AVTM vs SPY

Quick Verdict

SPY has a lower expense ratio. AVTM offers more diversification with 2312 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: AVTM

Side-by-Side Comparison

MetricAVTMSPYWinner
Expense Ratio0.22%0.09%
AUM-$789.1B
Dividend Yield-1.01%
Holdings2,312505
YTD Return+12.63%+13.75%
1Y Return-+22.91%
3Y Return (annualized)-+21.67%
5Y Return (annualized)-+13.32%
Volatility (annualized)-15.3%
Max Drawdown-9.2%-56.5%
Fund FamilyAvantis InvestorsState Street Investment Management
CategoryEquityEquity
InceptionJan 29, 2026Jan 22, 1993

AVTM vs SPY Performance

Avantis Total Equity Markets ETF (AVTM) is a ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, AVTM is up 12.63% versus a gain of 13.75% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -9.2% for AVTM and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

AVTM charges 0.22% per year while SPY charges 0.09%. On a $10,000 position that is $22 vs $9 annually, a gap of $13 per year that compounds over a long holding period.

Holdings Overlap

45.2%overlap

AVTM and SPY share 474 holdings out of 2341 unique holdings combined, representing a 45.2% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in AVTMWeight in SPYDifference
NVDA4.32%7.31%2.99%
AAPL3.01%7.09%4.08%
GOOG3.68%2.66%1.02%
MSFTProProPro
AMZNProProPro
GOOGLProProPro
METAProProPro
JPM:USProProPro
AVGOProProPro
LLYProProPro
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Frequently Asked Questions

Which is cheaper, AVTM or SPY?

AVTM has an expense ratio of 0.22% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $13 per year of difference.

What is the holdings overlap between AVTM and SPY?

AVTM and SPY share 474 common holdings with a 45.2% weight overlap. Combined, they hold 2341 unique securities.

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