DEHP vs. AVEM
DEHP (Dimensional Emerging Markets High Profitability ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - DEHP is a Emerging Markets Diversified fund actively managed by Dimensional, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. Both are actively managed. Over the past 3 years, DEHP returned 23.77%/yr vs 24.70%/yr for AVEM. With a 0.97 correlation, they move nearly in lockstep. DEHP charges 0.41%/yr vs 0.33%/yr for AVEM.
Performance
DEHP vs. AVEM - Performance Comparison
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Returns By Period
In the year-to-date period, DEHP achieves a 29.64% return, which is significantly higher than AVEM's 23.75% return.
DEHP
- 1D
- -7.10%
- 1M
- 2.07%
- YTD
- 29.64%
- 6M
- 30.69%
- 1Y
- 55.70%
- 3Y*
- 23.77%
- 5Y*
- —
- 10Y*
- —
AVEM
- 1D
- -5.47%
- 1M
- 2.36%
- YTD
- 23.75%
- 6M
- 24.18%
- 1Y
- 46.12%
- 3Y*
- 24.70%
- 5Y*
- 9.50%
- 10Y*
- —
DEHP vs. AVEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 29.64% | 32.86% | 4.47% | 12.31% | -9.73% |
AVEM Avantis Emerging Markets Equity ETF | 23.75% | 34.48% | 7.49% | 15.30% | -5.25% |
Correlation
The correlation between DEHP and AVEM is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.97 |
The correlation between DEHP and AVEM has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
DEHP vs. AVEM — Risk / Return Rank
DEHP
AVEM
DEHP vs. AVEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and Avantis Emerging Markets Equity ETF (AVEM). 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.
| DEHP | AVEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.53 | +0.72 |
| Martin ratioReturn relative to average drawdown | 15.97 | 13.36 | +2.62 |
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Drawdowns
DEHP vs. AVEM - Drawdown Comparison
The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for DEHP and AVEM.
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Drawdown Indicators
| DEHP | AVEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -36.05% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -13.13% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.02% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.88% | — |
Current DrawdownCurrent decline from peak | -7.10% | -5.47% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -10.04% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.46% | +0.04% |
Volatility
DEHP vs. AVEM - Volatility Comparison
Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 15.13% compared to Avantis Emerging Markets Equity ETF (AVEM) at 12.55%. This indicates that DEHP's price experiences larger fluctuations and is considered to be riskier than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEHP | AVEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.13% | 12.55% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 22.85% | 20.07% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.71% | 22.23% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 18.99% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 20.91% | -1.30% |
DEHP vs. AVEM - Expense Ratio Comparison
DEHP has a 0.41% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Dividends
DEHP vs. AVEM - Dividend Comparison
DEHP's dividend yield for the trailing twelve months is around 1.38%, less than AVEM's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.62% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
DEHP Dimensional Emerging Markets High Profitability ETF | 1.38% | 1.73% | 2.44% | 2.84% | 1.65% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, DEHP and AVEM 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.
DEHP has higher volatility (15.13%) compared to AVEM (12.55%). In terms of maximum drawdown, DEHP dropped -22.90% vs AVEM's -36.05%.
On 3-year performance, AVEM leads with 24.70% vs 23.77% for DEHP. On fees, AVEM is cheaper at 0.33% per year. On volatility, AVEM has been the lower-risk option at 12.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVEM has performed better with a 24.70% return vs 23.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVEM is cheaper with a 0.33% expense ratio, compared with 0.41% for DEHP.
AVEM has the higher dividend yield at 2.62%, compared with 1.38% for DEHP.
DEHP is categorized as Emerging Markets Diversified, while AVEM is Emerging Markets Equities. They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.41% for DEHP and 0.33% for AVEM.
DEHP currently has the higher Sharpe Ratio (2.27 vs 2.09), 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.
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