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SFENX vs. AVES
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SFENX vs. AVES

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) and Avantis Emerging Markets Value ETF (AVES).

SFENX is managed by Charles Schwab. It was launched on Jan 30, 2008. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

SFENX vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

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SFENX vs. AVES - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SFENX
Schwab Fundamental Emerging Markets Large Company Index Fund		5.03%29.19%12.31%14.90%-15.50%-0.64%
AVES
Avantis Emerging Markets Value ETF		3.23%30.49%4.50%16.79%-16.04%1.32%

Returns By Period

In the year-to-date period, SFENX achieves a 5.03% return, which is significantly higher than AVES's 3.23% return.

SFENX

1D
1.97%
1M
-4.95%
YTD
5.03%
6M
8.38%
1Y
27.97%
3Y*
18.63%
5Y*
9.23%
10Y*
10.08%

AVES

1D
0.25%
1M
-7.78%
YTD
3.23%
6M
6.57%
1Y
31.01%
3Y*
16.43%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Schwab Fundamental Emerging Markets Large Company Index Fund

Avantis Emerging Markets Value ETF

Often compared with SFENX:
SFENX vs. SWISXSFENX vs. SCHESFENX vs. SFILXSFENX vs. SFNNXSFENX vs. SWPPXSFENX vs. VEMAXSFENX vs. DFEMX
Often compared with AVES:
AVES vs. AVEMAVES vs. AVEEAVES vs. DGSAVES vs. VWOAVES vs. DFEVAVES vs. FNDEAVES vs. DFEVX

SFENX vs. AVES - Expense Ratio Comparison

SFENX has a 0.39% expense ratio, which is higher than AVES's 0.36% expense ratio.

SFENX
Schwab Fundamental Emerging Markets Large Company Index Fund
AVES
Avantis Emerging Markets Value ETF

Return for Risk

SFENX vs. AVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SFENX
SFENX Risk / Return Rank: 8888
Overall Rank
SFENX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
SFENX Sortino Ratio Rank: 8888
Sortino Ratio Rank
SFENX Omega Ratio Rank: 8686
Omega Ratio Rank
SFENX Calmar Ratio Rank: 8787
Calmar Ratio Rank
SFENX Martin Ratio Rank: 8989
Martin Ratio Rank
AVES
AVES Risk / Return Rank: 8383
Overall Rank
AVES Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
AVES Sortino Ratio Rank: 8484
Sortino Ratio Rank
AVES Omega Ratio Rank: 8484
Omega Ratio Rank
AVES Calmar Ratio Rank: 8383
Calmar Ratio Rank
AVES Martin Ratio Rank: 8282
Martin Ratio Rank
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.

SFENX vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) and Avantis Emerging Markets Value ETF (AVES). 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.

SFENXAVESDifference

Sharpe ratio

Return per unit of total volatility

1.86

1.72

+0.13

Sortino ratio

Return per unit of downside risk

2.45

2.28

+0.17

Omega ratio

Gain probability vs. loss probability

1.36

1.34

+0.03

Calmar ratio

Return relative to maximum drawdown

2.27

2.48

-0.21

Martin ratio

Return relative to average drawdown

9.76

9.44

+0.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFENX vs. AVES - Sharpe Ratio Comparison

The current SFENX Sharpe Ratio is 1.86, which is comparable to the AVES Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SFENX and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SFENXAVESDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.86

1.72

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.47

-0.05

Correlation

The correlation between SFENX and AVES is 0.89, 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.

Dividends

SFENX vs. AVES - Dividend Comparison

SFENX's dividend yield for the trailing twelve months is around 3.74%, more than AVES's 3.18% yield.

TTM20252024202320222021202020192018201720162015
SFENX
Schwab Fundamental Emerging Markets Large Company Index Fund		3.74%3.93%4.67%5.00%5.46%4.61%2.95%3.82%2.90%2.37%2.16%3.23%
AVES
Avantis Emerging Markets Value ETF		3.18%3.17%4.09%3.96%3.70%0.62%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SFENX vs. AVES - Drawdown Comparison

The maximum SFENX drawdown since its inception was -47.19%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for SFENX and AVES.

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Drawdown Indicators

SFENXAVESDifference

Max Drawdown

Largest peak-to-trough decline

-47.19%

-27.40%

-19.79%

Max Drawdown (1Y)

Largest decline over 1 year

-12.41%

-12.90%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-29.26%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.59%

—

—

Current Drawdown

Current decline from peak

-7.03%

-10.06%

+3.03%

Average Drawdown

Average peak-to-trough decline

-13.00%

-7.91%

-5.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

3.39%

-0.48%

Volatility

SFENX vs. AVES - Volatility Comparison

The current volatility for Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) is 6.37%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 7.78%. This indicates that SFENX experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SFENXAVESDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.37%

7.78%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

10.46%

12.88%

-2.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.50%

18.08%

-2.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.37%

16.73%

-1.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.99%

16.73%

+0.26%