AVES vs. STXE

Last updated Aug 2, 2026

AVES (Avantis Emerging Markets Value ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. AVES is actively managed, while STXE is passively managed. Over the past 3 years, AVES returned 14.88%/yr vs 23.32%/yr for STXE. Their 0.79 correlation means they have sometimes moved together and sometimes differently. AVES charges 0.36%/yr vs 0.32%/yr for STXE.

Performance

AVES vs. STXE - Performance Comparison

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

Returns By Period

In the year-to-date period, AVES achieves a 7.59% return, which is significantly lower than STXE's 31.48% return.

AVES

• 1D: -0.75%
• 1M: -4.02%
• 6M: 0.78%
• YTD: 7.59%
• 1Y: 19.41%
• 3Y*: 14.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.03%

STXE

• 1D: 2.93%
• 1M: -5.07%
• 6M: 18.30%
• YTD: 31.48%
• 1Y: 56.34%
• 3Y*: 23.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVES Avantis Emerging Markets Value ETF	$7.66M	$7.29M	$6.23M
STXE Strive Emerging Markets Ex-China ETF	$412.67K	$566.81K	$571.67K

AVES vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVES Avantis Emerging Markets Value ETF	7.59%	30.49%	4.50%	8.04%
STXE Strive Emerging Markets Ex-China ETF	31.48%	34.23%	2.09%	12.38%

Correlation

The correlation between AVES and STXE is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023	0.79

The correlation between AVES and STXE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

AVES vs. STXE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVES

AVES Risk / Return Rank: 39
AVES Sharpe Ratio Rank: 38
AVES Sortino Ratio Rank: 36
AVES Omega Ratio Rank: 39
AVES Calmar Ratio Rank: 41
AVES Martin Ratio Rank: 41

STXE

STXE Risk / Return Rank: 79
STXE Sharpe Ratio Rank: 81
STXE Sortino Ratio Rank: 74
STXE Omega Ratio Rank: 81
STXE Calmar Ratio Rank: 77
STXE Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVES vs. STXE - Risk-Adjusted Trends Comparison

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

	AVES	STXE	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.86	-0.93
Sortino ratio: Return per unit of downside risk	1.36	2.40	-1.05
Omega ratio: Gain probability vs. loss probability	1.18	1.34	-0.16
Calmar ratio: Return relative to maximum drawdown	1.44	2.73	-1.29
Martin ratio: Return relative to average drawdown	4.35	10.29	-5.94

AVES vs. STXE - Sharpe Ratio Comparison

The current AVES Sharpe Ratio is 0.93, which is lower than the STXE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of AVES and STXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVES vs. STXE - Drawdown Comparison

The maximum AVES drawdown since its inception was -27.40%, which is greater than STXE's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for AVES and STXE.

Drawdown Indicators

	AVES	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-27.40%	-20.38%	-7.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-20.38%	+7.48%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-20.38%	+1.88%
Current Drawdown Current decline from peak	-9.48%	-14.59%	+5.11%
Average Drawdown Average peak-to-trough decline	-7.66%	-3.95%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	5.39%	-1.13%

Volatility

AVES vs. STXE - Volatility Comparison

The current volatility for Avantis Emerging Markets Value ETF (AVES) is 6.96%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 13.05%. This indicates that AVES experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVES	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	13.05%	-6.09%
Volatility (6M) Calculated over the trailing 6-month period	18.01%	28.09%	-10.08%
Volatility (1Y) Calculated over the trailing 1-year period	20.01%	29.83%	-9.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	20.17%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	20.17%	-2.68%

AVES vs. STXE - Expense Ratio Comparison

AVES has a 0.36% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

AVES vs. STXE - Dividend Comparison

AVES's dividend yield for the trailing twelve months is around 2.59%, more than STXE's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021
AVES Avantis Emerging Markets Value ETF	2.59%	3.17%	4.09%	3.96%	3.70%	0.62%
STXE Strive Emerging Markets Ex-China ETF	1.91%	2.66%	3.22%	1.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVES and STXE in my portfolio?

AVES and STXE 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 STXE?

STXE has higher volatility (13.05%) compared to AVES (6.96%). In terms of maximum drawdown, AVES dropped -27.40% vs STXE's -20.38%.

Which ETF is better, AVES or STXE?

On 3-year performance, STXE leads with 23.32% vs 14.88% for AVES. On fees, STXE is cheaper at 0.32% per year. On volatility, AVES has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVES or STXE?

Over the 3-year period, STXE has performed better with a 23.32% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVES or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.36% for AVES.

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

AVES has the higher dividend yield at 2.59%, compared with 1.91% for STXE.

What is the main difference between AVES and STXE?

They also come from different issuers: Avantis and Strive. Their fees differ too: 0.36% for AVES and 0.32% for STXE.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (1.86 vs 0.93), 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.