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. It was launched on Sep 28, 2021.
Performance
EMGF vs. AVES - Performance Comparison
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EMGF vs. AVES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 4.46% | 31.41% | 9.06% | 10.86% | -16.55% | 0.91% |
AVES Avantis Emerging Markets Value ETF | 2.97% | 30.49% | 4.50% | 16.79% | -16.04% | 1.32% |
Returns By Period
In the year-to-date period, EMGF achieves a 4.46% return, which is significantly higher than AVES's 2.97% return.
EMGF
- 1D
- 3.78%
- 1M
- -9.16%
- YTD
- 4.46%
- 6M
- 8.38%
- 1Y
- 32.72%
- 3Y*
- 17.94%
- 5Y*
- 6.70%
- 10Y*
- 8.81%
AVES
- 1D
- 3.01%
- 1M
- -9.24%
- YTD
- 2.97%
- 6M
- 6.68%
- 1Y
- 31.64%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
EMGF vs. AVES — Risk / Return Rank
EMGF
AVES
EMGF vs. AVES - Risk-Adjusted Trends 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.
| EMGF | AVES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.76 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.32 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.40 | 0.00 |
Martin ratioReturn relative to average drawdown | 9.27 | 9.31 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMGF | AVES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.76 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
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.
Dividends
EMGF vs. AVES - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 2.41%, less than AVES's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 2.41% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
AVES Avantis Emerging Markets Value ETF | 3.19% | 3.17% | 4.09% | 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.
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Drawdown Indicators
| EMGF | AVES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -27.40% | -12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.90% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -10.27% | -10.28% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -7.91% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.33% | +0.17% |
Volatility
EMGF vs. AVES - Volatility Comparison
iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a higher volatility of 10.58% compared to Avantis Emerging Markets Value ETF (AVES) at 8.89%. This indicates that EMGF's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMGF | AVES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 8.89% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 12.90% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 18.09% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 16.73% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 16.73% | +2.50% |