AVEE vs. AVDE

Last updated Jun 5, 2026

AVEE (Avantis Emerging Markets Small Cap Equity ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - AVEE is a Emerging Markets Diversified fund actively managed by Avantis, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVEE returned 25.84% vs 28.13% for AVDE. A 0.72 correlation means they provide meaningful diversification when combined. AVEE charges 0.42%/yr vs 0.23%/yr for AVDE.

Performance

AVEE vs. AVDE - Performance Comparison

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

Returns By Period

In the year-to-date period, AVEE achieves a 14.52% return, which is significantly higher than AVDE's 11.25% return.

AVEE

• 1D: 0.61%
• 1M: -0.58%
• YTD: 14.52%
• 6M: 15.13%
• 1Y: 25.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDE

• 1D: 0.64%
• 1M: 2.52%
• YTD: 11.25%
• 6M: 13.95%
• 1Y: 28.13%
• 3Y*: 20.66%
• 5Y*: 10.06%
• 10Y*: —

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

AVEE vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	14.52%	19.80%	2.91%	7.28%
AVDE Avantis International Equity ETF	11.25%	38.05%	4.88%	11.34%

Correlation

The correlation between AVEE and AVDE is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.72

The correlation between AVEE and AVDE has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

AVEE vs. AVDE - Sectors Allocation Comparison

Sectors	AVEE	AVDE
Technology	22.5%	7.1%
Industrials	18.2%	20.3%
Consumer Cyclical	11.3%	9.3%
Basic Materials	9.5%	11.2%
Financial Services	9.3%	23.8%
Healthcare	6.9%	5.8%
Consumer Defensive	5.4%	4.6%
Real Estate	4.2%	1.7%
Utilities	2.9%	4.4%
Communication Services	2.8%	3.8%
Energy	2.2%	8.0%

Return for Risk

AVEE vs. AVDE — Risk / Return Rank

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

AVEE

AVEE Risk / Return Rank: 46
AVEE Sharpe Ratio Rank: 46
AVEE Sortino Ratio Rank: 44
AVEE Omega Ratio Rank: 45
AVEE Calmar Ratio Rank: 50
AVEE Martin Ratio Rank: 48

AVDE

AVDE Risk / Return Rank: 57
AVDE Sharpe Ratio Rank: 59
AVDE Sortino Ratio Rank: 59
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 51
AVDE Martin Ratio Rank: 56

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.

AVEE vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Small Cap Equity ETF (AVEE) and Avantis International Equity ETF (AVDE). 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.

	AVEE	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.95	-0.40
Sortino ratio: Return per unit of downside risk	2.16	2.73	-0.57
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.44	2.46	-0.02
Martin ratio: Return relative to average drawdown	7.81	9.71	-1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVEE vs. AVDE - Sharpe Ratio Comparison

The current AVEE Sharpe Ratio is 1.55, which is comparable to the AVDE Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of AVEE and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVEE	AVDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.95	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.65	+0.42

Drawdowns

AVEE vs. AVDE - Drawdown Comparison

The maximum AVEE drawdown since its inception was -20.21%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for AVEE and AVDE.

Drawdown Indicators

	AVEE	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-36.99%	+16.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.65%	-11.48%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.73%	—
Current Drawdown Current decline from peak	-1.97%	-0.76%	-1.21%
Average Drawdown Average peak-to-trough decline	-3.67%	-6.17%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.90%	+0.42%

Volatility

AVEE vs. AVDE - Volatility Comparison

Avantis Emerging Markets Small Cap Equity ETF (AVEE) has a higher volatility of 6.43% compared to Avantis International Equity ETF (AVDE) at 4.61%. This indicates that AVEE's price experiences larger fluctuations and is considered to be riskier than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEE	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	4.61%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	12.12%	+1.87%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	14.46%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	16.29%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	18.90%	-2.29%

AVEE vs. AVDE - Expense Ratio Comparison

AVEE has a 0.42% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

AVEE vs. AVDE - Dividend Comparison

AVEE's dividend yield for the trailing twelve months is around 2.02%, less than AVDE's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	2.50%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.02%	2.25%	3.26%	0.39%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEE and AVDE in my portfolio?

AVEE and AVDE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEE or AVDE?

AVEE has higher volatility (6.43%) compared to AVDE (4.61%). In terms of maximum drawdown, AVEE dropped -20.21% vs AVDE's -36.99%.

Which ETF is better, AVEE or AVDE?

On 1-year performance, AVDE leads with 28.13% vs 25.84% for AVEE. On fees, AVDE is cheaper at 0.23% per year. On volatility, AVDE has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVEE or AVDE?

Over the 1-year period, AVDE has performed better with a 28.13% return vs 25.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVEE or AVDE?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, AVEE or AVDE?

AVDE has the higher dividend yield at 2.50%, compared with 2.02% for AVEE.

What is the main difference between AVEE and AVDE?

AVEE is categorized as Emerging Markets Diversified, while AVDE is Foreign Large Cap Equities. Their fees differ too: 0.42% for AVEE and 0.23% for AVDE.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.95 vs 1.55), 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.