AVEG.L vs. AVEM.L
AVEG.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) are both exchange-traded funds - AVEG.L is a Emerging Markets Diversified fund actively managed by Avantis, while AVEM.L is a Emerging Markets Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVEG.L returned 46.93% vs 44.91% for AVEM.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
AVEG.L vs. AVEM.L - Performance Comparison
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Different Trading Currencies
AVEG.L is traded in GBP, while AVEM.L is traded in USD. To make them comparable, the AVEM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVEG.L achieves a 25.48% return, which is significantly higher than AVEM.L's 24.01% return.
AVEG.L
- 1D
- 0.00%
- 1M
- 6.55%
- YTD
- 25.48%
- 6M
- 30.43%
- 1Y
- 46.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEM.L
- 1D
- -1.45%
- 1M
- 5.23%
- YTD
- 24.01%
- 6M
- 28.68%
- 1Y
- 44.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEG.L vs. AVEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEG.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 25.48% | 21.10% |
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 24.01% | 20.23% |
Correlation
The correlation between AVEG.L and AVEM.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.92 |
The correlation between AVEG.L and AVEM.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
AVEG.L vs. AVEM.L — Risk / Return Rank
AVEG.L
AVEM.L
AVEG.L vs. AVEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) and Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L). 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.
| AVEG.L | AVEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 4.18 | +0.24 |
| Martin ratioReturn relative to average drawdown | 15.55 | 14.52 | +1.03 |
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Drawdowns
AVEG.L vs. AVEM.L - Drawdown Comparison
The maximum AVEG.L drawdown since its inception was -12.92%, smaller than the maximum AVEM.L drawdown of -13.78%. Use the drawdown chart below to compare losses from any high point for AVEG.L and AVEM.L.
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Drawdown Indicators
| AVEG.L | AVEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.92% | -13.78% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -10.75% | +0.07% |
Current DrawdownCurrent decline from peak | 0.00% | -1.45% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -2.16% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.09% | -0.06% |
Volatility
AVEG.L vs. AVEM.L - Volatility Comparison
Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) and Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) have volatilities of 7.43% and 7.60%, 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
| AVEG.L | AVEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 7.60% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 15.55% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.07% | 18.08% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 18.54% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 18.54% | -0.84% |
AVEG.L vs. AVEM.L - Expense Ratio Comparison
Both AVEG.L and AVEM.L have an expense ratio of 0.35%.
Dividends
AVEG.L vs. AVEM.L - Dividend Comparison
Neither AVEG.L nor AVEM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AVEG.L and AVEM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AVEG.L and AVEM.L have the same expense ratio: 0.35% per year.
AVEG.L is categorized as Emerging Markets Diversified, while AVEM.L is Emerging Markets Equities.
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