EPEM vs. AVIE

Last updated Aug 6, 2026

EPEM (Harbor Emerging Markets Equity ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both exchange-traded funds - EPEM is a Emerging Markets Equities fund actively managed by Harbor, while AVIE is a Large Cap Blend Equities fund actively managed by Avantis. Both are actively managed. Over the past year, EPEM returned 44.76% vs 31.26% for AVIE. Their 0.09 correlation means their historical movements had little consistent relationship. EPEM charges 0.84%/yr vs 0.25%/yr for AVIE.

Performance

EPEM vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Emerging Markets Equity ETF (EPEM) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPEM achieves a 26.55% return, which is significantly higher than AVIE's 18.60% return.

EPEM

• 1D: -0.15%
• 1M: -0.13%
• 6M: 14.85%
• YTD: 26.55%
• 1Y: 44.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 43.82%

AVIE

• 1D: 0.15%
• 1M: 2.83%
• 6M: 8.83%
• YTD: 18.60%
• 1Y: 31.26%
• 3Y*: 12.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVIE Avantis Inflation Focused Equity ETF	$105.07K	$109.47K	$101.49K
EPEM Harbor Emerging Markets Equity ETF	$3.43K	$12.08K	$5.33K

EPEM vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025
EPEM Harbor Emerging Markets Equity ETF	26.55%	20.73%
AVIE Avantis Inflation Focused Equity ETF	18.60%	10.21%

Correlation

The correlation between EPEM and AVIE is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.09

EPEM vs. AVIE - Sectors Allocation Comparison

Sectors	EPEM	AVIE
Technology	42.3%	0.1%
Financial Services	23.9%	15.7%
Consumer Cyclical	8.3%	0.1%
Consumer Defensive	6.2%	16.9%
Basic Materials	5.4%	9.0%
Communication Services	5.3%	-
Energy	3.1%	26.5%
Industrials	2.7%	1.7%
Healthcare	1.7%	29.6%
Real Estate	1.1%	0.5%
Utilities	-	0.0%

Return for Risk

EPEM vs. AVIE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPEM

EPEM Risk / Return Rank: 76
EPEM Sharpe Ratio Rank: 78
EPEM Sortino Ratio Rank: 70
EPEM Omega Ratio Rank: 77
EPEM Calmar Ratio Rank: 82
EPEM Martin Ratio Rank: 75

AVIE

AVIE Risk / Return Rank: 95
AVIE Sharpe Ratio Rank: 96
AVIE Sortino Ratio Rank: 96
AVIE Omega Ratio Rank: 95
AVIE Calmar Ratio Rank: 96
AVIE Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPEM vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Emerging Markets Equity ETF (EPEM) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	EPEM	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	2.01	3.15	-1.13
Sortino ratio: Return per unit of downside risk	2.61	4.60	-1.99
Omega ratio: Gain probability vs. loss probability	1.36	1.56	-0.20
Calmar ratio: Return relative to maximum drawdown	3.39	6.32	-2.93
Martin ratio: Return relative to average drawdown	10.63	21.54	-10.91

EPEM vs. AVIE - Sharpe Ratio Comparison

The current EPEM Sharpe Ratio is 2.01, which is lower than the AVIE Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of EPEM and AVIE, 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

EPEM vs. AVIE - Drawdown Comparison

The maximum EPEM drawdown since its inception was -13.27%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for EPEM and AVIE.

Drawdown Indicators

	EPEM	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-13.27%	-12.39%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	-4.97%	-8.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-3.96%	-0.72%	-3.24%
Average Drawdown Average peak-to-trough decline	-2.49%	-2.92%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	1.46%	+2.76%

Volatility

EPEM vs. AVIE - Volatility Comparison

Harbor Emerging Markets Equity ETF (EPEM) has a higher volatility of 6.57% compared to Avantis Inflation Focused Equity ETF (AVIE) at 2.71%. This indicates that EPEM's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPEM	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	2.71%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	7.39%	+12.40%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	9.98%	+12.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	12.84%	+8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	12.84%	+8.32%

EPEM vs. AVIE - Expense Ratio Comparison

EPEM has a 0.84% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

EPEM vs. AVIE - Dividend Comparison

EPEM's dividend yield for the trailing twelve months is around 2.90%, more than AVIE's 1.40% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.40%	1.75%	1.89%	3.72%	0.39%
EPEM Harbor Emerging Markets Equity ETF	2.90%	3.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPEM and AVIE in my portfolio?

EPEM and AVIE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPEM or AVIE?

EPEM has higher volatility (6.57%) compared to AVIE (2.71%). In terms of maximum drawdown, EPEM dropped -13.27% vs AVIE's -12.39%.

Which ETF is better, EPEM or AVIE?

On 1-year performance, EPEM leads with 44.76% vs 31.26% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPEM or AVIE?

Over the 1-year period, EPEM has performed better with a 44.76% return vs 31.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPEM or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.84% for EPEM.

Which ETF pays a higher dividend yield, EPEM or AVIE?

EPEM has the higher dividend yield at 2.90%, compared with 1.40% for AVIE.

What is the main difference between EPEM and AVIE?

EPEM is categorized as Emerging Markets Equities, while AVIE is Large Cap Blend Equities. They also come from different issuers: Harbor and Avantis. Their fees differ too: 0.84% for EPEM and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (3.15 vs 2.01), 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.