AVIE vs IQSM
Avantis Inflation Focused Equity ETF vs NYLIM Candriam US Mid Cap Equity ETF
Which is better, AVIE or IQSM?
Each has led over a different period.
IQSM has a lower expense ratio. AVIE led over 1Y and the full window, IQSM over 3Y. IQSM is less concentrated, with 8.3% of the fund in its ten largest positions against 31.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVIE | IQSM |
|---|---|---|
| Expense Ratio | 0.25% | 0.15%Best |
| AUM | $13M | $360M |
| Dividend Yield | 1.52% | 1.07% |
| Holdings | 364 | 248 |
| YTD Return | +24.36%Best | +10.14% |
| 1Y Return | +30.92%Best | +14.22% |
| 3Y Return (annualized) | +14.43% | +14.53%Best |
| Volatility (annualized) | 12.1%Best | 16.5% |
| Max Drawdown | -12.4%Best | -23.7% |
| $10,000 over 4 years | $16,029Best | $15,590 |
| Top 10 Weight | 31.2% | 8.3%Best |
| Fund Family | Avantis Investors | New York Life Investments |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Sep 27, 2022 | Oct 25, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 25, 2022 to Oct 14, 2026 (4 years).
AVIE vs IQSM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
AVIE vs IQSM Performance
Avantis Inflation Focused Equity ETF (AVIE) is an ETF from Avantis Investors and NYLIM Candriam US Mid Cap Equity ETF (IQSM) is an ETF from New York Life Investments. Over the past year AVIE returned +30.92% while IQSM returned +14.22%. Year to date, AVIE is up 24.36% versus a gain of 10.14% for IQSM.
Over three years, AVIE compounded at +14.43% per year against +14.53% for IQSM. Across the full 4-year window we track, AVIE has the edge at +12.52% annualized vs +11.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSM has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.1% for AVIE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.4% for AVIE and -23.7% for IQSM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVIE charges 0.25% per year while IQSM charges 0.15%. On a $10,000 position that is $25 vs $15 annually, a gap of $10 per year that compounds over a long holding period. On income, AVIE currently yields 1.52% against 1.07% for IQSM.
Holdings Overlap
5.7% of AVIE's money is in holdings IQSM also owns. 17.3% of IQSM's money is in holdings AVIE also owns.
IQSM and AVIE share little of their money.
42 positions in common, counted across the 357 positions we hold weights for in AVIE and 246 in IQSM, against full books of 364 and 248.
What only one of them owns
Our book lists 197 positions for IQSM that do not appear in our book for AVIE (80.0% of the fund), and 281 for AVIE that do not appear in IQSM (90.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AVIE | Weight in IQSM | Difference |
|---|---|---|---|
| DINOHollyfrontier | 0.30% | 0.71% | 0.41% |
| VTRSViatris | 0.17% | 0.82% | 0.65% |
| CDECoeur Mining Inc | 0.26% | 0.69% | 0.43% |
| RGAReinsurance Group of America, Incorporated | 0.18% | 0.65% | 0.47% |
| NBIXNeurocrine Biosciences Inc | 0.15% | 0.58% | 0.43% |
| HLHecla Mining Co | 0.25% | 0.45% | 0.20% |
| JAZZJazz Pharmaceuticals Plc. | 0.13% | 0.57% | 0.44% |
| EXELExelixis Inc | 0.17% | 0.52% | 0.35% |
| UNMUnum Group | 0.17% | 0.52% | 0.35% |
| AIZAssurant, Inc. | 0.16% | 0.53% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of AVIE and IQSM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVIE or IQSM?
AVIE has an expense ratio of 0.25% while IQSM charges 0.15%. IQSM is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, AVIE or IQSM?
Over the past year AVIE returned +30.92% vs +14.22% for IQSM, so AVIE leads on 1-year performance. Over the longest common window we track (4 years), AVIE annualized +12.52% vs +11.74% for IQSM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIE or IQSM?
IQSM has been the more volatile fund at 16.5% annualized versus 12.1% for AVIE. Worst drawdown: AVIE -12.4% vs IQSM -23.7%.
Should I hold both AVIE and IQSM?
AVIE and IQSM have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AVIE and IQSM?
17.3% of IQSM's money is in holdings AVIE also owns. 17.3% of IQSM's is in holdings AVIE also owns. They hold 42 positions in common, counted across the 357 positions we hold weights for in AVIE and 246 in IQSM.
Which pays a higher dividend, AVIE or IQSM?
AVIE yields 1.52% while IQSM yields 1.07%, so AVIE currently pays the higher dividend yield.
Is IQSM better than AVIE?
IQSM has a lower expense ratio. AVIE led over 1Y and the full window, IQSM over 3Y. IQSM is less concentrated, with 8.3% of the fund in its ten largest positions against 31.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.