- ISIN
- US0250723725
- CUSIP
- 25072372
- Issuer
- Avantis
- Inception Date
- Sep 28, 2021
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class Style
- Value
- Assets Under Management
- $1B
Share Price Chart
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Performance
AVES Performance Chart
Avantis Emerging Markets Value ETF (AVES) is up 17.7% since the beginning of the year. AVES is currently trading at $68 per share.
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Returns By Period
Avantis Emerging Markets Value ETF (AVES) has returned 17.72% so far this year and 35.91% over the past 12 months.
Avantis Emerging Markets Value ETF
- 1D
- -0.38%
- 1M
- 3.45%
- YTD
- 17.72%
- 6M
- 18.29%
- 1Y
- 35.91%
- 3Y*
- 20.96%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AVES Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2021, AVES's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +15.1%, while the worst month was Sep 2022 at -11.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AVES closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +6.0%, while the worst single day was Apr 4, 2025 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.76% | 6.28% | -9.24% | 8.99% | 3.58% | 1.27% | 17.72% | ||||||
| 2025 | -0.15% | 0.11% | 2.12% | 1.29% | 6.36% | 6.90% | 0.77% | 2.95% | 3.28% | 1.19% | -0.03% | 2.42% | 30.49% |
| 2024 | -2.81% | 4.48% | 1.52% | 0.99% | 2.55% | 0.30% | 0.70% | 0.98% | 5.18% | -4.30% | -1.66% | -3.05% | 4.50% |
| 2023 | 8.59% | -5.37% | 1.38% | 1.01% | -2.59% | 5.08% | 6.51% | -5.38% | -1.25% | -3.94% | 8.36% | 4.69% | 16.79% |
| 2022 | -0.48% | -1.66% | -0.93% | -5.47% | 0.69% | -8.42% | -0.06% | -0.47% | -11.06% | 0.34% | 15.11% | -2.80% | -16.04% |
| 2021 | -0.36% | -0.43% | -2.55% | 4.41% | 0.95% |
Benchmark Metrics
Avantis Emerging Markets Value ETF has an annualized alpha of 2.74%, beta of 0.67, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since September 30, 2021.
- This ETF participated in 69.04% of S&P 500 Index downside but only 67.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 may look defensive, but with R2 of 0.45 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.74%
- Beta
- 0.67
- R²
- 0.45
- Upside Capture
- 67.81%
- Downside Capture
- 69.04%
Expense Ratio
AVES has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AVES ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVES | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.78 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.12 | 12.44 | -2.32 |
Dividends
Dividend History
Avantis Emerging Markets Value ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of $2.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.36 | $1.85 | $1.89 | $1.82 | $1.52 | $0.32 |
Dividend yield | 3.46% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Avantis Emerging Markets Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.44 | $0.51 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.82 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $1.52 |
| 2021 | $0.32 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Avantis Emerging Markets Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Avantis Emerging Markets Value ETF was 27.40%, occurring on Oct 24, 2022. Recovery took 364 trading sessions.
The current Avantis Emerging Markets Value ETF drawdown is 0.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -27.40%Oct 2022 | 9mo 14d | 1y 5mo | 2y 2moJan 2022 - Apr 2024 |
2025 selloff2025 | -18.50%Apr 2025 | 6mo 7d | 1mo 27d | 8mo 4dOct 2024 - Jun 2025 |
2026 correction2026 | -12.90%Mar 2026 | 1mo 2d | 1mo 7d | 2mo 9dFeb 2026 - May 2026 |
2024 pullback2024 | -8.51%Aug 2024 | 22d | 1mo 19d | 2mo 11dJul 2024 - Sep 2024 |
2026 pullback2026 | -6.73%Jun 2026 | 8d | 5d | 13dJun 2026 - Jun 2026 |
Drawdown Indicators
| AVES | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -56.78% | +29.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -9.10% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -18.90% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.80% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -10.71% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.03% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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