AVEM vs JADE

AVEMAAvantis Emerging Markets Equity ETF

JADECJPMorgan Active Developing Markets Equity ETF

In short

AVEM Emerging markets taken whole: roughly 3,900 stocks, large down to small, with an active tilt toward cheaper and more profitable companies. Avantis charges about half the typical active EM fee to do it.

JADE JPMorgan's stock-picker take on emerging markets: analysts pick roughly 140 names, and country bets come second. Priced at the middle of the active EM ETF pack.

Stated mandate

AVEM Seeks long-term capital appreciation by investing in a broad range of companies across emerging-market countries and all market capitalizations.

JADE The fund seeks long-term capital appreciation through a portfolio of equities tied economically to developing markets. It uses active security selection, emphasizing growth and value companies and businesses with sustainable earnings and disciplined capital management.

Why people hold it

• AVEM Fee is 0.33% a year against a 0.65% median for active emerging-markets funds, so the active tilt starts from a low-cost base.
• Owns roughly 3,900 names across the MSCI Emerging Markets IMI universe, including small caps, rather than a short stock-picker's list.avantisinvestors.com
• Active, but rules-driven: the portfolio leans toward lower valuations and higher profitability instead of relying on manager hunches.
• Running since 2019 and now a multi-billion-dollar, actively traded fund. One of the strongest implementations in its emerging-markets peer group.

• JADE Bottom-up by design: security selection drives the portfolio, with country and sector calls secondary. Roughly 140 stocks, not a thousand-name index sleeve.prnewswire.com
• Runs 0.65%, dead-on the median for active EM equity ETFs. Active stock picking here does not carry an above-market toll.
• Managed by J.P. Morgan's Emerging Markets and Asia Pacific equity team, and measured against the MSCI Emerging Markets Index (net total return), the standard EM yardstick.prnewswire.com
• Lands in the upper half of our active EM equity group, with risk behavior that has been tamer than most of that cohort so far.

Worth knowing

• AVEM Emerging-market equity is a bumpy asset class, and returns arrive in dollars, so local currency swings add a second layer of movement.
• The value and profitability tilts are the whole point, which means the fund is built to drift from a plain market-cap EM index, sometimes for long stretches.
• No China carve-out: this one takes the full EM opportunity set. Avantis runs AVXC on the same approach for those who want it without China.

• JADE Cheaper cousins exist: sibling JEMA and Dimensional's DFEM buy EM equities for about half the fee, though they lean systematic rather than analyst-picked.
• Launched in 2024, still a small fund and thinly traded, so spreads can run wider than the giant EM index funds and the track record is short.
• Concentrated conviction cuts both ways: with about 140 holdings, results can drift meaningfully from MSCI EM in either direction. Distributions come once or twice a year.

Full AVEM profile⁠

Full JADE profile⁠