EEMO vs. AVEM

Last updated Jun 24, 2026

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 6.20%/yr vs 9.50%/yr for AVEM. Their correlation of 0.85 suggests significant overlap in exposure. 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.

Returns By Period

In the year-to-date period, EEMO achieves a 35.52% return, which is significantly higher than AVEM's 23.75% return.

EEMO

• 1D: -8.31%
• 1M: 6.72%
• YTD: 35.52%
• 6M: 35.05%
• 1Y: 47.55%
• 3Y*: 23.13%
• 5Y*: 6.20%
• 10Y*: 8.71%

AVEM

• 1D: -5.47%
• 1M: 2.36%
• YTD: 23.75%
• 6M: 24.18%
• 1Y: 46.12%
• 3Y*: 24.70%
• 5Y*: 9.50%
• 10Y*: —

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

EEMO vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EEMO Invesco S&P Emerging Markets Momentum ETF	35.52%	10.99%	9.88%	13.90%	-18.73%	-5.57%	9.66%	9.68%
AVEM Avantis Emerging Markets Equity ETF	23.75%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	10.40%

Correlation

The correlation between EEMO and AVEM is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year 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	53.0%	39.5%
Financial Services	15.4%	18.6%
Basic Materials	9.9%	7.3%
Industrials	7.5%	8.1%
Consumer Cyclical	2.8%	8.2%
Healthcare	2.3%	2.5%
Communication Services	1.2%	4.9%
Utilities	1.0%	2.3%
Energy	0.8%	4.3%
Consumer Defensive	0.6%	2.8%
Real Estate	0.3%	1.5%

Return for Risk

EEMO vs. AVEM — Risk / Return Rank

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

EEMO

EEMO Risk / Return Rank: 58
EEMO Sharpe Ratio Rank: 48
EEMO Sortino Ratio Rank: 46
EEMO Omega Ratio Rank: 60
EEMO Calmar Ratio Rank: 68
EEMO Martin Ratio Rank: 68

AVEM

AVEM Risk / Return Rank: 68
AVEM Sharpe Ratio Rank: 66
AVEM Sortino Ratio Rank: 58
AVEM Omega Ratio Rank: 70
AVEM Calmar Ratio Rank: 72
AVEM Martin Ratio Rank: 73

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. 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.

	EEMO	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.09	-0.51
Sortino ratio: Return per unit of downside risk	2.17	2.66	-0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	3.24	3.53	-0.29
Martin ratio: Return relative to average drawdown	11.80	13.36	-1.56

EEMO vs. AVEM - Sharpe Ratio Comparison

The current EEMO Sharpe Ratio is 1.58, which is comparable to the AVEM Sharpe Ratio of 2.09. 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.

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.

Drawdown Indicators

	EEMO	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-48.47%	-36.05%	-12.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-13.13%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-26.06%	-18.02%	-8.04%
Max Drawdown (5Y) Largest decline over 5 years	-34.03%	-33.88%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-46.57%	—	—
Current Drawdown Current decline from peak	-8.31%	-5.47%	-2.84%
Average Drawdown Average peak-to-trough decline	-20.11%	-10.04%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	3.46%	+0.58%

Volatility

EEMO vs. AVEM - Volatility Comparison

Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 20.47% compared to Avantis Emerging Markets Equity ETF (AVEM) at 12.55%. 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.

Volatility by Period

	EEMO	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.47%	12.55%	+7.92%
Volatility (6M) Calculated over the trailing 6-month period	28.78%	20.07%	+8.71%
Volatility (1Y) Calculated over the trailing 1-year period	30.30%	22.23%	+8.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	18.99%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	20.91%	+1.42%

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 1.67%, less than AVEM's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEM Avantis Emerging Markets Equity ETF	2.62%	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	1.67%	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 AVEM in my portfolio?

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.

Which is riskier, EEMO or AVEM?

EEMO has higher volatility (20.47%) compared to AVEM (12.55%). In terms of maximum drawdown, EEMO dropped -48.47% vs AVEM's -36.05%.

Which ETF is better, EEMO or AVEM?

On 5-year performance, AVEM leads with 9.50% vs 6.20% for EEMO. On fees, EEMO is cheaper at 0.31% per year. On volatility, AVEM has been the lower-risk option at 12.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMO or AVEM?

Over the 5-year period, AVEM has performed better with a 9.50% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMO or AVEM?

EEMO is cheaper with a 0.31% expense ratio, compared with 0.33% for AVEM.

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

AVEM has the higher dividend yield at 2.62%, compared with 1.67% for EEMO.

What is the main difference between EEMO and 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.

Which has better risk-adjusted returns?

AVEM currently has the higher Sharpe Ratio (2.09 vs 1.58), 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.