AVEM vs. EIMI.L
Compare and contrast key facts about Avantis Emerging Markets Equity ETF (AVEM) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
AVEM and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both AVEM and EIMI.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVEM or EIMI.L.
Performance
AVEM vs. EIMI.L - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with AVEM having a 7.91% return and EIMI.L slightly lower at 7.74%.
AVEM
7.91%
-6.34%
-2.51%
13.37%
5.43%
N/A
EIMI.L
7.74%
-6.39%
-1.10%
12.92%
3.79%
3.50%
Key characteristics
| AVEM | EIMI.L | |
|---|---|---|
| Sharpe Ratio | 0.81 | 0.87 |
| Sortino Ratio | 1.21 | 1.34 |
| Omega Ratio | 1.15 | 1.16 |
| Calmar Ratio | 0.71 | 0.50 |
| Martin Ratio | 4.11 | 4.38 |
| Ulcer Index | 3.12% | 2.95% |
| Daily Std Dev | 15.77% | 14.94% |
| Max Drawdown | -36.05% | -38.73% |
| Current Drawdown | -8.84% | -14.80% |
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AVEM vs. EIMI.L - Expense Ratio Comparison
AVEM has a 0.33% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Correlation
The correlation between AVEM and EIMI.L is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AVEM vs. EIMI.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
Dividends
AVEM vs. EIMI.L - Dividend Comparison
AVEM's dividend yield for the trailing twelve months is around 2.84%, while EIMI.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.84% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AVEM vs. EIMI.L - Drawdown Comparison
The maximum AVEM drawdown since its inception was -36.05%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for AVEM and EIMI.L. For additional features, visit the drawdowns tool.
Volatility
AVEM vs. EIMI.L - Volatility Comparison
Avantis Emerging Markets Equity ETF (AVEM) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L) have volatilities of 4.73% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.