AVSD vs SPY
Avantis Responsible International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVSD or SPY?
Each has led over a different period.
SPY has a lower expense ratio. AVSD led over 1Y, SPY over 3Y and the full window. AVSD is less concentrated, with 8.6% of the fund in its ten largest positions against 37.8%.
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 | AVSD | SPY |
|---|---|---|
| Expense Ratio | 0.23% | 0.09%Best |
| AUM | $355M | $804.7B |
| Dividend Yield | 2.27% | 0.98% |
| Holdings | 2,096 | 505 |
| YTD Return | +10.97% | +13.81%Best |
| 1Y Return | +17.52%Best | +16.94% |
| 3Y Return (annualized) | +21.75% | +22.84%Best |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 16.3% | 15.7%Best |
| Max Drawdown | -25.6% | -22.1%Best |
| $10,000 over 4.5 years | $17,353 | $18,588Best |
| Top 10 Weight | 8.6%Best | 37.8% |
| Fund Family | Avantis Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 15, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Mar 17, 2022 to Sep 22, 2026 (4.5 years).
AVSD 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 4.5 years both funds cover.
AVSD vs SPY Performance
Avantis Responsible International Equity ETF (AVSD) 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 AVSD returned +17.52% while SPY returned +16.94%. Year to date, AVSD is up 10.97% versus a gain of 13.81% for SPY.
Over three years, AVSD compounded at +21.75% per year against +22.84% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVSD has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.7% for SPY. 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 -25.6% for AVSD and -22.1% 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVSD charges 0.23% per year while SPY charges 0.09%. On a $10,000 position that is $23 vs $9 annually, a gap of $14 per year that compounds over a long holding period. On income, AVSD currently yields 2.27% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1,524 holdings in AVSD and 504 in SPY, totalling 95.1% and 99.9% of the two funds. That is not enough of SPY to divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 1,524 positions we hold weights for in AVSD and 504 in SPY, against full books of 2,096 and 505.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for AVSD (99.3% of the fund), and 30 for AVSD that do not appear in SPY (5.1%).
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 AVSD 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, AVSD or SPY?
AVSD has an expense ratio of 0.23% while SPY charges 0.09%. SPY is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, AVSD or SPY?
Over the past year AVSD returned +17.52% vs +16.94% for SPY, so AVSD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVSD or SPY?
AVSD has been the more volatile fund at 16.3% annualized versus 15.7% for SPY. Worst drawdown: AVSD -25.6% vs SPY -22.1%.
Should I hold both AVSD and SPY?
AVSD and SPY have a monthly-return correlation of 0.80, 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, AVSD or SPY?
AVSD yields 2.27% while SPY yields 0.98%, so AVSD currently pays the higher dividend yield.
Is SPY better than AVSD?
SPY has a lower expense ratio. AVSD led over 1Y, SPY over 3Y and the full window. AVSD is less concentrated, with 8.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.