AVUS vs. AVES

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis U.S. Equity ETF (AVUS) and Avantis Emerging Markets Value ETF (AVES).

AVUS and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVUS is an actively managed fund by American Century. It was launched on Sep 24, 2019. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

AVUS vs. AVES - Performance Comparison

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

AVUS vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVUS Avantis U.S. Equity ETF	-0.32%	16.68%	20.43%	21.77%	-13.82%	9.14%
AVES Avantis Emerging Markets Value ETF	2.97%	30.49%	4.50%	16.79%	-16.04%	1.32%

Returns By Period

In the year-to-date period, AVUS achieves a -0.32% return, which is significantly lower than AVES's 2.97% return.

AVUS

• 1D: 2.83%
• 1M: -4.35%
• YTD: -0.32%
• 6M: 2.80%
• 1Y: 21.65%
• 3Y*: 17.69%
• 5Y*: 11.12%
• 10Y*: —

AVES

• 1D: 3.01%
• 1M: -9.24%
• YTD: 2.97%
• 6M: 6.68%
• 1Y: 31.64%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

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

AVUS vs. AVES - Expense Ratio Comparison

AVUS has a 0.15% expense ratio, which is lower than AVES's 0.36% expense ratio.

AVES

Avantis Emerging Markets Value ETF

AVUS

Avantis U.S. Equity ETF

Return for Risk

AVUS vs. AVES — Risk / Return Rank

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

AVUS

AVUS Risk / Return Rank: 73
AVUS Sharpe Ratio Rank: 69
AVUS Sortino Ratio Rank: 71
AVUS Omega Ratio Rank: 74
AVUS Calmar Ratio Rank: 71
AVUS Martin Ratio Rank: 82

AVES

AVES Risk / Return Rank: 86
AVES Sharpe Ratio Rank: 87
AVES Sortino Ratio Rank: 87
AVES Omega Ratio Rank: 88
AVES Calmar Ratio Rank: 85
AVES Martin Ratio Rank: 85

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.

AVUS vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Equity ETF (AVUS) 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.

	AVUS	AVES	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.76	-0.60
Sortino ratio Return per unit of downside risk	1.72	2.32	-0.60
Omega ratio Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio Return relative to maximum drawdown	1.72	2.40	-0.68
Martin ratio Return relative to average drawdown	8.50	9.31	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVUS vs. AVES - Sharpe Ratio Comparison

The current AVUS Sharpe Ratio is 1.16, which is lower than the AVES Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AVUS and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVUS	AVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.76	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.46	+0.23

Correlation

The correlation between AVUS and AVES is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AVUS vs. AVES - Dividend Comparison

AVUS's dividend yield for the trailing twelve months is around 1.04%, less than AVES's 3.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
AVUS Avantis U.S. Equity ETF	1.04%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%
AVES Avantis Emerging Markets Value ETF	3.19%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%	0.00%

Drawdowns

AVUS vs. AVES - Drawdown Comparison

The maximum AVUS drawdown since its inception was -37.04%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for AVUS and AVES.

Drawdown Indicators

	AVUS	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-27.40%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-12.90%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	—	—
Current Drawdown Current decline from peak	-5.24%	-10.28%	+5.04%
Average Drawdown Average peak-to-trough decline	-5.21%	-7.91%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.33%	-0.70%

Volatility

AVUS vs. AVES - Volatility Comparison

The current volatility for Avantis U.S. Equity ETF (AVUS) is 5.36%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 8.89%. This indicates that AVUS experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUS	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	8.89%	-3.53%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	12.90%	-3.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	18.09%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	16.73%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	16.73%	+4.31%