AVSE vs CGW
Avantis Responsible Emerging Markets Equity ETF vs Invesco S&P Global Water Index ETF
Quick Verdict
AVSE has a lower expense ratio. AVSE delivered stronger 1-year returns. AVSE offers more diversification with 2,438 holdings.
Side-by-Side Comparison
| Metric | AVSE | CGW | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.58% | |
| AUM | $221M | $1.1B | |
| Dividend Yield | 2.16% | 1.54% | |
| Holdings | 2,438 | 82 | |
| YTD Return | +18.29% | +1.97% | |
| 1Y Return | +32.70% | +1.90% | |
| 3Y Return (annualized) | +23.81% | +11.20% | |
| 5Y Return (annualized) | - | +3.51% | |
| Volatility (annualized) | 18.3% | 17.3% | |
| Max Drawdown | -26.3% | -57.2% | |
| Fund Family | Avantis Investors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 28, 2022 | May 14, 2007 |
AVSE vs CGW Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US). Over the past year AVSE returned +32.70% while CGW returned +1.90%. Year to date, AVSE is up 18.29% versus a gain of 1.97% for CGW.
Over three years, AVSE compounded at +23.81% per year against +11.20% for CGW. Across the full 4-year window we track, AVSE has the edge at +13.40% annualized vs +7.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVSE has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 17.3% for CGW. 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 -26.3% for AVSE and -57.2% for CGW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVSE charges 0.33% per year while CGW charges 0.58%. On a $10,000 position that is $33 vs $58 annually, a gap of $25 per year that compounds over a long holding period. On income, AVSE currently yields 2.16% against 1.54% for CGW.
Holdings Overlap
AVSE and CGW share 2 holdings out of 1592 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or CGW?
AVSE has an expense ratio of 0.33% while CGW charges 0.58%. AVSE is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, AVSE or CGW?
Over the past year AVSE returned +32.70% vs +1.90% for CGW, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.40% vs +7.16% for CGW. Past performance does not guarantee future results.
Which is riskier, AVSE or CGW?
AVSE has been the more volatile fund at 18.3% annualized versus 17.3% for CGW. Worst drawdown: AVSE -26.3% vs CGW -57.2%.
Should I hold both AVSE and CGW?
AVSE and CGW have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and CGW?
AVSE and CGW share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1592 unique securities.
Which pays a higher dividend, AVSE or CGW?
AVSE yields 2.16% while CGW yields 1.54%, so AVSE currently pays the higher dividend yield.
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