Overlap
63.3% of AVMV's money is in holdings SPY also owns. 4.5% of SPY's money is in holdings AVMV also owns.
The two portfolios partly overlap.
110 positions in common, counted across the 298 positions we hold weights for in AVMV and 504 in SPY, against full books of 288 and 505.
What only one of them owns
Our book lists 387 positions for SPY that do not appear in our book for AVMV (94.8% of the fund), and 170 for AVMV that do not appear in SPY (34.5%).
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 AVMV | Weight in SPY | Difference |
|---|---|---|---|
| DVNDevon Energy Corporation | 1.63% | 0.09% | 1.54% |
| CMGChipotle Mexican Grill Inc. Class A | 1.27% | 0.07% | 1.20% |
| AMPAmeriprise Financial Inc | 1.25% | 0.07% | 1.18% |
| DALDl Co., Ltd. | 1.21% | 0.08% | 1.13% |
| STTState Street Corp. | 1.20% | 0.08% | 1.12% |
| NUENucor Corp. | 1.15% | 0.09% | 1.06% |
| FASTFastenal Co. | 1.13% | 0.09% | 1.04% |
| TRGPTarga Resources Corp Preferred | 1.10% | 0.10% | 1.00% |
| CNCCentene | 1.15% | 0.05% | 1.10% |
| FLEXFlex Ltd. Ordinary Shares | 1.13% | 0.06% | 1.07% |
63.3% of AVMV 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, AVMV or SPY?
AVMV has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, AVMV or SPY?
Over the past year AVMV returned +16.76% vs +15.87% for SPY, so AVMV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVMV or SPY?
AVMV has been the more volatile fund at 15.0% annualized versus 11.8% for SPY. Worst drawdown: AVMV -24.2% vs SPY -18.8%.
Should I hold both AVMV and SPY?
AVMV and SPY have a monthly-return correlation of 0.72, 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 AVMV and SPY?
63.3% of AVMV's money is in holdings SPY also owns. 4.5% of SPY's is in holdings AVMV also owns. They hold 110 positions in common, counted across the 298 positions we hold weights for in AVMV and 504 in SPY.
Which pays a higher dividend, AVMV or SPY?
AVMV yields 1.04% while SPY yields 0.98%, so AVMV currently pays the higher dividend yield.
Is SPY better than AVMV?
SPY has a lower expense ratio. AVMV led over 1Y, SPY over the full window. AVMV is less concentrated, with 12.2% 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.