AVNM vs HFXI
Avantis All International Markets Equity ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | AVNM | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.20% | |
| AUM | $734M | $2.1B | |
| Dividend Yield | 2.36% | 3.39% | |
| Holdings | 9 | 876 | |
| YTD Return | +16.73% | +17.36% | |
| 1Y Return | +28.54% | +29.82% | |
| 3Y Return (annualized) | +22.92% | +21.05% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 12.6% | 13.8% | |
| Max Drawdown | -14.0% | -34.2% | |
| Fund Family | Avantis Investors | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Jul 22, 2015 |
AVNM vs HFXI Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year AVNM returned +28.54% while HFXI returned +29.82%. Year to date, AVNM is up 16.73% versus a gain of 17.36% for HFXI.
Over three years, AVNM compounded at +22.92% per year against +21.05% for HFXI. Across the full 3-year window we track, AVNM has the edge at +21.95% annualized vs +7.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -34.2% for HFXI. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVNM charges 0.31% per year while HFXI charges 0.20%. On a $10,000 position that is $31 vs $20 annually, a gap of $11 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 3.39% for HFXI.
Holdings Overlap
AVNM and HFXI share 0 holdings out of 750 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 HFXI?
AVNM has an expense ratio of 0.31% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, AVNM or HFXI?
Over the past year AVNM returned +28.54% vs +29.82% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.95% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, AVNM or HFXI?
HFXI has been the more volatile fund at 13.8% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs HFXI -34.2%.
Should I hold both AVNM and HFXI?
AVNM and HFXI have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AVNM and HFXI?
AVNM and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 750 unique securities.
Which pays a higher dividend, AVNM or HFXI?
AVNM yields 2.36% while HFXI yields 3.39%, so HFXI currently pays the higher dividend yield.
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