AVEM vs. VEXC
AVEM (Avantis Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. AVEM is actively managed, while VEXC is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. AVEM charges 0.33%/yr vs 0.07%/yr for VEXC.
Performance
AVEM vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, AVEM achieves a 23.75% return, which is significantly higher than VEXC's 20.67% return.
AVEM
- 1D
- -5.47%
- 1M
- 2.36%
- YTD
- 23.75%
- 6M
- 24.18%
- 1Y
- 46.12%
- 3Y*
- 24.70%
- 5Y*
- 9.50%
- 10Y*
- —
VEXC
- 1D
- -3.33%
- 1M
- 3.67%
- YTD
- 20.67%
- 6M
- 21.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEM vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 23.75% | 3.21% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.67% | 4.50% |
Correlation
The correlation between AVEM and VEXC 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 (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.92 |
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Return for Risk
AVEM vs. VEXC — Risk / Return Rank
AVEM
VEXC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AVEM vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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 | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | — | — |
| Martin ratioReturn relative to average drawdown | 13.36 | — | — |
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Drawdowns
AVEM vs. VEXC - Drawdown Comparison
The maximum AVEM drawdown since its inception was -36.05%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for AVEM and VEXC.
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Drawdown Indicators
| AVEM | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -12.42% | -23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | — | — |
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% | -3.33% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -2.23% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | — | — |
Volatility
AVEM vs. VEXC - Volatility Comparison
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Volatility by Period
| AVEM | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 20.27% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 20.27% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 20.27% | +0.64% |
AVEM vs. VEXC - Expense Ratio Comparison
AVEM has a 0.33% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
AVEM vs. VEXC - Dividend Comparison
AVEM's dividend yield for the trailing twelve months is around 2.62%, more than VEXC's 1.43% 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% |
VEXC Vanguard Emerging Markets Ex-China ETF | 1.43% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, AVEM and VEXC 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.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.33% for AVEM.
AVEM has the higher dividend yield at 2.62%, compared with 1.43% for VEXC.
They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.33% for AVEM and 0.07% for VEXC.
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