AVEM vs AVES
Avantis Emerging Markets Equity ETF vs Avantis Emerging Markets Value ETF
Which is better, AVEM or AVES?
Nearly the same fund. AVEM costs less.
AVEM has a lower expense ratio. AVEM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | AVEM | AVES |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.36% |
| AUM | $25.7B | $1.4B |
| Dividend Yield | 2.72% | 3.64% |
| Holdings | 6,085 | 3,980 |
| YTD Return | +10.10%Best | +3.49% |
| 1Y Return | +13.04%Best | +6.28% |
| 3Y Return (annualized) | +20.78%Best | +15.95% |
| 5Y Return (annualized) | +8.76%Best | +7.34% |
| Volatility (annualized) | 17.7% | 16.6%Best |
| Max Drawdown | -30.6% | -27.4%Best |
| $10,000 over 5 years | $15,218Best | $14,250 |
| Fund Family | Avantis Investors | Avantis Investors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 17, 2019 | Sep 29, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Nov 9, 2026 (5.1 years).
AVEM vs AVES 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 5.1 years both funds cover.
AVEM vs AVES Performance
Avantis Emerging Markets Equity ETF (AVEM) is an ETF from Avantis Investors and Avantis Emerging Markets Value ETF (AVES) is an ETF from Avantis Investors. Over the past year AVEM returned +13.04% while AVES returned +6.28%. Year to date, AVEM is up 10.10% versus a gain of 3.49% for AVES.
Over three years, AVEM compounded at +20.78% per year against +15.95% for AVES; over five years the annualized figures are +8.76% and +7.34% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVEM has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 16.6% for AVES. 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 -30.6% for AVEM and -27.4% for AVES. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVEM charges 0.33% per year while AVES charges 0.36%. On a $10,000 position that is $33 vs $36 annually, a gap of $3 per year that compounds over a long holding period. On income, AVEM currently yields 2.72% against 3.64% for AVES.
Holdings Overlap
At least 84.6% of AVES's money is in holdings AVEM also owns.
Stated as a floor: for AVEM, our book for it covers 92.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of AVES is already inside AVEM. Owning both mostly buys the same companies twice.
952 positions in common, counted across the 2,995 positions we hold weights for in AVEM and 1,194 in AVES, against full books of 6,085 and 3,980.
Top Shared Holdings
| Stock | Weight in AVEM | Weight in AVES | Difference |
|---|---|---|---|
| ASX:TWAse Technology Holding Co., Ltd. American Depositary Shares (Each Representing Two Common Shares) | 0.69% | 1.79% | 1.10% |
| 2881:TWFubon Financial Holding Co Ltd | 0.77% | 1.31% | 0.54% |
| 086790:KRHana Financial Group Inc | 0.50% | 1.13% | 0.63% |
| KB:KRKb Financial Group Inc. Sponsored Adr (1 Ads : 1 Ordinary) | 0.68% | 0.89% | 0.21% |
| 2303:TWUnited Microelectronics Corp | 0.65% | 0.81% | 0.16% |
| 066570:KRLg Electronics Inc | 0.37% | 1.04% | 0.67% |
| 2882:TWCathay Financial Holding Co Ltd | 0.46% | 0.94% | 0.48% |
| SHGShinhan Financial Group Co. Ltd. Adr | 0.48% | 0.89% | 0.41% |
| 3481:TWInnolux Corp | 0.20% | 1.17% | 0.97% |
| 316140:KRWoori Financial Group Inc | 0.25% | 0.83% | 0.58% |
84.6% of AVES is already inside AVEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVEM or AVES?
AVEM has an expense ratio of 0.33% while AVES charges 0.36%. AVEM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, AVEM or AVES?
Over the past year AVEM returned +13.04% vs +6.28% for AVES, so AVEM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVEM or AVES?
AVEM has been the more volatile fund at 17.7% annualized versus 16.6% for AVES. Worst drawdown: AVEM -30.6% vs AVES -27.4%.
Should I hold both AVEM and AVES?
AVEM and AVES have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AVEM and AVES?
At least 84.6% of AVES's money is in holdings AVEM also owns. Our book for AVEM is partial, so the real figure is this or higher. They hold 952 positions in common, counted across the 2,995 positions we hold weights for in AVEM and 1,194 in AVES.
Which pays a higher dividend, AVEM or AVES?
AVEM yields 2.72% while AVES yields 3.64%, so AVES currently pays the higher dividend yield.
Is AVES better than AVEM?
AVEM has a lower expense ratio. AVEM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.