EEMO vs. AVEE

Last updated Jun 5, 2026

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 51.13% vs 25.84% for AVEE. A 0.76 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Momentum ETF (EEMO) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEMO achieves a 36.85% return, which is significantly higher than AVEE's 14.52% return.

EEMO

• 1D: -2.42%
• 1M: 10.83%
• YTD: 36.85%
• 6M: 37.37%
• 1Y: 51.13%
• 3Y*: 24.00%
• 5Y*: 6.67%
• 10Y*: 8.50%

AVEE

• 1D: 0.61%
• 1M: -0.58%
• YTD: 14.52%
• 6M: 15.13%
• 1Y: 25.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EEMO vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EEMO Invesco S&P Emerging Markets Momentum ETF	36.85%	10.99%	9.88%	10.11%
AVEE Avantis Emerging Markets Small Cap Equity ETF	14.52%	19.80%	2.91%	7.28%

Correlation

The correlation between EEMO and AVEE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.76

The correlation between EEMO and AVEE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

EEMO vs. AVEE - Sectors Allocation Comparison

Sectors	EEMO	AVEE
Technology	43.8%	22.5%
Financial Services	18.0%	9.3%
Basic Materials	12.9%	9.5%
Industrials	11.5%	18.2%
Consumer Cyclical	3.2%	11.3%
Healthcare	3.0%	6.9%
Energy	2.5%	2.2%
Utilities	2.0%	2.9%
Communication Services	1.5%	2.8%
Consumer Defensive	1.2%	5.4%
Real Estate	0.5%	4.2%

Return for Risk

EEMO vs. AVEE — Risk / Return Rank

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

EEMO

EEMO Risk / Return Rank: 69
EEMO Sharpe Ratio Rank: 64
EEMO Sortino Ratio Rank: 65
EEMO Omega Ratio Rank: 71
EEMO Calmar Ratio Rank: 71
EEMO Martin Ratio Rank: 75

AVEE

AVEE Risk / Return Rank: 46
AVEE Sharpe Ratio Rank: 46
AVEE Sortino Ratio Rank: 44
AVEE Omega Ratio Rank: 45
AVEE Calmar Ratio Rank: 50
AVEE Martin Ratio Rank: 48

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.

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.

	EEMO	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.55	+0.54
Sortino ratio: Return per unit of downside risk	2.97	2.16	+0.81
Omega ratio: Gain probability vs. loss probability	1.42	1.28	+0.13
Calmar ratio: Return relative to maximum drawdown	3.48	2.44	+1.05
Martin ratio: Return relative to average drawdown	13.93	7.81	+6.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEMO vs. AVEE - Sharpe Ratio Comparison

The current EEMO Sharpe Ratio is 2.09, which is higher than the AVEE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of EEMO and AVEE, 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

	EEMO	AVEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.55	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	1.07	-0.94

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.

Drawdown Indicators

	EEMO	AVEE	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-3.71%	-1.97%	-1.74%
Average Drawdown Average peak-to-trough decline	-20.17%	-3.67%	-16.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	3.32%	+0.36%

Volatility

EEMO vs. AVEE - Volatility Comparison

Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 14.18% compared to Avantis Emerging Markets Small Cap Equity ETF (AVEE) at 6.43%. 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.

Volatility by Period

	EEMO	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.18%	6.43%	+7.75%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	13.99%	+8.27%
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	16.75%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	16.61%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	16.61%	+4.98%

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 1.68%, less than AVEE's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.02%	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	1.68%	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

Can I hold both EEMO and AVEE in my portfolio?

EEMO and AVEE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMO or AVEE?

EEMO has higher volatility (14.18%) compared to AVEE (6.43%). In terms of maximum drawdown, EEMO dropped -48.47% vs AVEE's -20.21%.

Which ETF is better, EEMO or AVEE?

On 1-year performance, EEMO leads with 51.13% vs 25.84% for AVEE. On fees, EEMO is cheaper at 0.31% per year. On volatility, AVEE has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMO or AVEE?

Over the 1-year period, EEMO has performed better with a 51.13% return vs 25.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMO or AVEE?

EEMO is cheaper with a 0.31% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, EEMO or AVEE?

AVEE has the higher dividend yield at 2.02%, compared with 1.68% for EEMO.

What is the main difference between EEMO and AVEE?

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.

Which has better risk-adjusted returns?

EEMO currently has the higher Sharpe Ratio (2.09 vs 1.55), 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.