AVSG.L vs. AVEM.L
AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) are both exchange-traded funds - AVSG.L is a Small Cap Value Equities fund actively managed by Avantis, while AVEM.L is a Emerging Markets Equities fund actively managed by Avantis. Both are actively managed. Over the past year, AVSG.L returned 41.60% vs 39.80% for AVEM.L. At a 0.42 correlation, their price movements are largely independent. AVSG.L charges 0.39%/yr vs 0.35%/yr for AVEM.L.
Performance
AVSG.L vs. AVEM.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AVSG.L having a 20.47% return and AVEM.L slightly higher at 21.24%.
AVSG.L
- 1D
- 0.00%
- 1M
- 2.37%
- YTD
- 20.47%
- 6M
- 20.38%
- 1Y
- 41.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEM.L
- 1D
- 0.81%
- 1M
- 0.28%
- YTD
- 21.24%
- 6M
- 22.11%
- 1Y
- 39.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVSG.L vs. AVEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 20.47% | 17.98% |
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 21.24% | 25.36% |
Correlation
The correlation between AVSG.L and AVEM.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.42 |
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Return for Risk
AVSG.L vs. AVEM.L — Risk / Return Rank
AVSG.L
AVEM.L
AVSG.L vs. AVEM.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 (AVSG.L) and Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.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.
| AVSG.L | AVEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.37 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | 3.05 | +3.01 |
| Martin ratioReturn relative to average drawdown | 23.78 | 11.29 | +12.49 |
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Drawdowns
AVSG.L vs. AVEM.L - Drawdown Comparison
The maximum AVSG.L drawdown since its inception was -21.38%, which is greater than AVEM.L's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for AVSG.L and AVEM.L.
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Drawdown Indicators
| AVSG.L | AVEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.38% | -14.44% | -6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -13.05% | +6.15% |
Current DrawdownCurrent decline from peak | 0.00% | -4.42% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.19% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 3.52% | -1.77% |
Volatility
AVSG.L vs. AVEM.L - Volatility Comparison
The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) is 3.07%, while Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) has a volatility of 8.84%. This indicates that AVSG.L experiences smaller price fluctuations and is considered to be less risky than AVEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVSG.L | AVEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 8.84% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 17.33% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 19.67% | -6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 20.45% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 20.45% | -4.66% |
AVSG.L vs. AVEM.L - Expense Ratio Comparison
AVSG.L has a 0.39% expense ratio, which is higher than AVEM.L's 0.35% expense ratio.
Dividends
AVSG.L vs. AVEM.L - Dividend Comparison
Neither AVSG.L nor AVEM.L has paid dividends to shareholders.
Frequently Asked Questions
AVSG.L and AVEM.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVEM.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVEM.L is cheaper with a 0.35% expense ratio, compared with 0.39% for AVSG.L.
AVSG.L is categorized as Small Cap Value Equities, while AVEM.L is Emerging Markets Equities. Their fees differ too: 0.39% for AVSG.L and 0.35% for AVEM.L.
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