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AVDV vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDV vs. EEM

Last updated Jun 18, 2026

AVDV (Avantis International Small Cap Value ETF) and EEM (iShares MSCI Emerging Markets ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while EEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). AVDV is actively managed, while EEM is passively managed. Over the past 5 years, AVDV returned 14.77%/yr vs 7.29%/yr for EEM. A 0.73 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.72%/yr for EEM.

Performance

AVDV vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVDV achieves a 15.44% return, which is significantly lower than EEM's 25.97% return.

AVDV

1D
-0.94%
1M
0.02%
YTD
15.44%
6M
18.41%
1Y
43.14%
3Y*
26.64%
5Y*
14.77%
10Y*
—

EEM

1D
-0.12%
1M
6.07%
YTD
25.97%
6M
31.02%
1Y
49.97%
3Y*
21.67%
5Y*
7.29%
10Y*
9.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDV vs. EEM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		15.44%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%
EEM
iShares MSCI Emerging Markets ETF		25.97%33.98%6.49%8.95%-20.56%-3.63%17.02%11.29%

Correlation

The correlation between AVDV and EEM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.73

The correlation between AVDV and EEM has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

AVDV vs. EEM - Sectors Allocation Comparison

Sectors
AVDV
EEM

Industrials

22.8%
6.6%

Basic Materials

21.0%
5.9%

Consumer Cyclical

15.4%
8.3%

Financial Services

13.6%
17.7%

Energy

9.6%
3.4%

Technology

6.6%
44.3%

Consumer Defensive

3.4%
2.5%

Communication Services

2.4%
6.0%

Healthcare

2.3%
2.5%

Utilities

1.7%
1.8%

Real Estate

1.3%
1.0%

Industrials

AVDV
22.8%
EEM
6.6%

Basic Materials

AVDV
21.0%
EEM
5.9%

Consumer Cyclical

AVDV
15.4%
EEM
8.3%

Financial Services

AVDV
13.6%
EEM
17.7%

Energy

AVDV
9.6%
EEM
3.4%

Technology

AVDV
6.6%
EEM
44.3%

Consumer Defensive

AVDV
3.4%
EEM
2.5%

Communication Services

AVDV
2.4%
EEM
6.0%

Healthcare

AVDV
2.3%
EEM
2.5%

Utilities

AVDV
1.7%
EEM
1.8%

Real Estate

AVDV
1.3%
EEM
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis International Small Cap Value ETF

iShares MSCI Emerging Markets ETF

Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV
Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. VXUSEEM vs. IS3N.DEEEM vs. EEMSEEM vs. SPEM

Return for Risk

AVDV vs. EEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8585
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8585
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7070
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7474
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 7777
Overall Rank
EEM Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 7171
Sortino Ratio Rank
EEM Omega Ratio Rank: 8080
Omega Ratio Rank
EEM Calmar Ratio Rank: 7878
Calmar Ratio Rank
EEM Martin Ratio Rank: 7777
Martin Ratio Rank
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.

AVDV vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and iShares MSCI Emerging Markets ETF (EEM). 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.

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.

AVDVEEMDifference
Sharpe ratioReturn per unit of total volatility
2.67
2.30

+0.36

Sortino ratioReturn per unit of downside risk
3.51
2.97

+0.54

Omega ratioGain probability vs. loss probability

1.48

1.43

+0.04

Calmar ratioReturn relative to maximum drawdown

3.29

3.71

-0.43

Martin ratioReturn relative to average drawdown

13.11

13.67

-0.56

AVDV vs. EEM - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.67, which is comparable to the EEM Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of AVDV and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVDV vs. EEM - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for AVDV and EEM.

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Drawdown Indicators

AVDVEEMDifference

Max Drawdown

Largest peak-to-trough decline

-43.01%

-66.43%

+23.42%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-13.52%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-17.29%

+3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-37.49%

+9.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.82%

—

Current Drawdown

Current decline from peak

-1.85%

-2.66%

+0.81%

Average Drawdown

Average peak-to-trough decline

-6.75%

-16.00%

+9.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

3.67%

-0.37%

Volatility

AVDV vs. EEM - Volatility Comparison

The current volatility for Avantis International Small Cap Value ETF (AVDV) is 6.07%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.76%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVDVEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.07%

10.76%

-4.69%

Volatility (6M)

Calculated over the trailing 6-month period

13.95%

19.65%

-5.70%

Volatility (1Y)

Calculated over the trailing 1-year period

16.28%

21.84%

-5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

19.33%

-1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.76%

20.67%

-0.91%

AVDV vs. EEM - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

AVDV vs. EEM - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.09%, more than EEM's 1.62% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.09%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
EEM
iShares MSCI Emerging Markets ETF		1.62%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%

Frequently Asked Questions

AVDV and EEM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (10.76%) compared to AVDV (6.07%). In terms of maximum drawdown, AVDV dropped -43.01% vs EEM's -66.43%.

On 5-year performance, AVDV leads with 14.77% vs 7.29% for EEM. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVDV has performed better with a 14.77% return vs 7.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.72% for EEM.

AVDV has the higher dividend yield at 4.09%, compared with 1.62% for EEM.

AVDV is categorized as Foreign Small & Mid Cap Equities, while EEM is Emerging Markets Diversified. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.36% for AVDV and 0.72% for EEM.

AVDV currently has the higher Sharpe Ratio (2.67 vs 2.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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