FDG vs. AVES

Last updated Apr 1, 2026

Compare and contrast key facts about American Century Focused Dynamic Growth ETF (FDG) and Avantis Emerging Markets Value ETF (AVES).

FDG and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDG is an actively managed fund by American Century. It was launched on Mar 31, 2020. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

FDG vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Focused Dynamic Growth ETF (FDG) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

FDG vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDG American Century Focused Dynamic Growth ETF	-10.09%	22.13%	45.89%	37.22%	-35.74%	-1.48%
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, FDG achieves a -10.09% return, which is significantly lower than AVES's 2.97% return.

FDG

• 1D: 4.35%
• 1M: -4.42%
• YTD: -10.09%
• 6M: -5.30%
• 1Y: 25.52%
• 3Y*: 24.88%
• 5Y*: 8.73%
• 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)

FDG vs. AVES - Expense Ratio Comparison

FDG has a 0.45% expense ratio, which is higher than AVES's 0.36% expense ratio.

FDG

American Century Focused Dynamic Growth ETF

AVES

Avantis Emerging Markets Value ETF

Return for Risk

FDG vs. AVES — Risk / Return Rank

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

FDG

FDG Risk / Return Rank: 64
FDG Sharpe Ratio Rank: 63
FDG Sortino Ratio Rank: 69
FDG Omega Ratio Rank: 64
FDG Calmar Ratio Rank: 65
FDG Martin Ratio Rank: 60

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.

FDG vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Dynamic Growth ETF (FDG) 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.

	FDG	AVES	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.76	-0.68
Sortino ratio Return per unit of downside risk	1.67	2.32	-0.65
Omega ratio Gain probability vs. loss probability	1.23	1.34	-0.12
Calmar ratio Return relative to maximum drawdown	1.58	2.40	-0.82
Martin ratio Return relative to average drawdown	5.57	9.31	-3.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDG vs. AVES - Sharpe Ratio Comparison

The current FDG Sharpe Ratio is 1.08, which is lower than the AVES Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FDG 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

	FDG	AVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.76	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.46	+0.34

Correlation

The correlation between FDG and AVES is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDG vs. AVES - Dividend Comparison

FDG has not paid dividends to shareholders, while AVES's dividend yield for the trailing twelve months is around 3.19%.

	TTM	2025	2024	2023	2022	2021	2020
FDG American Century Focused Dynamic Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
AVES Avantis Emerging Markets Value ETF	3.19%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%

Drawdowns

FDG vs. AVES - Drawdown Comparison

The maximum FDG drawdown since its inception was -43.69%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for FDG and AVES.

Drawdown Indicators

	FDG	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-43.69%	-27.40%	-16.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.71%	-12.90%	-2.81%
Max Drawdown (5Y) Largest decline over 5 years	-43.69%	—	—
Current Drawdown Current decline from peak	-12.04%	-10.28%	-1.76%
Average Drawdown Average peak-to-trough decline	-13.75%	-7.91%	-5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	3.33%	+1.12%

Volatility

FDG vs. AVES - Volatility Comparison

The current volatility for American Century Focused Dynamic Growth ETF (FDG) is 7.98%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 8.89%. This indicates that FDG 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.

Volatility by Period

	FDG	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	8.89%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	12.90%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	23.85%	18.09%	+5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.68%	16.73%	+7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.05%	16.73%	+8.32%