AVTM vs. AVES

Last updated Jun 25, 2026

AVTM (Avantis Total Equity Markets ETF) and AVES (Avantis Emerging Markets Value ETF) are both exchange-traded funds - AVTM is a Global Equities fund actively managed by Avantis, while AVES is a Emerging Markets Equities fund actively managed by Avantis. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. AVTM charges 0.22%/yr vs 0.36%/yr for AVES.

Performance

AVTM vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Total Equity Markets ETF (AVTM) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVTM

• 1D: -0.14%
• 1M: 0.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVES

• 1D: -0.25%
• 1M: -1.19%
• YTD: 12.43%
• 6M: 12.38%
• 1Y: 25.89%
• 3Y*: 19.12%
• 5Y*: —
• 10Y*: —

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

AVTM vs. AVES - Yearly Performance Comparison

	2026 (YTD)
AVTM Avantis Total Equity Markets ETF	7.18%
AVES Avantis Emerging Markets Value ETF	5.31%

Correlation

The correlation between AVTM and AVES is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.84

Return for Risk

AVTM vs. AVES — Risk / Return Rank

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

AVTM

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

AVES

AVES Risk / Return Rank: 44
AVES Sharpe Ratio Rank: 43
AVES Sortino Ratio Rank: 40
AVES Omega Ratio Rank: 46
AVES Calmar Ratio Rank: 44
AVES 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.

AVTM vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Total Equity Markets ETF (AVTM) and Avantis Emerging Markets Value ETF (AVES). 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.

	AVTM	AVES	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.02	—
Martin ratio: Return relative to average drawdown	—	7.23	—

Drawdowns

AVTM vs. AVES - Drawdown Comparison

The maximum AVTM drawdown since its inception was -9.21%, smaller than the maximum AVES drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for AVTM and AVES.

Drawdown Indicators

	AVTM	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-9.21%	-27.40%	+18.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.50%	—
Current Drawdown Current decline from peak	-2.48%	-5.41%	+2.93%
Average Drawdown Average peak-to-trough decline	-2.01%	-7.67%	+5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	AVTM	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.42%	19.01%	-2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.42%	17.35%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	17.35%	-0.93%

AVTM vs. AVES - Expense Ratio Comparison

AVTM has a 0.22% expense ratio, which is lower than AVES's 0.36% expense ratio.

Dividends

AVTM vs. AVES - Dividend Comparison

AVTM's dividend yield for the trailing twelve months is around 0.28%, less than AVES's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021
AVES Avantis Emerging Markets Value ETF	2.48%	3.17%	4.09%	3.96%	3.70%	0.62%
AVTM Avantis Total Equity Markets ETF	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVTM and AVES in my portfolio?

AVTM and AVES have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVTM or AVES?

On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVTM or AVES?

AVTM is cheaper with a 0.22% expense ratio, compared with 0.36% for AVES.

Which ETF pays a higher dividend yield, AVTM or AVES?

AVES has the higher dividend yield at 2.48%, compared with 0.28% for AVTM.

What is the main difference between AVTM and AVES?

AVTM is categorized as Global Equities, while AVES is Emerging Markets Equities. Their fees differ too: 0.22% for AVTM and 0.36% for AVES.