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EEMO vs. AVEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEMO vs. AVEM

Last updated Aug 2, 2026
Documentation

EEMO (Invesco S&P Emerging Markets Momentum ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. EEMO is passively managed, while AVEM is actively managed. Over the past 5 years, EEMO returned 4.39%/yr vs 9.32%/yr for AVEM. Their correlation of 0.85 means they have usually moved in the same direction. EEMO charges 0.31%/yr vs 0.33%/yr for AVEM.

Performance

EEMO vs. AVEM - 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 Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EEMO achieves a 13.88% return, which is significantly lower than AVEM's 16.96% return.

EEMO

1D
-0.40%
1M
-11.19%
6M
8.68%
YTD
13.88%
1Y
20.52%
3Y*
13.43%
5Y*
4.39%
10Y*
6.35%
ALL TIME*
1.62%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AVEM

Avantis Emerging Markets Equity ETF
$186.43M$193.15M$184.15M

EEMO

Invesco S&P Emerging Markets Momentum ETF
$285.36K$494.03K$516.10K

EEMO vs. AVEM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EEMO
Invesco S&P Emerging Markets Momentum ETF		13.88%10.99%9.88%13.90%-18.73%-5.57%9.66%9.68%
AVEM
Avantis Emerging Markets Equity ETF		16.96%34.48%7.49%15.30%-18.15%5.16%14.39%10.40%

Correlation

The correlation between EEMO and AVEM is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.90

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2019

0.85

The correlation between EEMO and AVEM has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

EEMO vs. AVEM - Sectors Allocation Comparison

Sectors
EEMO
AVEM

Technology

56.8%
41.9%

Financial Services

15.0%
18.9%

Basic Materials

9.6%
6.4%

Industrials

8.2%
7.9%

Consumer Cyclical

2.6%
7.3%

Healthcare

2.2%
2.6%

Energy

1.7%
3.9%

Utilities

1.4%
2.2%

Communication Services

1.3%
4.9%

Consumer Defensive

0.9%
2.7%

Real Estate

0.3%
1.4%

Technology

EEMO
56.8%
AVEM
41.9%

Financial Services

EEMO
15.0%
AVEM
18.9%

Basic Materials

EEMO
9.6%
AVEM
6.4%

Industrials

EEMO
8.2%
AVEM
7.9%

Consumer Cyclical

EEMO
2.6%
AVEM
7.3%

Healthcare

EEMO
2.2%
AVEM
2.6%

Energy

EEMO
1.7%
AVEM
3.9%

Utilities

EEMO
1.4%
AVEM
2.2%

Communication Services

EEMO
1.3%
AVEM
4.9%

Consumer Defensive

EEMO
0.9%
AVEM
2.7%

Real Estate

EEMO
0.3%
AVEM
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Emerging Markets Momentum ETF

Avantis Emerging Markets Equity ETF

Often compared with EEMO:
EEMO vs. IDMOEEMO vs. EEMEEMO vs. PIEEEMO vs. VWOEEMO vs. SPMOEEMO vs. PXHEEMO vs. EEMS
Often compared with AVEM:
AVEM vs. AVESAVEM vs. VWOAVEM vs. EIMI.LAVEM vs. AVDEAVEM vs. VXUSAVEM vs. DFAEAVEM vs. FNDE

Return for Risk

EEMO vs. AVEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EEMO
EEMO Risk / Return Rank: 2727
Overall Rank
EEMO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
EEMO Sortino Ratio Rank: 2626
Sortino Ratio Rank
EEMO Omega Ratio Rank: 3030
Omega Ratio Rank
EEMO Calmar Ratio Rank: 2424
Calmar Ratio Rank
EEMO Martin Ratio Rank: 3232
Martin Ratio Rank
AVEM
AVEM Risk / Return Rank: 6060
Overall Rank
AVEM Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
AVEM Sortino Ratio Rank: 5454
Sortino Ratio Rank
AVEM Omega Ratio Rank: 6161
Omega Ratio Rank
AVEM Calmar Ratio Rank: 6666
Calmar Ratio Rank
AVEM Martin Ratio Rank: 6161
Martin Ratio Rank
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.

EEMO vs. AVEM - 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 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.

EEMOAVEMDifference
Sharpe ratioReturn per unit of total volatility
0.57
1.36

-0.79

Sortino ratioReturn per unit of downside risk
1.00
1.86

-0.87

Omega ratioGain probability vs. loss probability

1.15

1.26

-0.11

Calmar ratioReturn relative to maximum drawdown

0.72

2.27

-1.54

Martin ratioReturn relative to average drawdown

2.94

7.27

-4.32

EEMO vs. AVEM - Sharpe Ratio Comparison

The current EEMO Sharpe Ratio is 0.57, which is lower than the AVEM Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of EEMO 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.

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Drawdowns

EEMO vs. AVEM - Drawdown Comparison

The maximum EEMO drawdown since its inception was -48.47%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EEMO and AVEM.

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Drawdown Indicators

EEMOAVEMDifference

Max Drawdown

Largest peak-to-trough decline

-48.47%

-36.05%

-12.42%

Max Drawdown (1Y)

Largest decline over 1 year

-27.41%

-14.28%

-13.13%

Max Drawdown (3Y)

Largest decline over 3 years

-27.41%

-18.02%

-9.39%

Max Drawdown (5Y)

Largest decline over 5 years

-29.59%

-31.81%

+2.22%

Max Drawdown (10Y)

Largest decline over 10 years

-46.57%

—

—

Current Drawdown

Current decline from peak

-22.95%

-10.65%

-12.30%

Average Drawdown

Average peak-to-trough decline

-20.08%

-10.02%

-10.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.74%

4.45%

+2.29%

Volatility

EEMO vs. AVEM - Volatility Comparison

Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 16.65% compared to Avantis Emerging Markets Equity ETF (AVEM) at 8.84%. This indicates that EEMO'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

EEMOAVEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.65%

8.84%

+7.81%

Volatility (6M)

Calculated over the trailing 6-month period

33.96%

21.85%

+12.11%

Volatility (1Y)

Calculated over the trailing 1-year period

35.14%

23.91%

+11.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.09%

19.33%

+2.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.02%

21.07%

+1.95%

EEMO vs. AVEM - Expense Ratio Comparison

EEMO has a 0.31% expense ratio, which is lower than AVEM's 0.33% expense ratio.

Dividends

EEMO vs. AVEM - Dividend Comparison

EEMO's dividend yield for the trailing twelve months is around 1.99%, more than AVEM's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
AVEM
Avantis Emerging Markets Equity ETF		1.96%2.45%3.17%3.06%2.77%2.61%1.60%0.35%0.00%0.00%0.00%0.00%
EEMO
Invesco S&P Emerging Markets Momentum ETF		1.99%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

With a correlation of 0.90, EEMO 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.

EEMO has higher volatility (16.65%) compared to AVEM (8.84%). In terms of maximum drawdown, EEMO dropped -48.47% vs AVEM's -36.05%.

On 5-year performance, AVEM leads with 9.32% vs 4.39% for EEMO. On fees, EEMO is cheaper at 0.31% 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.

Over the 5-year period, AVEM has performed better with a 9.32% return vs 4.39%. 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 0.33% for AVEM.

EEMO has the higher dividend yield at 1.99%, compared with 1.96% for AVEM.

EEMO is categorized as Momentum, while AVEM is Emerging Markets Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.31% for EEMO and 0.33% for AVEM.

AVEM currently has the higher Sharpe Ratio (1.36 vs 0.57), 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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