AVXC vs. VEXC

Last updated Jun 24, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both exchange-traded funds - AVXC is a Emerging Markets Diversified fund actively managed by Avantis, while VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index. AVXC is actively managed, while VEXC is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. AVXC charges 0.33%/yr vs 0.07%/yr for VEXC.

Performance

AVXC vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets ex-China Equity ETF (AVXC) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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 higher than VEXC's 20.67% return.

AVXC

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

VEXC

• 1D: -3.33%
• 1M: 3.67%
• YTD: 20.67%
• 6M: 21.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVXC vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
AVXC Avantis Emerging Markets ex-China Equity ETF	31.52%	6.95%
VEXC Vanguard Emerging Markets Ex-China ETF	20.67%	4.50%

Correlation

The correlation between AVXC and VEXC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.93

Return for Risk

AVXC vs. VEXC — 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

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.07	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.02	—	—
Martin ratio: Return relative to average drawdown	15.56	—	—

Drawdowns

AVXC vs. VEXC - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for AVXC and VEXC.

Drawdown Indicators

	AVXC	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-12.42%	-8.02%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	—	—
Current Drawdown Current decline from peak	-5.67%	-3.33%	-2.34%
Average Drawdown Average peak-to-trough decline	-3.79%	-2.23%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	—	—

Volatility

Volatility by Period

	AVXC	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	20.27%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	20.27%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	20.27%	-0.44%

AVXC vs. VEXC - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

AVXC vs. VEXC - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 2.06%, more than VEXC's 1.43% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	2.06%	1.97%	1.34%
VEXC Vanguard Emerging Markets Ex-China ETF	1.43%	0.43%	0.00%

Frequently Asked Questions

Can I hold both AVXC and VEXC in my portfolio?

With a correlation of 0.93, AVXC and VEXC 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 ETF is better, AVXC or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVXC or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.33% for AVXC.

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

AVXC has the higher dividend yield at 2.06%, compared with 1.43% for VEXC.

What is the main difference between AVXC and VEXC?

AVXC is categorized as Emerging Markets Diversified, while VEXC is Emerging Markets Equities. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.33% for AVXC and 0.07% for VEXC.