AVNM vs CGW
Avantis All International Markets Equity ETF vs Invesco S&P Global Water Index ETF
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. CGW offers more diversification with 82 holdings.
Side-by-Side Comparison
| Metric | AVNM | CGW | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.58% | |
| AUM | $734M | $1.1B | |
| Dividend Yield | 2.36% | 1.54% | |
| Holdings | 9 | 82 | |
| YTD Return | +16.39% | +2.34% | |
| 1Y Return | +29.08% | +2.85% | |
| 3Y Return (annualized) | +23.36% | +11.23% | |
| 5Y Return (annualized) | - | +3.55% | |
| Volatility (annualized) | 12.6% | 17.3% | |
| Max Drawdown | -14.0% | -57.2% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | May 14, 2007 |
AVNM vs CGW Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US). Over the past year AVNM returned +29.08% while CGW returned +2.85%. Year to date, AVNM is up 16.39% versus a gain of 2.34% for CGW.
Over three years, AVNM compounded at +23.36% per year against +11.23% for CGW. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs +7.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 12.6% for AVNM. 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 -14.0% for AVNM and -57.2% for CGW. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVNM charges 0.31% per year while CGW charges 0.58%. On a $10,000 position that is $31 vs $58 annually, a gap of $27 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 1.54% for CGW.
Holdings Overlap
AVNM and CGW share 0 holdings out of 75 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVNM or CGW?
AVNM has an expense ratio of 0.31% while CGW charges 0.58%. AVNM is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, AVNM or CGW?
Over the past year AVNM returned +29.08% vs +2.85% for CGW, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs +7.18% for CGW. Past performance does not guarantee future results.
Which is riskier, AVNM or CGW?
CGW has been the more volatile fund at 17.3% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs CGW -57.2%.
Should I hold both AVNM and CGW?
AVNM and CGW have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and CGW?
AVNM and CGW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 75 unique securities.
Which pays a higher dividend, AVNM or CGW?
AVNM yields 2.36% while CGW yields 1.54%, so AVNM currently pays the higher dividend yield.
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