AVEG.L vs. AVGC.L
AVEG.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and AVGC.L (Avantis Global Equity UCITS ETF USD Accumulating) are both exchange-traded funds - AVEG.L is a Emerging Markets Diversified fund actively managed by Avantis, while AVGC.L is a Global Equities fund tracking the MSCI World IMI Index. AVEG.L is actively managed, while AVGC.L is passively managed. Over the past year, AVEG.L returned 49.71% vs 32.11% for AVGC.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
AVEG.L vs. AVGC.L - Performance Comparison
Loading charts...
Different Trading Currencies
AVEG.L is traded in GBP, while AVGC.L is traded in USD. To make them comparable, the AVGC.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 23.87% return, which is significantly higher than AVGC.L's 13.58% return.
AVEG.L
- 1D
- -0.72%
- 1M
- 9.71%
- YTD
- 23.87%
- 6M
- 26.10%
- 1Y
- 49.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGC.L
- 1D
- -0.06%
- 1M
- 4.81%
- YTD
- 13.58%
- 6M
- 14.58%
- 1Y
- 32.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEG.L vs. AVGC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEG.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 23.87% | 29.03% |
AVGC.L Avantis Global Equity UCITS ETF USD Accumulating | 13.58% | 24.84% |
Correlation
The correlation between AVEG.L and AVGC.L is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.58 |
The correlation between AVEG.L and AVGC.L has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVEG.L vs. AVGC.L — Risk / Return Rank
AVEG.L
AVGC.L
AVEG.L vs. AVGC.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 Global Equity UCITS ETF USD Accumulating (AVGC.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.
| AVEG.L | AVGC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.52 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 5.22 | -0.59 |
| Martin ratioReturn relative to average drawdown | 16.76 | 19.61 | -2.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AVEG.L | AVGC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 2.79 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.37 | 3.12 | -0.75 |
Drawdowns
AVEG.L vs. AVGC.L - Drawdown Comparison
The maximum AVEG.L drawdown since its inception was -12.92%, which is greater than AVGC.L's maximum drawdown of -6.12%. Use the drawdown chart below to compare losses from any high point for AVEG.L and AVGC.L.
Loading charts...
Drawdown Indicators
| AVEG.L | AVGC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.92% | -6.12% | -6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -6.12% | -4.56% |
Current DrawdownCurrent decline from peak | -0.72% | -0.06% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -0.92% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.63% | +1.33% |
Volatility
AVEG.L vs. AVGC.L - Volatility Comparison
Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) has a higher volatility of 6.78% compared to Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) at 3.62%. This indicates that AVEG.L's price experiences larger fluctuations and is considered to be riskier than AVGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVEG.L | AVGC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 3.62% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 8.86% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 11.49% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 12.00% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 12.00% | +5.12% |
AVEG.L vs. AVGC.L - Expense Ratio Comparison
Both AVEG.L and AVGC.L have an expense ratio of 0.35%.
Dividends
AVEG.L vs. AVGC.L - Dividend Comparison
Neither AVEG.L nor AVGC.L has paid dividends to shareholders.
Frequently Asked Questions
AVEG.L and AVGC.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 AVGC.L have the same expense ratio: 0.35% per year.
AVEG.L is categorized as Emerging Markets Diversified, while AVGC.L is Global Equities.
Find the right allocation for AVEG.L and AVGC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer