IEMS.L vs. AVEM
Compare and contrast key facts about iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) and Avantis Emerging Markets Equity ETF (AVEM).
IEMS.L and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEMS.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap. It was launched on Mar 6, 2009. 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 IEMS.L 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: IEMS.L or AVEM.
Key characteristics
| IEMS.L | AVEM | |
|---|---|---|
| YTD Return | 8.69% | 9.15% |
| 1Y Return | 15.72% | 16.00% |
| 3Y Return (Ann) | 3.03% | 0.45% |
| 5Y Return (Ann) | 10.49% | 6.64% |
| Sharpe Ratio | 1.19 | 1.06 |
| Daily Std Dev | 13.96% | 14.94% |
| Max Drawdown | -49.93% | -36.05% |
| Current Drawdown | -0.64% | -5.00% |
Correlation
The correlation between IEMS.L and AVEM is 0.72, 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.
Performance
IEMS.L vs. AVEM - Performance Comparison
In the year-to-date period, IEMS.L achieves a 8.69% return, which is significantly lower than AVEM's 9.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEMS.L vs. AVEM - Expense Ratio Comparison
IEMS.L has a 0.74% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
IEMS.L vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) 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
IEMS.L vs. AVEM - Dividend Comparison
IEMS.L's dividend yield for the trailing twelve months is around 1.71%, less than AVEM's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMS.L iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.71% | 2.09% | 2.47% | 1.29% | 1.62% | 2.05% | 2.19% | 1.32% | 2.08% | 0.87% | 1.65% | 1.67% |
AVEM Avantis Emerging Markets Equity ETF | 2.80% | 3.06% | 2.77% | 2.61% | 1.60% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEMS.L vs. AVEM - Drawdown Comparison
The maximum IEMS.L drawdown since its inception was -49.93%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for IEMS.L and AVEM. For additional features, visit the drawdowns tool.
Volatility
IEMS.L vs. AVEM - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) is 3.59%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 4.47%. This indicates that IEMS.L 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.