XMMS.L vs. AVEM

Last updated Jun 5, 2026

XMMS.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and AVEM (Avantis Emerging Markets Equity ETF) are both Emerging Markets Equities funds. XMMS.L is passively managed, while AVEM is actively managed. Over the past 5 years, XMMS.L returned 8.45%/yr vs 10.96%/yr for AVEM. A 0.76 correlation means they provide meaningful diversification when combined. XMMS.L charges 0.18%/yr vs 0.33%/yr for AVEM.

Performance

XMMS.L vs. AVEM - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) and Avantis Emerging Markets Equity ETF (AVEM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMMS.L is traded in GBp, while AVEM is traded in USD. To make them comparable, the AVEM values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XMMS.L having a 26.72% return and AVEM slightly higher at 27.22%.

XMMS.L

• 1D: -1.59%
• 1M: 6.34%
• YTD: 26.72%
• 6M: 27.92%
• 1Y: 53.72%
• 3Y*: 20.94%
• 5Y*: 8.45%
• 10Y*: —

AVEM

• 1D: -0.69%
• 1M: 6.71%
• YTD: 27.22%
• 6M: 28.11%
• 1Y: 53.65%
• 3Y*: 22.64%
• 5Y*: 10.96%
• 10Y*: —

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

XMMS.L vs. AVEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XMMS.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	26.72%	24.71%	9.13%	2.81%	-10.67%	-1.61%	13.55%	4.52%
AVEM Avantis Emerging Markets Equity ETF	27.22%	24.90%	9.37%	9.54%	-8.42%	6.16%	11.03%	4.98%

Correlation

The correlation between XMMS.L and AVEM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019	0.76

The correlation between XMMS.L and AVEM has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

XMMS.L vs. AVEM - Sectors Allocation Comparison

Sectors	XMMS.L	AVEM
Technology	36.9%	32.3%
Financial Services	19.5%	20.7%
Consumer Cyclical	9.6%	9.2%
Industrials	7.4%	9.2%
Communication Services	7.0%	5.4%
Basic Materials	6.5%	8.1%
Energy	4.1%	5.1%
Consumer Defensive	3.0%	3.1%
Healthcare	2.9%	2.8%
Utilities	2.1%	2.6%
Real Estate	1.1%	1.6%

Return for Risk

XMMS.L vs. AVEM — Risk / Return Rank

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

XMMS.L

XMMS.L Risk / Return Rank: 88
XMMS.L Sharpe Ratio Rank: 91
XMMS.L Sortino Ratio Rank: 89
XMMS.L Omega Ratio Rank: 91
XMMS.L Calmar Ratio Rank: 87
XMMS.L Martin Ratio Rank: 84

AVEM

AVEM Risk / Return Rank: 81
AVEM Sharpe Ratio Rank: 83
AVEM Sortino Ratio Rank: 79
AVEM Omega Ratio Rank: 82
AVEM Calmar Ratio Rank: 79
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.

XMMS.L vs. AVEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) 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.

	XMMS.L	AVEM	Difference
Sharpe ratio: Return per unit of total volatility	3.17	3.11	+0.06
Sortino ratio: Return per unit of downside risk	4.07	3.96	+0.11
Omega ratio: Gain probability vs. loss probability	1.58	1.58	0.00
Calmar ratio: Return relative to maximum drawdown	4.84	5.06	-0.21
Martin ratio: Return relative to average drawdown	17.09	18.78	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMMS.L vs. AVEM - Sharpe Ratio Comparison

The current XMMS.L Sharpe Ratio is 3.17, which is comparable to the AVEM Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of XMMS.L 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.

Sharpe Ratios by Period

	XMMS.L	AVEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.17	3.11	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.69	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.65	-0.21

Drawdowns

XMMS.L vs. AVEM - Drawdown Comparison

The maximum XMMS.L drawdown since its inception was -27.76%, roughly equal to the maximum AVEM drawdown of -28.91%. Use the drawdown chart below to compare losses from any high point for XMMS.L and AVEM.

Drawdown Indicators

	XMMS.L	AVEM	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-28.91%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-10.66%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-16.02%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-24.32%	-19.84%	-4.48%
Current Drawdown Current decline from peak	-2.42%	-1.72%	-0.70%
Average Drawdown Average peak-to-trough decline	-10.00%	-6.14%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.87%	+0.26%

Volatility

XMMS.L vs. AVEM - Volatility Comparison

Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) and Avantis Emerging Markets Equity ETF (AVEM) have volatilities of 7.37% and 7.43%, 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.

Volatility by Period

	XMMS.L	AVEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	7.43%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	14.36%	14.83%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	17.38%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.03%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	18.72%	+0.12%

XMMS.L vs. AVEM - Expense Ratio Comparison

XMMS.L has a 0.18% expense ratio, which is lower than AVEM's 0.33% expense ratio.

Dividends

XMMS.L vs. AVEM - Dividend Comparison

XMMS.L has not paid dividends to shareholders, while AVEM's dividend yield for the trailing twelve months is around 2.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	2.00%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%
XMMS.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XMMS.L and AVEM in my portfolio?

XMMS.L and AVEM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMMS.L or AVEM?

On fees, XMMS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMMS.L or AVEM?

XMMS.L is cheaper with a 0.18% expense ratio, compared with 0.33% for AVEM.

What is the main difference between XMMS.L and AVEM?

They also come from different issuers: Xtrackers and Avantis. Their fees differ too: 0.18% for XMMS.L and 0.33% for AVEM.