PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AVEEX vs. EEMS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

AVEEX vs. EEMS

Last updated Apr 2, 2026

Compare and contrast key facts about Avantis Emerging Markets Equity Fund (AVEEX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS).

AVEEX is managed by Avantis Investors. It was launched on Dec 3, 2019. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011.

Performance

AVEEX vs. EEMS - Performance Comparison

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

Loading graphics...

AVEEX vs. EEMS - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVEEX
Avantis Emerging Markets Equity Fund		2.78%32.09%7.68%15.15%-18.15%5.21%15.72%7.38%
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		3.38%19.78%3.13%23.09%-19.12%18.12%19.47%6.31%

Returns By Period

In the year-to-date period, AVEEX achieves a 2.78% return, which is significantly lower than EEMS's 3.38% return.

AVEEX

1D
2.15%
1M
-8.77%
YTD
2.78%
6M
6.29%
1Y
32.55%
3Y*
17.37%
5Y*
6.28%
10Y*
—

EEMS

1D
0.84%
1M
-5.33%
YTD
3.38%
6M
4.76%
1Y
27.44%
3Y*
14.64%
5Y*
6.60%
10Y*
8.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Avantis Emerging Markets Equity Fund

iShares MSCI Emerging Markets Small-Cap ETF

Often compared with AVEEX:
AVEEX vs. AVEMAVEEX vs. AVESAVEEX vs. FXAIXAVEEX vs. VWOAVEEX vs. DGSAVEEX vs. MOTIAVEEX vs. DFEV
Often compared with EEMS:
EEMS vs. EEMEEMS vs. EWXEEMS vs. VWOEEMS vs. EDIVEEMS vs. EYLDEEMS vs. DRESXEEMS vs. ECOW

AVEEX vs. EEMS - Expense Ratio Comparison

AVEEX has a 0.33% expense ratio, which is lower than EEMS's 0.73% expense ratio.

EEMS
iShares MSCI Emerging Markets Small-Cap ETF
AVEEX
Avantis Emerging Markets Equity Fund

Return for Risk

AVEEX vs. EEMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVEEX
AVEEX Risk / Return Rank: 9090
Overall Rank
AVEEX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
AVEEX Sortino Ratio Rank: 9191
Sortino Ratio Rank
AVEEX Omega Ratio Rank: 8888
Omega Ratio Rank
AVEEX Calmar Ratio Rank: 9090
Calmar Ratio Rank
AVEEX Martin Ratio Rank: 9090
Martin Ratio Rank
EEMS
EEMS Risk / Return Rank: 8080
Overall Rank
EEMS Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
EEMS Sortino Ratio Rank: 7979
Sortino Ratio Rank
EEMS Omega Ratio Rank: 7676
Omega Ratio Rank
EEMS Calmar Ratio Rank: 8585
Calmar Ratio Rank
EEMS Martin Ratio Rank: 8282
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.

AVEEX vs. EEMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity Fund (AVEEX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.

AVEEXEEMSDifference

Sharpe ratio

Return per unit of total volatility

2.07

1.56

+0.51

Sortino ratio

Return per unit of downside risk

2.65

2.09

+0.55

Omega ratio

Gain probability vs. loss probability

1.39

1.30

+0.09

Calmar ratio

Return relative to maximum drawdown

2.59

2.68

-0.09

Martin ratio

Return relative to average drawdown

10.28

9.64

+0.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVEEX vs. EEMS - Sharpe Ratio Comparison

The current AVEEX Sharpe Ratio is 2.07, which is higher than the EEMS Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AVEEX and EEMS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

AVEEXEEMSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

1.56

+0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

0.42

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.28

+0.24

Correlation

The correlation between AVEEX and EEMS is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVEEX vs. EEMS - Dividend Comparison

AVEEX's dividend yield for the trailing twelve months is around 3.41%, more than EEMS's 2.99% yield.

TTM20252024202320222021202020192018201720162015
AVEEX
Avantis Emerging Markets Equity Fund		3.41%3.50%2.93%3.51%3.48%1.92%1.52%0.26%0.00%0.00%0.00%0.00%
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		2.99%3.09%2.60%2.69%0.89%3.56%2.14%2.64%3.06%2.47%2.51%2.33%

Drawdowns

AVEEX vs. EEMS - Drawdown Comparison

The maximum AVEEX drawdown since its inception was -36.45%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for AVEEX and EEMS.

Loading graphics...

Drawdown Indicators

AVEEXEEMSDifference

Max Drawdown

Largest peak-to-trough decline

-36.45%

-48.89%

+12.44%

Max Drawdown (1Y)

Largest decline over 1 year

-12.64%

-10.99%

-1.65%

Max Drawdown (5Y)

Largest decline over 5 years

-33.72%

-27.07%

-6.65%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.89%

—

Current Drawdown

Current decline from peak

-10.76%

-7.86%

-2.90%

Average Drawdown

Average peak-to-trough decline

-10.54%

-10.60%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

3.06%

+0.13%

Volatility

AVEEX vs. EEMS - Volatility Comparison

The current volatility for Avantis Emerging Markets Equity Fund (AVEEX) is 7.67%, while iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has a volatility of 8.24%. This indicates that AVEEX experiences smaller price fluctuations and is considered to be less risky than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

AVEEXEEMSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.67%

8.24%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.83%

12.39%

-0.56%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

17.74%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.52%

15.69%

-0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.64%

17.79%

+0.85%