AVGS.L vs. AVEG.L
AVGS.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and AVEG.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) are both exchange-traded funds - AVGS.L is a Global Equities fund actively managed by Avantis, while AVEG.L is a Emerging Markets Diversified fund actively managed by Avantis. Both are actively managed. Over the past year, AVGS.L returned 37.10% vs 45.23% for AVEG.L. A 0.57 correlation means they provide meaningful diversification when combined. AVGS.L charges 0.39%/yr vs 0.35%/yr for AVEG.L.
Performance
AVGS.L vs. AVEG.L - Performance Comparison
Loading charts...
Different Trading Currencies
AVGS.L is traded in USD, while AVEG.L is traded in GBP. To make them comparable, the AVEG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVGS.L achieves a 18.60% return, which is significantly lower than AVEG.L's 25.08% return.
AVGS.L
- 1D
- -0.35%
- 1M
- 3.43%
- YTD
- 18.60%
- 6M
- 18.74%
- 1Y
- 37.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEG.L
- 1D
- 0.00%
- 1M
- 7.30%
- YTD
- 25.08%
- 6M
- 30.37%
- 1Y
- 45.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGS.L vs. AVEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 18.60% | 22.97% |
AVEG.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 25.08% | 26.09% |
Correlation
The correlation between AVGS.L and AVEG.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.57 |
The correlation between AVGS.L and AVEG.L has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVGS.L vs. AVEG.L — Risk / Return Rank
AVGS.L
AVEG.L
AVGS.L vs. AVEG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) and Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L). 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.
| AVGS.L | AVEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 3.46 | +1.06 |
| Martin ratioReturn relative to average drawdown | 15.85 | 13.08 | +2.78 |
Loading charts...
Drawdowns
AVGS.L vs. AVEG.L - Drawdown Comparison
The maximum AVGS.L drawdown since its inception was -20.23%, which is greater than AVEG.L's maximum drawdown of -13.65%. Use the drawdown chart below to compare losses from any high point for AVGS.L and AVEG.L.
Loading charts...
Drawdown Indicators
| AVGS.L | AVEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -13.65% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -13.13% | +4.74% |
Current DrawdownCurrent decline from peak | -1.15% | 0.00% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -2.09% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 3.48% | -1.09% |
Volatility
AVGS.L vs. AVEG.L - Volatility Comparison
The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) is 4.29%, while Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) has a volatility of 7.85%. This indicates that AVGS.L experiences smaller price fluctuations and is considered to be less risky than AVEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVGS.L | AVEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 7.85% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 16.24% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 18.82% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 19.84% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 19.84% | -2.85% |
AVGS.L vs. AVEG.L - Expense Ratio Comparison
AVGS.L has a 0.39% expense ratio, which is higher than AVEG.L's 0.35% expense ratio.
Dividends
AVGS.L vs. AVEG.L - Dividend Comparison
Neither AVGS.L nor AVEG.L has paid dividends to shareholders.
Frequently Asked Questions
AVGS.L and AVEG.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVEG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVEG.L is cheaper with a 0.35% expense ratio, compared with 0.39% for AVGS.L.
AVGS.L is categorized as Global Equities, while AVEG.L is Emerging Markets Diversified. Their fees differ too: 0.39% for AVGS.L and 0.35% for AVEG.L.
Find the right allocation for AVGS.L and AVEG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer