Which returned more over the last year, AVEM or IWO?

In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and IWO +7.9%.

Which is cheaper, AVEM or IWO?

IWO is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AVEM and IWO overlap with the S&P 500?

By their latest filed holdings, 0% of AVEM and 0% of IWO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AVEM vs IWO: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, AVEM returned +17.9% to IWO's +7.9%; 0% of their weight is in the same names.

askIQ about this page

askIQ about AVEM and IWO

Net assets on Oct 27, 2026: $27.3bn for Avantis Emerging Markets Equity ETF and $14.0bn for iShares Russell 2000 Growth ETF.

AVEM on its own →IWO on its own →

At a glance

+17.9%

AVEM total return, 1 year

+7.9%

IWO total return, 1 year

0.33%

AVEM expense ratio

0.24%

IWO expense ratio

Pair scorecard

IWO costs 0.09 points a year less; their one-year returns differ by 10.0 points; AVEM is 2.0 times larger.

AVEM vs IWO: Differences, Returns & Fees
Measure	AVEM	IWO
Return
Measure	AVEM	IWO
Total return, 1 year	+17.9%	+7.9%
Drawdown
Measure	AVEM	IWO
Below its high	10.2%, high on Jun 22, 2026	9.9%, high on Aug 14, 2026
Benchmark
Measure	AVEM	IWO
What it tracks	No index, actively managed	Russell 2000 Growth Index
Cost and size
Measure	AVEM	IWO
Expense ratio	0.33%	0.24%
Net assets, as of Oct 27, 2026	$27.3bn	$14.0bn
Holdings
Measure	AVEM	IWO
Holdings in common	0%
Top ten holdings, share of the fund	28.7%	6.4%

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

Risk and return

Sep 27, 2019 to Oct 23, 2026 · 369 weekly returns

AVEM IWO

Return

Total return edge AVEM +113.9% +87.9%

Annualized edge AVEM +11.3% +9.3%

Price return edge Tie +79.6% +79.9%

Risk

Volatility edge AVEM 19.6% 25.8%

Max drawdown edge AVEM −34.8% −40.5%

Risk-adjusted

Sharpe edge AVEM 0.50 0.36

Sortino edge AVEM 0.70 0.53

Calmar edge AVEM 0.32 0.23

Reading

AVEM returned more: +113.9% to +87.9%. AVEM swung less: 19.6% to 25.8%. AVEM fell less at its worst: −34.8% to −40.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AVEM vs IWO: Differences, Returns & Fees
Measure	AVEM	IWO	Edge	How it is measured
Return
Total return	+113.9%	+87.9%	AVEM	Price change plus distributions, reinvested.
Annualized	+11.3%	+9.3%	AVEM	Total return as a yearly rate.
Price return	+79.6%	+79.9%	Tie	Price change alone, distributions left out.
Risk
Volatility	19.6%	25.8%	AVEM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	17.8%	AVEM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−34.8%	−40.5%	AVEM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.50	0.36	AVEM	Return above Treasury bills per unit of volatility.
Sortino	0.70	0.53	AVEM	Return above Treasury bills per unit of downside deviation.
Calmar	0.32	0.23	AVEM	Annualized 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

By the books each fund has filed, AVEM and IWO hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AVEM IWO

BHARAT ELECTRONICS LTD COMMON STOCK INR1.0 0.10% 0.08%

KRUNG THAI BANK NVDR NVDR THB5.15 0.06% 0.28%

VALTERRA PLATINUM LIMITED COMMON STOCK ZAR.1 0.06% 0.07%

AMERICANA RESTAURANTS INTERN COMMON STOCK AED.073 0.05% 0.04%

OUTSURANCE GROUP LTD COMMON STOCK ZAR.0001 0.03% 0.34%

STONECO LTD A COMMON STOCK USD.000079365 0.03% 0.02%

TITAN CO LTD COMMON STOCK INR1.0 0.02% 0.34%

AP THAILAND PCL NVDR NVDR THB1.0 0.01% 0.01%

BOXER RETAIL LTD COMMON STOCK 0.01% 0.32%

HERITAGE FOODS LTD COMMON STOCK INR5.0 0.01% 0.30%

PATRIA INVESTMENTS LTD A COMMON STOCK USD.0001 0.01% 0.04%

PI INDUSTRIES LTD COMMON STOCK INR1.0 0.01% 0.34%

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 IWO

JFROG 0.74%

TWIST BIOSCIENCE 0.71%

GLAUKOS 0.70%

MOOG INC CLASS A 0.68%

BRIGHTSPRING HEALTH SERVICES INC 0.66%

10X GENOMICS CLASS A 0.61%

RYMAN HOSPITALITY PROPERTIES REIT 0.60%

INTERDIGITAL INC 0.58%

Check overlap with more funds →

Side by side

AVEM Avantis Emerging Markets Equity ETF IWO iShares Russell 2000 Growth ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis iShares

What it is Actively managed Tracks the Russell 2000 Growth

Total return, 1 year +17.9% +7.9%

Its benchmark over the same days not measured +8.0% (VTWG)

Gap to its benchmark not measured −0.1 pts vs VTWG

Expense ratio 0.33% 0.24%

Already in the S&P 500 0.0% 0.0%

Holdings 4088 1122

Net assets, as of Oct 27, 2026 $27.3bn $14.0bn

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

Client brief · page 1 of 2 Report BR-C5B298C39E

AVEM and IWO do different jobs. What does each one do in a portfolio?

What each follows. AVEM follows No index, actively managed and IWO follows Russell 2000 Growth Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and IWO +7.9% with distributions reinvested, a gap of 10.0 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

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.

IWO

IWO tracks the Russell 2000 Growth. Over the year to Oct 28, 2026 it returned +7.9% with distributions reinvested, against +8.0% for its benchmark, the Russell 2000 Growth Index. The prospectus expense ratio is 0.24% 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 1,122 positions, with the top ten at 6.4%. It sat 9.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AVEM or IWO?: In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and IWO +7.9%.
Which is cheaper, AVEM or IWO?: IWO is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVEM and IWO overlap with the S&P 500?: By their latest filed holdings, 0% of AVEM and 0% of IWO by weight is stocks the S&P 500 already holds.

Other comparisons

AVEM vs VBK AVEM vs IJH AVEM vs IWF AVEM vs MOAT EEM vs IWO IWO vs VWO IEMG vs IWO EMXC vs IWO

Where to next

AVEM on its own →IWO on its own →Hold both: look the portfolio through →Rankings →AVEM dividend history →AVEM holdings →IWO dividend history →IWO holdings →Standards and sources →

Sources and dates

AVEM filings on SEC EDGAR ↗

AVEM prospectus with the expense ratio (SEC) ↗

Avantis website ↗

IWO filings on SEC EDGAR ↗

IWO prospectus with the expense ratio (SEC) ↗

iShares page for IWO ↗

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 IWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-iwo

Open data →

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