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ETFs

Avantis Emerging Markets Value ETF

AVES
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 28, 2021
Expense Ratio
0.36%
Type
Global Ex. US Equities
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$897,959
AUM
$293,569,236
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PKX
POSCO Holdings Inc - ADR
1.31%
500510
Larsen & Toubro Ltd.
1.14%
000660
SK Hynix Inc
0.99%
ZTO
ZTO Express (Cayman) Inc - ADR
0.97%
NTES
NetEase Inc - ADR
0.93%
005380
Hyundai Motor
0.83%
KB
KB Financial Group Inc - ADR
0.83%
GFNORTEO
Grupo Financiero Banorte - Ordinary Shares - Class O
0.76%
000270
Kia Corporation
0.74%
2313
Shenzhou International Group Hldgs
0.71%
Invest with AVES
Trade AVES Options

What is AVES?

Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries. The fund considers an emerging market country to be any country other than a developed country. However, the fund generally intends to focus its investments in a subset of the emerging markets countries that comprise the MSCI Emerging Markets Value IMI Index. The countries comprising the index will change from time to time, but as of July 30, 2021 include: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. In determining which of these countries to invest in, the portfolio managers consider the costs and benefits of investing in a particular country, including the size of the market and liquidity. To determine whether a company is related to an emerging market country, the portfolio managers will consider various factors, including where the company is headquartered, where the company s principal operations are located, where a majority of the company s revenues are derived, where the principal trading market is located, the country in which the company was legally organized, and whether the company is in the fund s benchmark the MSCI Emerging Markets Value IMI Index. The weight given to each of these factors will vary depending on the circumstances in a given case. The fund may invest in securities that are denominated in foreign currencies and may also invest in foreign securities that are represented in the U.S. and other securities markets by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other similar depositary arrangements.

1M
3M
6M
YTD
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Max
www.composer.trade

AVES
Performance Measures**

for the time period Sep 30, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 1.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -27.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 16.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.50

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.26

The annualized return divided by the max drawdown for the selected time period.

ETFs related toAVES

ETFs correlated to AVES include AVEM, DFEM, DFEV

AVES
American Century ETF Trust - Avantis Emerging Markets Value ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets 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.

FAQ

AVES is a Global Ex. US Equities ETF. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries. The fund considers an emerging market country to be any country other than a developed country. However, the fund generally intends to focus its investments in a subset of the emerging markets countries that comprise the MSCI Emerging Markets Value IMI Index. The countries comprising the index will change from time to time, but as of July 30, 2021 include: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. In determining which of these countries to invest in, the portfolio managers consider the costs and benefits of investing in a particular country, including the size of the market and liquidity. To determine whether a company is related to an emerging market country, the portfolio managers will consider various factors, including where the company is headquartered, where the company s principal operations are located, where a majority of the company s revenues are derived, where the principal trading market is located, the country in which the company was legally organized, and whether the company is in the fund s benchmark the MSCI Emerging Markets Value IMI Index. The weight given to each of these factors will vary depending on the circumstances in a given case. The fund may invest in securities that are denominated in foreign currencies and may also invest in foreign securities that are represented in the U.S. and other securities markets by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other similar depositary arrangements.

Yes, AVES 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, AVES 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 AVES is 0.0046%. This is the percent change in the value of AVES over the most recent 1-month period. The 3-month return on AVES is 0.0076%. This is the percent change in the value of AVES over the most recent 3-month period.

The standard deviation of AVES for the past year is 0.1716%. 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 AVES include DGS, DFIV, and DXJ.

ETFs correlated to AVES include AVEM, DFEM, and DFEV.

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

Disclaimers

*

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.