EEMV vs. AVEM

Last updated Jun 4, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while AVEM is a Foreign Large Cap Equities fund tracking the MSCI Emerging Markets Index. Both are passively managed. Over the past 5 years, EEMV returned 5.59%/yr vs 9.92%/yr for AVEM. Their correlation of 0.92 suggests significant overlap in exposure. EEMV charges 0.25%/yr vs 0.33%/yr for AVEM.

Performance

EEMV vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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, EEMV achieves a 17.74% return, which is significantly lower than AVEM's 27.59% return.

EEMV

• 1D: -1.04%
• 1M: 7.00%
• YTD: 17.74%
• 6M: 18.90%
• 1Y: 26.57%
• 3Y*: 14.14%
• 5Y*: 5.59%
• 10Y*: 6.68%

AVEM

• 1D: -1.39%
• 1M: 8.65%
• YTD: 27.59%
• 6M: 29.75%
• 1Y: 55.00%
• 3Y*: 26.07%
• 5Y*: 9.92%
• 10Y*: —

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

EEMV vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	17.74%	13.45%	7.98%	7.75%	-13.94%	5.05%	6.90%	3.37%
AVEM Avantis Emerging Markets Equity ETF	27.59%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	11.13%

Correlation

The correlation between EEMV and AVEM is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019	0.92

The correlation between EEMV and AVEM has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

EEMV vs. AVEM - Sectors Allocation Comparison

Sectors	EEMV	AVEM
Technology	28.9%	32.3%
Financial Services	17.7%	20.7%
Communication Services	11.2%	5.4%
Consumer Defensive	6.8%	3.1%
Industrials	6.7%	9.2%
Healthcare	6.2%	2.8%
Consumer Cyclical	5.0%	9.2%
Utilities	4.6%	2.6%
Energy	3.4%	5.1%
Basic Materials	3.1%	8.1%
Real Estate	0.5%	1.6%

Return for Risk

EEMV vs. AVEM — Risk / Return Rank

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

EEMV

EEMV Risk / Return Rank: 61
EEMV Sharpe Ratio Rank: 59
EEMV Sortino Ratio Rank: 60
EEMV Omega Ratio Rank: 66
EEMV Calmar Ratio Rank: 58
EEMV Martin Ratio Rank: 60

AVEM

AVEM Risk / Return Rank: 82
AVEM Sharpe Ratio Rank: 85
AVEM Sortino Ratio Rank: 80
AVEM Omega Ratio Rank: 83
AVEM Calmar Ratio Rank: 80
AVEM Martin Ratio Rank: 82

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.

EEMV vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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.

	EEMV	AVEM	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.84	-0.80
Sortino ratio Return per unit of downside risk	2.89	3.65	-0.76
Omega ratio Gain probability vs. loss probability	1.40	1.51	-0.11
Calmar ratio Return relative to maximum drawdown	2.89	4.21	-1.32
Martin ratio Return relative to average drawdown	10.79	16.70	-5.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEMV vs. AVEM - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 2.04, which is comparable to the AVEM Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of EEMV 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.

Sharpe Ratios by Period

	EEMV	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.84	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.54	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.66	-0.26

Drawdowns

EEMV vs. AVEM - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EEMV and AVEM.

Drawdown Indicators

	EEMV	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-31.56%	-36.05%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-13.13%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.47%	-18.02%	+5.55%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-34.00%	+12.10%
Max Drawdown (10Y) Largest decline over 10 years	-31.56%	—	—
Current Drawdown Current decline from peak	-1.08%	-1.39%	+0.31%
Average Drawdown Average peak-to-trough decline	-7.97%	-10.09%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	3.30%	-0.83%

Volatility

EEMV vs. AVEM - Volatility Comparison

The current volatility for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is 5.78%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 8.33%. This indicates that EEMV experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMV	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	8.33%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	16.72%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	19.45%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	18.34%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	20.55%	-6.69%

EEMV vs. AVEM - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is lower than AVEM's 0.33% expense ratio.

Dividends

EEMV vs. AVEM - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 2.25%, more than AVEM's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEM Avantis Emerging Markets Equity ETF	1.98%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	2.25%	2.65%	3.50%	2.75%	1.93%	2.14%	2.45%	2.63%	2.46%	2.34%	2.79%	2.55%

Frequently Asked Questions

Can I hold both EEMV and AVEM in my portfolio?

With a correlation of 0.92, EEMV 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, EEMV or AVEM?

AVEM has higher volatility (8.33%) compared to EEMV (5.78%). In terms of maximum drawdown, EEMV dropped -31.56% vs AVEM's -36.05%.

Which ETF is better, EEMV or AVEM?

On 5-year performance, AVEM leads with 9.92% vs 5.59% for EEMV. On fees, EEMV is cheaper at 0.25% per year. On volatility, EEMV has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMV or AVEM?

Over the 5-year period, AVEM has performed better with a 9.92% return vs 5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMV or AVEM?

EEMV is cheaper with a 0.25% expense ratio, compared with 0.33% for AVEM.

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

EEMV has the higher dividend yield at 2.25%, compared with 1.98% for AVEM.

What is the main difference between EEMV and AVEM?

EEMV is categorized as Asia Pacific Equities, while AVEM is Foreign Large Cap Equities. EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while AVEM tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and American Century. Their fees differ too: 0.25% for EEMV and 0.33% for AVEM.

Which has better risk-adjusted returns?

AVEM currently has the higher Sharpe Ratio (2.84 vs 2.04), 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.