AVNM vs PHDG
Avantis All International Markets Equity ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. PHDG offers more diversification with 514 holdings.
Side-by-Side Comparison
| Metric | AVNM | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.39% | |
| AUM | $734M | $63M | |
| Dividend Yield | 2.36% | 1.69% | |
| Holdings | 9 | 514 | |
| YTD Return | +16.39% | +11.49% | |
| 1Y Return | +29.08% | +16.23% | |
| 3Y Return (annualized) | +23.36% | +10.13% | |
| 5Y Return (annualized) | - | +4.11% | |
| Volatility (annualized) | 12.6% | 9.9% | |
| Max Drawdown | -14.0% | -23.6% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Dec 5, 2012 |
AVNM vs PHDG Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year AVNM returned +29.08% while PHDG returned +16.23%. Year to date, AVNM is up 16.39% versus a gain of 11.49% for PHDG.
Over three years, AVNM compounded at +23.36% per year against +10.13% for PHDG. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs +4.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVNM has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVNM charges 0.31% per year while PHDG charges 0.39%. On a $10,000 position that is $31 vs $39 annually, a gap of $8 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 1.69% for PHDG.
Holdings Overlap
AVNM and PHDG share 0 holdings out of 502 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 PHDG?
AVNM has an expense ratio of 0.31% while PHDG charges 0.39%. AVNM is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, AVNM or PHDG?
Over the past year AVNM returned +29.08% vs +16.23% for PHDG, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs +4.33% for PHDG. Past performance does not guarantee future results.
Which is riskier, AVNM or PHDG?
AVNM has been the more volatile fund at 12.6% annualized versus 9.9% for PHDG. Worst drawdown: AVNM -14.0% vs PHDG -23.6%.
Should I hold both AVNM and PHDG?
AVNM and PHDG have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and PHDG?
AVNM and PHDG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 502 unique securities.
Which pays a higher dividend, AVNM or PHDG?
AVNM yields 2.36% while PHDG yields 1.69%, so AVNM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.