KORP vs. AVEM

Last updated Jun 4, 2026

KORP (American Century Diversified Corporate Bond ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - KORP is a Corporate Bonds fund actively managed by American Century, while AVEM is a Foreign Large Cap Equities fund tracking the MSCI Emerging Markets Index. KORP is actively managed, while AVEM is passively managed. Over the past 5 years, KORP returned 1.76%/yr vs 9.92%/yr for AVEM. At a 0.25 correlation, their price movements are largely independent. KORP charges 0.29%/yr vs 0.33%/yr for AVEM.

Performance

KORP vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Diversified Corporate Bond ETF (KORP) and Avantis Emerging Markets Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KORP achieves a 0.69% return, which is significantly lower than AVEM's 27.59% return.

KORP

• 1D: -0.23%
• 1M: 0.60%
• YTD: 0.69%
• 6M: 0.54%
• 1Y: 6.42%
• 3Y*: 5.79%
• 5Y*: 1.76%
• 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)

KORP vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KORP American Century Diversified Corporate Bond ETF	0.69%	8.14%	3.82%	7.40%	-10.04%	-0.55%	6.99%	1.61%
AVEM Avantis Emerging Markets Equity ETF	27.59%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	11.13%

Correlation

The correlation between KORP and AVEM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019	0.25

The correlation between KORP and AVEM shifts across timeframes, from 0.25 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

KORP vs. AVEM — Risk / Return Rank

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

KORP

KORP Risk / Return Rank: 41
KORP Sharpe Ratio Rank: 42
KORP Sortino Ratio Rank: 42
KORP Omega Ratio Rank: 40
KORP Calmar Ratio Rank: 40
KORP Martin Ratio Rank: 41

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.

KORP vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) 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.

	KORP	AVEM	Difference
Sharpe ratio Return per unit of total volatility	1.48	2.84	-1.36
Sortino ratio Return per unit of downside risk	2.15	3.65	-1.50
Omega ratio Gain probability vs. loss probability	1.26	1.51	-0.25
Calmar ratio Return relative to maximum drawdown	2.00	4.21	-2.21
Martin ratio Return relative to average drawdown	6.64	16.70	-10.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KORP vs. AVEM - Sharpe Ratio Comparison

The current KORP Sharpe Ratio is 1.48, which is lower than the AVEM Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of KORP 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

	KORP	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.84	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.54	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.66	-0.08

Drawdowns

KORP vs. AVEM - Drawdown Comparison

The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for KORP and AVEM.

Drawdown Indicators

	KORP	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-36.05%	+21.15%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-13.13%	+9.91%
Max Drawdown (3Y) Largest decline over 3 years	-5.04%	-18.02%	+12.98%
Max Drawdown (5Y) Largest decline over 5 years	-14.90%	-34.00%	+19.10%
Current Drawdown Current decline from peak	-1.07%	-1.39%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.23%	-10.09%	+6.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	3.30%	-2.33%

Volatility

KORP vs. AVEM - Volatility Comparison

The current volatility for American Century Diversified Corporate Bond ETF (KORP) is 1.44%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 8.33%. This indicates that KORP 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.

Volatility by Period

	KORP	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	8.33%	-6.89%
Volatility (6M) Calculated over the trailing 6-month period	3.29%	16.72%	-13.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.36%	19.45%	-15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.36%	18.34%	-12.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.92%	20.55%	-15.63%

KORP vs. AVEM - Expense Ratio Comparison

KORP has a 0.29% expense ratio, which is lower than AVEM's 0.33% expense ratio.

Dividends

KORP vs. AVEM - Dividend Comparison

KORP's dividend yield for the trailing twelve months is around 4.69%, more than AVEM's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVEM Avantis Emerging Markets Equity ETF	1.98%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%
KORP American Century Diversified Corporate Bond ETF	4.69%	4.98%	5.08%	4.42%	2.89%	1.86%	3.22%	3.20%	2.97%

Frequently Asked Questions

Can I hold both KORP and AVEM in my portfolio?

KORP and AVEM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KORP or AVEM?

AVEM has higher volatility (8.33%) compared to KORP (1.44%). In terms of maximum drawdown, KORP dropped -14.90% vs AVEM's -36.05%.

Which ETF is better, KORP or AVEM?

On 5-year performance, AVEM leads with 9.92% vs 1.76% for KORP. On fees, KORP is cheaper at 0.29% per year. On volatility, KORP has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KORP or AVEM?

Over the 5-year period, AVEM has performed better with a 9.92% return vs 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KORP or AVEM?

KORP is cheaper with a 0.29% expense ratio, compared with 0.33% for AVEM.

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

KORP has the higher dividend yield at 4.69%, compared with 1.98% for AVEM.

What is the main difference between KORP and AVEM?

KORP is categorized as Corporate Bonds, while AVEM is Foreign Large Cap Equities. Their fees differ too: 0.29% for KORP and 0.33% for AVEM.

Which has better risk-adjusted returns?

AVEM currently has the higher Sharpe Ratio (2.84 vs 1.48), 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.