What does the expense ratio mean when comparing AVLV and AVUS?

The expense ratio is the annual cost of owning a fund. Both AVLV and AVUS have an expense ratio of 0.15%. This means for every £100 invested, you pay 15 pence per year. Since the fee is identical, cost is not a differentiator between these two ETFs. Over time, lower fees generally allow for higher net returns, all else being equal, making this a low-cost option for investors focused on fee minimisation.

How do the categories of Large Value and Large Blend differ?

AVLV is classified as a Large Value ETF, focusing on established companies that appear undervalued relative to their fundamentals. AVUS is a Large Blend ETF, which includes a mix of both growth and value stocks within the large-cap sector. This means AVUS might have more balanced exposure to market leaders in technology and other growth sectors, whereas AVLV seeks companies with lower valuation metrics, potentially leading to different performance profiles in various market cycles.

What information is missing regarding the indexes tracked?

A notable aspect of this comparison is that the specific index tracked by neither AVLV nor AVUS is listed as 'not available' in the provided data. For beginners, this means it is difficult to assess the exact methodology or benchmark these funds aim to replicate without further research. Investors typically compare ETFs against a benchmark index to evaluate performance, so this lack of transparency requires relying on other data points like holdings and sector weights.

How do the top holdings of AVLV and AVUS overlap?

Both funds share several significant holdings in their top ten, including Microsoft (MSFT), Meta (META), Amazon (AMZN), Apple (AAPL), JPMorgan (JPM), and Exxon Mobil (XOM). This overlap indicates that despite their different strategy labels, they hold many of the same large-cap US companies. However, the weighting differs; for instance, AAPL is 2.75% in AVLV but 5.75% in AVUS. This concentration in tech giants affects each fund's sensitivity to that sector.

Which fund has a higher dividend yield?

AVLV has a dividend yield of 1.11%, while AVUS has a yield of 0.92%. This means AVLV currently provides a higher income return to investors. For income-focused investors, this difference might be a factor, although both yields are relatively modest compared to dedicated dividend ETFs. The higher yield in AVLV may stem from its value-oriented strategy, which often targets established companies with stable cash flows.

How do the net assets of AVLV and AVUS compare?

AVLV holds net assets of £21.5 billion, whereas AVUS holds £14.5 billion. Both funds are substantial in size, which typically enhances liquidity and trading efficiency. Larger net assets often allow for tighter bid-ask spreads, making it easier for investors to enter and exit positions at fair prices. The size difference is not extreme enough to suggest a significant liquidity risk for either fund.

How do the inception dates affect the funds' operational history?

AVUS was established on 24 September 2019, giving it a longer operational history than AVLV, which launched on 21 September 2021. A longer track record can provide more data for evaluating how the fund behaves across different market conditions. However, both funds are relatively new compared to traditional index funds. Investors should consider that past performance for both is limited to a shorter timeframe.

What are the risks of concentration in the top holdings?

Both funds show concentration in major tech stocks. AVLV holds Microsoft at 3.30% and Meta at 3.24%, while AVUS holds Apple at 5.75% and NVIDIA at 5.61%. This concentration means the funds' performance is heavily influenced by these specific companies. If the tech sector underperforms, both ETFs could suffer disproportionately. Diversification within these top holdings is limited, increasing sector-specific risk.

How should beginners interpret the 'sector weights' data?

In the provided data, the sector weights for both AVLV and AVUS are marked as 'not available'. This is a limitation for beginners trying to understand the funds' exposure to specific industries like technology, healthcare, or energy. Without this data, one must look at the top individual holdings to infer sector concentration. For example, seeing many tech names in the top holdings suggests high technology sector weight.

AVLV vs AVUS

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

This page compares Avantis U.S. Large Cap Value ETF (AVLV) and Avantis US Equity ETF (AVUS). Both have a 0.15% expense ratio but differ in holdings, dividend yield, and how each fund tracks its market. Explore these distinctions to understand each ETF’s approach. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVLV

Metric

AVUS

0.15%

Expense Ratio

0.15%

1.11%

Dividend Yield

0.92%

$21.49B

Net Assets

$14.48B

303

Holdings

1,921

Sep 21, 2021

Inception Date

Sep 24, 2019

–

Index Tracked

–

Large Value

Fund Category

Large Blend

Both funds charge the same annual fee.

Shared Top Holdings

Holding	AVLV	AVUS
MSFTMicrosoft Corporation	3.30%	4.33%
METAMeta Platforms, Inc.	3.24%	2.37%
MUMicron Technology, Inc.	3.13%	2.33%
AMZNAmazon.com, Inc.	2.90%	3.38%
AAPLApple Inc.	2.75%	5.75%
JPMJPMorgan Chase & Co.	2.74%	1.40%
XOMExxonMobil Holdings Corporation	2.42%	1.22%

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Compare AVLV and CGDV expense ratios, dividend yields, top holdings and tracking for US large value ETFs in this factual breakdown of key differences.

Investment Analysis

AVLV

Pros

A relatively low expense ratio of 0.15 per cent makes the fund cost-effective for investors.
Significant net assets of 21.5 billion dollars enhance liquidity and trading efficiency for the ETF.
Since its inception in September 2021, the fund has demonstrated a stable investment strategy.

Considerations

A low dividend yield of 1.11 per cent might not appeal to income-focused investors.
The lack of available information on the tracked index complicates understanding its methodology.
Holding weights of large-cap stocks like Microsoft and Meta limit diversification within the portfolio.

AVUS

Pros

With a 0.15 per cent expense ratio, this fund offers low-cost exposure to U.S. equities.
Investors benefit from the fund’s substantial net assets of 14.5 billion dollars, indicating strong liquidity.
Established since September 2019, the fund has a longer operational history compared to its peer.

Considerations

Its dividend yield of 0.92 per cent is modest, potentially unsuitable for income-oriented investors.
The fund’s inability to provide tracked index information obscures its investment methodology.
Concentration in mega-cap holdings like Apple and NVIDIA reduces overall portfolio diversification.

About AVLV and AVUS

AVLV (AVLV)

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund designed to provide exposure to large-capitalisation companies in the United States that are considered undervalued relative to their fundamentals. Launched in September 2021, this fund seeks to capture the value factor, which historically suggests that cheaper stocks may outperform more expensive ones over long periods. With a low expense ratio of 0.15%, it offers a cost-efficient way for investors to diversify their portfolios within the US equity market. The fund holds over 300 companies, providing broad exposure while maintaining a focus on value metrics. Investors should note that while value stocks can offer attractive opportunities, they may underperform growth stocks during certain market cycles. As with any investment, values can rise and fall, and returns are not guaranteed.

AVUS (AVUS)

The Avantis US Equity ETF (AVUS) is a large blend fund designed for investors seeking broad exposure to the US stock market. Launched in September 2019, this fund offers a cost-effective way to participate in the performance of American equities, holding over 1,900 companies across various sectors. With a low expense ratio of 0.15%, it aims to provide efficient market access while potentially capturing returns from both value and growth segments within the large-cap spectrum. Investors should note that while it offers diversification through its numerous holdings, equity markets can be volatile, and values may rise or fall. The fund has accumulated substantial net assets, indicating strong investor interest since its inception. Dividend yield is present, providing a modest income component alongside potential capital appreciation. As with any investment, it's essential to consider your risk tolerance and investment goals before adding this ETF to your portfolio.

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AVLV vs AVUS

Fund Snapshot