EMGF vs. AVES
Compare and contrast key facts about iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and Avantis Emerging Markets Value ETF (AVES).
EMGF and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGF is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Diversified Multiple-Factor Index. It was launched on Dec 8, 2015. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMGF or AVES.
Key characteristics
| EMGF | AVES | |
|---|---|---|
| YTD Return | 14.10% | 10.47% |
| 1Y Return | 23.43% | 19.92% |
| 3Y Return (Ann) | 2.11% | 3.49% |
| Sharpe Ratio | 1.57 | 1.28 |
| Sortino Ratio | 2.25 | 1.82 |
| Omega Ratio | 1.28 | 1.23 |
| Calmar Ratio | 1.18 | 1.48 |
| Martin Ratio | 8.17 | 7.34 |
| Ulcer Index | 2.85% | 2.63% |
| Daily Std Dev | 14.83% | 15.09% |
| Max Drawdown | -40.23% | -27.40% |
| Current Drawdown | -5.82% | -5.28% |
Correlation
The correlation between EMGF and AVES is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMGF vs. AVES - Performance Comparison
In the year-to-date period, EMGF achieves a 14.10% return, which is significantly higher than AVES's 10.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMGF vs. AVES - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is higher than AVES's 0.36% expense ratio.
Risk-Adjusted Performance
EMGF vs. AVES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and Avantis Emerging Markets Value ETF (AVES). 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.
Dividends
EMGF vs. AVES - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 5.15%, more than AVES's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 5.15% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
AVES Avantis Emerging Markets Value ETF | 3.59% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMGF vs. AVES - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for EMGF and AVES. For additional features, visit the drawdowns tool.
Volatility
EMGF vs. AVES - Volatility Comparison
The current volatility for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) is 3.45%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 3.90%. This indicates that EMGF experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.