AVXC vs. IEAA.L
AVXC (Avantis Emerging Markets ex-China Equity ETF) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - AVXC is a Emerging Markets Diversified fund actively managed by Avantis, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. AVXC is actively managed, while IEAA.L is passively managed. Over the past year, AVXC returned 50.65% vs 3.33% for IEAA.L. At a 0.40 correlation, their price movements are largely independent. AVXC charges 0.33%/yr vs 0.20%/yr for IEAA.L.
Performance
AVXC vs. IEAA.L - Performance Comparison
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Different Trading Currencies
AVXC is traded in USD, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVXC achieves a 26.81% return, which is significantly higher than IEAA.L's -1.46% return.
AVXC
- 1D
- 1.86%
- 1M
- -2.00%
- YTD
- 26.81%
- 6M
- 30.76%
- 1Y
- 50.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEAA.L
- 1D
- 0.08%
- 1M
- -1.97%
- YTD
- -1.46%
- 6M
- -0.16%
- 1Y
- 3.33%
- 3Y*
- 7.01%
- 5Y*
- -1.06%
- 10Y*
- —
AVXC vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVXC Avantis Emerging Markets ex-China Equity ETF | 26.81% | 31.45% | -0.80% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -1.46% | 16.92% | -0.24% |
Correlation
The correlation between AVXC and IEAA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024 | 0.40 |
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Return for Risk
AVXC vs. IEAA.L — Risk / Return Rank
AVXC
IEAA.L
AVXC vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L). 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 | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.08 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 0.51 | +3.12 |
| Martin ratioReturn relative to average drawdown | 14.38 | 1.38 | +13.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVXC | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 0.43 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.05 | +1.30 |
Drawdowns
AVXC vs. IEAA.L - Drawdown Comparison
The maximum AVXC drawdown since its inception was -20.44%, smaller than the maximum IEAA.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for AVXC and IEAA.L.
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Drawdown Indicators
| AVXC | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -34.71% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -6.58% | -7.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -6.77% | -6.91% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -11.52% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.42% | +1.11% |
Volatility
AVXC vs. IEAA.L - Volatility Comparison
Avantis Emerging Markets ex-China Equity ETF (AVXC) has a higher volatility of 11.07% compared to iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) at 2.35%. This indicates that AVXC's price experiences larger fluctuations and is considered to be riskier than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVXC | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 2.35% | +8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 5.91% | +13.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 7.71% | +13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 9.36% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 8.80% | +10.23% |
AVXC vs. IEAA.L - Expense Ratio Comparison
AVXC has a 0.33% expense ratio, which is higher than IEAA.L's 0.20% expense ratio.
Dividends
AVXC vs. IEAA.L - Dividend Comparison
AVXC's dividend yield for the trailing twelve months is around 1.58%, while IEAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVXC Avantis Emerging Markets ex-China Equity ETF | 1.58% | 1.97% | 1.34% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVXC and IEAA.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAA.L is cheaper with a 0.20% expense ratio, compared with 0.33% for AVXC.
AVXC is categorized as Emerging Markets Diversified, while IEAA.L is European Corporate Bonds. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.33% for AVXC and 0.20% for IEAA.L.
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