SMMU vs AVES

Comparison between PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF) and AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF).

5-Year PerformanceAVES has outperformed SMMU, delivering a return of +10.4% compared to +1.9%

SMMU vs AVES - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMMU(ETF)	AVES(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.35%	0.36%
Max Drawdown	5.87%	28.22%
Sharpe Ratio	0.40	2.12
5Y Beta	0.00	0.66
5Y Dividends CAGR	23.53%	N/A

Net Assets

SMMU

$1.10B

Winner

AVES

$1.20B

Expense Ratio

Winner

SMMU

0.35%

AVES

0.36%

Max Drawdown

Winner

SMMU

5.87%

AVES

28.22%

Sharpe Ratio

SMMU

0.40

Winner

AVES

2.12

5Y Beta

Winner

SMMU

0.00

AVES

0.66

5Y Dividends CAGR

SMMU

23.53%

AVES

N/A

SMMU vs AVES - Historical Returns

Returns include dividend reinvestment.

Period	SMMU	AVES
1 month	+0.12%	+7.49%
3 months	+0.03%	+5.81%
6 months	+1.40%	+19.70%
1 year	+4.25%	+44.36%
5 years(CAGR)	+1.87%	+10.39%
10 years(CAGR)	+1.79%	N/A
Max(CAGR)	+1.52%	+10.39%

SMMU

+0.12%

Winner

AVES

+7.49%

SMMU

+0.03%

Winner

AVES

+5.81%

SMMU

+1.40%

Winner

AVES

+19.70%

SMMU

+4.25%

Winner

AVES

+44.36%

5Y(CAGR)

SMMU

+1.87%

Winner

AVES

+10.39%

10Y(CAGR)

SMMU

+1.79%

AVES

N/A

Max(CAGR)

SMMU

+1.52%

Winner

AVES

+10.39%

SMMU vs AVES - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	SMMU	AVES
2026	+0.78%	+14.57%
2025	+4.06%	+30.47%
2024	+2.65%	+5.94%
2023	+4.19%	+16.19%
2022	-2.49%	-16.49%
2021	+0.18%	+1.32%
2020	+2.85%	N/A
2019	+3.34%	N/A
2018	+1.45%	N/A
2017	+1.72%	N/A
2016	-0.96%	N/A
2015	+0.97%	N/A
2014	+0.38%	N/A
2013	+0.15%	N/A
2012	+1.19%	N/A
2011	+1.90%	N/A
2010	+0.74%	N/A

SMMU vs AVES Drawdown Comparison

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

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

The current SMMU drawdown is -0.23%.

Rank	SMMU	AVES
#1	-5.09% Mar 9, 2020 - Jun 4, 2020	-27.41% Jan 12, 2022 - Apr 8, 2024
#2	-4.76% Aug 3, 2021 - Nov 22, 2023	-18.49% Oct 2, 2024 - Jun 4, 2025
#3	-3.53% Aug 31, 2016 - Apr 21, 2017	-12.90% Feb 25, 2026 - May 6, 2026
#4	-1.95% Apr 4, 2025 - Jun 5, 2025	-8.51% Jul 12, 2024 - Sep 24, 2024
#5	-1.87% Apr 19, 2013 - Feb 28, 2014	-5.43% Oct 25, 2021 - Jan 11, 2022
#6	-1.43% Sep 29, 2010 - May 16, 2011	-4.76% Apr 9, 2024 - May 2, 2024
#7	-1.31% Sep 5, 2017 - Jul 23, 2018	-4.68% May 17, 2024 - Jul 11, 2024
#8	-1.04% Oct 2, 2024 - Dec 3, 2024	-4.55% Sep 17, 2025 - Oct 23, 2025
#9	-1.04% Jun 6, 2017 - Aug 21, 2017	-3.87% Nov 12, 2025 - Dec 22, 2025
#10	-0.98% Dec 6, 2024 - Feb 4, 2025	-3.72% Jul 23, 2025 - Aug 13, 2025
#11	-0.84% Aug 19, 2019 - Dec 13, 2019	-2.63% Jun 12, 2025 - Jun 24, 2025
#12	-0.78% Sep 10, 2018 - Dec 6, 2018	-2.40% Jan 28, 2026 - Feb 9, 2026
#13	-0.77% Feb 27, 2026 - Mar 24, 2026	-2.21% Oct 27, 2025 - Nov 10, 2025
#14	-0.71% Aug 3, 2011 - Aug 18, 2011	-1.92% Oct 1, 2021 - Oct 14, 2021
#15	-0.68% Mar 13, 2024 - May 15, 2024	-1.85% Aug 22, 2025 - Sep 8, 2025

Correlation

Correlation between SMMU and AVES is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2010 - 2026)

SMMU vs AVES dividend yield comparison.

Year	SMMU	AVES
2026	0.91%	0.10%
2025	2.80%	3.17%
2024	3.03%	4.09%
2023	2.79%	3.96%
2022	1.37%	3.70%
2021	0.60%	0.62%
2020	1.19%	0.00%
2019	1.82%	0.00%
2018	1.57%	0.00%
2017	1.41%	0.00%
2016	1.03%	0.00%
2015	0.89%	0.00%
2014	0.67%	0.00%
2013	0.50%	0.00%
2012	1.05%	0.00%
2011	1.04%	0.00%
2010	1.05%	0.00%