AVSE vs. VEXC

Last updated Aug 4, 2026

AVSE (Avantis Responsible Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - AVSE tracks the MSCI Emerging Markets Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.91 means they have usually moved in the same direction. AVSE charges 0.33%/yr vs 0.07%/yr for VEXC.

Performance

AVSE vs. VEXC - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AVSE having a 17.48% return and VEXC slightly higher at 17.98%.

AVSE

• 1D: 1.03%
• 1M: -2.96%
• 6M: 8.96%
• YTD: 17.48%
• 1Y: 32.99%
• 3Y*: 20.73%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.59%

VEXC

• 1D: 0.60%
• 1M: -1.95%
• 6M: 10.20%
• YTD: 17.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
AVSE Avantis Responsible Emerging Markets Equity ETF	$1.09M	$1.10M	$1.10M
VEXC Vanguard Emerging Markets Ex-China ETF	$2.18M	$2.18M	$2.89M

AVSE vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
AVSE Avantis Responsible Emerging Markets Equity ETF	17.48%	2.96%
VEXC Vanguard Emerging Markets Ex-China ETF	17.98%	4.50%

Correlation

The correlation between AVSE and VEXC is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.91

Return for Risk

AVSE vs. VEXC — Risk / Return Rank

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

AVSE

AVSE Risk / Return Rank: 56
AVSE Sharpe Ratio Rank: 54
AVSE Sortino Ratio Rank: 51
AVSE Omega Ratio Rank: 58
AVSE Calmar Ratio Rank: 61
AVSE Martin Ratio Rank: 56

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AVSE vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible Emerging Markets Equity ETF (AVSE) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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.

	AVSE	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.91	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	7.01	—	—

Drawdowns

AVSE vs. VEXC - Drawdown Comparison

The maximum AVSE drawdown since its inception was -26.28%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for AVSE and VEXC.

Drawdown Indicators

	AVSE	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-12.42%	-13.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.68%	—	—
Current Drawdown Current decline from peak	-10.34%	-5.48%	-4.86%
Average Drawdown Average peak-to-trough decline	-6.82%	-2.62%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	—	—

Volatility

Volatility by Period

	AVSE	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.98%	20.39%	+3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.05%	20.39%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.05%	20.39%	-1.34%

AVSE vs. VEXC - Expense Ratio Comparison

AVSE has a 0.33% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

AVSE vs. VEXC - Dividend Comparison

AVSE's dividend yield for the trailing twelve months is around 2.14%, more than VEXC's 1.46% yield.

Position	TTM	2025	2024	2023	2022
AVSE Avantis Responsible Emerging Markets Equity ETF	2.14%	2.68%	3.03%	3.20%	1.27%
VEXC Vanguard Emerging Markets Ex-China ETF	1.46%	0.43%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVSE and VEXC in my portfolio?

With a correlation of 0.91, AVSE and VEXC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AVSE or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVSE or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.33% for AVSE.

Which ETF pays a higher dividend yield, AVSE or VEXC?

AVSE has the higher dividend yield at 2.14%, compared with 1.46% for VEXC.

What is the main difference between AVSE and VEXC?

AVSE tracks MSCI Emerging Markets Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.33% for AVSE and 0.07% for VEXC.