AVSE vs HFXI
Avantis Responsible Emerging Markets Equity ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI 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 | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.20% | |
| AUM | $221M | $2.1B | |
| Dividend Yield | 2.16% | 3.39% | |
| Holdings | 2,438 | 876 | |
| YTD Return | +19.26% | +17.30% | |
| 1Y Return | +34.08% | +29.54% | |
| 3Y Return (annualized) | +24.17% | +21.69% | |
| 5Y Return (annualized) | - | +12.45% | |
| Volatility (annualized) | 18.4% | 13.8% | |
| Max Drawdown | -26.3% | -34.2% | |
| Fund Family | Avantis Investors | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Mar 28, 2022 | Jul 22, 2015 |
AVSE vs HFXI Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year AVSE returned +34.08% while HFXI returned +29.54%. Year to date, AVSE is up 19.26% versus a gain of 17.30% for HFXI.
Over three years, AVSE compounded at +24.17% per year against +21.69% for HFXI. Across the full 4-year window we track, AVSE has the edge at +13.60% annualized vs +7.92%. 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 13.8% for HFXI. 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 -34.2% for HFXI. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVSE charges 0.33% per year while HFXI charges 0.20%. On a $10,000 position that is $33 vs $20 annually, a gap of $13 per year that compounds over a long holding period. On income, AVSE currently yields 2.16% against 3.39% for HFXI.
Holdings Overlap
AVSE and HFXI share 24 holdings out of 2245 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or HFXI?
AVSE has an expense ratio of 0.33% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, AVSE or HFXI?
Over the past year AVSE returned +34.08% vs +29.54% for HFXI, so AVSE leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.60% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, AVSE or HFXI?
AVSE has been the more volatile fund at 18.4% annualized versus 13.8% for HFXI. Worst drawdown: AVSE -26.3% vs HFXI -34.2%.
Should I hold both AVSE and HFXI?
AVSE and HFXI have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and HFXI?
AVSE and HFXI share 24 common holdings with a 3.9% weight overlap. Combined, they hold 2245 unique securities.
Which pays a higher dividend, AVSE or HFXI?
AVSE yields 2.16% while HFXI yields 3.39%, so HFXI currently pays the higher dividend yield.
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