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AVES vs EMGF

Avantis Emerging Markets Value ETF

AVESANYSE Arca

iShares Emerging Markets Equity Factor ETF

EMGFACboe

Overlap

Expense ratio

EMGF −0.10pt a year

AVES0.36%EMGF0.26%

Avg volume · 30D

EMGF 1.6×the volume

AVES98.2KEMGF156K

5Y return · a year

EMGF +1.5pt

AVES+7.5%EMGF+9.0%

AVES vs EMGF Performance

Oct 29, 2021 – Oct 30, 2026

+43.3%AVES+53.9%EMGF

Oct 29, 2021 to Oct 30, 2026. AVES +43.3%. EMGF +53.9%. Use the arrow keys to read each point.−20%0%20%80%Oct 2021Apr 2024Oct 2026
Expense ratio
AVES 0.36%
EMGF 0.26%, better
Fund size
AVES $1.45B
EMGF $1.79B
1Y total return
AVES +7.8%
EMGF +14.5%, better
Yield (12M)
AVES 3.69%, better
EMGF 2.19%
Holdings
AVES 1998
EMGF 740
Avg volume (30D)
AVES 98.2K sh
EMGF 156K sh, better
NAV per share
AVES $60.00
EMGF $65.41
52W range

ETF.net Grade

AVES: Cost 68, Risk 52, Mission not scored, Tradability 92, Holdings 88, Durability 57. EMGF: Cost 92, Risk 43, Mission not scored, Tradability 94, Holdings 48, Durability 89.
Pillar letters and Scores for AVES, EMGF, with each pillar’s weight
PillarAVESEMGF
Cost30% weightB68A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherC43
Tradability15% weightA92A94Higher
Holdings10% weightA88HigherC48
Durability5% weightB57A89Higher

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 EMGF are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

See all 20 ›

EMGF ranks 1st and AVES 2nd 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

Our read on each fund

ETF.net Research

AVESAAvantis Emerging Markets Value ETF

EMGFAiShares Emerging Markets Equity Factor 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.

EMGF Emerging markets, sorted by factor screen instead of straight market cap. EMGF holds roughly 700 large- and mid-cap EM stocks picked for style-factor exposure, and charges 0.26% doing it, about half the multifactor EM norm.

Stated mandate

AVES The fund seeks long-term capital appreciation.

EMGF EMGF seeks to follow an index of large- and mid-capitalization emerging-market stocks selected for favorable exposure to specified style factors, subject to constraints.

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.
  • EMGF 0.26% a year, versus a 0.48% median across multifactor EM funds. It undercuts AVES, JPEM, ROAM and QEMM on fee.
  • Roughly 700 large- and mid-cap names, so the factor tilts sit on a broad base rather than a handful of concentrated bets.
  • Running since 2015 as a billion-dollar-plus iShares fund, with steady enough volume for routine retail orders.
  • On cost and ease of trading, one of the stronger builds in the multifactor emerging-markets group.

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.
  • EMGF Factor tilts mean the portfolio can drift well away from a plain cap-weighted EM index, in either direction, for long stretches.ishares.com
  • Emerging-market equity carries currency swings and country-level political risk on top of normal stock risk. Volatility here sits at the rougher end of its peer group.ishares.com
  • Distributions land annually or semiannually, not monthly, so it is not built as an income drip.

Full AVES profile⁠

Full EMGF profile⁠

AVES vs EMGF 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 EMGF Cost

Overpaying AVES vs EMGF

$1,962

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

  • AVES 0.36%

    $7,320

  • EMGF 0.26%

    $5,358

$10,000
30 years

Cost over time

  • AVES 0.36%
  • EMGF 0.26%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530AVES $7,320EMGF $5,358

Year by year

YearAVESEMGFOverpaying
10$652$473$179
20$2,522$1,838$684
30$7,320$5,358$1,962

Expense ratio

  • 0.36%AVES
  • 0.26%EMGF, cheaper
  • Middle half of Emerging Markets Multifactor funds
  • Median 0.44%

EMGF 3rd cheapest of 20 funds

AVES 8th cheapest of 20 funds

AVES vs EMGF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVES 3.69%, better
EMGF 2.19%
Payout (12M)
AVES $2.23
EMGF $1.44
Last payment
AVES $0.62
EMGF $0.61
Ex-dividend
AVES Sep 8, 2026
EMGF Jun 15, 2026
Paid on
AVES Sep 10, 2026
EMGF Jun 18, 2026
Frequency
AVES Quarterly
EMGF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

AVESQuarterly · 12 paymentsAll AVES payments⁠
One bar per payment. 12 payments from 2017 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$22017202020232026YTD
EMGFTwice a year · 21 paymentsAll EMGF payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.27; Dec 19, 2017 $0.66; Dec 28, 2017 $0.04; Jun 19, 2018 $0.32; Dec 18, 2018 $0.73; Jun 17, 2019 $0.45; Dec 16, 2019 $0.75; Jun 15, 2020 $0.41; Dec 14, 2020 $0.55; Jun 10, 2021 $0.34; Dec 13, 2021 $0.90; Dec 30, 2021 $0.03; Jun 9, 2022 $0.45; Dec 13, 2022 $1.21; Jun 7, 2023 $0.43; Dec 20, 2023 $2.11; Jun 11, 2024 $0.39; Dec 17, 2024 $1.16; Jun 16, 2025 $0.63; Dec 16, 2025 $0.83; Jun 15, 2026 $0.61. Use the arrow keys to read each point.$0$22017202020232026YTD

AVES vs EMGF Risk

Fall from peak · 5 years

  • AVES
  • EMGF
Oct 29, 2021 to Oct 30, 2026. Worst fall: AVES −27.4% · Oct 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
AVES 14.7%, betterEMGF 16.3%
Return per unit of riskSharpe ratio, 3 years
AVES 0.88EMGF 1.09, better
Worst fallMax drawdown, 5 years
AVES −27.4%EMGF −27.1%, better
Market sensitivityBeta, 5 years
AVES 0.98EMGF 1.02

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