AVXC vs. DEXC

Last updated Jun 24, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and DEXC (Dimensional Emerging Markets ex China Core Equity ETF) are both Emerging Markets Diversified funds. Both are actively managed. Over the past year, AVXC returned 56.20% vs 55.75% for DEXC. With a 0.98 correlation, they move nearly in lockstep. 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

In the year-to-date period, AVXC achieves a 31.52% return, which is significantly lower than DEXC's 33.63% return.

AVXC

• 1D: -5.67%
• 1M: 3.81%
• YTD: 31.52%
• 6M: 32.82%
• 1Y: 56.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DEXC

• 1D: -6.22%
• 1M: 3.82%
• YTD: 33.63%
• 6M: 34.97%
• 1Y: 55.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVXC vs. DEXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	31.52%	31.45%	-1.62%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	33.63%	27.13%	-1.63%

Correlation

The correlation between AVXC and DEXC is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	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	34.2%	48.0%
Financial Services	18.9%	14.3%
Industrials	8.7%	9.6%
Basic Materials	7.3%	7.0%
Consumer Cyclical	5.4%	5.8%
Energy	3.7%	3.3%
Communication Services	3.5%	3.0%
Consumer Defensive	2.7%	3.1%
Utilities	2.4%	1.9%
Healthcare	2.1%	2.6%
Real Estate	1.3%	1.4%

Return for Risk

AVXC vs. DEXC — Risk / Return Rank

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

AVXC

AVXC Risk / Return Rank: 80
AVXC Sharpe Ratio Rank: 81
AVXC Sortino Ratio Rank: 73
AVXC Omega Ratio Rank: 82
AVXC Calmar Ratio Rank: 81
AVXC Martin Ratio Rank: 82

DEXC

DEXC Risk / Return Rank: 82
DEXC Sharpe Ratio Rank: 81
DEXC Sortino Ratio Rank: 73
DEXC Omega Ratio Rank: 83
DEXC Calmar Ratio Rank: 85
DEXC Martin Ratio Rank: 86

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. 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	2.45	2.36	+0.09
Sortino ratio: Return per unit of downside risk	3.07	2.96	+0.11
Omega ratio: Gain probability vs. loss probability	1.46	1.45	+0.01
Calmar ratio: Return relative to maximum drawdown	4.02	4.36	-0.33
Martin ratio: Return relative to average drawdown	15.56	16.49	-0.93

AVXC vs. DEXC - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 2.45, which is comparable to the DEXC Sharpe Ratio of 2.36. 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 -15.07%. 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%	-15.07%	-5.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-12.86%	-1.18%
Current Drawdown Current decline from peak	-5.67%	-6.22%	+0.55%
Average Drawdown Average peak-to-trough decline	-3.79%	-2.45%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.39%	+0.23%

Volatility

AVXC vs. DEXC - Volatility Comparison

The current volatility for Avantis Emerging Markets ex-China Equity ETF (AVXC) is 13.12%, while Dimensional Emerging Markets ex China Core Equity ETF (DEXC) has a volatility of 13.89%. This indicates that AVXC experiences smaller price fluctuations and is considered to be less risky than DEXC based on this measure. 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	13.12%	13.89%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	21.15%	22.10%	-0.95%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	23.74%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	21.74%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	21.74%	-1.91%

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 2.06%, more than DEXC's 1.97% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	2.06%	1.97%	1.34%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.97%	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 (13.89%) compared to AVXC (13.12%). In terms of maximum drawdown, AVXC dropped -20.44% vs DEXC's -15.07%.

Which ETF is better, AVXC or DEXC?

On 1-year performance, AVXC leads with 56.20% vs 55.75% for DEXC. On fees, AVXC is cheaper at 0.33% per year. On volatility, AVXC has been the lower-risk option at 13.12%. 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 56.20% return vs 55.75%. 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 2.06%, compared with 1.97% for DEXC.

What is the main difference between AVXC and DEXC?

They also come from different issuers: Avantis and Dimensional Fund Advisors. 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 (2.45 vs 2.36), 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.