AVEE vs. VEXC

Last updated Aug 2, 2026

AVEE (Avantis Emerging Markets Small Cap Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - AVEE tracks the MSCI Emerging Markets Small Cap Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.88 means they have usually moved in the same direction. AVEE charges 0.42%/yr vs 0.07%/yr for VEXC.

Performance

AVEE vs. VEXC - Performance Comparison

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

Returns By Period

In the year-to-date period, AVEE achieves a 2.14% return, which is significantly lower than VEXC's 17.29% return.

AVEE

• 1D: -0.36%
• 1M: -7.56%
• 6M: -3.22%
• YTD: 2.14%
• 1Y: 8.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.24%

VEXC

• 1D: 1.25%
• 1M: -2.53%
• 6M: 11.04%
• YTD: 17.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVEE Avantis Emerging Markets Small Cap Equity ETF	$1.25M	$1.05M	$861.76K
VEXC Vanguard Emerging Markets Ex-China ETF	$2.10M	$2.14M	$2.87M

AVEE vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.14%	-1.69%
VEXC Vanguard Emerging Markets Ex-China ETF	17.29%	4.50%

Correlation

The correlation between AVEE and VEXC is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.88

Return for Risk

AVEE vs. VEXC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVEE

AVEE Risk / Return Rank: 21
AVEE Sharpe Ratio Rank: 20
AVEE Sortino Ratio Rank: 20
AVEE Omega Ratio Rank: 20
AVEE Calmar Ratio Rank: 21
AVEE Martin Ratio Rank: 24

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVEE vs. VEXC - Risk-Adjusted Trends Comparison

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

	AVEE	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	0.41	—	—
Sortino ratio: Return per unit of downside risk	0.68	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.56	—	—
Martin ratio: Return relative to average drawdown	1.79	—	—

Drawdowns

AVEE vs. VEXC - Drawdown Comparison

The maximum AVEE drawdown since its inception was -20.21%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for AVEE and VEXC.

Drawdown Indicators

	AVEE	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-12.42%	-7.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	—	—
Current Drawdown Current decline from peak	-12.56%	-6.04%	-6.52%
Average Drawdown Average peak-to-trough decline	-3.83%	-2.61%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	—	—

Volatility

Volatility by Period

	AVEE	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	20.44%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	20.44%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	20.44%	-3.09%

AVEE vs. VEXC - Expense Ratio Comparison

AVEE has a 0.42% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

AVEE vs. VEXC - Dividend Comparison

AVEE's dividend yield for the trailing twelve months is around 2.43%, more than VEXC's 1.47% yield.

Position	TTM	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.43%	2.25%	3.26%	0.39%
VEXC Vanguard Emerging Markets Ex-China ETF	1.47%	0.43%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEE and VEXC in my portfolio?

AVEE and VEXC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVEE or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVEE or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.42% for AVEE.

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

AVEE has the higher dividend yield at 2.43%, compared with 1.47% for VEXC.

What is the main difference between AVEE and VEXC?

AVEE tracks MSCI Emerging Markets Small Cap Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.42% for AVEE and 0.07% for VEXC.