AVRE vs. AVEE

Last updated Jun 4, 2026

AVRE (Avantis Real Estate ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both exchange-traded funds - AVRE is a REIT fund actively managed by Avantis, while AVEE is a Emerging Markets Diversified fund actively managed by Avantis. Both are actively managed. Over the past year, AVRE returned 9.59% vs 26.42% for AVEE. At a 0.41 correlation, their price movements are largely independent. AVRE charges 0.17%/yr vs 0.42%/yr for AVEE.

Performance

AVRE vs. AVEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Real Estate ETF (AVRE) 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, AVRE achieves a 7.23% return, which is significantly lower than AVEE's 13.83% return.

AVRE

• 1D: -0.30%
• 1M: -1.25%
• YTD: 7.23%
• 6M: 6.93%
• 1Y: 9.59%
• 3Y*: 8.26%
• 5Y*: —
• 10Y*: —

AVEE

• 1D: -1.25%
• 1M: 0.86%
• YTD: 13.83%
• 6M: 14.34%
• 1Y: 26.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVRE vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVRE Avantis Real Estate ETF	7.23%	8.34%	0.54%	17.10%
AVEE Avantis Emerging Markets Small Cap Equity ETF	13.83%	19.80%	2.91%	7.28%

Correlation

The correlation between AVRE and AVEE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.41

AVRE vs. AVEE - Sectors Allocation Comparison

Sectors	AVRE	AVEE
Real Estate	99.3%	4.2%
Financial Services	0.1%	9.3%
Utilities	0.1%	2.9%
Basic Materials	-	9.5%
Communication Services	-	2.8%
Consumer Cyclical	-	11.3%
Consumer Defensive	-	5.4%
Energy	-	2.2%
Healthcare	-	6.9%
Industrials	-	18.2%
Technology	-	22.5%

Return for Risk

AVRE vs. AVEE — Risk / Return Rank

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

AVRE

AVRE Risk / Return Rank: 23
AVRE Sharpe Ratio Rank: 23
AVRE Sortino Ratio Rank: 22
AVRE Omega Ratio Rank: 22
AVRE Calmar Ratio Rank: 22
AVRE Martin Ratio Rank: 27

AVEE

AVEE Risk / Return Rank: 46
AVEE Sharpe Ratio Rank: 45
AVEE Sortino Ratio Rank: 43
AVEE Omega Ratio Rank: 44
AVEE Calmar Ratio Rank: 50
AVEE Martin Ratio Rank: 47

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.

AVRE vs. AVEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) 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.

	AVRE	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.59	-0.77
Sortino ratio: Return per unit of downside risk	1.18	2.20	-1.02
Omega ratio: Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio: Return relative to maximum drawdown	1.03	2.49	-1.47
Martin ratio: Return relative to average drawdown	3.74	7.99	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVRE vs. AVEE - Sharpe Ratio Comparison

The current AVRE Sharpe Ratio is 0.81, which is lower than the AVEE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of AVRE 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.

Sharpe Ratios by Period

	AVRE	AVEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.59	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	1.05	-0.93

Drawdowns

AVRE vs. AVEE - Drawdown Comparison

The maximum AVRE drawdown since its inception was -32.52%, which is greater than AVEE's maximum drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for AVRE and AVEE.

Drawdown Indicators

	AVRE	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-20.21%	-12.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-10.65%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	—	—
Current Drawdown Current decline from peak	-3.04%	-2.56%	-0.48%
Average Drawdown Average peak-to-trough decline	-14.76%	-3.68%	-11.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	3.32%	-0.75%

Volatility

AVRE vs. AVEE - Volatility Comparison

The current volatility for Avantis Real Estate ETF (AVRE) is 3.45%, while Avantis Emerging Markets Small Cap Equity ETF (AVEE) has a volatility of 6.73%. This indicates that AVRE 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

	AVRE	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	6.73%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	13.98%	-5.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	16.74%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	16.62%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	16.62%	-0.02%

AVRE vs. AVEE - Expense Ratio Comparison

AVRE has a 0.17% expense ratio, which is lower than AVEE's 0.42% expense ratio.

Dividends

AVRE vs. AVEE - Dividend Comparison

AVRE's dividend yield for the trailing twelve months is around 3.51%, more than AVEE's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.03%	2.25%	3.26%	0.39%	0.00%	0.00%
AVRE Avantis Real Estate ETF	3.51%	4.30%	3.99%	3.33%	3.78%	0.61%

Frequently Asked Questions

Can I hold both AVRE and AVEE in my portfolio?

AVRE and AVEE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVRE or AVEE?

AVEE has higher volatility (6.73%) compared to AVRE (3.45%). In terms of maximum drawdown, AVRE dropped -32.52% vs AVEE's -20.21%.

Which ETF is better, AVRE or AVEE?

On 1-year performance, AVEE leads with 26.42% vs 9.59% for AVRE. On fees, AVRE is cheaper at 0.17% per year. On volatility, AVRE has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVRE or AVEE?

Over the 1-year period, AVEE has performed better with a 26.42% return vs 9.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVRE or AVEE?

AVRE is cheaper with a 0.17% expense ratio, compared with 0.42% for AVEE.

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

AVRE has the higher dividend yield at 3.51%, compared with 2.03% for AVEE.

What is the main difference between AVRE and AVEE?

AVRE is categorized as REIT, while AVEE is Emerging Markets Diversified. Their fees differ too: 0.17% for AVRE and 0.42% for AVEE.

Which has better risk-adjusted returns?

AVEE currently has the higher Sharpe Ratio (1.59 vs 0.81), 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.