DEHP vs. AVEM

Last updated Aug 2, 2026

DEHP (Dimensional Emerging Markets High Profitability ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past 3 years, DEHP returned 19.29%/yr vs 19.94%/yr for AVEM. Their 0.97 correlation means they have historically moved very closely together. DEHP charges 0.41%/yr vs 0.33%/yr for AVEM.

Performance

DEHP vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) and Avantis Emerging Markets Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEHP achieves a 21.21% return, which is significantly higher than AVEM's 16.96% return.

DEHP

• 1D: 0.62%
• 1M: -5.17%
• 6M: 11.94%
• YTD: 21.21%
• 1Y: 40.81%
• 3Y*: 19.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.35%

AVEM

• 1D: 0.10%
• 1M: -3.17%
• 6M: 8.33%
• YTD: 16.96%
• 1Y: 33.47%
• 3Y*: 19.94%
• 5Y*: 9.32%
• 10Y*: —
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVEM Avantis Emerging Markets Equity ETF	$186.43M	$193.15M	$184.15M
DEHP Dimensional Emerging Markets High Profitability ETF	$1.33M	$1.77M	$1.71M

DEHP vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	21.21%	32.86%	4.47%	12.31%	-9.73%
AVEM Avantis Emerging Markets Equity ETF	16.96%	34.48%	7.49%	15.30%	-5.25%

Correlation

The correlation between DEHP and AVEM is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	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.

DEHP vs. AVEM - Sectors Allocation Comparison

Sectors	DEHP	AVEM
Technology	50.8%	41.9%
Communication Services	10.3%	4.9%
Industrials	9.6%	7.9%
Consumer Cyclical	7.2%	7.3%
Basic Materials	6.1%	6.4%
Financial Services	5.5%	18.9%
Consumer Defensive	3.6%	2.7%
Energy	3.6%	3.9%
Healthcare	2.4%	2.6%
Utilities	0.5%	2.2%
Real Estate	0.3%	1.4%

Return for Risk

DEHP vs. AVEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DEHP

DEHP Risk / Return Rank: 65
DEHP Sharpe Ratio Rank: 65
DEHP Sortino Ratio Rank: 60
DEHP Omega Ratio Rank: 67
DEHP Calmar Ratio Rank: 67
DEHP Martin Ratio Rank: 68

AVEM

AVEM Risk / Return Rank: 60
AVEM Sharpe Ratio Rank: 57
AVEM Sortino Ratio Rank: 54
AVEM Omega Ratio Rank: 61
AVEM Calmar Ratio Rank: 66
AVEM Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	1.50	1.36	+0.15
Sortino ratio: Return per unit of downside risk	2.03	1.86	+0.17
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.33	2.27	+0.06
Martin ratio: Return relative to average drawdown	8.29	7.27	+1.03

DEHP vs. AVEM - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 1.50, which is comparable to the AVEM Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of DEHP and AVEM, 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

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.

Drawdown Indicators

	DEHP	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-36.05%	+13.15%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-14.28%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-18.02%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.81%	—
Current Drawdown Current decline from peak	-13.14%	-10.65%	-2.49%
Average Drawdown Average peak-to-trough decline	-5.83%	-10.02%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	4.45%	+0.39%

Volatility

DEHP vs. AVEM - Volatility Comparison

Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 10.35% compared to Avantis Emerging Markets Equity ETF (AVEM) at 8.84%. 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.

Volatility by Period

	DEHP	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	8.84%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	24.84%	21.85%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	26.76%	23.91%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	19.33%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	21.07%	-1.01%

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 1.44%, less than AVEM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	1.96%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
DEHP Dimensional Emerging Markets High Profitability ETF	1.44%	1.73%	2.44%	2.84%	1.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEHP and AVEM in my portfolio?

With a correlation of 0.97, 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.

Which is riskier, DEHP or AVEM?

DEHP has higher volatility (10.35%) compared to AVEM (8.84%). In terms of maximum drawdown, DEHP dropped -22.90% vs AVEM's -36.05%.

Which ETF is better, DEHP or AVEM?

On 3-year performance, AVEM leads with 19.94% vs 19.29% for DEHP. On fees, AVEM is cheaper at 0.33% per year. On volatility, AVEM has been the lower-risk option at 8.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEHP or AVEM?

Over the 3-year period, AVEM has performed better with a 19.94% return vs 19.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEHP or AVEM?

AVEM is cheaper with a 0.33% expense ratio, compared with 0.41% for DEHP.

Which ETF pays a higher dividend yield, DEHP or AVEM?

AVEM has the higher dividend yield at 1.96%, compared with 1.44% for DEHP.

What is the main difference between DEHP and AVEM?

They also come from different issuers: Dimensional and Avantis. Their fees differ too: 0.41% for DEHP and 0.33% for AVEM.

Which has better risk-adjusted returns?

DEHP currently has the higher Sharpe Ratio (1.50 vs 1.36), 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.