VEXC vs. AVXC

Last updated Jun 24, 2026

VEXC (Vanguard Emerging Markets Ex-China ETF) and AVXC (Avantis Emerging Markets ex-China Equity ETF) are both exchange-traded funds - VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index, while AVXC is a Emerging Markets Diversified fund actively managed by Avantis. VEXC is passively managed, while AVXC is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. VEXC charges 0.07%/yr vs 0.33%/yr for AVXC.

Performance

VEXC vs. AVXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Ex-China ETF (VEXC) and Avantis Emerging Markets ex-China Equity ETF (AVXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEXC achieves a 20.67% return, which is significantly lower than AVXC's 31.52% return.

VEXC

• 1D: -3.33%
• 1M: 3.67%
• YTD: 20.67%
• 6M: 21.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVXC

• 1D: -5.67%
• 1M: 3.81%
• YTD: 31.52%
• 6M: 32.82%
• 1Y: 56.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEXC vs. AVXC - Yearly Performance Comparison

	2026 (YTD)	2025
VEXC Vanguard Emerging Markets Ex-China ETF	20.67%	4.50%
AVXC Avantis Emerging Markets ex-China Equity ETF	31.52%	6.95%

Correlation

The correlation between VEXC and AVXC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.93

Return for Risk

VEXC vs. AVXC — Risk / Return Rank

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

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVXC

AVXC Risk / Return Rank: 80
AVXC Sharpe Ratio Rank: 81
AVXC Sortino Ratio Rank: 73
AVXC Omega Ratio Rank: 82
AVXC Calmar Ratio Rank: 81
AVXC 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.

VEXC vs. AVXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Ex-China ETF (VEXC) and Avantis Emerging Markets ex-China Equity ETF (AVXC). 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.

	VEXC	AVXC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.45	—
Sortino ratio: Return per unit of downside risk	—	3.07	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	4.02	—
Martin ratio: Return relative to average drawdown	—	15.56	—

Drawdowns

VEXC vs. AVXC - Drawdown Comparison

The maximum VEXC drawdown since its inception was -12.42%, smaller than the maximum AVXC drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for VEXC and AVXC.

Drawdown Indicators

	VEXC	AVXC	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-20.44%	+8.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.04%	—
Current Drawdown Current decline from peak	-3.33%	-5.67%	+2.34%
Average Drawdown Average peak-to-trough decline	-2.23%	-3.79%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.62%	—

Volatility

Volatility by Period

	VEXC	AVXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	23.03%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	19.83%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	19.83%	+0.44%

VEXC vs. AVXC - Expense Ratio Comparison

VEXC has a 0.07% expense ratio, which is lower than AVXC's 0.33% expense ratio.

Dividends

VEXC vs. AVXC - Dividend Comparison

VEXC's dividend yield for the trailing twelve months is around 1.43%, less than AVXC's 2.06% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	2.06%	1.97%	1.34%
VEXC Vanguard Emerging Markets Ex-China ETF	1.43%	0.43%	0.00%

Frequently Asked Questions

Can I hold both VEXC and AVXC in my portfolio?

With a correlation of 0.93, VEXC and AVXC 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 ETF is better, VEXC or AVXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEXC or AVXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.33% for AVXC.

Which ETF pays a higher dividend yield, VEXC or AVXC?

AVXC has the higher dividend yield at 2.06%, compared with 1.43% for VEXC.

What is the main difference between VEXC and AVXC?

VEXC is categorized as Emerging Markets Equities, while AVXC is Emerging Markets Diversified. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.07% for VEXC and 0.33% for AVXC.