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Data as of Oct 28, 2026.

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AVEM vs IEMG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVEM returned +17.9% to IEMG's +15.3%; 13% of their weight is in the same names.

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Net assets on Oct 27, 2026: $27.3bn for Avantis Emerging Markets Equity ETF and $150.4bn for iShares Core MSCI Emerging Markets ETF.

AVEM on its own →IEMG on its own →
At a glance
+17.9%
AVEM total return, 1 year
+15.3%
IEMG total return, 1 year
0.33%
AVEM expense ratio
0.09%
IEMG expense ratio

Pair scorecard

IEMG costs 0.24 points a year less; their one-year returns differ by 2.6 points; IEMG is 5.5 times larger.

AVEM vs IEMG: Differences, Returns & Fees
MeasureAVEMIEMG
Return
Total return, 1 year+17.9%+15.3%
Drawdown
Below its high10.2%, high on Jun 22, 202610.1%, high on Jun 22, 2026
Benchmark
What it tracksNo index, actively managedMSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Expense ratio0.33%0.09%
Net assets, as of Oct 27, 2026$27.3bn$150.4bn
Holdings
Holdings in common13%
Top ten holdings, share of the fund28.7%32.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Sep 27, 2019 to Oct 23, 2026 · 369 weekly returns
AVEM IEMG
Return
Total return edge AVEM +113.9% +88.9%
Annualized edge AVEM +11.3% +9.4%
Price return edge AVEM +79.6% +55.1%
Risk
Volatility edge Tie 19.6% 19.4%
Max drawdown edge AVEM (slight) −34.8% −36.5%
Risk-adjusted
Sharpe edge AVEM 0.50 0.41
Sortino edge AVEM 0.70 0.58
Calmar edge AVEM 0.32 0.26
Reading

AVEM returned more: +113.9% to +88.9%. AVEM and IEMG swung about the same: 19.6% and 19.4%. AVEM fell slightly less at its worst: −34.8% to −36.5%.

Full scorecard

9 measures, with how each is measured Open ↓
Risk and return: AVEM vs IEMG: Differences, Returns & Fees
MeasureAVEMIEMGEdgeHow it is measured
Return
Total return+113.9%+88.9%AVEMPrice change plus distributions, reinvested.
Annualized+11.3%+9.4%AVEMTotal return as a yearly rate.
Price return+79.6%+55.1%AVEMPrice change alone, distributions left out.
Risk
Volatility19.6%19.4%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.1%13.9%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−34.8%−36.5%AVEM (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.500.41AVEMReturn above Treasury bills per unit of volatility.
Sortino0.700.58AVEMReturn above Treasury bills per unit of downside deviation.
Calmar0.320.26AVEMAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 369 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

13%

By the books each fund has filed, AVEM and IEMG hold 13% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

13% in common

Positions both hold · largest shared weight first AVEM IEMG
ASE TECHNOLOGY HOLDING ADR ADR 0.56% 0.52%
ICICI BANK LTD SPON ADR ADR 0.50% 0.60%
PDD HOLDINGS INC ADR USD.00002 0.47% 0.31%
KB FINANCIAL GROUP INC ADR ADR 0.50% 0.29%
INFOSYS LTD SP ADR ADR 0.28% 0.29%
ANGLOGOLD ASHANTI PLC COMMON STOCK 0.27% 0.33%
SAUDI ARABIAN OIL CO COMMON STOCK 0.27% 0.32%
GOLD FIELDS LTD SPONS ADR ADR 0.25% 0.24%
OTP BANK PLC COMMON STOCK HUF100.0 0.21% 0.21%
SHINHAN FINANCIAL GROUP ADR ADR 0.36% 0.21%
LARSEN + TOUBRO LTD COMMON STOCK INR2.0 0.23% 0.20%
CREDICORP LTD COMMON STOCK USD5.0 0.22% 0.19%
Only in one fund ↓
Only in AVEM
TAIWAN SEMICONDUCTOR SP ADR ADR 6.82%
TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 6.09%
SAMSUNG ELECTR GDR REG S GDR 5.35%
SK HYNIX INC COMMON STOCK KRW5000.0 4.89%
TENCENT HOLDINGS LTD COMMON STOCK HKD.00002 1.49%
CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.0 1.02%
MEDIATEK INC COMMON STOCK TWD10.0 0.96%
HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.0 0.73%
Only in IEMG
TAIWAN SEMICONDUCTOR MANUFACTURING 14.03%
SAMSUNG ELECTRONICS LTD 6.05%
SK HYNIX 4.31%
TENCENT HOLDINGS 2.32%
ALIBABA GROUP HOLDING 1.60%
MEDIATEK 1.36%
CHINA CONSTRUCTION BANK CORP H 0.83%
SAMSUNG ELECTRONICS NON VOTING PRE 0.80%
Check overlap with more funds →

Side by side

AVEM Avantis Emerging Markets Equity ETF IEMG iShares Core MSCI Emerging Markets ETF
Where it sits Stock ETF Stock ETF
Issuer Avantis iShares
What it is Actively managed Tracks the MSCI Emerging Markets
Total return, 1 year +17.9% +15.3%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured −1.0 pts vs EEM
Expense ratio 0.33% 0.09%
Already in the S&P 500 0.0% 0.0%
Holdings 4088 2857
Net assets, as of Oct 27, 2026 $27.3bn $150.4bn

AVEM and IEMG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-B8955B9914

AVEM and IEMG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. AVEM follows No index, actively managed and IEMG follows MSCI Emerging Markets Investable Market Index (IMI).
  2. Holdings in common. 13% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and IEMG +15.3% with distributions reinvested, a gap of 2.6 points.

Data as of Oct 28, 2026.

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About each fund
AVEM

AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AVEM or IEMG?
In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and IEMG +15.3%.
Which is cheaper, AVEM or IEMG?
IEMG is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVEM and IEMG overlap with the S&P 500?
By their latest filed holdings, 0% of AVEM and 0% of IEMG by weight is stocks the S&P 500 already holds.
Other comparisons
AVEM vs VWOAVEM vs GEMAVEM vs DVYEAVEM vs JHEMEMXC vs IEMGEEM vs IEMGIEMG vs SCHEFNDE vs IEMG
Where to next
AVEM on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →AVEM dividend history →AVEM holdings →IEMG dividend history →IEMG holdings →Standards and sources →
Sources and dates
AVEM filings on SEC EDGAR ↗
AVEM prospectus with the expense ratio (SEC) ↗
Avantis website ↗
IEMG filings on SEC EDGAR ↗
IEMG prospectus with the expense ratio (SEC) ↗
iShares page for IEMG ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVEM against IEMG, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-iemg

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.