How do the expense ratios of AVLV and VOO compare?

The expense ratio represents the annual fee charged to manage an ETF, deducted from the fund's assets. Based on the provided data, AVLV has an expense ratio of 0.15%, while VOO charges 0.03%. This indicates that VOO's fee structure is lower than that of AVLV. When comparing ETFs, investors often examine these costs because fees can impact net returns over time. The difference of 0.12 percentage points means that for every dollar invested, VOO costs slightly less in annual management fees compared to AVLV, all else being equal.

What is the impact of expense ratios on long-term returns?

Expense ratios reduce an investor's overall return because the fee is taken from the fund's assets annually. If two ETFs have identical gross performance, the one with the lower expense ratio will generally result in higher net returns for the investor. For example, comparing the 0.15% expense ratio of AVLV with the 0.03% expense ratio of VOO, the latter has a cost advantage. While a small percentage difference may seem negligible, over many years of compounding, lower fees can contribute to a larger final balance, assuming market returns remain the same for both funds.

How do the asset sizes of AVLV and VOO differ?

Net assets, often referred to as assets under management, indicate the total value of the fund's holdings. According to the data, AVLV has net assets of $21.5 billion, whereas VOO boasts $1.08 trillion. This significant difference in scale suggests that VOO is a much larger fund. Larger funds typically offer high liquidity, meaning investors can buy or sell shares with less impact on the price. While AVLV's size is substantial, VOO's massive asset base reflects its widespread adoption and potential efficiency in trading volumes.

Which fund has a longer operating history?

Inception date provides context regarding a fund's track record. VOO was launched on 7 September 2010, giving it over a decade of operational history as per the provided data. In contrast, AVLV began trading on 21 September 2021, making it a much younger fund. A longer history can allow investors to observe how a fund has performed across different market cycles. However, the newer inception date of AVLV does not necessarily imply poor performance, but rather less historical data is available for comparison compared to the established VOO.

How similar are the top holdings of AVLV and VOO?

Examining the top ten holdings reveals significant overlap between the two ETFs. Both AVLV and VOO include Microsoft (MSFT), Meta Platforms (META), Micron Technology (MU), Amazon (AMZN), and Apple (AAPL) in their top lists. Despite this overlap, the weighting differs; for instance, Apple accounts for 2.75% of AVLV but 7.03% of VOO. This suggests that while both funds invest in large US companies, the concentration in specific tech giants varies, with VOO showing a higher weight in certain stocks like Apple and Microsoft compared to AVLV.

What categories do AVLV and VOO fall into?

AVLV is classified as a Large Value ETF, while VOO is a Large Blend ETF. Large Value funds typically target companies that appear undervalued relative to their fundamentals, such as earnings or book value. Large Blend funds, like VOO which tracks the S&P 500, aim to represent the overall large-cap US equity market by mixing both value and growth stocks. This difference in category implies distinct investment strategies: AVLV focuses on the value factor, whereas VOO seeks broad market exposure, potentially including more growth-oriented firms.

How do the dividend yields of these ETFs compare?

The dividend yield is a measure of the annual dividends paid by a fund relative to its share price. According to the data, AVLV has a dividend yield of 1.11%, while VOO's yield is 1.03%. Both yields are relatively modest and quite similar. Investors should note that dividend yields can fluctuate based on market conditions and changes in corporate dividend policies. The slight difference of 0.08 percentage points means AVLV is currently distributing a marginally higher income yield than VOO, though both are primarily total-return oriented funds.

Are the indices tracked by these funds available?

Transparency regarding the underlying benchmark helps investors understand what a fund is aiming to replicate. However, the provided data states that the index tracked for AVLV is not available. Similarly, the index tracked for VOO is also listed as not available in the given dataset. While VOO is widely known to track the S&P 500, strict adherence to the provided ground truth requires acknowledging that this specific information is missing from the comparison data source. Investors should verify benchmark details directly from the issuer's documentation.

How might an investor decide between these two ETFs?

Choosing between AVLV and VOO often depends on an investor's specific goals and market outlook. VOO, with its Large Blend classification and lower 0.03% expense ratio, is typically associated with broad US equity market exposure. AVLV, with a 0.15% expense ratio and Large Value classification, is designed to capture value factors within the large-cap space. Neither is universally superior; rather, they serve different strategic purposes. One might prefer the broad diversification and low cost of VOO, while another might seek the potential factor tilts offered by AVLV's value-oriented approach.

AVLV vs VOO

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

Compare AVLV and VOO, featuring the Avantis U.S. Large Cap Value ETF and the S&P 500 Vanguard ETF. This page contrasts expense ratios, net assets, dividend yields, and top holdings. See how each fund tracks its market, from value-focused portfolios to broad large blend exposure. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVLV

Metric

VOO

0.15%

Expense Ratio

0.03%

1.11%

Dividend Yield

1.03%

$21.49B

Net Assets

$1.08T

303

Holdings

516

Sep 21, 2021

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Blend

VOO costs about $12.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	AVLV	VOO
MSFTMicrosoft Corporation	3.30%	5.70%
METAMeta Platforms, Inc.	3.24%	1.90%
MUMicron Technology, Inc.	3.13%	1.63%
AMZNAmazon.com, Inc.	2.90%	3.84%
AAPLApple Inc.	2.75%	7.03%

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Investment Analysis

AVLV

Pros

The fund charges a reasonable expense ratio of 0.15%.
Its net assets have grown to $21.5 billion, indicating solid scale.
The portfolio includes major large-cap firms like Microsoft and Meta.

Considerations

The dividend yield is modest at 1.11%.
The index tracked is not available, reducing transparency.
The fund has a short inception history dating to September 2021.

VOO

Pros

The expense ratio is very low at just 0.03%.
With $1.08 trillion in assets, it offers enormous liquidity and scale.
Its inception date of September 2010 reflects a long operating history.

Considerations

The dividend yield is low at 1.03%.
Holdings are heavily concentrated in top tech firms.
The index tracked is not available in the provided data.

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About AVLV and VOO

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.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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AVLV vs VOO

Fund Snapshot