AVSE vs FMN
Avantis Responsible Emerging Markets Equity ETF vs Federated Hermes Premier Municipal Income Fund
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 | FMN | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.75% | |
| AUM | $221M | $16M | |
| Dividend Yield | 2.16% | 4.43% | |
| Holdings | 2,438 | 150 | |
| YTD Return | +19.26% | +1.66% | |
| 1Y Return | +34.08% | +8.44% | |
| 3Y Return (annualized) | +24.17% | +7.15% | |
| 5Y Return (annualized) | - | -3.05% | |
| Volatility (annualized) | 18.4% | 14.7% | |
| Max Drawdown | -26.3% | -53.4% | |
| Fund Family | Avantis Investors | Federated Hermes | |
| Category | Equity | Tax Preferred | |
| Inception | Mar 28, 2022 | Dec 20, 2002 |
AVSE vs FMN Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes. Over the past year AVSE returned +34.08% while FMN returned +8.44%. Year to date, AVSE is up 19.26% versus a gain of 1.66% for FMN.
Over three years, AVSE compounded at +24.17% per year against +7.15% for FMN. Across the full 4-year window we track, AVSE has the edge at +13.60% annualized vs -0.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVSE has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.7% for FMN. 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 -53.4% for FMN. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVSE charges 0.33% per year while FMN charges 0.75%. On a $10,000 position that is $33 vs $75 annually, a gap of $42 per year that compounds over a long holding period. On income, AVSE currently yields 2.16% against 4.43% for FMN.
Holdings Overlap
AVSE and FMN share 0 holdings out of 1612 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or FMN?
AVSE has an expense ratio of 0.33% while FMN charges 0.75%. AVSE is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, AVSE or FMN?
Over the past year AVSE returned +34.08% vs +8.44% for FMN, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.60% vs -0.28% for FMN. Past performance does not guarantee future results.
Which is riskier, AVSE or FMN?
AVSE has been the more volatile fund at 18.4% annualized versus 14.7% for FMN. Worst drawdown: AVSE -26.3% vs FMN -53.4%.
Should I hold both AVSE and FMN?
AVSE and FMN have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and FMN?
AVSE and FMN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1612 unique securities.
Which pays a higher dividend, AVSE or FMN?
AVSE yields 2.16% while FMN yields 4.43%, so FMN currently pays the higher dividend yield.
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