Correlation
The correlation between PXH and AVEM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PXH vs. AVEM
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and Avantis Emerging Markets Equity ETF (AVEM).
PXH and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. 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 PXH 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: PXH or AVEM.
Performance
PXH vs. AVEM - Performance Comparison
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Key characteristics
PXH:
0.59
AVEM:
0.47
PXH:
0.86
AVEM:
0.66
PXH:
1.11
AVEM:
1.09
PXH:
0.60
AVEM:
0.41
PXH:
1.61
AVEM:
1.20
PXH:
6.59%
AVEM:
6.07%
PXH:
21.49%
AVEM:
19.44%
PXH:
-63.63%
AVEM:
-36.05%
PXH:
-2.89%
AVEM:
-1.26%
Returns By Period
In the year-to-date period, PXH achieves a 8.93% return, which is significantly lower than AVEM's 9.39% return.
PXH
8.93%
3.98%
8.42%
13.72%
9.19%
10.57%
4.99%
AVEM
9.39%
6.23%
7.63%
9.92%
7.60%
10.42%
N/A
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PXH vs. AVEM - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
PXH vs. AVEM — Risk-Adjusted Performance Rank
PXH
AVEM
PXH vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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.
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Dividends
PXH vs. AVEM - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.34%, more than AVEM's 2.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.34% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.98% | 3.44% | 3.19% |
AVEM Avantis Emerging Markets Equity ETF | 2.90% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXH vs. AVEM - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for PXH and AVEM.
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Volatility
PXH vs. AVEM - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) and Avantis Emerging Markets Equity ETF (AVEM) have volatilities of 4.44% and 4.40%, 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.
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