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AVES vs. QEMM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

AVES vs. QEMM

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis Emerging Markets Value ETF (AVES) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM).

AVES and QEMM 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. It was launched on Sep 28, 2021. QEMM is a passively managed fund by State Street that tracks the performance of the MSCI EM Factor Mix A-Series (USD). It was launched on Jun 4, 2014.

Performance

AVES vs. QEMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Value ETF (AVES) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM). The values are adjusted to include any dividend payments, if applicable.

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AVES vs. QEMM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
AVES
Avantis Emerging Markets Value ETF		2.97%30.49%4.50%16.79%-16.04%1.32%
QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF		4.84%21.92%4.98%12.50%-17.82%1.79%

Returns By Period

In the year-to-date period, AVES achieves a 2.97% return, which is significantly lower than QEMM's 4.84% return.

AVES

1D
3.01%
1M
-9.24%
YTD
2.97%
6M
6.68%
1Y
31.64%
3Y*
16.33%
5Y*
—
10Y*
—

QEMM

1D
2.95%
1M
-6.92%
YTD
4.84%
6M
8.64%
1Y
26.47%
3Y*
13.21%
5Y*
4.75%
10Y*
7.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis Emerging Markets Value ETF

SPDR MSCI Emerging Markets StrategicFactors ETF

Often compared with AVES:
AVES vs. AVEMAVES vs. AVEEAVES vs. DGSAVES vs. VWOAVES vs. DFEVAVES vs. FNDEAVES vs. DFEVX
Often compared with QEMM:
QEMM vs. MXFP.LQEMM vs. SPDWQEMM vs. EMGFQEMM vs. JHMBQEMM vs. EMIM.LQEMM vs. URTHQEMM vs. AEME.L

AVES vs. QEMM - Expense Ratio Comparison

AVES has a 0.36% expense ratio, which is higher than QEMM's 0.30% expense ratio.

AVES
Avantis Emerging Markets Value ETF
QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF

Return for Risk

AVES vs. QEMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVES
AVES Risk / Return Rank: 8686
Overall Rank
AVES Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
AVES Sortino Ratio Rank: 8787
Sortino Ratio Rank
AVES Omega Ratio Rank: 8888
Omega Ratio Rank
AVES Calmar Ratio Rank: 8585
Calmar Ratio Rank
AVES Martin Ratio Rank: 8585
Martin Ratio Rank
QEMM
QEMM Risk / Return Rank: 8282
Overall Rank
QEMM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QEMM Sortino Ratio Rank: 8282
Sortino Ratio Rank
QEMM Omega Ratio Rank: 8181
Omega Ratio Rank
QEMM Calmar Ratio Rank: 8585
Calmar Ratio Rank
QEMM Martin Ratio Rank: 8383
Martin Ratio Rank
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. QEMM - Risk-Adjusted Trends Comparison

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

AVESQEMMDifference

Sharpe ratio

Return per unit of total volatility

1.76

1.54

+0.21

Sortino ratio

Return per unit of downside risk

2.32

2.16

+0.16

Omega ratio

Gain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratio

Return relative to maximum drawdown

2.40

2.56

-0.16

Martin ratio

Return relative to average drawdown

9.31

9.33

-0.02

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. QEMM - Sharpe Ratio Comparison

The current AVES Sharpe Ratio is 1.76, which is comparable to the QEMM Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of AVES and QEMM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

AVESQEMMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

1.54

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.32

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.26

+0.20

Correlation

The correlation between AVES and QEMM is 0.92, 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.

Dividends

AVES vs. QEMM - Dividend Comparison

AVES's dividend yield for the trailing twelve months is around 3.19%, less than QEMM's 4.67% yield.

TTM20252024202320222021202020192018201720162015
AVES
Avantis Emerging Markets Value ETF		3.19%3.17%4.09%3.96%3.70%0.62%0.00%0.00%0.00%0.00%0.00%0.00%
QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF		4.67%4.90%5.17%4.88%4.07%2.35%2.48%3.05%2.86%2.11%2.03%2.14%

Drawdowns

AVES vs. QEMM - Drawdown Comparison

The maximum AVES drawdown since its inception was -27.40%, smaller than the maximum QEMM drawdown of -36.89%. Use the drawdown chart below to compare losses from any high point for AVES and QEMM.

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Drawdown Indicators

AVESQEMMDifference

Max Drawdown

Largest peak-to-trough decline

-27.40%

-36.89%

+9.49%

Max Drawdown (1Y)

Largest decline over 1 year

-12.90%

-10.40%

-2.50%

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.55%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.89%

—

Current Drawdown

Current decline from peak

-10.28%

-7.76%

-2.52%

Average Drawdown

Average peak-to-trough decline

-7.91%

-10.77%

+2.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

2.85%

+0.48%

Volatility

AVES vs. QEMM - Volatility Comparison

Avantis Emerging Markets Value ETF (AVES) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) have volatilities of 8.89% and 9.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVESQEMMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.89%

9.11%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

12.57%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

18.09%

17.21%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.73%

14.81%

+1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.73%

16.73%

0.00%