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AVES vs DFEV

Avantis Emerging Markets Value ETF

AVESANYSE Arca

Dimensional Emerging Markets Value ETF

DFEVBNYSE Arca

Overlap

Expense ratio

AVES −0.07pt a year

AVES0.36%DFEV0.43%

Avg volume · 30D

DFEV 2.9×the volume

AVES98.2KDFEV284K

3Y return · a year

DFEV +6.2pt

AVES+17.7%DFEV+23.9%

AVES vs DFEV Performance

Oct 31, 2025 – Oct 30, 2026

+7.8%AVES+21.7%DFEV

Oct 31, 2025 to Oct 30, 2026. AVES +7.8%. DFEV +21.7%. Use the arrow keys to read each point.0%30%Oct 2025Apr 2026Oct 2026
Expense ratio
AVES 0.36%, better
DFEV 0.43%
Fund size
AVES $1.45B
DFEV $2.14B
1Y total return
AVES +7.8%
DFEV +21.7%, better
Yield (12M)
AVES 3.69%, better
DFEV 2.25%
Holdings
AVES 1998
DFEV 3533
Avg volume (30D)
AVES 98.2K sh
DFEV 284K sh, better
NAV per share
AVES $60.00
DFEV $39.73
52W range

ETF.net Grade

AVES: Cost 68, Risk 52, Mission not scored, Tradability 92, Holdings 88, Durability 57. DFEV: Cost 53, Risk 56, Mission not scored, Tradability 82, Holdings 73, Durability 70.
Pillar letters and Scores for AVES, DFEV, with each pillar’s weight
PillarAVESDFEV
Cost30% weightB68HigherC53
Mission25% weightNot scoredNot scored
Risk15% weightC52B56Higher
Tradability15% weightA92HigherA82
Holdings10% weightA88HigherA73
Durability5% weightB57A70Higher

Rank among Emerging Markets Multifactor funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVES and DFEV are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

See all 20 ›

AVES ranks 2nd and DFEV 5th of 20 funds in the Emerging Markets Multifactor Category.

  1. Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 76
  2. Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
  3. Rank 3AFDEMFidelity Emerging Markets Multifactor ETFScore 70
  4. Rank 4BQEMMState Street SPDR MSCI Emerging Markets StrategicFactors ETFScore 64
  5. Rank 5BDFEVDimensional Emerging Markets Value ETFScore 63
  6. Rank 6BJPEMJPMorgan Diversified Return Emerging Markets Equity ETFScore 62

Our read on each fund

ETF.net Research

AVESAAvantis Emerging Markets Value ETF

DFEVBDimensional Emerging Markets Value ETF

In short

AVES Avantis starts with the emerging markets universe and tilts it: cheap valuations, profitable companies, roughly 1,800 names from megacaps down to small caps. Broad EM exposure with a deliberate value-and-quality slant, priced under the typical multifactor rival.

DFEV Dimensional's value take on emerging markets: roughly 3,200 cheap stocks spread across countries and sectors, picked actively rather than copied from an index. Fee is 0.43% net of a waiver through February 28, 2027.

Stated mandate

AVES The fund seeks long-term capital appreciation.

DFEV The ETF seeks long-term capital appreciation. It uses an integrated, actively managed approach to invest in emerging-market equity securities selected for value characteristics while diversifying across countries, sectors, and companies.

Why people hold it

  • AVES Charges 0.36% a year, below the 0.48% median for emerging markets multifactor funds. EM is where fee gaps usually run widest.
  • Two screens, not one: it tilts toward cheap valuations and toward high profitability, so the deep-value bucket gets a quality filter on the way in.avantisinvestors.com
  • Roughly 1,800 holdings across the MSCI Emerging Markets IMI Value opportunity set, meaning small caps ride along rather than getting screened out.
  • Portfolio build sits in the top quartile of its EM multifactor peer group in our review, and the fund is a multi-billion-dollar, regularly traded name.
  • DFEV Roughly 3,200 holdings across emerging-market countries, sectors and companies, so no single stock or country steers the whole portfolio.
  • Active by design: the team buys stocks it judges to be low relative price, instead of waiting on an index committee's reset calendar.
  • Since its 2022 launch it has grown into a multi-billion-dollar fund that trades at moderate volume, and it pays shareholders quarterly.
  • One of the stronger implementations in the emerging-market factor peer group, which is crowded with funds chasing the same cheap-stock premium.

Worth knowing

  • AVES Value in emerging markets means leaning into cheaper, cyclical corners of the market, plus currency swings. A bumpier ride than a plain broad EM index.
  • Cost is not the floor here: peer EMGF runs a multifactor EM portfolio for 0.26%, ten basis points less.
  • Launched in 2021, so its live record is shorter than the older EM factor funds it lines up against.
  • DFEV 0.43% net of a waiver through February 28, 2027 (0.46% gross) sits near the category median, but above factor rivals AVES at 0.36% and EMGF at 0.26%.
  • The value tilt is the whole point, which means the portfolio can look and behave very differently from a standard emerging-markets index.
  • Emerging-market equity carries currency, political and liquidity risk; wide diversification spreads single-name risk, not the asset class's own.

Full AVES profile⁠

Full DFEV profile⁠

AVES vs DFEV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVES vs DFEV Cost

Overpaying DFEV vs AVES

$1,342

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AVES 0.36%

    $7,320

  • DFEV 0.43%

    $8,662

$10,000
30 years

Cost over time

  • AVES 0.36%
  • DFEV 0.43%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DFEV $8,662AVES $7,320

Year by year

YearAVESDFEVOverpaying
10$652$776$124
20$2,522$2,994$472
30$7,320$8,662$1,342

Expense ratio

  • 0.36%AVES, cheaper
  • 0.43%DFEV
  • Middle half of Emerging Markets Multifactor funds
  • Median 0.44%

AVES 8th cheapest of 20 funds

DFEV 9th cheapest of 20 funds

AVES vs DFEV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVES 3.69%, better
DFEV 2.25%
Payout (12M)
AVES $2.23
DFEV $0.89
Last payment
AVES $0.62
DFEV $0.42
Ex-dividend
AVES Sep 8, 2026
DFEV Sep 22, 2026
Paid on
AVES Sep 10, 2026
DFEV Sep 24, 2026
Frequency
AVES Quarterly
DFEV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AVESQuarterly · 12 paymentsAll AVES payments⁠
One bar per payment. 12 payments from 2021 to 2026 YTD. Dec 16, 2021 $0.32; Jun 21, 2022 $0.48; Dec 15, 2022 $1.03; Jun 20, 2023 $0.49; Dec 18, 2023 $1.33; Jun 24, 2024 $0.48; Dec 17, 2024 $1.41; Jun 24, 2025 $0.74; Dec 16, 2025 $1.10; Mar 10, 2026 $0.07; Jun 9, 2026 $0.44; Sep 8, 2026 $0.62. Use the arrow keys to read each point.$0$120232026YTD
DFEVQuarterly · 17 paymentsAll DFEV payments⁠
One bar per payment. 17 payments from 2021 to 2026 YTD. Jun 22, 2022 $0.13; Sep 20, 2022 $0.42; Dec 20, 2022 $0.21; Jun 21, 2023 $0.21; Sep 19, 2023 $0.52; Dec 19, 2023 $0.15; Mar 19, 2024 $0.03; Jun 18, 2024 $0.20; Sep 17, 2024 $0.38; Dec 17, 2024 $0.22; Mar 25, 2025 $0.06; Jun 24, 2025 $0.27; Sep 23, 2025 $0.39; Dec 16, 2025 $0.20; Mar 24, 2026 $0.03; Jun 23, 2026 $0.24; Sep 22, 2026 $0.42. Use the arrow keys to read each point.$0$120232026YTD

AVES vs DFEV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVES 14.7%, betterDFEV 15.3%
Return per unit of riskSharpe ratio, 3 years
AVES 0.88DFEV 1.19, better
Worst fallMax drawdown, 5 years
AVES −27.4%DFEV −18.5%since Apr 2022
Market sensitivityBeta, 5 years
AVES 0.98DFEV 1.06

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