AVEM — Avantis Emerging Markets Equity ETF

AVEM Price Performance — Growth of $10,000

Value of a $10,000 investment in AVEM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

AVEM Drawdown

The "underwater" chart: AVEM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund managed by Avantis Investors that operates within the Emerging Markets category. This fund holds an overall rank of #100 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.4 out of 100. With assets under management totaling $26.2 billion and a current price of $87.75, the fund demonstrates significant investor adoption relative to the 10 other ETFs tracked in its specific category. The fund charges an expense ratio of 0.33% and offers a dividend yield of 1.82%. The substantial asset base suggests strong institutional or retail interest despite the fund's mid-tier ranking among the broader universe of tracked funds. Its position in the top tier of the Emerging Markets category by assets indicates it is a major vehicle for exposure to this asset class.

Recent performance data shows a sharp decline over the shortest horizons, with the fund dropping 1.99% in one day and 4.31% over one week. This negative momentum extended into the one-month period, resulting in a 7.04% loss, though the three-month return stabilized to a modest decline of 1.38%. A clear reversal occurred over the six-month period, where the fund posted a gain of 6.28%, which accelerated further into year-to-date returns of 11.96%. The one-year return reached 27.15%, and the three-year return shows a substantial cumulative gain of 73.20%. This pattern indicates a divergence between recent short-term weakness and strong long-term appreciation, with the fund recovering from recent losses to achieve significant multi-year growth.

The fund carries a High volatility label and a beta of 1.03, indicating that its price movements tend to be slightly more sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 0.94 suggests the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. The maximum drawdown of -18.02% highlights the potential for significant temporary losses during market downturns. This combination of high volatility and a beta above 1.0 implies the fund is likely to experience amplified swings in both rising and falling markets. The Sharpe ratio of 0.94 reflects that despite the elevated risk profile and the -18.02% drawdown, the fund has historically compensated investors with returns that exceed the risk-free rate by a reasonable margin.

AI-generated summary based on the data on this page.

AVEM Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 24.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how AVEM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With AVEM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with AVEM's top 10 — DFEM overlaps most, holding 7 of the same companies as AVEM's top 10 (22.4% of AVEM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.71 (as of 2026-07-24) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

AVEM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 10.22% and average daily volume is 1.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $26.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: AVEM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

AVEM Performance History

How AVEM Compares to Other Emerging Markets ETFs