AVXC vs. STXE

Last updated Jun 4, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Diversified funds - AVXC tracks the MSCI Emerging Markets IMI while STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. Both are passively managed. Over the past year, AVXC returned 62.37% vs 84.40% for STXE. Their correlation of 0.93 suggests significant overlap in exposure. AVXC charges 0.33%/yr vs 0.32%/yr for STXE.

Performance

AVXC vs. STXE - Performance Comparison

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

Returns By Period

In the year-to-date period, AVXC achieves a 34.06% return, which is significantly lower than STXE's 47.29% return.

AVXC

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

STXE

• 1D: -1.00%
• 1M: 15.10%
• YTD: 47.29%
• 6M: 52.92%
• 1Y: 84.40%
• 3Y*: 29.77%
• 5Y*: —
• 10Y*: —

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

AVXC vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	34.06%	31.45%	-0.80%
STXE Strive Emerging Markets Ex-China ETF	47.29%	34.23%	-1.01%

Correlation

The correlation between AVXC and STXE is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.93

The correlation between AVXC and STXE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

AVXC vs. STXE - Sectors Allocation Comparison

Sectors	AVXC	STXE
Technology	38.2%	47.7%
Financial Services	20.2%	22.5%
Industrials	10.0%	5.9%
Basic Materials	8.1%	7.1%
Consumer Cyclical	5.5%	4.0%
Energy	4.9%	3.9%
Communication Services	3.7%	3.2%
Consumer Defensive	2.9%	2.2%
Utilities	2.8%	2.0%
Healthcare	2.3%	1.1%
Real Estate	1.5%	0.4%

Return for Risk

AVXC vs. STXE — 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

STXE

STXE Risk / Return Rank: 92
STXE Sharpe Ratio Rank: 94
STXE Sortino Ratio Rank: 92
STXE Omega Ratio Rank: 93
STXE Calmar Ratio Rank: 91
STXE 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. STXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) and Strive Emerging Markets Ex-China ETF (STXE). 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	STXE	Difference
Sharpe ratio: Return per unit of total volatility	3.12	3.70	-0.58
Sortino ratio: Return per unit of downside risk	4.00	4.47	-0.47
Omega ratio: Gain probability vs. loss probability	1.56	1.65	-0.09
Calmar ratio: Return relative to maximum drawdown	4.47	5.85	-1.38
Martin ratio: Return relative to average drawdown	18.06	23.95	-5.89
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. STXE - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 3.12, which is comparable to the STXE Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of AVXC and STXE, 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	STXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	3.70	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	1.57	+0.01

Drawdowns

AVXC vs. STXE - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, which is greater than STXE's maximum drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for AVXC and STXE.

Drawdown Indicators

	AVXC	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-18.92%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-14.51%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Current Drawdown Current decline from peak	-1.44%	-1.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-3.79%	-3.72%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.54%	-0.08%

Volatility

AVXC vs. STXE - Volatility Comparison

The current volatility for Avantis Emerging Markets ex-China Equity ETF (AVXC) is 9.00%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 10.53%. This indicates that AVXC experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVXC	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	10.53%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	20.81%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	22.95%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	17.68%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	17.68%	+0.79%

AVXC vs. STXE - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

AVXC vs. STXE - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 1.49%, less than STXE's 1.83% yield.

Position	TTM	2025	2024	2023
AVXC Avantis Emerging Markets ex-China Equity ETF	1.49%	1.97%	1.34%	0.00%
STXE Strive Emerging Markets Ex-China ETF	1.83%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both AVXC and STXE in my portfolio?

With a correlation of 0.94, AVXC and STXE 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 STXE?

STXE has higher volatility (10.53%) compared to AVXC (9.00%). In terms of maximum drawdown, AVXC dropped -20.44% vs STXE's -18.92%.

Which ETF is better, AVXC or STXE?

On 1-year performance, STXE leads with 84.40% vs 62.37% for AVXC. On fees, STXE is cheaper at 0.32% per year. On volatility, AVXC has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVXC or STXE?

Over the 1-year period, STXE has performed better with a 84.40% return vs 62.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVXC or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.33% for AVXC.

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

STXE has the higher dividend yield at 1.83%, compared with 1.49% for AVXC.

What is the main difference between AVXC and STXE?

AVXC tracks MSCI Emerging Markets IMI, while STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. They also come from different issuers: Avantis Investors and Strive. Their fees differ too: 0.33% for AVXC and 0.32% for STXE.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (3.70 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.