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ETFs

Avantis Emerging Markets Equity ETF

AVEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2019
Expense Ratio
0.33%
Type
Global Ex. US Equities
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$12,390,901
AUM
$3,794,051,437
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TSM
Taiwan Semiconductor Manufacturing - ADR
3.64%
SMSN.LON.GBP
Samsung Electronics Co., Ltd. Sponsored GDR
2.70%
700
Tencent Holdings Ltd.
2.17%
BABA
Alibaba Group Holding Ltd - ADR
2.03%
NTES
NetEase Inc - ADR
0.88%
RIGD.LON.GBP
Reliance Industries Limited Sponsored GDR 144A
0.87%
939
China Construction Bank Corp. - Ordinary Shares - Class H
0.86%
000660
SK Hynix Inc
0.80%
INFY
Infosys Ltd - ADR
0.72%
2318
Ping AN Insurance (Group) Co. of China, Ltd. - Ordinary Shares - Class H
0.71%
Invest with AVEM

What is AVEM?

The fund seeks long-term capital appreciation. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of large companies with lower levels of profitability and higher prices relative to their book values or other financial metrics. To identify small capitalization, high profitability, or value companies, the portfolio managers may use reported and estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows, revenue, expenses, accruals and income. Value companies may be defined as those with lower price relative to book value ratio or other fundamental value. High profitability companies may be defined as those with higher cash based operating profitability. The portfolio managers may also consider other factors when selecting a security including, industry classification, the past performance of the security relative to other securities, its liquidity, its float, and tax, governance or cost considerations, among others. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

ETFs related toAVEM

ETFs correlated to AVEM include DFAE, IEMG, DFEM

AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
ESGE
iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF
XSOE
WisdomTree Trust - WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAVEM

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AVEM using Composer

FAQ

AVEM is a Global Ex. US Equities ETF. The fund seeks long-term capital appreciation. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of large companies with lower levels of profitability and higher prices relative to their book values or other financial metrics. To identify small capitalization, high profitability, or value companies, the portfolio managers may use reported and estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows, revenue, expenses, accruals and income. Value companies may be defined as those with lower price relative to book value ratio or other fundamental value. High profitability companies may be defined as those with higher cash based operating profitability. The portfolio managers may also consider other factors when selecting a security including, industry classification, the past performance of the security relative to other securities, its liquidity, its float, and tax, governance or cost considerations, among others. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Yes, AVEM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AVEM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AVEM is -0.0039%. This is the percent change in the value of AVEM over the most recent 1-month period. The 3-month return on AVEM is -0.0026%. This is the percent change in the value of AVEM over the most recent 3-month period.

The standard deviation of AVEM for the past year is 0.18%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AVEM include EZU, VEA, and EFA.

ETFs correlated to AVEM include DFAE, IEMG, and DFEM.

ETFs that are inversely correlated to AVEM include EDZ, YANG, and EFZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.