EMMF vs. AVES

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Emerging Markets Multifactor Fund (EMMF) and Avantis Emerging Markets Value ETF (AVES).

EMMF and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

EMMF vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Multifactor Fund (EMMF) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

EMMF vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EMMF WisdomTree Emerging Markets Multifactor Fund	5.23%	21.22%	9.45%	20.59%	-13.47%	-0.24%
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, EMMF achieves a 5.23% return, which is significantly higher than AVES's 2.97% return.

EMMF

• 1D: 3.29%
• 1M: -7.68%
• YTD: 5.23%
• 6M: 9.36%
• 1Y: 27.88%
• 3Y*: 17.64%
• 5Y*: 7.45%
• 10Y*: —

AVES

• 1D: 3.01%
• 1M: -9.24%
• YTD: 2.97%
• 6M: 6.68%
• 1Y: 31.64%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

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

EMMF vs. AVES - Expense Ratio Comparison

EMMF has a 0.48% expense ratio, which is higher than AVES's 0.36% expense ratio.

EMMF

WisdomTree Emerging Markets Multifactor Fund

AVES

Avantis Emerging Markets Value ETF

Return for Risk

EMMF vs. AVES — Risk / Return Rank

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

EMMF

EMMF Risk / Return Rank: 85
EMMF Sharpe Ratio Rank: 84
EMMF Sortino Ratio Rank: 85
EMMF Omega Ratio Rank: 85
EMMF Calmar Ratio Rank: 86
EMMF Martin Ratio Rank: 87

AVES

AVES Risk / Return Rank: 86
AVES Sharpe Ratio Rank: 87
AVES Sortino Ratio Rank: 87
AVES Omega Ratio Rank: 88
AVES Calmar Ratio Rank: 85
AVES Martin Ratio Rank: 85

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.

EMMF vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) 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.

	EMMF	AVES	Difference
Sharpe ratio Return per unit of total volatility	1.66	1.76	-0.10
Sortino ratio Return per unit of downside risk	2.25	2.32	-0.07
Omega ratio Gain probability vs. loss probability	1.34	1.34	-0.01
Calmar ratio Return relative to maximum drawdown	2.58	2.40	+0.18
Martin ratio Return relative to average drawdown	10.52	9.31	+1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMMF vs. AVES - Sharpe Ratio Comparison

The current EMMF Sharpe Ratio is 1.66, which is comparable to the AVES Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of EMMF and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMMF	AVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.76	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.46	-0.07

Correlation

The correlation between EMMF and AVES is 0.88, 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

EMMF vs. AVES - Dividend Comparison

EMMF's dividend yield for the trailing twelve months is around 2.25%, less than AVES's 3.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMMF WisdomTree Emerging Markets Multifactor Fund	2.25%	2.45%	1.30%	1.62%	3.48%	2.64%	1.93%	2.93%	0.66%
AVES Avantis Emerging Markets Value ETF	3.19%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%	0.00%	0.00%

Drawdowns

EMMF vs. AVES - Drawdown Comparison

The maximum EMMF drawdown since its inception was -32.57%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for EMMF and AVES.

Drawdown Indicators

	EMMF	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-32.57%	-27.40%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-12.90%	+2.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	—	—
Current Drawdown Current decline from peak	-7.68%	-10.28%	+2.60%
Average Drawdown Average peak-to-trough decline	-7.58%	-7.91%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.33%	-0.72%

Volatility

EMMF vs. AVES - Volatility Comparison

WisdomTree Emerging Markets Multifactor Fund (EMMF) and Avantis Emerging Markets Value ETF (AVES) have volatilities of 9.11% and 8.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMMF	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	8.89%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	12.90%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	18.09%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	16.73%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	16.73%	-0.28%