AVEM vs. EVLU
AVEM (Avantis Emerging Markets Equity ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds. AVEM is actively managed, while EVLU is passively managed. Over the past year, AVEM returned 46.12% vs 59.59% for EVLU. Their correlation of 0.92 suggests significant overlap in exposure. AVEM charges 0.33%/yr vs 0.35%/yr for EVLU.
Performance
AVEM vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, AVEM achieves a 23.75% return, which is significantly lower than EVLU's 28.98% return.
AVEM
- 1D
- -5.47%
- 1M
- 2.36%
- YTD
- 23.75%
- 6M
- 24.18%
- 1Y
- 46.12%
- 3Y*
- 24.70%
- 5Y*
- 9.50%
- 10Y*
- —
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 23.75% | 34.48% | -0.45% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
Correlation
The correlation between AVEM and EVLU is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.92 |
The correlation between AVEM and EVLU has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
AVEM vs. EVLU — Risk / Return Rank
AVEM
EVLU
AVEM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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 | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.53 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.64 | -1.11 |
| Martin ratioReturn relative to average drawdown | 13.36 | 16.27 | -2.91 |
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Drawdowns
AVEM vs. EVLU - Drawdown Comparison
The maximum AVEM drawdown since its inception was -36.05%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for AVEM and EVLU.
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Drawdown Indicators
| AVEM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -17.17% | -18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -12.90% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.88% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -5.94% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -3.52% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.67% | -0.21% |
Volatility
AVEM vs. EVLU - Volatility Comparison
Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 12.55% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 9.29%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 9.29% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | 17.64% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 20.18% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 20.36% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 20.36% | +0.55% |
AVEM vs. EVLU - Expense Ratio Comparison
AVEM has a 0.33% expense ratio, which is lower than EVLU's 0.35% expense ratio.
Dividends
AVEM vs. EVLU - Dividend Comparison
AVEM's dividend yield for the trailing twelve months is around 2.62%, less than EVLU's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.62% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, AVEM and EVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVEM has higher volatility (12.55%) compared to EVLU (9.29%). In terms of maximum drawdown, AVEM dropped -36.05% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 59.59% vs 46.12% for AVEM. On fees, AVEM is cheaper at 0.33% per year. On volatility, EVLU has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 59.59% return vs 46.12%. 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 0.35% for EVLU.
EVLU has the higher dividend yield at 3.77%, compared with 2.62% for AVEM.
They also come from different issuers: Avantis and iShares. Their fees differ too: 0.33% for AVEM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.97 vs 2.09), 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.
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