AVXC vs SPY
Avantis Emerging Markets ex-China Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AVXC delivered stronger 1-year returns. AVXC offers more diversification with 1290 holdings.
Side-by-Side Comparison
| Metric | AVXC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.09% | |
| AUM | $391M | $789.1B | |
| Dividend Yield | 1.59% | 1.01% | |
| Holdings | 2,763 | 505 | |
| YTD Return | +26.09% | +13.68% | |
| 1Y Return | +44.32% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 18.4% | 15.3% | |
| Max Drawdown | -19.8% | -56.5% | |
| Fund Family | Avantis Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 19, 2024 | Jan 22, 1993 |
AVXC vs SPY Performance
Avantis Emerging Markets ex-China Equity ETF (AVXC) is a ETF from Avantis Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AVXC returned +44.32% while SPY returned +21.53%. Year to date, AVXC is up 26.09% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
AVXC has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.3% for SPY. 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 -19.8% for AVXC and -56.5% for SPY. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVXC charges 0.33% per year while SPY charges 0.09%. On a $10,000 position that is $33 vs $9 annually, a gap of $24 per year that compounds over a long holding period. On income, AVXC currently yields 1.59% against 1.01% for SPY.
Holdings Overlap
AVXC and SPY share 1 holdings out of 1792 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVXC | Weight in SPY | Difference |
|---|---|---|---|
| HAL | 0.10% | 0.04% | 0.06% |
Frequently Asked Questions
Which is cheaper, AVXC or SPY?
AVXC has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, AVXC or SPY?
Over the past year AVXC returned +44.32% vs +21.53% for SPY, so AVXC leads on 1-year performance. Over the longest common window we track (2 years), AVXC annualized +24.52% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AVXC or SPY?
AVXC has been the more volatile fund at 18.4% annualized versus 15.3% for SPY. Worst drawdown: AVXC -19.8% vs SPY -56.5%.
Should I hold both AVXC and SPY?
AVXC and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVXC and SPY?
AVXC and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1792 unique securities.
Which pays a higher dividend, AVXC or SPY?
AVXC yields 1.59% while SPY yields 1.01%, so AVXC currently pays the higher dividend yield.
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