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 | $27.9B | $1.6B |
| Dividend Yield | 2.56% | 3.43% |
| Holdings | 3,967 | 1,887 |
| YTD Return | +16.92%Best | +10.57% |
| 1Y Return | +25.79%Best | +18.37% |
| 3Y Return (annualized) | +23.36%Best | +18.46% |
| 5Y Return (annualized) | +10.03%Best | +8.70% |
| Volatility (annualized) | 17.5% | 16.3%Best |
| Max Drawdown | -30.6% | -27.4%Best |
| $10,000 over 5 years | $16,127Best | $15,176 |
| 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 Oct 14, 2026 (5 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 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 +25.79% while AVES returned +18.37%. Year to date, AVEM is up 16.92% versus a gain of 10.57% for AVES.
Over three years, AVEM compounded at +23.36% per year against +18.46% for AVES; over five years the annualized figures are +10.03% and +8.70% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVEM has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 16.3% 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 2.56% against 3.43% for AVES.
Holdings Overlap
We hold position weights for 21 holdings in AVEM and 13 in AVES, totalling 1.4% and 1.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 11 positions appear in both.
11 positions in common, counted across the 21 positions we hold weights for in AVEM and 13 in AVES, against full books of 3,967 and 1,887.
Top Shared Holdings
| Stock | Weight in AVEM | Weight in AVES | Difference |
|---|---|---|---|
| 2313:TWCompeq Manufacturing Co Ltd | 0.09% | 0.33% | 0.24% |
| 1258:HKChina Nonferrous Metal Ind A | 0.09% | 0.21% | 0.12% |
| 2280:AEAlmarai Co. Jsc | 0.07% | 0.17% | 0.10% |
| 1080:SAArab National Bank | 0.05% | 0.12% | 0.07% |
| 003690:KRKorean Reinsurance Co | 0.02% | 0.14% | 0.12% |
| 3323:HKChina National Building Material Co Ltd | 0.04% | 0.08% | 0.04% |
| 001200:KREugene Investment & Securities Co Ltd | 0.00% | 0.03% | 0.03% |
| 000240:KRHankook & Co Co Ltd | 0.00% | 0.02% | 0.02% |
| 001680:KRDaesang Corp | 0.00% | 0.01% | 0.01% |
| 001230:KRDongkuk Steel Mill Co Ltd | 0.00% | 0.00% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of AVEM and AVES you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
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 +25.79% vs +18.37% 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 17.5% annualized versus 16.3% 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.
Which pays a higher dividend, AVEM or AVES?
AVEM yields 2.56% while AVES yields 3.43%, 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.