AVNM vs TYO
Avantis All International Markets Equity ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. AVNM offers more diversification with 9 holdings.
Side-by-Side Comparison
| Metric | AVNM | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 1.00% | |
| AUM | $734M | $13M | |
| Dividend Yield | 2.36% | 2.48% | |
| Holdings | 9 | 6 | |
| YTD Return | +16.39% | +12.51% | |
| 1Y Return | +29.08% | +10.88% | |
| 3Y Return (annualized) | +23.36% | +3.99% | |
| 5Y Return (annualized) | - | +15.51% | |
| Volatility (annualized) | 12.6% | 19.3% | |
| Max Drawdown | -14.0% | -90.4% | |
| Fund Family | Avantis Investors | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jun 27, 2023 | Apr 16, 2009 |
AVNM vs TYO Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year AVNM returned +29.08% while TYO returned +10.88%. Year to date, AVNM is up 16.39% versus a gain of 12.51% for TYO.
Over three years, AVNM compounded at +23.36% per year against +3.99% for TYO. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs -7.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 -0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVNM charges 0.31% per year while TYO charges 1.00%. On a $10,000 position that is $31 vs $100 annually, a gap of $69 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 2.48% for TYO.
Holdings Overlap
AVNM and TYO share 0 holdings out of 11 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 TYO?
AVNM has an expense ratio of 0.31% while TYO charges 1.00%. AVNM is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, AVNM or TYO?
Over the past year AVNM returned +29.08% vs +10.88% for TYO, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs -7.16% for TYO. Past performance does not guarantee future results.
Which is riskier, AVNM or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs TYO -90.4%.
Should I hold both AVNM and TYO?
AVNM and TYO have a monthly-return correlation of -0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and TYO?
AVNM and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 11 unique securities.
Which pays a higher dividend, AVNM or TYO?
AVNM yields 2.36% while TYO yields 2.48%, so TYO currently pays the higher dividend yield.
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