AVXC vs. DEXC

Last updated Aug 4, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and DEXC (Dimensional Emerging Markets ex China Core Equity ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, AVXC returned 43.04% vs 40.81% for DEXC. Their 0.98 correlation means they have historically moved very closely together. AVXC charges 0.33%/yr vs 0.43%/yr for DEXC.

Performance

AVXC vs. DEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets ex-China Equity ETF (AVXC) and Dimensional Emerging Markets ex China Core Equity ETF (DEXC). 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 AVXC having a 23.53% return and DEXC slightly higher at 23.65%.

AVXC

• 1D: 1.36%
• 1M: -3.87%
• 6M: 12.86%
• YTD: 23.53%
• 1Y: 43.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.06%

DEXC

• 1D: 1.26%
• 1M: -5.67%
• 6M: 13.53%
• YTD: 23.65%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVXC Avantis Emerging Markets ex-China Equity ETF	$2.49M	$2.46M	$3.42M
DEXC Dimensional Emerging Markets ex China Core Equity ETF	$1.35M	$1.28M	$1.63M

AVXC vs. DEXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	23.53%	31.45%	-1.62%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	23.65%	27.13%	-1.63%

Correlation

The correlation between AVXC and DEXC is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Nov 14, 2024	0.98

The correlation between AVXC and DEXC has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

AVXC vs. DEXC - Sectors Allocation Comparison

Sectors	AVXC	DEXC
Technology	32.8%	48.1%
Financial Services	20.6%	14.7%
Industrials	9.0%	9.3%
Basic Materials	7.2%	6.5%
Consumer Cyclical	5.0%	5.9%
Energy	3.8%	3.1%
Communication Services	3.5%	3.2%
Consumer Defensive	2.7%	3.1%
Utilities	2.6%	1.9%
Healthcare	2.1%	2.8%
Real Estate	1.4%	1.4%

Return for Risk

AVXC vs. DEXC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVXC

AVXC Risk / Return Rank: 72
AVXC Sharpe Ratio Rank: 73
AVXC Sortino Ratio Rank: 68
AVXC Omega Ratio Rank: 75
AVXC Calmar Ratio Rank: 73
AVXC Martin Ratio Rank: 71

DEXC

DEXC Risk / Return Rank: 62
DEXC Sharpe Ratio Rank: 63
DEXC Sortino Ratio Rank: 57
DEXC Omega Ratio Rank: 67
DEXC Calmar Ratio Rank: 59
DEXC Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVXC vs. DEXC - Risk-Adjusted Trends Comparison

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

	AVXC	DEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.58	+0.14
Sortino ratio: Return per unit of downside risk	2.29	2.12	+0.17
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.63	2.24	+0.39
Martin ratio: Return relative to average drawdown	8.98	8.41	+0.57

AVXC vs. DEXC - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 1.72, which is comparable to the DEXC Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of AVXC and DEXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVXC vs. DEXC - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, which is greater than DEXC's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for AVXC and DEXC.

Drawdown Indicators

	AVXC	DEXC	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-18.31%	-2.13%
Max Drawdown (1Y) Largest decline over 1 year	-16.43%	-18.31%	+1.88%
Current Drawdown Current decline from peak	-11.40%	-13.22%	+1.82%
Average Drawdown Average peak-to-trough decline	-4.03%	-2.94%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	4.87%	-0.07%

Volatility

AVXC vs. DEXC - Volatility Comparison

Avantis Emerging Markets ex-China Equity ETF (AVXC) and Dimensional Emerging Markets ex China Core Equity ETF (DEXC) have volatilities of 9.94% and 10.19%, 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	DEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	10.19%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	23.40%	24.38%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.16%	25.96%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	22.67%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	22.67%	-2.06%

AVXC vs. DEXC - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is lower than DEXC's 0.43% expense ratio.

Dividends

AVXC vs. DEXC - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 1.71%, more than DEXC's 1.65% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	1.71%	1.97%	1.34%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.65%	1.97%	0.19%

Frequently Asked Questions

Can I hold both AVXC and DEXC in my portfolio?

With a correlation of 0.98, AVXC and DEXC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVXC or DEXC?

DEXC has higher volatility (10.19%) compared to AVXC (9.94%). In terms of maximum drawdown, AVXC dropped -20.44% vs DEXC's -18.31%.

Which ETF is better, AVXC or DEXC?

On 1-year performance, AVXC leads with 43.04% vs 40.81% for DEXC. On fees, AVXC is cheaper at 0.33% per year. On volatility, AVXC has been the lower-risk option at 9.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVXC or DEXC?

Over the 1-year period, AVXC has performed better with a 43.04% return vs 40.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVXC or DEXC?

AVXC is cheaper with a 0.33% expense ratio, compared with 0.43% for DEXC.

Which ETF pays a higher dividend yield, AVXC or DEXC?

AVXC has the higher dividend yield at 1.71%, compared with 1.65% for DEXC.

What is the main difference between AVXC and DEXC?

They also come from different issuers: Avantis and Dimensional. Their fees differ too: 0.33% for AVXC and 0.43% for DEXC.

Which has better risk-adjusted returns?

AVXC currently has the higher Sharpe Ratio (1.72 vs 1.58), 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.