AVEM vs. VEXC

Last updated Jul 14, 2026

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 0.91 suggests significant overlap in exposure. AVEM charges 0.33%/yr vs 0.07%/yr for VEXC.

Performance

AVEM vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Equity ETF (AVEM) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AVEM having a 18.91% return and VEXC slightly lower at 18.87%.

AVEM

• 1D: -3.34%
• 1M: -4.93%
• 6M: 13.08%
• YTD: 18.91%
• 1Y: 35.04%
• 3Y*: 21.16%
• 5Y*: 8.95%
• 10Y*: —

VEXC

• 1D: -1.96%
• 1M: 0.09%
• 6M: 14.90%
• YTD: 18.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVEM vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
AVEM Avantis Emerging Markets Equity ETF	18.91%	3.21%
VEXC Vanguard Emerging Markets Ex-China ETF	18.87%	4.50%

Correlation

The correlation between AVEM and VEXC is 0.91, 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	0.91

Return for Risk

AVEM vs. VEXC — Risk / Return Rank

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

AVEM

AVEM Risk / Return Rank: 60
AVEM Sharpe Ratio Rank: 57
AVEM Sortino Ratio Rank: 52
AVEM Omega Ratio Rank: 60
AVEM Calmar Ratio Rank: 67
AVEM Martin Ratio Rank: 66

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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 ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.03	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.68	—	—
Martin ratio: Return relative to average drawdown	9.39	—	—

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.

Drawdown Indicators

	AVEM	VEXC	Difference
Max Drawdown Largest 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	-32.41%	—	—
Current Drawdown Current decline from peak	-9.16%	-4.77%	-4.39%
Average Drawdown Average peak-to-trough decline	-10.01%	-2.33%	-7.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	—	—

Volatility

Volatility by Period

	AVEM	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.10%	20.20%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	20.20%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	20.20%	+0.80%

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 1.93%, more than VEXC's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	1.93%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
VEXC Vanguard Emerging Markets Ex-China ETF	1.45%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEM and VEXC in my portfolio?

With a correlation of 0.91, 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.

Which ETF is better, AVEM or VEXC?

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.

Which ETF is cheaper, AVEM or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.33% for AVEM.

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

AVEM has the higher dividend yield at 1.93%, compared with 1.45% for VEXC.

What is the main difference between AVEM and VEXC?

They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.33% for AVEM and 0.07% for VEXC.