AVEM vs. GEME

Last updated Jun 24, 2026

AVEM (Avantis Emerging Markets Equity ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, AVEM returned 46.12% vs 70.02% for GEME. Their correlation of 0.89 suggests significant overlap in exposure. AVEM charges 0.33%/yr vs 0.75%/yr for GEME.

Performance

AVEM vs. GEME - Performance Comparison

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

Returns By Period

In the year-to-date period, AVEM achieves a 23.75% return, which is significantly lower than GEME's 32.99% return.

AVEM

• 1D: -5.47%
• 1M: 2.36%
• YTD: 23.75%
• 6M: 24.18%
• 1Y: 46.12%
• 3Y*: 24.70%
• 5Y*: 9.50%
• 10Y*: —

GEME

• 1D: -4.95%
• 1M: 0.89%
• YTD: 32.99%
• 6M: 35.43%
• 1Y: 70.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVEM vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
AVEM Avantis Emerging Markets Equity ETF	23.75%	33.06%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	32.99%	37.43%

Correlation

The correlation between AVEM and GEME is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.89

The correlation between AVEM and GEME has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

AVEM vs. GEME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVEM

AVEM Risk / Return Rank: 68
AVEM Sharpe Ratio Rank: 66
AVEM Sortino Ratio Rank: 58
AVEM Omega Ratio Rank: 70
AVEM Calmar Ratio Rank: 72
AVEM Martin Ratio Rank: 73

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 92
GEME Sortino Ratio Rank: 86
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 90
GEME Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVEM vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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	GEME	Difference
Sharpe ratio: Return per unit of total volatility	2.09	3.03	-0.94
Sortino ratio: Return per unit of downside risk	2.66	3.58	-0.91
Omega ratio: Gain probability vs. loss probability	1.40	1.54	-0.14
Calmar ratio: Return relative to maximum drawdown	3.53	5.23	-1.70
Martin ratio: Return relative to average drawdown	13.36	19.34	-5.98

AVEM vs. GEME - Sharpe Ratio Comparison

The current AVEM Sharpe Ratio is 2.09, which is lower than the GEME Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of AVEM and GEME, 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. GEME - Drawdown Comparison

The maximum AVEM drawdown since its inception was -36.05%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for AVEM and GEME.

Drawdown Indicators

	AVEM	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-36.05%	-16.86%	-19.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-13.46%	+0.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	—	—
Current Drawdown Current decline from peak	-5.47%	-5.18%	-0.29%
Average Drawdown Average peak-to-trough decline	-10.04%	-2.38%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.63%	-0.17%

Volatility

AVEM vs. GEME - Volatility Comparison

Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 12.55% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 10.98%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEM	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.55%	10.98%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	20.07%	20.46%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	23.24%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	24.00%	-5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	24.00%	-3.09%

AVEM vs. GEME - Expense Ratio Comparison

AVEM has a 0.33% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

AVEM vs. GEME - Dividend Comparison

AVEM's dividend yield for the trailing twelve months is around 2.62%, less than GEME's 5.27% 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%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.27%	7.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEM and GEME in my portfolio?

AVEM and GEME have a correlation of 0.90, 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 GEME?

AVEM has higher volatility (12.55%) compared to GEME (10.98%). In terms of maximum drawdown, AVEM dropped -36.05% vs GEME's -16.86%.

Which ETF is better, AVEM or GEME?

On 1-year performance, GEME leads with 70.02% vs 46.12% for AVEM. On fees, AVEM is cheaper at 0.33% per year. On volatility, GEME has been the lower-risk option at 10.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVEM or GEME?

Over the 1-year period, GEME has performed better with a 70.02% return vs 46.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVEM or GEME?

AVEM is cheaper with a 0.33% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.27%, compared with 2.62% for AVEM.

What is the main difference between AVEM and GEME?

They also come from different issuers: Avantis and Pacific AM. Their fees differ too: 0.33% for AVEM and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.03 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.