ATI vs. AVES

Last updated Apr 1, 2026

Compare and contrast key facts about Allegheny Technologies Incorporated (ATI) and Avantis Emerging Markets Value ETF (AVES).

AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

ATI vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allegheny Technologies Incorporated (ATI) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

ATI vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ATI Allegheny Technologies Incorporated	26.75%	108.50%	21.05%	52.28%	87.45%	-4.21%
AVES Avantis Emerging Markets Value ETF	2.97%	30.49%	4.50%	16.79%	-16.04%	1.32%

Returns By Period

In the year-to-date period, ATI achieves a 26.75% return, which is significantly higher than AVES's 2.97% return.

ATI

• 1D: 7.35%
• 1M: -11.08%
• YTD: 26.75%
• 6M: 78.83%
• 1Y: 179.57%
• 3Y*: 54.48%
• 5Y*: 45.90%
• 10Y*: 24.55%

AVES

• 1D: 3.01%
• 1M: -9.24%
• YTD: 2.97%
• 6M: 6.68%
• 1Y: 31.64%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ATI vs. AVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATI

ATI Risk / Return Rank: 97
ATI Sharpe Ratio Rank: 98
ATI Sortino Ratio Rank: 96
ATI Omega Ratio Rank: 97
ATI Calmar Ratio Rank: 97
ATI Martin Ratio Rank: 96

AVES

AVES Risk / Return Rank: 86
AVES Sharpe Ratio Rank: 87
AVES Sortino Ratio Rank: 87
AVES Omega Ratio Rank: 88
AVES Calmar Ratio Rank: 85
AVES Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATI vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allegheny Technologies Incorporated (ATI) and Avantis Emerging Markets Value ETF (AVES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ATI	AVES	Difference
Sharpe ratio Return per unit of total volatility	3.72	1.76	+1.96
Sortino ratio Return per unit of downside risk	3.72	2.32	+1.40
Omega ratio Gain probability vs. loss probability	1.62	1.34	+0.27
Calmar ratio Return relative to maximum drawdown	7.33	2.40	+4.93
Martin ratio Return relative to average drawdown	17.77	9.31	+8.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATI vs. AVES - Sharpe Ratio Comparison

The current ATI Sharpe Ratio is 3.72, which is higher than the AVES Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ATI and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ATI	AVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.72	1.76	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.46	-0.36

Correlation

The correlation between ATI and AVES is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ATI vs. AVES - Dividend Comparison

ATI has not paid dividends to shareholders, while AVES's dividend yield for the trailing twelve months is around 3.19%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATI Allegheny Technologies Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.51%	5.51%
AVES Avantis Emerging Markets Value ETF	3.19%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ATI vs. AVES - Drawdown Comparison

The maximum ATI drawdown since its inception was -94.72%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for ATI and AVES.

Drawdown Indicators

	ATI	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-94.72%	-27.40%	-67.32%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-12.90%	-12.41%
Max Drawdown (5Y) Largest decline over 5 years	-43.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-82.43%	—	—
Current Drawdown Current decline from peak	-12.59%	-10.28%	-2.31%
Average Drawdown Average peak-to-trough decline	-61.04%	-7.91%	-53.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.44%	3.33%	+7.11%

Volatility

ATI vs. AVES - Volatility Comparison

Allegheny Technologies Incorporated (ATI) has a higher volatility of 17.17% compared to Avantis Emerging Markets Value ETF (AVES) at 8.89%. This indicates that ATI's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATI	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.17%	8.89%	+8.28%
Volatility (6M) Calculated over the trailing 6-month period	27.78%	12.90%	+14.88%
Volatility (1Y) Calculated over the trailing 1-year period	48.63%	18.09%	+30.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.84%	16.73%	+26.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.93%	16.73%	+35.20%