AVIV vs. SPY
Compare and contrast key facts about Avantis International Large Cap Value ETF (AVIV) and SPDR S&P 500 ETF (SPY).
AVIV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVIV is a passively managed fund by Avantis that tracks the performance of the MSCI World ex-U.S. Value Index. It was launched on Sep 29, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AVIV and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVIV or SPY.
Key characteristics
| AVIV | SPY | |
|---|---|---|
| YTD Return | 5.10% | 26.77% |
| 1Y Return | 15.43% | 37.43% |
| 3Y Return (Ann) | 3.96% | 10.15% |
| Sharpe Ratio | 1.23 | 3.06 |
| Sortino Ratio | 1.72 | 4.08 |
| Omega Ratio | 1.21 | 1.58 |
| Calmar Ratio | 2.13 | 4.44 |
| Martin Ratio | 6.93 | 20.11 |
| Ulcer Index | 2.31% | 1.85% |
| Daily Std Dev | 13.06% | 12.18% |
| Max Drawdown | -27.69% | -55.19% |
| Current Drawdown | -6.18% | -0.31% |
Correlation
The correlation between AVIV and SPY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVIV vs. SPY - Performance Comparison
In the year-to-date period, AVIV achieves a 5.10% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVIV vs. SPY - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVIV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AVIV vs. SPY - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 3.67%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 3.67% | 3.64% | 2.84% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AVIV vs. SPY - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVIV and SPY. For additional features, visit the drawdowns tool.
Volatility
AVIV vs. SPY - Volatility Comparison
Avantis International Large Cap Value ETF (AVIV) and SPDR S&P 500 ETF (SPY) have volatilities of 4.00% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.