AVRE vs. SPY
Compare and contrast key facts about Avantis Real Estate ETF (AVRE) and State Street SPDR S&P 500 ETF (SPY).
AVRE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVRE is an actively managed fund by Avantis. 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.
Performance
AVRE vs. SPY - Performance Comparison
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AVRE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVRE Avantis Real Estate ETF | 1.21% | 8.34% | 0.54% | 9.10% | -23.70% | 13.16% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 11.07% |
Returns By Period
In the year-to-date period, AVRE achieves a 1.21% return, which is significantly higher than SPY's -4.37% return.
AVRE
- 1D
- 1.87%
- 1M
- -7.36%
- YTD
- 1.21%
- 6M
- 0.30%
- 1Y
- 6.20%
- 3Y*
- 5.83%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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AVRE vs. SPY - Expense Ratio Comparison
AVRE has a 0.17% 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%.
Return for Risk
AVRE vs. SPY — Risk / Return Rank
AVRE
SPY
AVRE vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and State Street 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.
| AVRE | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.93 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.45 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.22 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.53 | -0.90 |
Martin ratioReturn relative to average drawdown | 2.44 | 7.30 | -4.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVRE | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.93 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.56 | -0.51 |
Correlation
The correlation between AVRE and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AVRE vs. SPY - Dividend Comparison
AVRE's dividend yield for the trailing twelve months is around 3.72%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVRE Avantis Real Estate ETF | 3.72% | 4.30% | 3.99% | 3.33% | 3.78% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
AVRE vs. SPY - Drawdown Comparison
The maximum AVRE drawdown since its inception was -32.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVRE and SPY.
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Drawdown Indicators
| AVRE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -55.19% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -12.05% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -8.22% | -6.24% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -9.09% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.52% | +0.21% |
Volatility
AVRE vs. SPY - Volatility Comparison
The current volatility for Avantis Real Estate ETF (AVRE) is 4.76%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that AVRE experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVRE | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 5.31% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 9.47% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 19.05% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 17.06% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 17.92% | -1.21% |