EEMO vs. AVEE
EEMO (Invesco S&P Emerging Markets Momentum ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both exchange-traded funds - EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index, while AVEE is a Emerging Markets Diversified fund actively managed by Avantis. EEMO is passively managed, while AVEE is actively managed. Over the past year, EEMO returned 49.68% vs 17.50% for AVEE. A 0.75 correlation means they provide meaningful diversification when combined. EEMO charges 0.31%/yr vs 0.42%/yr for AVEE.
Performance
EEMO vs. AVEE - Performance Comparison
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Returns By Period
In the year-to-date period, EEMO achieves a 41.14% return, which is significantly higher than AVEE's 10.25% return.
EEMO
- 1D
- 3.82%
- 1M
- 3.90%
- YTD
- 41.14%
- 6M
- 40.15%
- 1Y
- 49.68%
- 3Y*
- 24.60%
- 5Y*
- 6.84%
- 10Y*
- 9.15%
AVEE
- 1D
- -0.55%
- 1M
- -5.26%
- YTD
- 10.25%
- 6M
- 10.06%
- 1Y
- 17.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMO vs. AVEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 41.14% | 10.99% | 9.88% | 9.73% |
AVEE Avantis Emerging Markets Small Cap Equity ETF | 10.25% | 19.80% | 2.91% | 6.15% |
Correlation
The correlation between EEMO and AVEE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.75 |
The correlation between EEMO and AVEE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
EEMO vs. AVEE — Risk / Return Rank
EEMO
AVEE
EEMO vs. AVEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.
| EEMO | AVEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.65 | +1.73 |
| Martin ratioReturn relative to average drawdown | 12.20 | 5.07 | +7.13 |
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Drawdowns
EEMO vs. AVEE - Drawdown Comparison
The maximum EEMO drawdown since its inception was -48.47%, which is greater than AVEE's maximum drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for EEMO and AVEE.
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Drawdown Indicators
| EEMO | AVEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -20.21% | -28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -10.65% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.57% | — | — |
Current DrawdownCurrent decline from peak | -4.50% | -5.62% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -3.67% | -16.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 3.46% | +0.62% |
Volatility
EEMO vs. AVEE - Volatility Comparison
Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 19.67% compared to Avantis Emerging Markets Small Cap Equity ETF (AVEE) at 8.63%. This indicates that EEMO's price experiences larger fluctuations and is considered to be riskier than AVEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEMO | AVEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 8.63% | +11.04% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 16.09% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.38% | 18.16% | +12.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 17.19% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 17.19% | +5.17% |
EEMO vs. AVEE - Expense Ratio Comparison
EEMO has a 0.31% expense ratio, which is lower than AVEE's 0.42% expense ratio.
Dividends
EEMO vs. AVEE - Dividend Comparison
EEMO's dividend yield for the trailing twelve months is around 1.61%, less than AVEE's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEE Avantis Emerging Markets Small Cap Equity ETF | 2.25% | 2.25% | 3.26% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMO Invesco S&P Emerging Markets Momentum ETF | 1.61% | 2.31% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.10% | 5.13% | 1.55% | 2.92% |
Frequently Asked Questions
EEMO and AVEE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMO has higher volatility (19.67%) compared to AVEE (8.63%). In terms of maximum drawdown, EEMO dropped -48.47% vs AVEE's -20.21%.
On 1-year performance, EEMO leads with 49.68% vs 17.50% for AVEE. On fees, EEMO is cheaper at 0.31% per year. On volatility, AVEE has been the lower-risk option at 8.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EEMO has performed better with a 49.68% return vs 17.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEMO is cheaper with a 0.31% expense ratio, compared with 0.42% for AVEE.
AVEE has the higher dividend yield at 2.25%, compared with 1.61% for EEMO.
EEMO is categorized as Momentum, while AVEE is Emerging Markets Diversified. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.31% for EEMO and 0.42% for AVEE.
EEMO currently has the higher Sharpe Ratio (1.64 vs 0.97), 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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