AVMV vs. AVEE

Last updated Jul 14, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both exchange-traded funds - AVMV is a Mid Cap Value Equities fund actively managed by Avantis, while AVEE is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Small Cap Index. AVMV is actively managed, while AVEE is passively managed. Over the past year, AVMV returned 21.87% vs 13.66% for AVEE. A 0.51 correlation means they provide meaningful diversification when combined. AVMV charges 0.20%/yr vs 0.42%/yr for AVEE.

Performance

AVMV vs. AVEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Value ETF (AVMV) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMV achieves a 13.96% return, which is significantly higher than AVEE's 8.49% return.

AVMV

• 1D: 0.15%
• 1M: -0.55%
• 6M: 9.37%
• YTD: 13.96%
• 1Y: 21.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVEE

• 1D: -2.38%
• 1M: -4.92%
• 6M: 5.50%
• YTD: 8.49%
• 1Y: 13.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVMV vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	13.96%	10.46%	18.43%	14.13%
AVEE Avantis Emerging Markets Small Cap Equity ETF	8.49%	19.80%	2.91%	6.15%

Correlation

The correlation between AVMV and AVEE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.51

The correlation between AVMV and AVEE has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.

AVMV vs. AVEE - Sectors Allocation Comparison

Sectors	AVMV	AVEE
Financial Services	22.4%	9.7%
Consumer Cyclical	18.5%	11.4%
Industrials	16.2%	18.9%
Energy	13.3%	2.0%
Technology	9.1%	24.9%
Consumer Defensive	7.3%	5.3%
Healthcare	6.5%	6.8%
Basic Materials	3.9%	9.9%
Communication Services	1.6%	3.7%
Real Estate	0.8%	4.5%
Utilities	0.6%	3.0%

Return for Risk

AVMV vs. AVEE — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 64
AVMV Sharpe Ratio Rank: 59
AVMV Sortino Ratio Rank: 63
AVMV Omega Ratio Rank: 58
AVMV Calmar Ratio Rank: 72
AVMV Martin Ratio Rank: 66

AVEE

AVEE Risk / Return Rank: 28
AVEE Sharpe Ratio Rank: 25
AVEE Sortino Ratio Rank: 24
AVEE Omega Ratio Rank: 25
AVEE Calmar Ratio Rank: 32
AVEE Martin Ratio Rank: 32

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.

AVMV vs. AVEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.

	AVMV	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	1.58	0.74	+0.84
Sortino ratio: Return per unit of downside risk	2.34	1.11	+1.24
Omega ratio: Gain probability vs. loss probability	1.28	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.88	1.29	+1.59
Martin ratio: Return relative to average drawdown	9.45	3.75	+5.70

AVMV vs. AVEE - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.58, which is higher than the AVEE Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of AVMV and AVEE, 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

AVMV vs. AVEE - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, which is greater than AVEE's maximum drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for AVMV and AVEE.

Drawdown Indicators

	AVMV	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-20.21%	-4.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-10.65%	+3.02%
Current Drawdown Current decline from peak	-0.55%	-7.12%	+6.57%
Average Drawdown Average peak-to-trough decline	-3.77%	-3.71%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.65%	-1.33%

Volatility

AVMV vs. AVEE - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.46%, while Avantis Emerging Markets Small Cap Equity ETF (AVEE) has a volatility of 8.06%. This indicates that AVMV experiences smaller price fluctuations and is considered to be less risky than AVEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMV	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	8.06%	-4.60%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	16.65%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	18.61%	-4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	17.27%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	17.27%	+0.52%

AVMV vs. AVEE - Expense Ratio Comparison

AVMV has a 0.20% expense ratio, which is lower than AVEE's 0.42% expense ratio.

Dividends

AVMV vs. AVEE - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.05%, less than AVEE's 2.29% yield.

Position	TTM	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.29%	2.25%	3.26%	0.39%
AVMV Avantis U.S. Mid Cap Value ETF	1.05%	1.20%	1.30%	0.25%

Frequently Asked Questions

Can I hold both AVMV and AVEE in my portfolio?

AVMV and AVEE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMV or AVEE?

AVEE has higher volatility (8.06%) compared to AVMV (3.46%). In terms of maximum drawdown, AVMV dropped -24.24% vs AVEE's -20.21%.

Which ETF is better, AVMV or AVEE?

On 1-year performance, AVMV leads with 21.87% vs 13.66% for AVEE. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or AVEE?

Over the 1-year period, AVMV has performed better with a 21.87% return vs 13.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or AVEE?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, AVMV or AVEE?

AVEE has the higher dividend yield at 2.29%, compared with 1.05% for AVMV.

What is the main difference between AVMV and AVEE?

AVMV is categorized as Mid Cap Value Equities, while AVEE is Emerging Markets Diversified. Their fees differ too: 0.20% for AVMV and 0.42% for AVEE.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.58 vs 0.74), 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.