AVSE vs PHDG
Avantis Responsible Emerging Markets Equity ETF vs Invesco S&P 500 Downside Hedged 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 | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.39% | |
| AUM | $210M | $61M | |
| Dividend Yield | 1.27% | 1.68% | |
| Holdings | 4,803 | 514 | |
| YTD Return | +16.81% | +12.11% | |
| 1Y Return | +32.29% | +17.06% | |
| 3Y Return (annualized) | +22.70% | +9.49% | |
| 5Y Return (annualized) | - | +4.59% | |
| Volatility (annualized) | 18.3% | 9.9% | |
| Max Drawdown | -26.3% | -23.6% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 28, 2022 | Dec 5, 2012 |
AVSE vs PHDG Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year AVSE returned +32.29% while PHDG returned +17.06%. Year to date, AVSE is up 16.81% versus a gain of 12.11% for PHDG.
Over three years, AVSE compounded at +22.70% per year against +9.49% for PHDG. Across the full 4-year window we track, AVSE has the edge at +13.15% annualized vs +4.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVSE has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while PHDG charges 0.39%. On a $10,000 position that is $33 vs $39 annually, a gap of $6 per year that compounds over a long holding period. On income, AVSE currently yields 1.27% against 1.68% for PHDG.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AVSE or PHDG?
AVSE has an expense ratio of 0.33% while PHDG charges 0.39%. AVSE is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, AVSE or PHDG?
Over the past year AVSE returned +32.29% vs +17.06% for PHDG, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.15% vs +4.38% for PHDG. Past performance does not guarantee future results.
Which is riskier, AVSE or PHDG?
AVSE has been the more volatile fund at 18.3% annualized versus 9.9% for PHDG. Worst drawdown: AVSE -26.3% vs PHDG -23.6%.
Should I hold both AVSE and PHDG?
AVSE and PHDG have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and PHDG?
AVSE and PHDG share 2 common holdings with a 0.0% weight overlap. Combined, they hold 2018 unique securities.
Which pays a higher dividend, AVSE or PHDG?
AVSE yields 1.27% while PHDG yields 1.68%, so PHDG currently pays the higher dividend yield.
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