AVXC vs. ABEMX

Last updated Jun 4, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and ABEMX (abrdn Emerging Markets Fund) are both Emerging Markets Diversified funds. Over the past year, AVXC returned 62.37% vs 65.91% for ABEMX. Their correlation of 0.83 suggests significant overlap in exposure. AVXC charges 0.33%/yr vs 1.10%/yr for ABEMX.

Performance

AVXC vs. ABEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets ex-China Equity ETF (AVXC) and abrdn Emerging Markets Fund (ABEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AVXC having a 34.06% return and ABEMX slightly lower at 33.53%.

AVXC

• 1D: -1.44%
• 1M: 10.62%
• YTD: 34.06%
• 6M: 38.17%
• 1Y: 62.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABEMX

• 1D: 0.72%
• 1M: 10.78%
• YTD: 33.53%
• 6M: 35.76%
• 1Y: 65.91%
• 3Y*: 23.36%
• 5Y*: 8.07%
• 10Y*: 10.55%

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

AVXC vs. ABEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	34.06%	31.45%	-0.80%
ABEMX abrdn Emerging Markets Fund	33.53%	32.43%	1.89%

Correlation

The correlation between AVXC and ABEMX 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 (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.83

The correlation between AVXC and ABEMX has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

AVXC vs. ABEMX — Risk / Return Rank

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

AVXC

AVXC Risk / Return Rank: 87
AVXC Sharpe Ratio Rank: 90
AVXC Sortino Ratio Rank: 87
AVXC Omega Ratio Rank: 88
AVXC Calmar Ratio Rank: 83
AVXC Martin Ratio Rank: 85

ABEMX

ABEMX Risk / Return Rank: 91
ABEMX Sharpe Ratio Rank: 96
ABEMX Sortino Ratio Rank: 89
ABEMX Omega Ratio Rank: 90
ABEMX Calmar Ratio Rank: 91
ABEMX Martin Ratio Rank: 92

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.

AVXC vs. ABEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) and abrdn Emerging Markets Fund (ABEMX). 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.

	AVXC	ABEMX	Difference
Sharpe ratio: Return per unit of total volatility	3.12	3.47	-0.35
Sortino ratio: Return per unit of downside risk	4.00	4.32	-0.32
Omega ratio: Gain probability vs. loss probability	1.56	1.64	-0.08
Calmar ratio: Return relative to maximum drawdown	4.47	4.83	-0.37
Martin ratio: Return relative to average drawdown	18.06	19.12	-1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVXC vs. ABEMX - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 3.12, which is comparable to the ABEMX Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of AVXC and ABEMX, 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

	AVXC	ABEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	3.47	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.38	+1.20

Drawdowns

AVXC vs. ABEMX - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, smaller than the maximum ABEMX drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for AVXC and ABEMX.

Drawdown Indicators

	AVXC	ABEMX	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-54.52%	+34.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-13.68%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.44%	—
Current Drawdown Current decline from peak	-1.44%	0.00%	-1.44%
Average Drawdown Average peak-to-trough decline	-3.79%	-13.10%	+9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.45%	+0.01%

Volatility

AVXC vs. ABEMX - Volatility Comparison

Avantis Emerging Markets ex-China Equity ETF (AVXC) and abrdn Emerging Markets Fund (ABEMX) have volatilities of 9.00% and 8.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVXC	ABEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	8.94%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	16.50%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	19.05%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	18.70%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	18.69%	-0.22%

AVXC vs. ABEMX - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is lower than ABEMX's 1.10% expense ratio.

Dividends

AVXC vs. ABEMX - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 1.49%, less than ABEMX's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABEMX abrdn Emerging Markets Fund	4.57%	6.11%	0.99%	1.42%	1.82%	22.95%	0.68%	1.85%	1.57%	1.32%	1.23%	2.47%
AVXC Avantis Emerging Markets ex-China Equity ETF	1.49%	1.97%	1.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVXC and ABEMX in my portfolio?

AVXC and ABEMX 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 is riskier, AVXC or ABEMX?

AVXC has higher volatility (9.00%) compared to ABEMX (8.94%). In terms of maximum drawdown, AVXC dropped -20.44% vs ABEMX's -54.52%.

Which has better risk-adjusted returns?

ABEMX currently has the higher Sharpe Ratio (3.47 vs 3.12), 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.