AVSE vs ELCV
Avantis Responsible Emerging Markets Equity ETF vs Eventide High Dividend ETF
Quick Verdict
AVSE has a lower expense ratio. AVSE delivered stronger 1-year returns. AVSE offers more diversification with 1526 holdings.
Side-by-Side Comparison
| Metric | AVSE | ELCV | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.49% | |
| AUM | $210M | $251M | |
| Dividend Yield | 1.27% | 2.06% | |
| Holdings | 4,803 | 47 | |
| YTD Return | +19.32% | +21.13% | |
| 1Y Return | +32.25% | +26.06% | |
| 3Y Return (annualized) | +23.53% | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 18.4% | 13.9% | |
| Max Drawdown | -26.3% | -18.4% | |
| Fund Family | Avantis Investors | Eventide | |
| Category | Equity | Equity | |
| Inception | Mar 28, 2022 | Sep 30, 2024 |
AVSE vs ELCV Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Eventide High Dividend ETF (ELCV) is a ETF from Eventide. Over the past year AVSE returned +32.25% while ELCV returned +26.06%. Year to date, AVSE is up 19.32% versus a gain of 21.13% for ELCV.
Risk: Volatility and Drawdowns
AVSE has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 13.9% for ELCV. 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 -26.3% for AVSE and -18.4% for ELCV. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while ELCV charges 0.49%. On a $10,000 position that is $33 vs $49 annually, a gap of $16 per year that compounds over a long holding period. On income, AVSE currently yields 1.27% against 2.06% for ELCV.
Holdings Overlap
AVSE and ELCV share 2 holdings out of 1570 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or ELCV?
AVSE has an expense ratio of 0.33% while ELCV charges 0.49%. AVSE is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, AVSE or ELCV?
Over the past year AVSE returned +32.25% vs +26.06% for ELCV, so AVSE leads on 1-year performance. Over the longest common window we track (2 years), AVSE annualized +13.68% vs +16.37% for ELCV. Past performance does not guarantee future results.
Which is riskier, AVSE or ELCV?
AVSE has been the more volatile fund at 18.4% annualized versus 13.9% for ELCV. Worst drawdown: AVSE -26.3% vs ELCV -18.4%.
Should I hold both AVSE and ELCV?
AVSE and ELCV have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and ELCV?
AVSE and ELCV share 2 common holdings with a 2.2% weight overlap. Combined, they hold 1570 unique securities.
Which pays a higher dividend, AVSE or ELCV?
AVSE yields 1.27% while ELCV yields 2.06%, so ELCV currently pays the higher dividend yield.
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