PTIAX vs. AVEM

Last updated Jun 12, 2026

PTIAX (Performance Trust Strategic Bond Fund) and AVEM (Avantis Emerging Markets Equity ETF) are both funds - PTIAX is a Intermediate Core-Plus Bond fund managed by Performance Trust Asset Management, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. Over the past 5 years, PTIAX returned 0.82%/yr vs 9.57%/yr for AVEM. At a 0.06 correlation, their price movements are largely independent. PTIAX charges 0.76%/yr vs 0.33%/yr for AVEM.

Performance

PTIAX vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Performance Trust Strategic Bond Fund (PTIAX) 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, PTIAX achieves a 0.50% return, which is significantly lower than AVEM's 24.56% return.

PTIAX

• 1D: -0.10%
• 1M: 0.22%
• YTD: 0.50%
• 6M: 0.58%
• 1Y: 5.33%
• 3Y*: 5.16%
• 5Y*: 0.82%
• 10Y*: 2.83%

AVEM

• 1D: 4.59%
• 1M: 2.95%
• YTD: 24.56%
• 6M: 25.81%
• 1Y: 45.40%
• 3Y*: 24.22%
• 5Y*: 9.57%
• 10Y*: —

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

PTIAX vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTIAX Performance Trust Strategic Bond Fund	0.50%	6.92%	3.52%	7.48%	-12.84%	1.15%	5.73%	0.38%
AVEM Avantis Emerging Markets Equity ETF	24.56%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	10.40%

Correlation

The correlation between PTIAX and AVEM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019	0.06

Over the past year, PTIAX and AVEM have become more correlated (0.30) than their long-term average of 0.06, meaning their price movements have been converging.

Return for Risk

PTIAX vs. AVEM — Risk / Return Rank

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

PTIAX

PTIAX Risk / Return Rank: 33
PTIAX Sharpe Ratio Rank: 35
PTIAX Sortino Ratio Rank: 38
PTIAX Omega Ratio Rank: 33
PTIAX Calmar Ratio Rank: 34
PTIAX Martin Ratio Rank: 26

AVEM

AVEM Risk / Return Rank: 80
AVEM Sharpe Ratio Rank: 81
AVEM Sortino Ratio Rank: 76
AVEM Omega Ratio Rank: 82
AVEM Calmar Ratio Rank: 80
AVEM Martin Ratio Rank: 81

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.

PTIAX vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PTIAX	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.15	-0.71
Sortino ratio: Return per unit of downside risk	2.18	2.79	-0.61
Omega ratio: Gain probability vs. loss probability	1.26	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	1.92	3.47	-1.56
Martin ratio: Return relative to average drawdown	5.34	13.23	-7.89

PTIAX vs. AVEM - Sharpe Ratio Comparison

The current PTIAX Sharpe Ratio is 1.45, which is lower than the AVEM Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PTIAX 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.

Drawdowns

PTIAX vs. AVEM - Drawdown Comparison

The maximum PTIAX drawdown since its inception was -16.90%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for PTIAX and AVEM.

Drawdown Indicators

	PTIAX	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-16.90%	-36.05%	+19.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-13.13%	+10.14%
Max Drawdown (3Y) Largest decline over 3 years	-4.96%	-18.02%	+13.06%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-33.88%	+16.98%
Max Drawdown (10Y) Largest decline over 10 years	-16.90%	—	—
Current Drawdown Current decline from peak	-1.73%	-3.73%	+2.00%
Average Drawdown Average peak-to-trough decline	-2.44%	-10.08%	+7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	3.44%	-2.37%

Volatility

PTIAX vs. AVEM - Volatility Comparison

The current volatility for Performance Trust Strategic Bond Fund (PTIAX) is 1.31%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 11.06%. This indicates that PTIAX 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

	PTIAX	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	11.06%	-9.75%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	18.80%	-16.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	21.17%	-17.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.97%	18.71%	-13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.05%	20.77%	-16.72%

PTIAX vs. AVEM - Expense Ratio Comparison

PTIAX has a 0.76% expense ratio, which is higher than AVEM's 0.33% expense ratio.

Dividends

PTIAX vs. AVEM - Dividend Comparison

PTIAX's dividend yield for the trailing twelve months is around 4.78%, more than AVEM's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEM Avantis Emerging Markets Equity ETF	2.60%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
PTIAX Performance Trust Strategic Bond Fund	4.78%	4.68%	4.44%	4.03%	3.96%	3.01%	3.86%	4.11%	4.47%	5.51%	5.49%	4.87%

Frequently Asked Questions

Can I hold both PTIAX and AVEM in my portfolio?

PTIAX and AVEM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIAX or AVEM?

AVEM has higher volatility (11.06%) compared to PTIAX (1.31%). In terms of maximum drawdown, PTIAX dropped -16.90% vs AVEM's -36.05%.

Which has better risk-adjusted returns?

AVEM currently has the higher Sharpe Ratio (2.15 vs 1.45), 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.