VMMSX vs. AVEM
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Avantis Emerging Markets Equity ETF (AVEM).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMMSX or AVEM.
Key characteristics
| VMMSX | AVEM | |
|---|---|---|
| YTD Return | 8.95% | 8.49% |
| 1Y Return | 14.09% | 13.98% |
| 3Y Return (Ann) | -2.14% | 0.05% |
| 5Y Return (Ann) | 3.74% | 5.64% |
| Sharpe Ratio | 1.02 | 1.08 |
| Sortino Ratio | 1.51 | 1.57 |
| Omega Ratio | 1.19 | 1.19 |
| Calmar Ratio | 0.62 | 0.95 |
| Martin Ratio | 4.64 | 5.70 |
| Ulcer Index | 3.50% | 3.02% |
| Daily Std Dev | 15.96% | 16.01% |
| Max Drawdown | -39.28% | -36.05% |
| Current Drawdown | -14.40% | -8.36% |
Correlation
The correlation between VMMSX and AVEM is 0.96, 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.
Performance
VMMSX vs. AVEM - Performance Comparison
In the year-to-date period, VMMSX achieves a 8.95% return, which is significantly higher than AVEM's 8.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMMSX vs. AVEM - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
VMMSX vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) 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.
Dividends
VMMSX vs. AVEM - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.79%, less than AVEM's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.79% | 3.04% | 3.71% | 1.99% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% | 1.39% | 1.32% |
AVEM Avantis Emerging Markets Equity ETF | 2.82% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMMSX vs. AVEM - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for VMMSX and AVEM. For additional features, visit the drawdowns tool.
Volatility
VMMSX vs. AVEM - Volatility Comparison
The current volatility for Vanguard Emerging Markets Select Stock Fund (VMMSX) is 4.65%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 4.94%. This indicates that VMMSX 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.