AVUSX vs. AVES
AVUSX (Avantis U.S. Equity Fund) and AVES (Avantis Emerging Markets Value ETF) are both funds - AVUSX is a Large Cap Blend Equities fund managed by Avantis, while AVES is a Emerging Markets Equities fund actively managed by Avantis. Over the past 3 years, AVUSX returned 18.75%/yr vs 14.88%/yr for AVES. Their 0.66 correlation means they have sometimes moved together and sometimes differently. AVUSX charges 0.15%/yr vs 0.36%/yr for AVES.
Performance
AVUSX vs. AVES - Performance Comparison
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Returns By Period
In the year-to-date period, AVUSX achieves a 14.37% return, which is significantly higher than AVES's 7.59% return.
AVUSX
- 1D
- 1.66%
- 1M
- -0.08%
- 6M
- 10.42%
- YTD
- 14.37%
- 1Y
- 26.73%
- 3Y*
- 18.75%
- 5Y*
- 12.24%
- 10Y*
- —
- ALL TIME*
- 15.54%
AVES
- 1D
- -0.75%
- 1M
- -4.02%
- 6M
- 0.78%
- YTD
- 7.59%
- 1Y
- 19.41%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.66M | $7.29M | $6.23M | |
| $0.00 | $0.00 | $0.00 |
AVUSX vs. AVES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVUSX Avantis U.S. Equity Fund | 14.37% | 16.44% | 20.02% | 21.44% | -14.42% | 7.13% |
AVES Avantis Emerging Markets Value ETF | 7.59% | 30.49% | 4.50% | 16.79% | -16.04% | 0.95% |
Correlation
The correlation between AVUSX and AVES is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.66 |
The correlation between AVUSX and AVES shifts across timeframes, from 0.63 (3 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVUSX vs. AVES — Risk / Return Rank
AVUSX
AVES
AVUSX vs. AVES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Equity Fund (AVUSX) 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.
| AVUSX | AVES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.44 | +1.82 |
| Martin ratioReturn relative to average drawdown | 14.27 | 4.35 | +9.91 |
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Drawdowns
AVUSX vs. AVES - Drawdown Comparison
The maximum AVUSX drawdown since its inception was -36.23%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for AVUSX and AVES.
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Drawdown Indicators
| AVUSX | AVES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -27.40% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -12.90% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.61% | -18.50% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | -9.48% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -7.66% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.26% | -2.55% |
Volatility
AVUSX vs. AVES - Volatility Comparison
The current volatility for Avantis U.S. Equity Fund (AVUSX) is 3.21%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 6.96%. This indicates that AVUSX 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.
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Volatility by Period
| AVUSX | AVES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 6.96% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 18.01% | -8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 20.01% | -7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 17.49% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 17.49% | +3.29% |
AVUSX vs. AVES - Expense Ratio Comparison
AVUSX has a 0.15% expense ratio, which is lower than AVES's 0.36% expense ratio.
Dividends
AVUSX vs. AVES - Dividend Comparison
AVUSX's dividend yield for the trailing twelve months is around 2.31%, less than AVES's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 2.59% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% |
AVUSX Avantis U.S. Equity Fund | 2.31% | 2.64% | 1.36% | 1.19% | 1.63% | 0.92% | 0.94% | 0.15% |
Frequently Asked Questions
AVUSX and AVES have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVES has higher volatility (6.96%) compared to AVUSX (3.21%). In terms of maximum drawdown, AVUSX dropped -36.23% vs AVES's -27.40%.
AVUSX currently has the higher Sharpe Ratio (1.91 vs 0.93), 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.
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