AVES vs SPY
Comparison between AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed AVES, delivering a return of +13.2% compared to +9.4%
AVES vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AVES
$1.50B
Winner
SPY
$784B
Expense Ratio
AVES
0.36%
Winner
SPY
0.09%
Max Drawdown
Winner
AVES
28.22%
SPY
56.47%
Sharpe Ratio
AVES
1.29
Winner
SPY
1.54
5Y Beta
Winner
AVES
0.72
SPY
1.00
P/E Ratio
AVES
N/A
SPY
27.62
Forward P/E
AVES
N/A
SPY
21.11
5Y Dividends CAGR
AVES
N/A
SPY
6.00%
5Y EPS CAGR
AVES
N/A
SPY
25.30%
Debt to Equity
AVES
N/A
SPY
31.11%
P/S Ratio
AVES
N/A
SPY
3.49
P/B Ratio
AVES
N/A
SPY
5.30
AVES vs SPY - Holdings Comparison
AVES and SPY have 1 common holdings. Overlap is 0.00%
AVES's top 25 holdings weight is 22.40%. SPY's top 25 holdings weight is 51.24%.
| Rank | AVES | SPY |
|---|---|---|
| #1 | ASE TECHNOLOGY HOLDING CO LTD ADR (ASX) - 1.38% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | LG ELECTRONICS INC (n/a) - 1.20% | APPLE INC (AAPL) - 6.81% |
| #3 | CTBC FINANCIAL HOLDING CO LTD (n/a) - 1.16% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | INNOLUX CORP (n/a) - 1.16% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | GEELY AUTOMOBILE HOLDINGS LTD (n/a) - 1.07% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | FUBON FINANCIAL HOLDINGS CO LTD (n/a) - 1.05% | BROADCOM INC (AVGO) - 2.77% |
| #7 | LG INNOTEK CO LTD (n/a) - 1.04% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | UNIMICRON TECHNOLOGY CORP (n/a) - 1.02% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | VALE SA ADR (VALE) - 0.98% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | HANA FINANCIAL GROUP INC (n/a) - 0.98% | TESLA INC (TSLA) - 1.76% |
| #11 | SAMSUNG E&A (n/a) - 0.96% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | KIA CORP (n/a) - 0.95% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | ZHEN DING TECHNOLOGY HOLDING LTD (n/a) - 0.91% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.87% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | HYUNDAI MOTOR CO (n/a) - 0.81% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | GOLD CIRCUIT ELECTRONICS LTD (n/a) - 0.79% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | SHINHAN FINANCIAL GROUP CO LTD ADR (SHG) - 0.78% | VISA INC CLASS A (V) - 0.87% |
| #18 | KB FINANCIAL GROUP INC ADR (KB) - 0.75% | INTEL CORP (INTC) - 0.85% |
| #19 | n/a (n/a) - 0.67% | WALMART INC (WMT) - 0.82% |
| #20 | WOORI FINANCIAL GROUP INC (n/a) - 0.67% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | UNITED MICROELECTRONICS CORP (n/a) - 0.67% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | SSC GOVERNMENT MM GVMXX (n/a) - 0.65% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | n/a (n/a) - 0.65% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | KOREA INVESTMENT HOLDINGS CO LTD (n/a) - 0.64% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | ANTA SPORTS PRODUCTS LTD (n/a) - 0.59% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 1718 | 505 |
AVES vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AVES
-0.95%
SPY
-1.37%
3M
AVES
+9.32%
Winner
SPY
+12.22%
6M
Winner
AVES
+12.82%
SPY
+7.20%
1Y
Winner
AVES
+29.23%
SPY
+23.58%
5Y(CAGR)
AVES
+9.37%
Winner
SPY
+13.19%
10Y(CAGR)
AVES
N/A
SPY
+15.12%
Max(CAGR)
Winner
AVES
+9.37%
SPY
+8.44%
AVES vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AVES | SPY |
|---|---|---|
| 2026 | +11.05% | +7.95% |
| 2025 | +30.47% | +18.00% |
| 2024 | +5.94% | +25.59% |
| 2023 | +16.19% | +26.72% |
| 2022 | -16.49% | -18.64% |
| 2021 | +1.32% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
AVES vs SPY Drawdown Comparison
The maximum drawdown for AVES was -27.41%, occurring on Oct 24, 2022. Recovery took 560 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current AVES drawdown is -5.18%. The current SPY drawdown is -3.18%.
| Rank | AVES | SPY |
|---|---|---|
| #1 | -27.41% Jan 12, 2022 - Apr 8, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -18.49% Oct 2, 2024 - Jun 4, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -12.90% Feb 25, 2026 - May 6, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.51% Jul 12, 2024 - Sep 24, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -6.73% Jun 1, 2026 - Jun 15, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.43% Oct 25, 2021 - Jan 11, 2022 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.24% May 8, 2026 - May 26, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.18% Jun 15, 2026 - Jun 23, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.76% Apr 9, 2024 - May 2, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.68% May 17, 2024 - Jul 11, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.55% Sep 17, 2025 - Oct 23, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.87% Nov 12, 2025 - Dec 22, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.72% Jul 23, 2025 - Aug 13, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.63% Jun 12, 2025 - Jun 24, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.40% Jan 28, 2026 - Feb 9, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between AVES and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (1999 - 2026)
AVES vs SPY dividend yield comparison.
| Year | AVES | SPY |
|---|---|---|
| 2026 | 0.78% | 0.50% |
| 2025 | 3.17% | 1.07% |
| 2024 | 4.09% | 1.21% |
| 2023 | 3.96% | 1.40% |
| 2022 | 3.70% | 1.65% |
| 2021 | 0.62% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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