FEMS vs. AVEM
Compare and contrast key facts about First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and Avantis Emerging Markets Equity ETF (AVEM).
FEMS and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEMS is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX EM Small Cap Index. It was launched on Feb 15, 2012. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. Both FEMS and AVEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMS or AVEM.
Performance
FEMS vs. AVEM - Performance Comparison
Returns By Period
In the year-to-date period, FEMS achieves a 3.69% return, which is significantly lower than AVEM's 9.15% return.
FEMS
3.69%
-0.23%
-4.31%
6.82%
6.23%
5.35%
AVEM
9.15%
-4.03%
-0.08%
14.42%
5.90%
N/A
Key characteristics
| FEMS | AVEM | |
|---|---|---|
| Sharpe Ratio | 0.42 | 0.92 |
| Sortino Ratio | 0.67 | 1.35 |
| Omega Ratio | 1.08 | 1.17 |
| Calmar Ratio | 0.44 | 0.79 |
| Martin Ratio | 1.63 | 4.36 |
| Ulcer Index | 4.18% | 3.31% |
| Daily Std Dev | 16.13% | 15.71% |
| Max Drawdown | -47.85% | -36.05% |
| Current Drawdown | -7.87% | -7.80% |
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FEMS vs. AVEM - Expense Ratio Comparison
FEMS has a 0.80% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Correlation
The correlation between FEMS and AVEM is 0.79, 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.
Risk-Adjusted Performance
FEMS vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and Avantis Emerging Markets Equity ETF (AVEM). 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.
Dividends
FEMS vs. AVEM - Dividend Comparison
FEMS's dividend yield for the trailing twelve months is around 3.66%, more than AVEM's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund | 3.66% | 4.65% | 4.55% | 6.25% | 2.90% | 4.38% | 4.68% | 3.39% | 2.42% | 3.28% | 3.49% | 1.79% |
AVEM Avantis Emerging Markets Equity ETF | 2.80% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEMS vs. AVEM - Drawdown Comparison
The maximum FEMS drawdown since its inception was -47.85%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for FEMS and AVEM. For additional features, visit the drawdowns tool.
Volatility
FEMS vs. AVEM - Volatility Comparison
The current volatility for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is 4.02%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 4.81%. This indicates that FEMS experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.