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AVEM vs. DEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVEM vs. DEM

Last updated Aug 4, 2026
Documentation

AVEM (Avantis Emerging Markets Equity ETF) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both exchange-traded funds - AVEM is a Emerging Markets Equities fund actively managed by Avantis, while DEM is a Dividend fund tracking the WisdomTree Emerging Markets Equity Income Index. AVEM is actively managed, while DEM is passively managed. Over the past 5 years, AVEM returned 9.17%/yr vs 10.09%/yr for DEM. Their correlation of 0.89 means they have usually moved in the same direction. AVEM charges 0.33%/yr vs 0.63%/yr for DEM.

Performance

AVEM vs. DEM - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with AVEM having a 17.91% return and DEM slightly lower at 17.69%.

AVEM

1D
0.80%
1M
-2.39%
6M
8.89%
YTD
17.91%
1Y
34.54%
3Y*
21.03%
5Y*
9.17%
10Y*
—
ALL TIME*
11.68%

DEM

1D
0.52%
1M
1.12%
6M
10.61%
YTD
17.69%
1Y
25.38%
3Y*
17.15%
5Y*
10.09%
10Y*
9.05%
ALL TIME*
4.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AVEM

Avantis Emerging Markets Equity ETF
$187.25M$189.91M$183.19M

DEM

WisdomTree Emerging Markets Equity Income Fund
$8.16M$9.32M$10.88M

AVEM vs. DEM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVEM
Avantis Emerging Markets Equity ETF		17.91%34.48%7.49%15.30%-18.15%5.16%14.39%10.40%
DEM
WisdomTree Emerging Markets Equity Income Fund		17.69%21.29%4.46%20.93%-10.43%11.49%-5.84%9.08%

Correlation

The correlation between AVEM and DEM is 0.86, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.86

Correlation (3Y)
Balances recent behavior with more history.

0.88

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.88

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2019

0.89

The correlation between AVEM and DEM has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

AVEM vs. DEM - Sectors Allocation Comparison

Sectors
AVEM
DEM

Technology

41.9%
17.5%

Financial Services

18.9%
21.9%

Industrials

7.9%
8.9%

Consumer Cyclical

7.3%
5.4%

Basic Materials

6.4%
3.7%

Communication Services

4.9%
3.0%

Energy

3.9%
6.2%

Consumer Defensive

2.7%
5.8%

Healthcare

2.6%
0.6%

Utilities

2.2%
3.0%

Real Estate

1.4%
2.9%

Technology

AVEM
41.9%
DEM
17.5%

Financial Services

AVEM
18.9%
DEM
21.9%

Industrials

AVEM
7.9%
DEM
8.9%

Consumer Cyclical

AVEM
7.3%
DEM
5.4%

Basic Materials

AVEM
6.4%
DEM
3.7%

Communication Services

AVEM
4.9%
DEM
3.0%

Energy

AVEM
3.9%
DEM
6.2%

Consumer Defensive

AVEM
2.7%
DEM
5.8%

Healthcare

AVEM
2.6%
DEM
0.6%

Utilities

AVEM
2.2%
DEM
3.0%

Real Estate

AVEM
1.4%
DEM
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis Emerging Markets Equity ETF

WisdomTree Emerging Markets Equity Income Fund

Often compared with AVEM:
AVEM vs. AVESAVEM vs. VWOAVEM vs. EIMI.LAVEM vs. AVDEAVEM vs. VXUSAVEM vs. DFAEAVEM vs. FNDE
Often compared with DEM:
DEM vs. DVYEDEM vs. EEMDEM vs. FNDEDEM vs. DGREDEM vs. FEMKXDEM vs. VXUSDEM vs. IHDG

Return for Risk

AVEM vs. DEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
AVEM
AVEM Risk / Return Rank: 6262
Overall Rank
AVEM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
AVEM Sortino Ratio Rank: 5656
Sortino Ratio Rank
AVEM Omega Ratio Rank: 6464
Omega Ratio Rank
AVEM Calmar Ratio Rank: 6969
Calmar Ratio Rank
AVEM Martin Ratio Rank: 6363
Martin Ratio Rank
DEM
DEM Risk / Return Rank: 7575
Overall Rank
DEM Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
DEM Sortino Ratio Rank: 7171
Sortino Ratio Rank
DEM Omega Ratio Rank: 7171
Omega Ratio Rank
DEM Calmar Ratio Rank: 8484
Calmar Ratio Rank
DEM Martin Ratio Rank: 7575
Martin Ratio Rank
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. DEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.

AVEMDEMDifference
Sharpe ratioReturn per unit of total volatility
1.45
1.70

-0.25

Sortino ratioReturn per unit of downside risk
1.97
2.36

-0.39

Omega ratioGain probability vs. loss probability

1.28

1.31

-0.03

Calmar ratioReturn relative to maximum drawdown

2.43

3.23

-0.80

Martin ratioReturn relative to average drawdown

7.71

9.72

-2.02

AVEM vs. DEM - Sharpe Ratio Comparison

The current AVEM Sharpe Ratio is 1.45, which is comparable to the DEM Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of AVEM and DEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVEM vs. DEM - Drawdown Comparison

The maximum AVEM drawdown since its inception was -36.05%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for AVEM and DEM.

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Drawdown Indicators

AVEMDEMDifference

Max Drawdown

Largest peak-to-trough decline

-36.05%

-51.85%

+15.80%

Max Drawdown (1Y)

Largest decline over 1 year

-14.28%

-7.89%

-6.39%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-15.64%

-2.38%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-27.18%

-4.63%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.79%

—

Current Drawdown

Current decline from peak

-9.93%

-3.06%

-6.87%

Average Drawdown

Average peak-to-trough decline

-10.02%

-12.82%

+2.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

2.62%

+1.87%

Volatility

AVEM vs. DEM - Volatility Comparison

Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 8.83% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 5.13%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVEMDEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.83%

5.13%

+3.70%

Volatility (6M)

Calculated over the trailing 6-month period

21.75%

13.19%

+8.56%

Volatility (1Y)

Calculated over the trailing 1-year period

23.93%

15.02%

+8.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.33%

15.61%

+3.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.06%

17.86%

+3.20%

AVEM vs. DEM - Expense Ratio Comparison

AVEM has a 0.33% expense ratio, which is lower than DEM's 0.63% expense ratio.

Dividends

AVEM vs. DEM - Dividend Comparison

AVEM's dividend yield for the trailing twelve months is around 1.94%, less than DEM's 4.16% yield.

PositionTTM20252024202320222021202020192018201720162015
AVEM
Avantis Emerging Markets Equity ETF		1.94%2.45%3.17%3.06%2.77%2.61%1.60%0.35%0.00%0.00%0.00%0.00%
DEM
WisdomTree Emerging Markets Equity Income Fund		4.16%4.88%5.24%5.49%8.62%5.87%4.21%4.78%4.47%3.67%3.63%5.21%

Frequently Asked Questions

AVEM and DEM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVEM has higher volatility (8.83%) compared to DEM (5.13%). In terms of maximum drawdown, AVEM dropped -36.05% vs DEM's -51.85%.

On 5-year performance, DEM leads with 10.09% vs 9.17% for AVEM. On fees, AVEM is cheaper at 0.33% per year. On volatility, DEM has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DEM has performed better with a 10.09% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVEM is cheaper with a 0.33% expense ratio, compared with 0.63% for DEM.

DEM has the higher dividend yield at 4.16%, compared with 1.94% for AVEM.

AVEM is categorized as Emerging Markets Equities, while DEM is Dividend. They also come from different issuers: Avantis and WisdomTree. Their fees differ too: 0.33% for AVEM and 0.63% for DEM.

DEM currently has the higher Sharpe Ratio (1.70 vs 1.45), 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.

Portfolio Optimizer

Find the right allocation for AVEM and DEM

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