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AVXC vs RNEM

Avantis Emerging Markets ex-China Equity ETF

AVXCANasdaq

First Trust Emerging Markets Equity Select ETF

RNEMCNasdaq

Overlap

Expense ratio

AVXC −0.42pt a year

AVXC0.33%RNEM0.75%

Avg volume · 30D

AVXC 28.2×the volume

AVXC42.9KRNEM1.52K

AVXC vs RNEM Performance

Oct 31, 2025 – Oct 30, 2026

+22.4%AVXC+4.1%RNEM

Oct 31, 2025 to Oct 30, 2026. AVXC +22.4%. RNEM +4.1%. Use the arrow keys to read each point.10%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
AVXC 0.33%, better
RNEM 0.75%
Fund size
AVXC $427M
RNEM $17M
1Y total return
AVXC +22.4%, better
RNEM +4.1%
Yield (12M)
AVXC 2.39%, better
RNEM 2.37%
Holdings
AVXC 2922
RNEM 280
Avg volume (30D)
AVXC 42.9K sh, better
RNEM 1.52K sh
NAV per share
AVXC $74.83
RNEM $55.47
52W range

ETF.net Grade

AVXC: Cost 94, Risk 48, Mission not scored, Tradability 85, Holdings 81, Durability 68. RNEM: Cost 25, Risk 63, Mission not scored, Tradability 43, Holdings 74, Durability 55.
Pillar letters and Scores for AVXC, RNEM, with each pillar’s weight
PillarAVXCRNEM
Cost30% weightA94HigherD25
Mission25% weightNot scoredNot scored
Risk15% weightC48B63Higher
Tradability15% weightA85HigherC43
Holdings10% weightA81HigherA74
Durability5% weightB68HigherB55

Rank among Emerging Markets Active Equity funds

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

Same Category. AVXC and RNEM are both graded against the same 27 Emerging Markets Active Equity funds, so their Grades compare head to head.

See all 27 ›

AVXC ranks 3rd and RNEM 17th of 27 funds in the Emerging Markets Active Equity Category.

  1. Rank 1AAVEMAvantis Emerging Markets Equity ETFScore 86
  2. Rank 2AJEMAJPMorgan ActiveBuilders Emerging Markets Equity ETFScore 82
  3. Rank 3AAVSEAvantis Responsible Emerging Markets Equity ETFScore 79
  4. Rank 3AAVXCAvantis Emerging Markets ex-China Equity ETFScore 79
  5. Rank 3ADFEMDimensional Emerging Markets Core Equity 2 ETFScore 79
  6. Rank 16CEMESHarbor Emerging Markets Select ETF (EMES)Score 46
  7. Rank 17CRNEMFirst Trust Emerging Markets Equity Select ETFScore 44
  8. Rank 18CVEMVirtus Emerging Markets Dividend ETFScore 43

Our read on each fund

ETF.net Research

AVXCAAvantis Emerging Markets ex-China Equity ETF

RNEMCFirst Trust Emerging Markets Equity Select ETF

In short

AVXC The 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.

RNEM The calm corner of emerging markets: a Nasdaq-calculated index picks the 25 lowest-volatility stocks in each EM country, then modified-equal-weights them. Fee is 0.75%, with no waiver.

Stated mandate

AVXC 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.

RNEM The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq Riskalyze Emerging MarketsTM Index. It normally invests at least 90% of assets in the common stocks and depositary receipts included in that index.

Why people hold it

  • AVXC 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.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.
  • RNEM Rather than cap-weighting EM megacaps, the index screens each country for its 25 steadiest names by trailing 12-month volatility, then rebalances twice a year.sec.govftportfolios.com
  • Spreads the money wide: roughly 300 stocks, at least 90% of assets in index names and depositary receipts, with cash paid out quarterly.
  • The index was built by Riskalyze, the firm behind the risk-scoring software advisors run on client portfolios, and is calculated by Nasdaq. RNEM is the only ETF linked to it.sec.govnasdaqomx.com

Worth knowing

  • AVXC 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.
  • RNEM At 0.75% with no fee waiver, it sits above the emerging-markets category median and well above peers like AVEM and JEMA at 0.33%. The volatility screen is what you pay up for.
  • A small fund that trades lightly next to the category's index giants, so bid-ask spreads can run wider.
  • Country lines come from Nasdaq's own emerging-markets classification, so the country mix can differ from MSCI-based rivals; overall it lands in the lower half of its peer group.sec.gov

Full AVXC profile⁠

Full RNEM profile⁠

AVXC vs RNEM 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.

AVXC vs RNEM Cost

Overpaying RNEM vs AVXC

$7,745

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

  • AVXC 0.33%

    $6,737

  • RNEM 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AVXC 0.33%
  • RNEM 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530RNEM $14,482AVXC $6,737

Year by year

YearAVXCRNEMOverpaying
10$598$1,336$738
20$2,318$5,078$2,760
30$6,737$14,482$7,745

Expense ratio

  • 0.33%AVXC, cheaper
  • 0.75%RNEM
  • Middle half of Emerging Markets Active Equity funds
  • Median 0.65%

AVXC cheapest of 27 funds

RNEM 20th cheapest of 27 funds

AVXC vs RNEM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVXC 2.39%, better
RNEM 2.37%
Payout (12M)
AVXC $1.79
RNEM $1.32
Last payment
AVXC $0.45
RNEM $0.63
Ex-dividend
AVXC Sep 8, 2026
RNEM Sep 24, 2026
Paid on
AVXC Sep 10, 2026
RNEM Sep 30, 2026
Frequency
AVXC Quarterly
RNEM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AVXCQuarterly · 7 paymentsAll AVXC payments⁠
One bar per payment. 7 payments from 2017 to 2026 YTD. Jun 24, 2024 $0.28; Dec 17, 2024 $0.39; Jun 24, 2025 $0.38; Dec 16, 2025 $0.88; Mar 10, 2026 $0.02; Jun 9, 2026 $0.44; Sep 8, 2026 $0.45. Use the arrow keys to read each point.$0$12017202020232026YTD
RNEMQuarterly · 30 paymentsAll RNEM payments⁠
One bar per payment. 30 payments from 2017 to 2026 YTD. Sep 21, 2017 $0.57; Dec 21, 2017 $0.68; Mar 22, 2018 $0.0068; Jun 21, 2018 $0.44; Sep 14, 2018 $0.80; Dec 18, 2018 $0.12; Mar 21, 2019 $0.16; Jun 14, 2019 $0.20; Sep 25, 2019 $1.03; Dec 13, 2019 $0.10; Mar 26, 2020 $0.03; Jun 25, 2020 $0.27; Sep 24, 2020 $0.77; Dec 24, 2020 $0.33; Jun 24, 2021 $0.69; Sep 23, 2021 $0.84; Jun 24, 2022 $0.32; Sep 23, 2022 $0.90; Dec 23, 2022 $0.05; Jun 27, 2023 $0.17; Sep 22, 2023 $0.60; Dec 22, 2023 $0.06; Jun 27, 2024 $0.14; Sep 26, 2024 $0.57; Dec 13, 2024 $0.98; Jun 26, 2025 $0.56; Sep 25, 2025 $0.63; Dec 12, 2025 $0.33; Jun 25, 2026 $0.35; Sep 24, 2026 $0.63. Use the arrow keys to read each point.$0$12017202020232026YTD

AVXC vs RNEM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVXC 19.2%since Apr 2024RNEM 9.8%
Return per unit of riskSharpe ratio, 3 years
AVXC 0.76since Apr 2024RNEM 0.48
Worst fallMax drawdown, 5 years
AVXC −20.4%since Mar 2024RNEM −21.4%
Market sensitivityBeta, 5 years
AVXC 0.93RNEM 0.61

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