AVES vs ASA

Comparison between AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF) and ASA Gold and Precious Metals Ltd (ASA, ETF).

5-Year PerformanceASA has outperformed AVES, delivering a return of +20.8% compared to +10.7%

AVES vs ASA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AVES(ETF)	ASA(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.36%	N/A
Max Drawdown	28.22%	81.29%
Sharpe Ratio	1.79	1.62
5Y Beta	0.68	0.68
5Y Dividends CAGR	N/A	37.97%

Net Assets

AVES

$1.40B

ASA

$1.40B

Expense Ratio

AVES

0.36%

ASA

N/A

Max Drawdown

Winner

AVES

28.22%

ASA

81.29%

Sharpe Ratio

Winner

AVES

1.79

ASA

1.62

5Y Beta

Winner

AVES

0.68

ASA

0.68

5Y Dividends CAGR

AVES

N/A

ASA

37.97%

AVES vs ASA - Historical Returns

Returns include dividend reinvestment.

Period	AVES	ASA
1 month	+5.41%	-2.33%
3 months	+5.78%	-23.26%
6 months	+21.35%	+16.27%
1 year	+39.62%	+85.57%
5 years(CAGR)	+10.66%	+20.77%
10 years(CAGR)	N/A	+18.33%
Max(CAGR)	+10.66%	+10.24%

Winner

AVES

+5.41%

ASA

-2.33%

Winner

AVES

+5.78%

ASA

-23.26%

Winner

AVES

+21.35%

ASA

+16.27%

AVES

+39.62%

Winner

ASA

+85.57%

5Y(CAGR)

AVES

+10.66%

Winner

ASA

+20.77%

10Y(CAGR)

AVES

N/A

ASA

+18.33%

Max(CAGR)

Winner

AVES

+10.66%

ASA

+10.24%

AVES vs ASA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AVES	ASA
2026	+16.67%	+7.07%
2025	+30.47%	+185.28%
2024	+5.94%	+33.84%
2023	+16.19%	+2.44%
2022	-16.49%	-31.22%
2021	+1.32%	-8.86%
2020	N/A	+59.82%
2019	N/A	+44.51%
2018	N/A	-17.92%
2017	N/A	-0.27%
2016	N/A	+52.33%
2015	N/A	-30.87%
2014	N/A	-18.39%
2013	N/A	-44.28%
2012	N/A	-18.82%
2011	N/A	-22.09%
2010	N/A	+32.28%
2009	N/A	+57.63%
2008	N/A	-31.94%
2007	N/A	+22.37%
2006	N/A	+10.44%
2005	N/A	+44.00%
2004	N/A	-9.96%
2003	N/A	+13.32%
2002	N/A	+111.50%
2001	N/A	+31.88%
2000	N/A	-18.67%
1999	N/A	-2.87%

AVES vs ASA Drawdown Comparison

The maximum drawdown for AVES was -27.41%, occurring on Oct 24, 2022. Recovery took 560 trading sessions.

The maximum drawdown for ASA was -80.31%, occurring on Jan 19, 2016. Recovery took 3643 trading sessions.

The current ASA drawdown is -23.28%.

Rank	AVES	ASA
#1	-27.41% Jan 12, 2022 - Apr 8, 2024	-80.31% Dec 6, 2010 - Jun 2, 2025
#2	-18.49% Oct 2, 2024 - Jun 4, 2025	-65.13% Mar 14, 2008 - Sep 14, 2010
#3	-12.90% Feb 25, 2026 - May 6, 2026	-35.70% Jun 3, 2002 - Dec 13, 2002
#4	-8.51% Jul 12, 2024 - Sep 24, 2024	-32.51% Feb 27, 2026 - Mar 20, 2026
#5	-5.43% Oct 25, 2021 - Jan 11, 2022	-31.72% Nov 10, 1999 - May 16, 2001
#6	-5.24% May 8, 2026 - May 26, 2026	-28.66% Dec 2, 2003 - Sep 29, 2005
#7	-4.76% Apr 9, 2024 - May 2, 2024	-27.87% May 9, 2006 - Sep 25, 2007
#8	-4.68% May 17, 2024 - Jul 11, 2024	-23.62% Jan 3, 2003 - Aug 11, 2003
#9	-4.55% Sep 17, 2025 - Oct 23, 2025	-23.37% May 18, 2001 - Jan 16, 2002
#10	-3.87% Nov 12, 2025 - Dec 22, 2025	-17.89% Feb 2, 2006 - Apr 19, 2006
#11	-3.72% Jul 23, 2025 - Aug 13, 2025	-17.24% Oct 16, 2025 - Dec 1, 2025
#12	-2.63% Jun 12, 2025 - Jun 24, 2025	-17.12% Jan 28, 2026 - Feb 24, 2026
#13	-2.40% Jan 28, 2026 - Feb 9, 2026	-15.06% Nov 6, 2007 - Jan 3, 2008
#14	-2.21% Oct 27, 2025 - Nov 10, 2025	-11.68% Feb 8, 2002 - Mar 22, 2002
#15	-1.92% Oct 1, 2021 - Oct 14, 2021	-11.43% Jun 5, 2025 - Aug 7, 2025

Correlation

Correlation between AVES and ASA is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2000 - 2026)

AVES vs ASA dividend yield comparison.

Year	AVES	ASA
2026	0.09%	0.06%
2025	3.17%	0.10%
2024	4.09%	0.20%
2023	3.96%	0.13%
2022	3.70%	0.14%
2021	0.62%	0.09%
2020	0.00%	0.09%
2019	0.00%	0.15%
2018	0.00%	0.32%
2017	0.00%	0.35%
2016	0.00%	0.36%
2015	0.00%	0.56%
2014	0.00%	0.40%
2013	0.00%	1.47%
2012	0.00%	1.76%
2011	0.00%	1.37%
2010	0.00%	0.98%
2009	0.00%	1.81%
2008	0.00%	3.92%
2007	0.00%	3.06%
2006	0.00%	1.39%
2005	0.00%	1.64%
2004	0.00%	1.36%
2003	0.00%	1.76%
2002	0.00%	1.95%
2001	0.00%	4.00%
2000	0.00%	1.96%