AVEM.L vs. XDEX.L
AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) are both Emerging Markets Equities funds. AVEM.L is actively managed, while XDEX.L is passively managed. Over the past year, AVEM.L returned 37.78% vs 61.85% for XDEX.L. Their correlation of 0.85 suggests significant overlap in exposure. AVEM.L charges 0.35%/yr vs 0.18%/yr for XDEX.L.
Performance
AVEM.L vs. XDEX.L - Performance Comparison
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Different Trading Currencies
AVEM.L is traded in USD, while XDEX.L is traded in GBp. To make them comparable, the XDEX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVEM.L achieves a 16.34% return, which is significantly lower than XDEX.L's 30.45% return.
AVEM.L
- 1D
- -1.11%
- 1M
- -2.81%
- YTD
- 16.34%
- 6M
- 18.51%
- 1Y
- 37.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDEX.L
- 1D
- -4.90%
- 1M
- -2.57%
- YTD
- 30.45%
- 6M
- 35.16%
- 1Y
- 61.85%
- 3Y*
- 23.56%
- 5Y*
- 11.02%
- 10Y*
- 12.63%
AVEM.L vs. XDEX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 16.34% | 26.19% |
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C | 30.45% | 33.92% |
Correlation
The correlation between AVEM.L and XDEX.L is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.85 |
The correlation between AVEM.L and XDEX.L has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
AVEM.L vs. XDEX.L — Risk / Return Rank
AVEM.L
XDEX.L
AVEM.L vs. XDEX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) and Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.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.
| AVEM.L | XDEX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.55 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.13 | -1.24 |
| Martin ratioReturn relative to average drawdown | 11.01 | 16.05 | -5.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVEM.L | XDEX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 3.00 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.64 | +1.27 |
Drawdowns
AVEM.L vs. XDEX.L - Drawdown Comparison
The maximum AVEM.L drawdown since its inception was -13.87%, smaller than the maximum XDEX.L drawdown of -32.75%. Use the drawdown chart below to compare losses from any high point for AVEM.L and XDEX.L.
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Drawdown Indicators
| AVEM.L | XDEX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -32.75% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -14.99% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.75% | — |
Current DrawdownCurrent decline from peak | -7.02% | -7.74% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -6.97% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.86% | -0.43% |
Volatility
AVEM.L vs. XDEX.L - Volatility Comparison
The current volatility for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) is 7.97%, while Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) has a volatility of 10.42%. This indicates that AVEM.L experiences smaller price fluctuations and is considered to be less risky than XDEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEM.L | XDEX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 10.42% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 18.63% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 20.67% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 17.90% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 17.02% | +2.84% |
AVEM.L vs. XDEX.L - Expense Ratio Comparison
AVEM.L has a 0.35% expense ratio, which is higher than XDEX.L's 0.18% expense ratio.
Dividends
AVEM.L vs. XDEX.L - Dividend Comparison
Neither AVEM.L nor XDEX.L has paid dividends to shareholders.
Frequently Asked Questions
AVEM.L and XDEX.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEX.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEX.L is cheaper with a 0.18% expense ratio, compared with 0.35% for AVEM.L.
They also come from different issuers: Avantis and Xtrackers. Their fees differ too: 0.35% for AVEM.L and 0.18% for XDEX.L.
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