AVEM vs SPY
Comparison between AVANTIS EMERGING MARKETS EQUITY ETF (AVEM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed AVEM, delivering a return of +13.3% compared to +10.0%
AVEM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AVEM
$20B
Winner
SPY
$652B
Expense Ratio
AVEM
0.33%
Winner
SPY
0.09%
Max Drawdown
Winner
AVEM
36.32%
SPY
56.47%
Sharpe Ratio
Winner
AVEM
2.43
SPY
2.07
5Y Beta
Winner
AVEM
0.80
SPY
1.00
P/E Ratio
AVEM
N/A
SPY
28.24
Forward P/E
AVEM
N/A
SPY
21.85
5Y Dividends CAGR
Winner
AVEM
14.48%
SPY
5.43%
5Y EPS CAGR
AVEM
N/A
SPY
25.79%
Debt to Equity
AVEM
N/A
SPY
22.35%
P/S Ratio
AVEM
N/A
SPY
3.55
P/B Ratio
AVEM
N/A
SPY
5.29
AVEM vs SPY - Holdings Comparison
AVEM and SPY have 1 common holdings. Overlap is 0.00%
AVEM's top 25 holdings weight is 26.96%. SPY's top 25 holdings weight is 51.32%.
| Rank | AVEM | SPY |
|---|---|---|
| #1 | n/a (TSM) - 6.35% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | TENCENT HOLDINGS LTD (n/a) - 3.02% | APPLE INC (AAPL) - 6.48% |
| #3 | ALIBABA GROUP HOLDING LTD ADR (BABA) - 1.66% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 1.62% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.31% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | SK HYNIX INC (n/a) - 1.18% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MEDIATEK INC (n/a) - 0.88% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | NETEASE INC ADR (NTES) - 0.87% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.77% | TESLA INC (TSLA) - 1.73% |
| #10 | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 0.77% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | ICICI BANK LTD ADR (IBN) - 0.73% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | HDFC BANK LTD (n/a) - 0.73% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | PDD HOLDINGS INC ADR (PDD) - 0.70% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | PETROLEO BRASILEIRO SA PETROBRAS ADR (PBR-A) - 0.67% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | BANK OF CHINA LTD CLASS H (n/a) - 0.62% | WALMART INC (WMT) - 0.91% |
| #16 | MEITUAN CLASS B (n/a) - 0.56% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | INFOSYS LTD ADR (INFY) - 0.55% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | n/a (n/a) - 0.55% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (n/a) - 0.54% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | n/a (n/a) - 0.53% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | INNOVENT BIOLOGICS INC (n/a) - 0.52% | INTEL CORP (INTC) - 0.65% |
| #22 | KB FINANCIAL GROUP INC ADR (KB) - 0.47% | NETFLIX INC (NFLX) - 0.64% |
| #23 | HANWHA AEROSPACE CO LTD (n/a) - 0.47% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | n/a (n/a) - 0.45% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.44% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 2508 | 505 |
AVEM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AVEM
+11.63%
SPY
+9.11%
3M
Winner
AVEM
+11.79%
SPY
+6.59%
6M
Winner
AVEM
+26.95%
SPY
+10.56%
1Y
Winner
AVEM
+59.34%
SPY
+32.04%
5Y(CAGR)
AVEM
+10.00%
Winner
SPY
+13.35%
10Y(CAGR)
AVEM
N/A
SPY
+15.49%
Max(CAGR)
Winner
AVEM
+13.13%
SPY
+8.50%
AVEM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AVEM | SPY |
|---|---|---|
| 2026 | +21.36% | +8.27% |
| 2025 | +34.58% | +18.00% |
| 2024 | +8.98% | +25.59% |
| 2023 | +14.71% | +26.72% |
| 2022 | -18.66% | -18.64% |
| 2021 | +4.31% | +30.52% |
| 2020 | +12.83% | +17.28% |
| 2019 | +11.13% | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
AVEM vs SPY Drawdown Comparison
The maximum drawdown for AVEM was -36.05%, occurring on Mar 23, 2020. Recovery took 204 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | AVEM | SPY |
|---|---|---|
| #1 | -36.05% Jan 17, 2020 - Nov 6, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.01% Jun 4, 2021 - Sep 24, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -18.02% Oct 7, 2024 - May 19, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -13.13% Feb 25, 2026 - Apr 17, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.21% Feb 17, 2021 - Jun 1, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.39% Jan 21, 2021 - Feb 8, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.52% Oct 29, 2025 - Dec 26, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.45% Oct 6, 2025 - Oct 20, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.05% Nov 7, 2019 - Dec 12, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.55% Jul 23, 2025 - Aug 12, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.99% Jan 28, 2026 - Feb 9, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.67% Sep 23, 2019 - Oct 11, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.47% Jun 12, 2025 - Jun 24, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.17% Dec 17, 2020 - Dec 29, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.12% Apr 17, 2026 - Apr 30, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between AVEM and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (1999 - 2026)
AVEM vs SPY dividend yield comparison.
| Year | AVEM | SPY |
|---|---|---|
| 2026 | 0.06% | 0.24% |
| 2025 | 2.45% | 1.07% |
| 2024 | 3.17% | 1.21% |
| 2023 | 3.06% | 1.40% |
| 2022 | 2.77% | 1.65% |
| 2021 | 2.61% | 1.20% |
| 2020 | 1.60% | 1.52% |
| 2019 | 0.35% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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