JADE vs. AVEM

Last updated Jun 4, 2026

JADE (JPMorgan Active Developing Markets Equity ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - JADE is a Emerging Markets Diversified fund actively managed by JPMorgan, while AVEM is a Foreign Large Cap Equities fund tracking the MSCI Emerging Markets Index. JADE is actively managed, while AVEM is passively managed. Over the past year, JADE returned 59.71% vs 55.00% for AVEM. With a 0.96 correlation, they move nearly in lockstep. JADE charges 0.65%/yr vs 0.33%/yr for AVEM.

Performance

JADE vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Developing Markets Equity ETF (JADE) and Avantis Emerging Markets Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JADE having a 28.34% return and AVEM slightly lower at 27.59%.

JADE

• 1D: -1.18%
• 1M: 8.60%
• YTD: 28.34%
• 6M: 31.12%
• 1Y: 59.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVEM

• 1D: -1.39%
• 1M: 8.65%
• YTD: 27.59%
• 6M: 29.75%
• 1Y: 55.00%
• 3Y*: 26.07%
• 5Y*: 9.92%
• 10Y*: —

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

JADE vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JADE JPMorgan Active Developing Markets Equity ETF	28.34%	38.50%	-2.30%
AVEM Avantis Emerging Markets Equity ETF	27.59%	34.48%	-2.89%

Correlation

The correlation between JADE and AVEM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 20, 2024	0.96

The correlation between JADE and AVEM has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

JADE vs. AVEM - Sectors Allocation Comparison

Sectors	JADE	AVEM
Technology	37.1%	32.3%
Financial Services	22.3%	20.7%
Consumer Cyclical	11.4%	9.2%
Industrials	7.8%	9.2%
Communication Services	7.2%	5.4%
Energy	4.7%	5.1%
Basic Materials	3.6%	8.1%
Consumer Defensive	2.3%	3.1%
Utilities	2.1%	2.6%
Real Estate	0.9%	1.6%
Healthcare	0.6%	2.8%

Return for Risk

JADE vs. AVEM — Risk / Return Rank

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

JADE

JADE Risk / Return Rank: 88
JADE Sharpe Ratio Rank: 90
JADE Sortino Ratio Rank: 87
JADE Omega Ratio Rank: 89
JADE Calmar Ratio Rank: 85
JADE Martin Ratio Rank: 88

AVEM

AVEM Risk / Return Rank: 82
AVEM Sharpe Ratio Rank: 85
AVEM Sortino Ratio Rank: 80
AVEM Omega Ratio Rank: 83
AVEM Calmar Ratio Rank: 80
AVEM Martin Ratio Rank: 82

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.

JADE vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Developing Markets Equity ETF (JADE) 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.

	JADE	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	3.12	2.84	+0.28
Sortino ratio: Return per unit of downside risk	3.95	3.65	+0.30
Omega ratio: Gain probability vs. loss probability	1.57	1.51	+0.05
Calmar ratio: Return relative to maximum drawdown	4.69	4.21	+0.48
Martin ratio: Return relative to average drawdown	19.53	16.70	+2.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JADE vs. AVEM - Sharpe Ratio Comparison

The current JADE Sharpe Ratio is 3.12, which is comparable to the AVEM Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of JADE and AVEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JADE	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	2.84	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.66	+0.96

Drawdowns

JADE vs. AVEM - Drawdown Comparison

The maximum JADE drawdown since its inception was -16.71%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for JADE and AVEM.

Drawdown Indicators

	JADE	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-36.05%	+19.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-13.13%	+0.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.00%	—
Current Drawdown Current decline from peak	-1.18%	-1.39%	+0.21%
Average Drawdown Average peak-to-trough decline	-3.22%	-10.09%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.30%	-0.23%

Volatility

JADE vs. AVEM - Volatility Comparison

JPMorgan Active Developing Markets Equity ETF (JADE) and Avantis Emerging Markets Equity ETF (AVEM) have volatilities of 8.13% and 8.33%, 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

	JADE	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	8.33%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	16.48%	16.72%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	19.45%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	18.34%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	20.55%	-1.16%

JADE vs. AVEM - Expense Ratio Comparison

JADE has a 0.65% expense ratio, which is higher than AVEM's 0.33% expense ratio.

Dividends

JADE vs. AVEM - Dividend Comparison

JADE's dividend yield for the trailing twelve months is around 1.78%, less than AVEM's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	1.98%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
JADE JPMorgan Active Developing Markets Equity ETF	1.78%	2.29%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JADE and AVEM in my portfolio?

With a correlation of 0.96, JADE and AVEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JADE or AVEM?

AVEM has higher volatility (8.33%) compared to JADE (8.13%). In terms of maximum drawdown, JADE dropped -16.71% vs AVEM's -36.05%.

Which ETF is better, JADE or AVEM?

On 1-year performance, JADE leads with 59.71% vs 55.00% for AVEM. On fees, AVEM is cheaper at 0.33% per year. On volatility, JADE has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JADE or AVEM?

Over the 1-year period, JADE has performed better with a 59.71% return vs 55.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JADE or AVEM?

AVEM is cheaper with a 0.33% expense ratio, compared with 0.65% for JADE.

Which ETF pays a higher dividend yield, JADE or AVEM?

AVEM has the higher dividend yield at 1.98%, compared with 1.78% for JADE.

What is the main difference between JADE and AVEM?

JADE is categorized as Emerging Markets Diversified, while AVEM is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and American Century. Their fees differ too: 0.65% for JADE and 0.33% for AVEM.

Which has better risk-adjusted returns?

JADE currently has the higher Sharpe Ratio (3.12 vs 2.84), 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.