AVES ranks 2nd and FEMS 17th of 20 funds in the Emerging Markets Multifactor Category.
AVES vs FEMS
AVES −0.44pt a year
0.36%0.80%
AVES 2.6×the volume
98.2K37.9K
AVES +3.7pt
+7.6%+3.9%
AVES vs FEMS Performance
+44.1%+21.3%
- AVES 0.36%, better
- FEMS 0.80%
- AVES $1.45B
- FEMS $195M
- AVES +7.7%, better
- FEMS −2.7%
- AVES 3.70%
- FEMS 4.55%, better
- AVES 1997
- FEMS 211
- AVES 98.2K sh, better
- FEMS 37.9K sh
- AVES $60.00
- FEMS $39.84
ETF.net Grade
| Pillar | AVES | FEMS |
|---|---|---|
| Cost | B68Higher | F3 |
| Mission | ||
| Risk | C52Higher | F24 |
| Tradability | A92Higher | B65 |
| Holdings | A88Higher | A74 |
| Durability | B57 | B67Higher |
Rank among Emerging Markets Multifactor funds
Same Category. AVES and FEMS are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.
Our read on each fund
AVESA
FEMSD
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.
FEMS Emerging market small caps, chosen by First Trust's AlphaDEX growth-and-value rules instead of ranked by size. A narrow, off-the-beaten-path slice of EM that has been running since 2012.
Stated mandate
AVES The fund seeks long-term capital appreciation.
FEMS The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX® Emerging Markets Small CapTM Index.
Why people hold it
Worth knowing
AVES vs FEMS 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 FEMS Cost
Overpaying FEMS vs AVES
$8,026
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
AVES 0.36%
$7,320
FEMS 0.80%
$15,346
Cost over time
Year by year
| Year | AVES | FEMS | Overpaying |
|---|---|---|---|
| 10 | $652 | $1,422 | $770 |
| 20 | $2,522 | $5,393 | $2,871 |
| 30 | $7,320 | $15,346 | $8,026 |
- 0.36%AVES, cheaper
- 0.80%FEMS
- Middle half of Emerging Markets Multifactor funds
- Median 0.44%
AVES 8th cheapest of 20 funds
FEMS 19th cheapest of 20 funds
AVES vs FEMS Dividends
- AVES 3.70%
- FEMS 4.55%, better
- AVES $2.23
- FEMS $1.80
- AVES $0.62
- FEMS $0.40
- AVES Sep 8, 2026
- FEMS Sep 24, 2026
- AVES Sep 10, 2026
- FEMS Sep 30, 2026
- AVES Quarterly
- FEMS Quarterly
Distribution history
AVES vs FEMS Risk
Fall from peak · 5 years
- AVES
- FEMS
Risk facts
- Volatility
- AVES 14.7%FEMS 14.2%, better
- Return per unit of risk
- AVES 0.88, betterFEMS 0.29
- Worst fall
- AVES −27.4%FEMS −21.2%, better
- Market sensitivity
- AVES 0.98FEMS 0.61
Popular comparisons
- 0.36% · 0.26%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.80% · 0.26%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.36% · 0.25%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.80% · 0.25%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.36% · 0.30%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.80% · 0.30%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.