EVLU vs. AVEE

Last updated Aug 1, 2026

EVLU (iShares MSCI Emerging Markets Value Factor ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both Emerging Markets Equities funds - EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net) while AVEE tracks the MSCI Emerging Markets Small Cap Index. Both are passively managed. Over the past year, EVLU returned 52.71% vs 8.02% for AVEE. Their correlation of 0.85 means they have usually moved in the same direction. EVLU charges 0.35%/yr vs 0.42%/yr for AVEE.

Performance

EVLU vs. AVEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVLU achieves a 26.39% return, which is significantly higher than AVEE's 2.14% return.

EVLU

• 1D: 0.12%
• 1M: 0.50%
• 6M: 16.81%
• YTD: 26.39%
• 1Y: 52.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.20%

AVEE

• 1D: -0.36%
• 1M: -7.56%
• 6M: -3.22%
• YTD: 2.14%
• 1Y: 8.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.24%

*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)
AVEE Avantis Emerging Markets Small Cap Equity ETF	$1.25M	$1.05M	$861.76K
EVLU iShares MSCI Emerging Markets Value Factor ETF	$154.42K	$144.62K	$121.49K

EVLU vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLU iShares MSCI Emerging Markets Value Factor ETF	26.39%	38.54%	1.21%
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.14%	19.80%	-1.37%

Correlation

The correlation between EVLU and AVEE is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.85

The correlation between EVLU and AVEE has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

EVLU vs. AVEE — Risk / Return Rank

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

EVLU

EVLU Risk / Return Rank: 90
EVLU Sharpe Ratio Rank: 93
EVLU Sortino Ratio Rank: 90
EVLU Omega Ratio Rank: 91
EVLU Calmar Ratio Rank: 91
EVLU Martin Ratio Rank: 84

AVEE

AVEE Risk / Return Rank: 21
AVEE Sharpe Ratio Rank: 20
AVEE Sortino Ratio Rank: 20
AVEE Omega Ratio Rank: 20
AVEE Calmar Ratio Rank: 21
AVEE Martin Ratio Rank: 24

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.

EVLU vs. AVEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.

	EVLU	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	2.47	0.41	+2.07
Sortino ratio: Return per unit of downside risk	3.18	0.68	+2.50
Omega ratio: Gain probability vs. loss probability	1.43	1.09	+0.34
Calmar ratio: Return relative to maximum drawdown	4.01	0.56	+3.45
Martin ratio: Return relative to average drawdown	11.62	1.79	+9.84

EVLU vs. AVEE - Sharpe Ratio Comparison

The current EVLU Sharpe Ratio is 2.47, which is higher than the AVEE Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EVLU and AVEE, 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

EVLU vs. AVEE - Drawdown Comparison

The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum AVEE drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for EVLU and AVEE.

Drawdown Indicators

	EVLU	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-20.21%	+3.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-13.89%	+0.99%
Current Drawdown Current decline from peak	-7.82%	-12.56%	+4.74%
Average Drawdown Average peak-to-trough decline	-3.75%	-3.83%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	4.33%	+0.11%

Volatility

EVLU vs. AVEE - Volatility Comparison

iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Avantis Emerging Markets Small Cap Equity ETF (AVEE) have volatilities of 6.36% and 6.24%, 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

	EVLU	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	6.24%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	18.46%	17.15%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	19.06%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	17.35%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	17.35%	+3.02%

EVLU vs. AVEE - Expense Ratio Comparison

EVLU has a 0.35% expense ratio, which is lower than AVEE's 0.42% expense ratio.

Dividends

EVLU vs. AVEE - Dividend Comparison

EVLU's dividend yield for the trailing twelve months is around 3.85%, more than AVEE's 2.43% yield.

Position	TTM	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.43%	2.25%	3.26%	0.39%
EVLU iShares MSCI Emerging Markets Value Factor ETF	3.85%	5.20%	1.03%	0.00%

Frequently Asked Questions

Can I hold both EVLU and AVEE in my portfolio?

EVLU and AVEE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVLU or AVEE?

EVLU has higher volatility (6.36%) compared to AVEE (6.24%). In terms of maximum drawdown, EVLU dropped -17.17% vs AVEE's -20.21%.

Which ETF is better, EVLU or AVEE?

On 1-year performance, EVLU leads with 52.71% vs 8.02% for AVEE. On fees, EVLU is cheaper at 0.35% per year. On volatility, AVEE has been the lower-risk option at 6.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLU or AVEE?

Over the 1-year period, EVLU has performed better with a 52.71% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLU or AVEE?

EVLU is cheaper with a 0.35% expense ratio, compared with 0.42% for AVEE.

Which ETF pays a higher dividend yield, EVLU or AVEE?

EVLU has the higher dividend yield at 3.85%, compared with 2.43% for AVEE.

What is the main difference between EVLU and AVEE?

EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while AVEE tracks MSCI Emerging Markets Small Cap Index. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.35% for EVLU and 0.42% for AVEE.

Which has better risk-adjusted returns?

EVLU currently has the higher Sharpe Ratio (2.47 vs 0.41), 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.