AVNM vs SPY
Avantis All International Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVNM delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AVNM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.09% | |
| AUM | $734M | $821.1B | |
| Dividend Yield | 2.36% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | +15.94% | +12.35% | |
| 1Y Return | +27.69% | +20.15% | |
| 3Y Return (annualized) | +23.04% | +21.69% | |
| 5Y Return (annualized) | - | +12.77% | |
| Volatility (annualized) | 12.6% | 15.3% | |
| Max Drawdown | -14.0% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Jan 22, 1993 |
AVNM vs SPY Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AVNM returned +27.69% while SPY returned +20.15%. Year to date, AVNM is up 15.94% versus a gain of 12.35% for SPY.
Over three years, AVNM compounded at +23.04% per year against +21.69% for SPY. Across the full 3-year window we track, AVNM has the edge at +21.73% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVNM charges 0.31% per year while SPY charges 0.09%. On a $10,000 position that is $31 vs $9 annually, a gap of $22 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 1.01% for SPY.
Holdings Overlap
AVNM and SPY share 0 holdings out of 512 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 SPY?
AVNM has an expense ratio of 0.31% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, AVNM or SPY?
Over the past year AVNM returned +27.69% vs +20.15% for SPY, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.73% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AVNM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs SPY -56.5%.
Should I hold both AVNM and SPY?
AVNM and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and SPY?
AVNM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, AVNM or SPY?
AVNM yields 2.36% while SPY yields 1.01%, so AVNM currently pays the higher dividend yield.
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