AVEG.L vs. AVGS.L
AVEG.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and AVGS.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - AVEG.L is a Emerging Markets Diversified fund actively managed by Avantis, while AVGS.L is a Global Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVEG.L returned 46.93% vs 39.06% for AVGS.L. At a 0.48 correlation, their price movements are largely independent. AVEG.L charges 0.35%/yr vs 0.39%/yr for AVGS.L.
Performance
AVEG.L vs. AVGS.L - Performance Comparison
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Different Trading Currencies
AVEG.L is traded in GBP, while AVGS.L is traded in USD. To make them comparable, the AVGS.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 AVGS.L's 19.38% return.
AVEG.L
- 1D
- 0.00%
- 1M
- 6.55%
- YTD
- 25.48%
- 6M
- 30.43%
- 1Y
- 46.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGS.L
- 1D
- 0.00%
- 1M
- 2.95%
- YTD
- 19.38%
- 6M
- 19.06%
- 1Y
- 39.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEG.L vs. AVGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEG.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 25.48% | 21.10% |
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 19.38% | 17.86% |
Correlation
The correlation between AVEG.L and AVGS.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.48 |
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Return for Risk
AVEG.L vs. AVGS.L — Risk / Return Rank
AVEG.L
AVGS.L
AVEG.L vs. AVGS.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 Small Cap Value UCITS ETF USD Acc (AVGS.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 | AVGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.48 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 5.07 | -0.65 |
| Martin ratioReturn relative to average drawdown | 15.55 | 20.02 | -4.47 |
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Drawdowns
AVEG.L vs. AVGS.L - Drawdown Comparison
The maximum AVEG.L drawdown since its inception was -12.92%, smaller than the maximum AVGS.L drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for AVEG.L and AVGS.L.
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Drawdown Indicators
| AVEG.L | AVGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.92% | -21.81% | +8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.56% | -3.12% |
Current DrawdownCurrent decline from peak | 0.00% | -1.00% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -3.86% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.91% | +1.12% |
Volatility
AVEG.L vs. AVGS.L - Volatility Comparison
Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) has a higher volatility of 7.43% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) at 4.07%. This indicates that AVEG.L's price experiences larger fluctuations and is considered to be riskier than AVGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEG.L | AVGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 4.07% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 10.36% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.07% | 13.98% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 16.76% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 16.76% | +0.94% |
AVEG.L vs. AVGS.L - Expense Ratio Comparison
AVEG.L has a 0.35% expense ratio, which is lower than AVGS.L's 0.39% expense ratio.
Dividends
AVEG.L vs. AVGS.L - Dividend Comparison
Neither AVEG.L nor AVGS.L has paid dividends to shareholders.
Frequently Asked Questions
AVEG.L and AVGS.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVEG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVEG.L is cheaper with a 0.35% expense ratio, compared with 0.39% for AVGS.L.
AVEG.L is categorized as Emerging Markets Diversified, while AVGS.L is Global Equities. Their fees differ too: 0.35% for AVEG.L and 0.39% for AVGS.L.
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