AVES vs. ESGE
Compare and contrast key facts about Avantis Emerging Markets Value ETF (AVES) and iShares ESG Aware MSCI EM ETF (ESGE).
AVES and ESGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVES or ESGE.
Key characteristics
| AVES | ESGE | |
|---|---|---|
| YTD Return | 2.35% | -0.90% |
| 1Y Return | 16.11% | 7.69% |
| Sharpe Ratio | 1.02 | 0.36 |
| Daily Std Dev | 13.69% | 15.17% |
| Max Drawdown | -27.40% | -41.07% |
| Current Drawdown | -3.01% | -27.24% |
Correlation
The correlation between AVES and ESGE is 0.93, 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.
Performance
AVES vs. ESGE - Performance Comparison
In the year-to-date period, AVES achieves a 2.35% return, which is significantly higher than ESGE's -0.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVES vs. ESGE - Expense Ratio Comparison
AVES has a 0.36% expense ratio, which is higher than ESGE's 0.25% expense ratio.
Risk-Adjusted Performance
AVES vs. ESGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) and iShares ESG Aware MSCI EM ETF (ESGE). 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.
Dividends
AVES vs. ESGE - Dividend Comparison
AVES's dividend yield for the trailing twelve months is around 3.87%, more than ESGE's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 3.87% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGE iShares ESG Aware MSCI EM ETF | 2.67% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
Drawdowns
AVES vs. ESGE - Drawdown Comparison
The maximum AVES drawdown since its inception was -27.40%, smaller than the maximum ESGE drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for AVES and ESGE. For additional features, visit the drawdowns tool.
Volatility
AVES vs. ESGE - Volatility Comparison
The current volatility for Avantis Emerging Markets Value ETF (AVES) is 3.54%, while iShares ESG Aware MSCI EM ETF (ESGE) has a volatility of 3.96%. This indicates that AVES experiences smaller price fluctuations and is considered to be less risky than ESGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.