AVEM vs. AVDE

Last updated Aug 2, 2026

AVEM (Avantis Emerging Markets Equity ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - AVEM is a Emerging Markets Equities fund actively managed by Avantis, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, AVEM returned 9.32%/yr vs 10.69%/yr for AVDE. Their 0.78 correlation means they have sometimes moved together and sometimes differently. AVEM charges 0.33%/yr vs 0.23%/yr for AVDE.

Performance

AVEM vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Equity ETF (AVEM) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEM achieves a 16.96% return, which is significantly higher than AVDE's 12.39% return.

AVEM

• 1D: 0.10%
• 1M: -3.17%
• 6M: 8.33%
• YTD: 16.96%
• 1Y: 33.47%
• 3Y*: 19.94%
• 5Y*: 9.32%
• 10Y*: —
• ALL TIME*: 11.56%

AVDE

• 1D: -0.46%
• 1M: 1.43%
• 6M: 6.48%
• YTD: 12.39%
• 1Y: 27.78%
• 3Y*: 19.17%
• 5Y*: 10.69%
• 10Y*: —
• ALL TIME*: 12.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVDE Avantis International Equity ETF	$87.20M	$88.83M	$96.47M
AVEM Avantis Emerging Markets Equity ETF	$186.43M	$193.15M	$184.15M

AVEM vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	16.96%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	11.88%
AVDE Avantis International Equity ETF	12.39%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%

Correlation

The correlation between AVEM and AVDE is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.78

The correlation between AVEM and AVDE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

AVEM vs. AVDE - Sectors Allocation Comparison

Sectors	AVEM	AVDE
Technology	41.9%	8.7%
Financial Services	18.9%	24.9%
Industrials	7.9%	20.2%
Consumer Cyclical	7.3%	9.4%
Basic Materials	6.4%	10.3%
Communication Services	4.9%	3.8%
Energy	3.9%	6.9%
Consumer Defensive	2.7%	4.5%
Healthcare	2.6%	5.9%
Utilities	2.2%	4.0%
Real Estate	1.4%	1.4%

Return for Risk

AVEM vs. AVDE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVEM

AVEM Risk / Return Rank: 60
AVEM Sharpe Ratio Rank: 57
AVEM Sortino Ratio Rank: 54
AVEM Omega Ratio Rank: 61
AVEM Calmar Ratio Rank: 66
AVEM Martin Ratio Rank: 61

AVDE

AVDE Risk / Return Rank: 77
AVDE Sharpe Ratio Rank: 80
AVDE Sortino Ratio Rank: 79
AVDE Omega Ratio Rank: 78
AVDE Calmar Ratio Rank: 70
AVDE Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVEM vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and Avantis International Equity ETF (AVDE). 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.

	AVEM	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.82	-0.47
Sortino ratio: Return per unit of downside risk	1.86	2.55	-0.69
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	2.27	2.42	-0.15
Martin ratio: Return relative to average drawdown	7.27	9.46	-2.19

AVEM vs. AVDE - Sharpe Ratio Comparison

The current AVEM Sharpe Ratio is 1.36, which is comparable to the AVDE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of AVEM and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVEM vs. AVDE - Drawdown Comparison

The maximum AVEM drawdown since its inception was -36.05%, roughly equal to the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for AVEM and AVDE.

Drawdown Indicators

	AVEM	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-36.05%	-36.99%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.28%	-11.48%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-13.46%	-4.56%
Max Drawdown (5Y) Largest decline over 5 years	-31.81%	-28.73%	-3.08%
Current Drawdown Current decline from peak	-10.65%	-0.46%	-10.19%
Average Drawdown Average peak-to-trough decline	-10.02%	-6.06%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	2.93%	+1.52%

Volatility

AVEM vs. AVDE - Volatility Comparison

Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 8.84% compared to Avantis International Equity ETF (AVDE) at 4.48%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEM	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.84%	4.48%	+4.36%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	13.30%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	15.26%	+8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	16.38%	+2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	18.85%	+2.22%

AVEM vs. AVDE - Expense Ratio Comparison

AVEM has a 0.33% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

AVEM vs. AVDE - Dividend Comparison

AVEM's dividend yield for the trailing twelve months is around 1.96%, less than AVDE's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	2.42%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
AVEM Avantis Emerging Markets Equity ETF	1.96%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%

Frequently Asked Questions

Can I hold both AVEM and AVDE in my portfolio?

AVEM and AVDE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEM or AVDE?

AVEM has higher volatility (8.84%) compared to AVDE (4.48%). In terms of maximum drawdown, AVEM dropped -36.05% vs AVDE's -36.99%.

Which ETF is better, AVEM or AVDE?

On 5-year performance, AVDE leads with 10.69% vs 9.32% for AVEM. On fees, AVDE is cheaper at 0.23% per year. On volatility, AVDE has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVEM or AVDE?

Over the 5-year period, AVDE has performed better with a 10.69% return vs 9.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVEM or AVDE?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.33% for AVEM.

Which ETF pays a higher dividend yield, AVEM or AVDE?

AVDE has the higher dividend yield at 2.42%, compared with 1.96% for AVEM.

What is the main difference between AVEM and AVDE?

AVEM is categorized as Emerging Markets Equities, while AVDE is Foreign Large Cap Equities. Their fees differ too: 0.33% for AVEM and 0.23% for AVDE.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.82 vs 1.36), 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.