What is the main difference in global reach between AVGV and AVUV?

AVGV offers a broader global reach by investing in a portfolio of other ETFs that cover both developed and emerging markets, including US small-cap value through AVUV. In contrast, AVUV is dedicated exclusively to US small-cap value stocks. This means AVGV provides diversification across multiple geographic regions and market caps, while AVUV concentrates its exposure on a specific segment of the American economy. Investors should consider whether they prefer broad international diversification or a targeted domestic strategy when comparing these two funds.

How does the expense ratio impact the long-term return of these ETFs?

The expense ratio represents the annual cost of managing the fund. AVGV charges 0.26%, while AVUV charges 0.25%. Although the difference of 0.01 percentage points appears minor, it compounds over time. A lower expense ratio means more of the fund's gross returns are retained by investors, potentially enhancing net performance over decades. For example, on a $10,000 investment, the annual cost difference is only one dollar, but the impact grows with larger balances and longer holding periods. This small fee variance highlights the importance of cost efficiency in passive investing.

What does the difference in fund size tell us about liquidity and track record?

AVUV has net assets of $30.9 billion, indicating high liquidity and a longer track record since its inception in 2019. This large size typically allows for tighter bid-ask spreads, making it easier to trade. AVGV, with $466 million in net assets and an inception date in 2023, is newer and smaller. Smaller funds may experience wider spreads and less historical data for evaluating performance. Investors must weigh the stability and liquidity of a large, established fund against the potential growth opportunities and unique structure of a newer, smaller fund.

How do the top holdings of AVGV and AVUV differ in terms of overlap?

There is no direct overlap between the top-10 holdings of AVGV and AVUV. AVGV's top holdings are other ETFs, such as AVLV (36.69%) and AVIV (18.10%), creating a 'fund-of-funds' structure. AVUV, conversely, holds individual company stocks like MATX (1.10%) and GATX (0.89%). While AVUV is actually a component within AVGV's portfolio, its specific top stock holdings do not appear directly in AVGV's list. This structural difference means AVGV holds a layer of management on top of its underlying funds, whereas AVUV holds direct equity positions.

What are the key advantages of choosing a global multi-factor value strategy like AVGV?

AVGV provides global exposure across developed and emerging equity markets, offering broad diversification beyond single-country risks. With a dividend yield of 1.98%, it also presents a reasonable income stream relative to typical global equity funds. The fund's low expense ratio of 0.26% keeps holding costs modest. However, its smaller net assets of $466 million and recent inception in 2023 mean it has a shorter track record and may face liquidity considerations compared to larger, more established funds. This strategy suits investors seeking wide geographic and factor diversification.

Why might an investor prefer the focused US small-cap approach of AVUV?

AVUV offers targeted access to the US small-cap value factor with a substantial net asset base of $30.9 billion, supporting high liquidity and efficient trading with tight bid-ask spreads. Its longer history since 2019 provides a more established track record for evaluating performance. With a low expense ratio of 0.25%, it is cost-effective. However, its US-only focus limits geographic diversification, and its modest 1.24% dividend yield may be less appealing for income-focused investors. This approach is suitable for those specifically seeking concentrated exposure to the US market.

How do dividend yields differ between these two Avantis funds and what does this imply?

AVGV has a dividend yield of 1.98%, which is higher than AVUV's 1.24%. This difference reflects the underlying assets; AVGV includes global equities and other ETFs that may pay higher distributions, while AVUV focuses on US small-cap value stocks, which often prioritise growth or capital appreciation over high dividends. A higher yield provides more immediate cash flow, whereas a lower yield might indicate a fund with different growth characteristics. Investors should assess their need for current income versus long-term capital appreciation when comparing these yields.

What does the structural difference in holdings mean for portfolio complexity?

AVGV holds other ETFs as its top investments, such as AVLV at 36.69% and AVUV at 17.86%. This creates a 'fund-of-funds' structure that can introduce additional layers of management and potential structural complexity. AVUV, in contrast, holds direct equity positions in companies, with its largest holding, MATX, at just 1.10%. This direct approach typically results in greater transparency regarding individual company exposure and concentration. Investors should consider whether they are comfortable with the added layer of fund-in-fund structures or prefer direct stock ownership in their portfolio.

How should the lack of index tracking information be interpreted for these ETFs?

For both AVGV and AVUV, the index tracked is listed as 'not available'. This suggests that these funds are not strictly passive index replicators but may follow active rules-based or factor-driven strategies. Without a specific benchmark index, traditional tracking error analysis is less straightforward. Investors should look at the fund's stated objectives and factor exposures instead of a single benchmark. This lack of a specific index highlights that performance is driven by proprietary methodologies rather than simply mirroring a published market index, requiring a different evaluation approach.

What is the educational purpose of this ETF comparison?

This comparison is designed to help beginners understand key metrics like expense ratios, dividend yields, fund size, and holding structures when evaluating exchange-traded funds. By examining AVGV and AVUV, we explore the differences between global multi-factor strategies and focused domestic approaches. It is crucial to remember that this information is for educational purposes only and does not constitute financial advice. Investors should consult qualified professionals and consider their own financial situations, risk tolerance, and investment goals before making any decisions regarding these or any other financial products.

AVGV vs AVUV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Avantis All Equity Markets Value ETF (AVGV) with Avantis U.S. Small Cap Value ETF (AVUV). This page examines fees, holdings, dividends and how each fund tracks its market. AVGV has a 0.26% expense ratio and 1.98% yield, while AVUV has a 0.25% expense ratio and 1.24% yield. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVGV

Metric

AVUV

0.26%

Expense Ratio

0.25%

1.98%

Dividend Yield

1.24%

$465.82M

Net Assets

$30.93B

Holdings

798

Jun 27, 2023

Inception Date

Sep 24, 2019

–

Index Tracked

–

Global Small/Mid Stock

Fund Category

Small Value

AVUV costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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AVDV vs AVUV

Compare AVDV and AVUV ETFs. Analyse expense ratios of 0.36% and 0.25%, dividend yields, holdings, and fund tracking data for informed research.

Investment Analysis

AVGV

Pros

Global exposure across developed and emerging equity markets provides broad diversification beyond single-country risk.
Low expense ratio of 0.26% keeps annual holding costs modest for a multi-factor value strategy.
Dividend yield of 1.98% offers a reasonable income stream relative to typical global equity fund yields.

Considerations

Fund size of 466 million is relatively small, potentially raising concerns about liquidity and bid-ask spreads.
Inception in 2023 means a short track record, limiting evidence of performance through varied market cycles.
Holdings are other ETFs, introducing potential structural complexity and additional layers of management within the portfolio.

AVUV

Pros

Substantial net assets of 30.9 billion support high liquidity and efficient trading with tight bid-ask spreads.
Longer history since 2019 provides a more established track record for evaluating performance across market conditions.
Low expense ratio of 0.25% ensures cost-effective access to the US small-cap value factor premium.

Considerations

US-only focus limits geographic diversification, exposing investors to concentrated domestic economic and market risks.
Modest dividend yield of 1.24% may be less attractive to income-focused investors seeking higher cash payouts.
Very diversified top holdings, with the largest at 1.10%, may dilute concentrated value factor effects compared to peers.

About AVGV and AVUV

AVGV (AVGV)

The Avantis All Equity Markets Value ETF (AVGV) is an exchange-traded fund designed to provide investors with exposure to a broad range of global equity markets, with a specific focus on value stocks. Managed by Avantis Investors, this ETF aims to capture the potential benefits of small-cap and value premiums. It holds a diversified portfolio of stocks across developed and emerging markets, seeking to outperform traditional broad-market indices over the long term. With an expense ratio of 0.26%, it offers a cost-effective way to access these market segments. The fund’s strategy involves systematic portfolio construction based on fundamental data, targeting companies with attractive valuations relative to their earnings and cash flows. While it provides a single-ticket approach to global equity investing, it is important to note that past performance does not guarantee future results, and investment values can rise or fall.

AVUV (AVUV)

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund designed to provide investors with exposure to small-cap value stocks within the United States. Managed by American Century ETF Trust, this fund employs a systematic approach to select holdings that exhibit characteristics of the value factor, such as high book-to-price ratios and low earnings yields, alongside small size. With an inception date in September 2019, AVUV has rapidly grown to hold net assets of approximately USD 30.93 billion. It maintains a competitive expense ratio of 0.25%, aiming to offer cost-effective access to this specific market segment. The fund currently holds 798 distinct securities and has a dividend yield of 1.24%. Investors considering AVUV should be aware that small-cap value stocks can experience greater volatility compared to large-cap growth equities. While the strategy seeks to capture potential long-term returns associated with these factors, past performance is not a reliable indicator of future results, and the value of investments can go down as well as up.

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AVGV vs AVUV

Fund Snapshot

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AVDV vs AVUV

Investment Analysis

AVGV

Pros

Considerations

AVUV

Pros

Considerations

About AVGV and AVUV

Buy AVGV or AVUV in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the main difference in global reach between AVGV and AVUV?

How does the expense ratio impact the long-term return of these ETFs?

What does the difference in fund size tell us about liquidity and track record?

How do the top holdings of AVGV and AVUV differ in terms of overlap?

What are the key advantages of choosing a global multi-factor value strategy like AVGV?

Why might an investor prefer the focused US small-cap approach of AVUV?

How do dividend yields differ between these two Avantis funds and what does this imply?

What does the structural difference in holdings mean for portfolio complexity?

How should the lack of index tracking information be interpreted for these ETFs?

What is the educational purpose of this ETF comparison?

Fund Snapshot

About AVGV and AVUV

Discover More Comparisons

AVDV vs AVUV