AVNM vs SPY
Avantis All International Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVNM or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. AVNM led over 1Y, 3Y and the full window.
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 | AVNM | SPY |
|---|---|---|
| Expense Ratio | 0.31% | 0.09%Best |
| AUM | $752M | $804.7B |
| Dividend Yield | 2.27% | 0.98% |
| Holdings | 9 | 505 |
| YTD Return | +15.65%Best | +12.22% |
| 1Y Return | +24.02%Best | +16.97% |
| 3Y Return (annualized) | +22.11%Best | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 12.5%Best | 12.7% |
| Max Drawdown | -14.0%Best | -18.8% |
| $10,000 over 3.2 years | $18,477Best | $18,003 |
| Top 10 Weight | - | 37.8% |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 27, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 29, 2023 to Sep 17, 2026 (3.2 years).
AVNM 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 3.2 years both funds cover.
AVNM vs SPY Performance
Avantis All International Markets Equity ETF (AVNM) 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 AVNM returned +24.02% while SPY returned +16.97%. Year to date, AVNM is up 15.65% versus a gain of 12.22% for SPY.
Over three years, AVNM compounded at +22.11% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.5% 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 -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 0.68. They move together some of the time, and apart the rest.
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 2.27% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 8 holdings in AVNM and 504 in SPY, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 8 positions we hold weights for in AVNM and 504 in SPY, against full books of 9 and 505.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for AVNM (99.3% of the fund), and 7 for AVNM that do not appear in SPY (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of AVNM and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $22 a year on a $10,000 investment.
Which performed better, AVNM or SPY?
Over the past year AVNM returned +24.02% vs +16.97% for SPY, so AVNM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVNM or SPY?
SPY has been the more volatile fund at 12.7% annualized versus 12.5% for AVNM. Worst drawdown: AVNM -14.0% vs SPY -18.8%.
Should I hold both AVNM and SPY?
AVNM and SPY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVNM or SPY?
AVNM yields 2.27% while SPY yields 0.98%, so AVNM currently pays the higher dividend yield.
Is SPY better than AVNM?
SPY has a lower expense ratio. AVNM led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.