AVUV vs. AVEM

Last updated Jun 6, 2026

AVUV (Avantis US Small Cap Value ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, AVUV returned 10.66%/yr vs 8.32%/yr for AVEM. A 0.57 correlation means they provide meaningful diversification when combined. AVUV charges 0.25%/yr vs 0.33%/yr for AVEM.

Performance

AVUV vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and Avantis Emerging Markets Equity ETF (AVEM). 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 AVUV having a 17.68% return and AVEM slightly higher at 18.53%.

AVUV

• 1D: -1.44%
• 1M: -0.57%
• YTD: 17.68%
• 6M: 17.05%
• 1Y: 37.41%
• 3Y*: 18.50%
• 5Y*: 10.66%
• 10Y*: —

AVEM

• 1D: -6.45%
• 1M: -3.75%
• YTD: 18.53%
• 6M: 20.01%
• 1Y: 41.65%
• 3Y*: 22.68%
• 5Y*: 8.32%
• 10Y*: —

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

AVUV vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	17.68%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%
AVEM Avantis Emerging Markets Equity ETF	18.53%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	11.86%

Correlation

The correlation between AVUV and AVEM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.58

The correlation between AVUV and AVEM has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

AVUV vs. AVEM - Sectors Allocation Comparison

Sectors	AVUV	AVEM
Financial Services	25.8%	20.7%
Energy	18.2%	5.1%
Consumer Cyclical	18.0%	9.2%
Industrials	13.9%	9.2%
Technology	7.0%	32.3%
Basic Materials	4.9%	8.1%
Consumer Defensive	4.5%	3.1%
Healthcare	4.2%	2.8%
Communication Services	2.8%	5.4%
Real Estate	0.7%	1.6%
Utilities	0.1%	2.6%

Return for Risk

AVUV vs. AVEM — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 71
AVUV Sharpe Ratio Rank: 66
AVUV Sortino Ratio Rank: 68
AVUV Omega Ratio Rank: 62
AVUV Calmar Ratio Rank: 86
AVUV Martin Ratio Rank: 75

AVEM

AVEM Risk / Return Rank: 64
AVEM Sharpe Ratio Rank: 62
AVEM Sortino Ratio Rank: 56
AVEM Omega Ratio Rank: 65
AVEM Calmar Ratio Rank: 66
AVEM Martin Ratio Rank: 68

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.

AVUV vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Avantis Emerging Markets Equity ETF (AVEM). 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.

	AVUV	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.04	+0.10
Sortino ratio: Return per unit of downside risk	3.06	2.62	+0.44
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	4.73	3.19	+1.54
Martin ratio: Return relative to average drawdown	14.03	12.47	+1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVUV vs. AVEM - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.14, which is comparable to the AVEM Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of AVUV and AVEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVUV	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.04	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.45	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.59	-0.03

Drawdowns

AVUV vs. AVEM - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for AVUV and AVEM.

Drawdown Indicators

	AVUV	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-36.05%	-13.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-13.13%	+5.18%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-18.02%	-10.77%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-33.88%	+5.09%
Current Drawdown Current decline from peak	-1.44%	-8.39%	+6.95%
Average Drawdown Average peak-to-trough decline	-7.94%	-10.09%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.35%	-0.68%

Volatility

AVUV vs. AVEM - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.30%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 10.35%. This indicates that AVUV experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	10.35%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	18.10%	-6.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.56%	20.54%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.74%	18.56%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.29%	20.70%	+7.59%

AVUV vs. AVEM - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than AVEM's 0.33% expense ratio.

Dividends

AVUV vs. AVEM - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.30%, less than AVEM's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	2.13%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
AVUV Avantis US Small Cap Value ETF	1.30%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%

Frequently Asked Questions

Can I hold both AVUV and AVEM in my portfolio?

AVUV and AVEM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUV or AVEM?

AVEM has higher volatility (10.35%) compared to AVUV (4.30%). In terms of maximum drawdown, AVUV dropped -49.42% vs AVEM's -36.05%.

Which ETF is better, AVUV or AVEM?

On 5-year performance, AVUV leads with 10.66% vs 8.32% for AVEM. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or AVEM?

Over the 5-year period, AVUV has performed better with a 10.66% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or AVEM?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.33% for AVEM.

Which ETF pays a higher dividend yield, AVUV or AVEM?

AVEM has the higher dividend yield at 2.13%, compared with 1.30% for AVUV.

What is the main difference between AVUV and AVEM?

AVUV is categorized as Small Cap Value Equities, while AVEM is Emerging Markets Equities. Their fees differ too: 0.25% for AVUV and 0.33% for AVEM.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.14 vs 2.04), 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.