AVEM vs. FDT
Compare and contrast key facts about Avantis Emerging Markets Equity ETF (AVEM) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT).
AVEM and FDT 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 that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. FDT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX DM Ex-US Index. It was launched on Apr 18, 2011. Both AVEM and FDT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AVEM vs. FDT - Performance Comparison
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AVEM vs. FDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 4.70% | 34.48% | 7.49% | 15.30% | -18.15% | 5.16% | 14.39% | 11.13% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 9.83% | 52.21% | 6.97% | 15.03% | -19.51% | 11.43% | 4.29% | 6.30% |
Returns By Period
In the year-to-date period, AVEM achieves a 4.70% return, which is significantly lower than FDT's 9.83% return.
AVEM
- 1D
- 3.60%
- 1M
- -9.09%
- YTD
- 4.70%
- 6M
- 9.02%
- 1Y
- 37.57%
- 3Y*
- 18.51%
- 5Y*
- 6.97%
- 10Y*
- —
FDT
- 1D
- 3.59%
- 1M
- -10.30%
- YTD
- 9.83%
- 6M
- 17.39%
- 1Y
- 54.93%
- 3Y*
- 24.48%
- 5Y*
- 11.26%
- 10Y*
- 9.73%
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AVEM vs. FDT - Expense Ratio Comparison
AVEM has a 0.33% expense ratio, which is lower than FDT's 0.80% expense ratio.
Return for Risk
AVEM vs. FDT — Risk / Return Rank
AVEM
FDT
AVEM vs. FDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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 | FDT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 2.86 | -0.97 |
Sortino ratioReturn per unit of downside risk | 2.48 | 3.48 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.55 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 4.01 | -1.19 |
Martin ratioReturn relative to average drawdown | 11.10 | 16.70 | -5.60 |
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 | FDT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.86 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.63 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.35 | +0.16 |
Correlation
The correlation between AVEM and FDT is 0.80, 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.
Dividends
AVEM vs. FDT - Dividend Comparison
AVEM's dividend yield for the trailing twelve months is around 2.41%, less than FDT's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.41% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 3.24% | 3.27% | 3.89% | 4.36% | 2.29% | 3.80% | 2.42% | 2.78% | 2.13% | 1.57% | 1.76% | 1.83% |
Drawdowns
AVEM vs. FDT - Drawdown Comparison
The maximum AVEM drawdown since its inception was -36.05%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for AVEM and FDT.
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Drawdown Indicators
| AVEM | FDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -46.10% | +10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -13.41% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -34.00% | -33.18% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.10% | — |
Current DrawdownCurrent decline from peak | -10.00% | -10.30% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -10.86% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.22% | +0.12% |
Volatility
AVEM vs. FDT - Volatility Comparison
Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 10.36% compared to First Trust Developed Markets ex-US AlphaDEX Fund (FDT) at 9.73%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than FDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEM | FDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 9.73% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 13.97% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 19.35% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 17.86% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 18.32% | +2.05% |