AVSE vs TYO
Avantis Responsible Emerging Markets Equity ETF vs Direxion Daily 7-10 Year Treasury Bear 3X 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 | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 1.00% | |
| AUM | $210M | $12M | |
| Dividend Yield | 1.27% | 2.62% | |
| Holdings | 4,803 | 6 | |
| YTD Return | +18.68% | +11.63% | |
| 1Y Return | +32.87% | +10.94% | |
| 3Y Return (annualized) | +23.33% | +4.88% | |
| 5Y Return (annualized) | - | +14.70% | |
| Volatility (annualized) | 18.4% | 19.3% | |
| Max Drawdown | -26.3% | -90.4% | |
| Fund Family | Avantis Investors | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 28, 2022 | Apr 16, 2009 |
AVSE vs TYO Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) 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 AVSE returned +32.87% while TYO returned +10.94%. Year to date, AVSE is up 18.68% versus a gain of 11.63% for TYO.
Over three years, AVSE compounded at +23.33% per year against +4.88% for TYO. Across the full 4-year window we track, AVSE has the edge at +13.55% annualized vs -7.21%. 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 18.4% for AVSE. 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 -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 -0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while TYO charges 1.00%. On a $10,000 position that is $33 vs $100 annually, a gap of $67 per year that compounds over a long holding period. On income, AVSE currently yields 1.27% against 2.62% for TYO.
Holdings Overlap
AVSE and TYO share 0 holdings out of 1529 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, AVSE or TYO?
AVSE has an expense ratio of 0.33% while TYO charges 1.00%. AVSE is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, AVSE or TYO?
Over the past year AVSE returned +32.87% vs +10.94% for TYO, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.55% vs -7.21% for TYO. Past performance does not guarantee future results.
Which is riskier, AVSE or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 18.4% for AVSE. Worst drawdown: AVSE -26.3% vs TYO -90.4%.
Should I hold both AVSE and TYO?
AVSE and TYO have a monthly-return correlation of -0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and TYO?
AVSE and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1529 unique securities.
Which pays a higher dividend, AVSE or TYO?
AVSE yields 1.27% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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