Avantis Emerging Markets ex-China Equity ETF
$81.05−0.41 (−0.50%)
- 0.33%
- $469M
- +41.2%
- 2.19%
- 0M sh
- $82.23
- low $59.93high $88.77
The ETF.net AVXC Grade
A
Score 79 out of 100
- 3 of 28
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A94 out of 100Rank 1 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 18 of 28Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 2 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 5 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 8 of 28
Our read on AVXC
AThe China question, answered by subtraction. Avantis runs its usual emerging-markets playbook (roughly 2,800 stocks of every size, tilted toward the cheap and the profitable) with China left out entirely, for 0.33% a year.
The fund invests in a broad set of companies across emerging-market countries, excluding China, and spanning all market capitalizations. It seeks higher expected returns by overweighting securities with lower valuations and higher profitability ratios.
Why people hold it
- 0.33% a year, about half the typical fee among active EM funds, and the ex-China carve-out costs no more than Avantis charges on its with-China flagship, AVEM.
- Roughly 2,800 holdings spanning all market-cap sizes, so removing China doesn't turn the fund into a concentrated bet on a few large markets.res.avantisinvestors.com
- Actively run against MSCI Emerging Markets IMI rather than tracking it: the mandate overweights lower-valuation, higher-profitability companies.
- One of the stronger builds in the active emerging-markets group we review, on cost and portfolio construction alike.
Worth knowing
- Thinly traded next to the giants of the category, so spreads and limit orders matter more on the way in and the way out.
- Launched in 2024, so the live record is short and the risk picture is still forming.
- Leaving China out is a real departure from standard EM exposure, and the value and small-cap tilts add more distance from a plain cap-weighted index.
AVXC Holdings
- Stocks
- 2,917
- 29%
- TSM
Sectors
- Technology39.0%
- Financials21.3%
- Industrials9.0%
- Materials6.9%
- Consumer Discretionary6.0%
- Energy4.6%
- Communication3.6%
- Consumer Staples3.0%
- Utilities2.5%
- Health Care2.4%
- Real Estate1.6%
Geography
- Taiwan28.65%
- South Korea25.17%
- India15.63%
- Brazil6.60%
- South Africa4.09%
- Saudi Arabia3.36%
- Mexico2.29%
- Thailand1.77%
- 12.44%
Developed 0% · Emerging 100%
AVXC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
AVXC$14,124
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AVXC |
|---|---|
| Year to date | +29.2% |
| 1 month | −3.0% |
| 3 months | −1.2% |
| 1 year | +41.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AVXC |
|---|---|---|
| 2026 YTD | +29.2% | |
| 2025 | +31.5% | |
| 2024 | −0.8% |
AVXC in the news
AVXC Dividends
- 2.19%
- $1.79
- $0.45 per share
- Quarterly
Distribution history
AVXC Risk
- 18.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.03
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AVXC Cost
0.33%
AVXC0.33%
- The middle half of Emerging Markets Active Equity funds
- Median 0.65%
No Emerging Markets Active Equity fund charges less.
Other funds in Emerging Markets Active Equity
- AJEMAJPMorgan ActiveBuilders Emerging Markets Equity ETFExpense ratio 0.33%1 year return +37.2%
- AAVSEAvantis Responsible Emerging Markets Equity ETFExpense ratio 0.33%1 year return +31.0%
- ADFEMDimensional - Emerging Markets Core Equity 2 ETFExpense ratio 0.39%1 year return +29.5%
- AAVEEAvantis Emerging Markets Small Cap Equity ETFExpense ratio 0.42%1 year return +15.8%
- BFEMRFidelity Covington Trust - Fidelity Enhanced Emerging Markets ETFExpense ratio 0.38%1 year return +36.8%