AVEEX vs. EEMS
AVEEX (Avantis Emerging Markets Equity Fund) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both Emerging Markets Diversified funds. Over the past 5 years, AVEEX returned 10.13%/yr vs 7.28%/yr for EEMS. Their correlation of 0.87 suggests significant overlap in exposure. AVEEX charges 0.33%/yr vs 0.73%/yr for EEMS.
Performance
AVEEX vs. EEMS - Performance Comparison
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Returns By Period
In the year-to-date period, AVEEX achieves a 27.08% return, which is significantly higher than EEMS's 16.14% return.
AVEEX
- 1D
- 2.46%
- 1M
- 6.59%
- YTD
- 27.08%
- 6M
- 28.30%
- 1Y
- 49.87%
- 3Y*
- 23.86%
- 5Y*
- 10.13%
- 10Y*
- —
EEMS
- 1D
- -0.13%
- 1M
- 1.98%
- YTD
- 16.14%
- 6M
- 17.52%
- 1Y
- 30.37%
- 3Y*
- 17.04%
- 5Y*
- 7.28%
- 10Y*
- 9.77%
AVEEX vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVEEX Avantis Emerging Markets Equity Fund | 27.08% | 32.09% | 7.68% | 15.15% | -18.15% | 5.21% | 15.72% | 7.38% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 16.14% | 19.78% | 3.13% | 23.09% | -19.12% | 18.12% | 19.47% | 6.91% |
Correlation
The correlation between AVEEX and EEMS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.87 |
The correlation between AVEEX and EEMS has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
AVEEX vs. EEMS — Risk / Return Rank
AVEEX
EEMS
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.
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.
| AVEEX | EEMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.31 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.81 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.78 | 9.45 | +5.33 |
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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.
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Drawdown Indicators
| AVEEX | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.45% | -48.89% | +12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.64% | -10.87% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -19.71% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -27.07% | -6.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.12% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -10.48% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.22% | +0.08% |
Volatility
AVEEX vs. EEMS - Volatility Comparison
Avantis Emerging Markets Equity Fund (AVEEX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS) have volatilities of 8.98% and 8.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEEX | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.98% | 8.89% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 16.68% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 18.69% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 16.40% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 18.13% | +0.80% |
AVEEX vs. EEMS - Expense Ratio Comparison
AVEEX has a 0.33% expense ratio, which is lower than EEMS's 0.73% expense ratio.
Dividends
AVEEX vs. EEMS - Dividend Comparison
AVEEX's dividend yield for the trailing twelve months is around 2.75%, which matches EEMS's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEEX Avantis Emerging Markets Equity Fund | 2.75% | 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 | 2.75% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
Frequently Asked Questions
AVEEX and EEMS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEEX has higher volatility (8.98%) compared to EEMS (8.89%). In terms of maximum drawdown, AVEEX dropped -36.45% vs EEMS's -48.89%.
AVEEX currently has the higher Sharpe Ratio (2.75 vs 1.64), 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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