AVWS.DE vs. AVEM

Last updated Jun 4, 2026

AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while AVEM is a Foreign Large Cap Equities fund tracking the MSCI Emerging Markets Index. AVWS.DE is actively managed, while AVEM is passively managed. Over the past year, AVWS.DE returned 34.22% vs 51.92% for AVEM. At a 0.36 correlation, their price movements are largely independent. AVWS.DE charges 0.39%/yr vs 0.33%/yr for AVEM.

Performance

AVWS.DE vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) and Avantis Emerging Markets Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AVWS.DE is traded in EUR, while AVEM is traded in USD. To make them comparable, the AVEM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVWS.DE achieves a 17.83% return, which is significantly lower than AVEM's 29.12% return.

AVWS.DE

• 1D: -0.33%
• 1M: 2.49%
• YTD: 17.83%
• 6M: 19.23%
• 1Y: 34.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVEM

• 1D: -1.17%
• 1M: 9.43%
• YTD: 29.12%
• 6M: 30.46%
• 1Y: 51.92%
• 3Y*: 22.73%
• 5Y*: 10.96%
• 10Y*: —

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

AVWS.DE vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	17.83%	7.87%	5.65%
AVEM Avantis Emerging Markets Equity ETF	29.12%	18.53%	-1.14%

Correlation

The correlation between AVWS.DE and AVEM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.36

Return for Risk

AVWS.DE vs. AVEM — Risk / Return Rank

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

AVWS.DE

AVWS.DE Risk / Return Rank: 77
AVWS.DE Sharpe Ratio Rank: 70
AVWS.DE Sortino Ratio Rank: 70
AVWS.DE Omega Ratio Rank: 67
AVWS.DE Calmar Ratio Rank: 89
AVWS.DE Martin Ratio Rank: 88

AVEM

AVEM Risk / Return Rank: 82
AVEM Sharpe Ratio Rank: 85
AVEM Sortino Ratio Rank: 80
AVEM Omega Ratio Rank: 83
AVEM Calmar Ratio Rank: 80
AVEM Martin Ratio Rank: 82

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.

AVWS.DE vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) 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.

	AVWS.DE	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.88	-0.52
Sortino ratio: Return per unit of downside risk	3.26	3.73	-0.48
Omega ratio: Gain probability vs. loss probability	1.41	1.53	-0.12
Calmar ratio: Return relative to maximum drawdown	5.33	4.97	+0.36
Martin ratio: Return relative to average drawdown	19.87	18.77	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVWS.DE vs. AVEM - Sharpe Ratio Comparison

The current AVWS.DE Sharpe Ratio is 2.35, which is comparable to the AVEM Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of AVWS.DE 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

	AVWS.DE	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.88	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.65	+0.42

Drawdowns

AVWS.DE vs. AVEM - Drawdown Comparison

The maximum AVWS.DE drawdown since its inception was -25.21%, smaller than the maximum AVEM drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for AVWS.DE and AVEM.

Drawdown Indicators

	AVWS.DE	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-25.21%	-33.91%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-10.49%	+4.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.20%	—
Current Drawdown Current decline from peak	-0.78%	-1.17%	+0.39%
Average Drawdown Average peak-to-trough decline	-5.14%	-6.57%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.77%	-1.05%

Volatility

AVWS.DE vs. AVEM - Volatility Comparison

The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) is 3.25%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 7.57%. This indicates that AVWS.DE 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

	AVWS.DE	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	7.57%	-4.32%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	15.21%	-5.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	18.15%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	16.65%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	19.42%	-1.28%

AVWS.DE vs. AVEM - Expense Ratio Comparison

AVWS.DE has a 0.39% expense ratio, which is higher than AVEM's 0.33% expense ratio.

Dividends

AVWS.DE vs. AVEM - Dividend Comparison

AVWS.DE has not paid dividends to shareholders, while AVEM's dividend yield for the trailing twelve months is around 1.98%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	1.98%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVWS.DE and AVEM in my portfolio?

AVWS.DE and AVEM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVWS.DE or AVEM?

On fees, AVEM is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVWS.DE or AVEM?

AVEM is cheaper with a 0.33% expense ratio, compared with 0.39% for AVWS.DE.

What is the main difference between AVWS.DE and AVEM?

AVWS.DE is categorized as Foreign Small & Mid Cap Equities, while AVEM is Foreign Large Cap Equities. They also come from different issuers: Avantis and American Century. Their fees differ too: 0.39% for AVWS.DE and 0.33% for AVEM.