DEXC vs. AVXC

Last updated Jun 4, 2026

DEXC (Dimensional Emerging Markets ex China Core Equity ETF) and AVXC (Avantis Emerging Markets ex-China Equity ETF) are both Emerging Markets Diversified funds. DEXC is actively managed, while AVXC is passively managed. Over the past year, DEXC returned 63.36% vs 62.37% for AVXC. With a 0.98 correlation, they move nearly in lockstep. DEXC charges 0.43%/yr vs 0.33%/yr for AVXC.

Performance

DEXC vs. AVXC - Performance Comparison

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

Returns By Period

In the year-to-date period, DEXC achieves a 37.31% return, which is significantly higher than AVXC's 34.06% return.

DEXC

• 1D: -0.88%
• 1M: 11.20%
• YTD: 37.31%
• 6M: 41.69%
• 1Y: 63.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVXC

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

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

DEXC vs. AVXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	37.31%	27.13%	-1.20%
AVXC Avantis Emerging Markets ex-China Equity ETF	34.06%	31.45%	-1.42%

Correlation

The correlation between DEXC and AVXC is 0.98 - 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	0.98
Correlation (All Time) Calculated using the full available price history since Nov 15, 2024	0.98

The correlation between DEXC and AVXC has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

DEXC vs. AVXC - Sectors Allocation Comparison

Sectors	DEXC	AVXC
Technology	42.7%	38.2%
Financial Services	13.6%	20.2%
Industrials	9.2%	10.0%
Basic Materials	7.5%	8.1%
Consumer Cyclical	5.6%	5.5%
Consumer Defensive	3.1%	2.9%
Communication Services	2.8%	3.7%
Energy	2.7%	4.9%
Healthcare	2.6%	2.3%
Utilities	1.9%	2.8%
Real Estate	1.3%	1.5%

Return for Risk

DEXC vs. AVXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEXC

DEXC Risk / Return Rank: 89
DEXC Sharpe Ratio Rank: 90
DEXC Sortino Ratio Rank: 88
DEXC Omega Ratio Rank: 89
DEXC Calmar Ratio Rank: 87
DEXC Martin Ratio Rank: 89

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

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.

DEXC vs. AVXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets ex China Core Equity ETF (DEXC) and Avantis Emerging Markets ex-China Equity ETF (AVXC). 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.

	DEXC	AVXC	Difference
Sharpe ratio: Return per unit of total volatility	3.12	3.12	-0.01
Sortino ratio: Return per unit of downside risk	3.99	4.00	-0.01
Omega ratio: Gain probability vs. loss probability	1.57	1.56	+0.01
Calmar ratio: Return relative to maximum drawdown	4.95	4.47	+0.48
Martin ratio: Return relative to average drawdown	19.75	18.06	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEXC vs. AVXC - Sharpe Ratio Comparison

The current DEXC Sharpe Ratio is 3.12, which is comparable to the AVXC Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of DEXC and AVXC, 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

	DEXC	AVXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	3.12	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	1.58	+0.59

Drawdowns

DEXC vs. AVXC - Drawdown Comparison

The maximum DEXC drawdown since its inception was -15.07%, smaller than the maximum AVXC drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for DEXC and AVXC.

Drawdown Indicators

	DEXC	AVXC	Difference
Max Drawdown Largest peak-to-trough decline	-15.07%	-20.44%	+5.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-14.04%	+1.18%
Current Drawdown Current decline from peak	-0.88%	-1.44%	+0.56%
Average Drawdown Average peak-to-trough decline	-2.41%	-3.79%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.46%	-0.24%

Volatility

DEXC vs. AVXC - Volatility Comparison

Dimensional Emerging Markets ex China Core Equity ETF (DEXC) has a higher volatility of 9.61% compared to Avantis Emerging Markets ex-China Equity ETF (AVXC) at 9.00%. This indicates that DEXC's price experiences larger fluctuations and is considered to be riskier than AVXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEXC	AVXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.61%	9.00%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	17.67%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	20.07%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	18.47%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	18.47%	+1.26%

DEXC vs. AVXC - Expense Ratio Comparison

DEXC has a 0.43% expense ratio, which is higher than AVXC's 0.33% expense ratio.

Dividends

DEXC vs. AVXC - Dividend Comparison

DEXC's dividend yield for the trailing twelve months is around 1.45%, less than AVXC's 1.49% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	1.49%	1.97%	1.34%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.45%	1.97%	0.19%

Frequently Asked Questions

Can I hold both DEXC and AVXC in my portfolio?

With a correlation of 0.98, DEXC and AVXC 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, DEXC or AVXC?

DEXC has higher volatility (9.61%) compared to AVXC (9.00%). In terms of maximum drawdown, DEXC dropped -15.07% vs AVXC's -20.44%.

Which ETF is better, DEXC or AVXC?

On 1-year performance, DEXC leads with 63.36% vs 62.37% for AVXC. On fees, AVXC is cheaper at 0.33% 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, DEXC or AVXC?

Over the 1-year period, DEXC has performed better with a 63.36% return vs 62.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEXC or AVXC?

AVXC is cheaper with a 0.33% expense ratio, compared with 0.43% for DEXC.

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

AVXC has the higher dividend yield at 1.49%, compared with 1.45% for DEXC.

What is the main difference between DEXC and AVXC?

They also come from different issuers: Dimensional Fund Advisors and Avantis Investors. Their fees differ too: 0.43% for DEXC and 0.33% for AVXC.

Which has better risk-adjusted returns?

AVXC currently has the higher Sharpe Ratio (3.12 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.