AVSE vs FFLV
Avantis Responsible Emerging Markets Equity ETF vs Fidelity Fundamental Large Cap Value 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 | FFLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.38% | |
| AUM | $210M | $16M | |
| Dividend Yield | 1.27% | 1.41% | |
| Holdings | 4,803 | 119 | |
| YTD Return | +16.81% | +18.05% | |
| 1Y Return | +32.29% | +31.83% | |
| 3Y Return (annualized) | +22.70% | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 18.3% | 12.3% | |
| Max Drawdown | -26.3% | -16.7% | |
| Fund Family | Avantis Investors | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | Mar 28, 2022 | Feb 9, 2024 |
AVSE vs FFLV Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US). Over the past year AVSE returned +32.29% while FFLV returned +31.83%. Year to date, AVSE is up 16.81% versus a gain of 18.05% for FFLV.
Risk: Volatility and Drawdowns
AVSE has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 12.3% for FFLV. 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 -16.7% for FFLV. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while FFLV charges 0.38%. On a $10,000 position that is $33 vs $38 annually, a gap of $5 per year that compounds over a long holding period. On income, AVSE currently yields 1.27% against 1.41% for FFLV.
Holdings Overlap
AVSE and FFLV share 2 holdings out of 1629 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or FFLV?
AVSE has an expense ratio of 0.33% while FFLV charges 0.38%. AVSE is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, AVSE or FFLV?
Over the past year AVSE returned +32.29% vs +31.83% for FFLV, so AVSE leads on 1-year performance. Over the longest common window we track (3 years), AVSE annualized +13.15% vs +17.56% for FFLV. Past performance does not guarantee future results.
Which is riskier, AVSE or FFLV?
AVSE has been the more volatile fund at 18.3% annualized versus 12.3% for FFLV. Worst drawdown: AVSE -26.3% vs FFLV -16.7%.
Should I hold both AVSE and FFLV?
AVSE and FFLV have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and FFLV?
AVSE and FFLV share 2 common holdings with a 2.1% weight overlap. Combined, they hold 1629 unique securities.
Which pays a higher dividend, AVSE or FFLV?
AVSE yields 1.27% while FFLV yields 1.41%, so FFLV currently pays the higher dividend yield.
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