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* 70% VOO - US large-cap * 10% AVUV - US small-cap value * 20% AVNM - Ex-US
Imagine if you would have done AVDE or AVNM instead.
>I backtested it Careful with this, you have less than 3 years of info to go on, that's basically nothing. >What do you think about AVNM? It looks like (using very quick research on my phone) it'll have a large number of holdings as a base, as well as be factor tilted from there. That may be fine.
Thank you! What do you think about AVNM? I backtested it and it performed better than VXUS.
Well, I'm looking at AVNM right now during regular hours and the spread is 3 cents. That's nothing, and it's what I'd expect in a normal market. An ETF share has an NAV (Net Asset Value), which is based on the prices of all it's holdings at any given point in time. In a normal market, the bid / ask spread is going to be right around whatever the NAV is. In a fast, panicky market, the spread may open up to the point where the price you'd have to sell at would be significantly below the NAV. That really isn't any different than a regular stock. A low float just exacerbates that, same as it would with a regular stock. That's why pump-and-dump stocks are usually ones with low floats. I'm not saying AVNM is a pump-and-dump, it's just that the mechanics can work the same way when there's a severe imbalance between buy demand and sell demand.
It could matter in a volatile market on a given day. AVNM for example has a low float, and low daily volume. In a stable market, it's probably not that big a deal. I would log into your trading platform during regular hours on a quiet day and see what the bid/ask spead is on them. Then also do that on a big down day. Theoretically the ETF sponsor should provide some buying support for the NAV but there's no guarantee if everybody's heading for the exits.
Gold is a good hedge in a down market or when dollar performs poorly. Make it part of your portfolio at like 10% maybe. Not sure how much your inheritance is, but maybe divvy the funds like: SPMO /QQQM or QQQI /AVNM /GLDM. My best guidance for you - GL!
Combination of GDE, PPA, RSSB and AVNM Diversified with gold, bonds, international and defense. Pretty much hedges against most of destabilizing events and gives higher returns than SPY alone or VT alone due to slight leverage of about 1.5x which is proven to be healthy long term. Optimal is 2x but that’s too much for me personally.
If you want to be more aggressive with international, you can look into IDMO (developed momentum) + AVEM (emerging markets) or AVDE/AVNM (value + profitability tilts).
I'll keep posting it: SPMO + QQQM + AVNM + FDVV SPMO kicks VOO's ass!
The wide variety of similar DFA funds is confusing to me. I wish they had documentation that was more succinct. I’m a weekly DCAer of AVUV and AVDV currently. I like the idea of adding AVUS and AVNM to compliment buys of S&P500+Ex-US funds in my retirement account but I’m concerned about AUM and volume levels.
You'll get all the Vanguard people in here saying VXUS, but AVNM outperforms it, that's what I hold.
uhhh... I just looked at the two and am utterly confused by your statement. is it based on the 0.83% more that it's done over the last year? or the expense ratio on AVNM being 6x what VXUS is?
AVNM uses a slight factor tilt screen on ex-US equities, its the same people who made AVUV. Its not a deep factor tilt like AVUV, but you get a slight tilt toward smaller, cheaper, profitable companies with a flat exclusion on high reinvestment unprofitable smaller companies. AVNM only takes on compensated market factors, under the fama french 5-factor capm. Its a relatively short life span, but in 2023 they outperformed VXUS by 2% and by 0.5% in 2024 and in 2025 YTD, and despite this has had a smaller max drawdown and a slightly higher volatility of 13.06% vs 12.95%. Despite a short lifetime, i trust in the expertise of the ex-Dimensional funda advisors employees who founded Avantis, and their track record from their other funds as well. AVNM would be a respectable, rigorous ex-US exposure choice for anyone, even for bogleheads. While fama french premia are not super strong in the US in the post GFC period, theyve still been pretty strong ex-US. A good opportunity.
Those 2 are slow movers. EUAD is an up-and-comer (European Defense) and AVNM has outperformed both.
Forget the IXUS/VXUS crap. AVNM and EUAD is the way.
I'll give you a little variety cover all basis: VOO or FXAIX / SCHD / AVNM If you are on the younger side I would stay out of bonds, but your call on that for a little exposure.
Is there an “optimal” strategy in terms of splitting which ETFs are in a taxable brokerage vs Roth IRA? I’m aware that for stuff like bond ETFs and REITs the Roth IRA is preferred, so I was wondering if there are other similar “strategies”? If so, what’s the play with my (27m) current portfolio: Brokerage: VOO 45% AVMV 15% AVUV 15% VXUS 10% AVDV 10% AVES 5% Roth IRA: SPLG 40% SCHG 10% AVMV 15% AVUV 15% AVNM 20%
I (27m) just started investing end of January, thanks to my supervisor suggesting not to start in my late 30’s like him (thanks man). Since I’m trying to go the long-term investment route, my portfolio will be all/mostly ETFs. (I did buy 5 shares in the Nvidia dip when it was like $117) From my “quick” research this is my current portfolio in my taxable brokerage: Vanguard S&P 500 ETF (VOO) - 55% Avantis US SCV ETF (AVUV) - 20% Vanguard Total Int’l Stock ETF (VXUS)- 10% Avantis Int’l SCV ETF (AVDV) - 10% Avantis EM Value ETF (AVES) - 5% I’ve been on the fence about adding either a large-cap growth ETF or a tech ETF. The former makes more sense to me to have more ✨diversity✨ and Schwab US Large-Cap Growth ETF (SCHG) is what I’d choose. But after doing some research into the value vs. growth debate, I’ve admittedly been hit by paralysis by analysis and I’ve come to you all to break the tie in my head. Should I invest in Large Cap Growth/SCHG? If so, what percentage of my portfolio should it take? Or should I go into a more large cap value tilt? If so, what ETFs do you recommend and what percentage should that be? Or should I stop overthinking and stick with my original portfolio since we don’t know the future? (Probably) Either way, how does the portfolio look? P.S. My Roth IRA is similar but with SPLG (VOO equivalent) and replaced all my ex-US with Avantis All Int’l Markets Equity ETF (AVNM). I did also invest 15% of my portfolio into SCHG, since I can sell within the account tax-free if I have regrets. P.S.S. Does anyone else like to compare their daily performance with the S&P 500? Like in a fun “I hope I’m beating my gym rival (who doesn’t even know me) today” way.
You’re looking at factor funds thus I think it’s worthwhile to consider cost-per-unit-factor-loading. AVNM has a lower fee than AVNV but you may be better of paying a little more for a lot more factor exposure. Don’t think in absolutes (is 20bp more worth it) think in relatives (is 20bp worth it for a factor loading of X, Y, and Z to HmL, SmB, and RmW. Personally I think so. My entire equity port is in small/deep value and momentum funds with weighted ER around 38bp plus pay ~1% for a managed-futures overlay. But I wouldn’t be likely to pay for a fund like AVNM personally… even though I get the arguments for using it rather than say VXUS plus deeper tilted funds.
All equities. Add a little bond exposure with IUSB or BND or BNDX. You can even switch out the two Vanguard funds for AVGE and AVNM respectively.