AVES vs. GEME

Last updated Jun 4, 2026

AVES (Avantis Emerging Markets Value 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, AVES returned 37.50% vs 82.30% for GEME. Their correlation of 0.81 suggests significant overlap in exposure. AVES charges 0.36%/yr vs 0.75%/yr for GEME.

Performance

AVES vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Value ETF (AVES) 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, AVES achieves a 16.79% return, which is significantly lower than GEME's 38.52% return.

AVES

• 1D: -1.23%
• 1M: 4.98%
• YTD: 16.79%
• 6M: 19.15%
• 1Y: 37.50%
• 3Y*: 20.73%
• 5Y*: —
• 10Y*: —

GEME

• 1D: -1.23%
• 1M: 10.91%
• YTD: 38.52%
• 6M: 44.89%
• 1Y: 82.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVES vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
AVES Avantis Emerging Markets Value ETF	16.79%	30.07%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	38.52%	37.35%

Correlation

The correlation between AVES and GEME is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.81

The correlation between AVES and GEME has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

AVES vs. GEME — Risk / Return Rank

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

AVES

AVES Risk / Return Rank: 61
AVES Sharpe Ratio Rank: 64
AVES Sortino Ratio Rank: 60
AVES Omega Ratio Rank: 65
AVES Calmar Ratio Rank: 58
AVES Martin Ratio Rank: 60

GEME

GEME Risk / Return Rank: 93
GEME Sharpe Ratio Rank: 95
GEME Sortino Ratio Rank: 93
GEME Omega Ratio Rank: 94
GEME Calmar Ratio Rank: 92
GEME Martin Ratio Rank: 93

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.

AVES vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) 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.

	AVES	GEME	Difference
Sharpe ratio Return per unit of total volatility	2.19	3.90	-1.71
Sortino ratio Return per unit of downside risk	2.90	4.67	-1.77
Omega ratio Gain probability vs. loss probability	1.40	1.68	-0.27
Calmar ratio Return relative to maximum drawdown	2.92	6.15	-3.23
Martin ratio Return relative to average drawdown	10.84	24.06	-13.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVES vs. GEME - Sharpe Ratio Comparison

The current AVES Sharpe Ratio is 2.19, which is lower than the GEME Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of AVES 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.

Sharpe Ratios by Period

	AVES	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	3.90	-1.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	2.66	-2.04

Drawdowns

AVES vs. GEME - Drawdown Comparison

The maximum AVES drawdown since its inception was -27.40%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for AVES and GEME.

Drawdown Indicators

	AVES	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-27.40%	-16.86%	-10.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-13.46%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	—	—
Current Drawdown Current decline from peak	-1.36%	-1.23%	-0.13%
Average Drawdown Average peak-to-trough decline	-7.73%	-2.30%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.43%	+0.04%

Volatility

AVES vs. GEME - Volatility Comparison

The current volatility for Avantis Emerging Markets Value ETF (AVES) is 6.93%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 8.56%. This indicates that AVES experiences smaller price fluctuations and is considered to be less risky than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVES	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	8.56%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	17.91%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	21.23%	-4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	22.95%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	22.95%	-5.97%

AVES vs. GEME - Expense Ratio Comparison

AVES has a 0.36% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

AVES vs. GEME - Dividend Comparison

AVES's dividend yield for the trailing twelve months is around 2.81%, less than GEME's 5.06% yield.

Position	TTM	2025	2024	2023	2022	2021
AVES Avantis Emerging Markets Value ETF	2.81%	3.17%	4.09%	3.96%	3.70%	0.62%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.06%	7.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVES and GEME in my portfolio?

AVES and GEME have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVES or GEME?

GEME has higher volatility (8.56%) compared to AVES (6.93%). In terms of maximum drawdown, AVES dropped -27.40% vs GEME's -16.86%.

Which ETF is better, AVES or GEME?

On 1-year performance, GEME leads with 82.30% vs 37.50% for AVES. On fees, AVES is cheaper at 0.36% per year. On volatility, AVES has been the lower-risk option at 6.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVES or GEME?

Over the 1-year period, GEME has performed better with a 82.30% return vs 37.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVES or GEME?

AVES is cheaper with a 0.36% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.06%, compared with 2.81% for AVES.

What is the main difference between AVES and GEME?

They also come from different issuers: American Century and Pacific AM. Their fees differ too: 0.36% for AVES and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.90 vs 2.19), 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.