Data as of Oct 28, 2026.
AVEM vs VEU: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVEM returned +17.9% to VEU's +14.4%; 24% of their weight is in the same names.
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Net assets: $27.3bn on Oct 27, 2026 for Avantis Emerging Markets Equity ETF, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.
Pair scorecard
VEU costs 0.29 points a year less; their one-year returns differ by 3.5 points.
| Measure | AVEM | VEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.9% | +14.4% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | 5.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | FTSE All-World ex US Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.04% |
| Net assets, AVEM as of Oct 27, 2026 and VEU as of Sep 30, 2026 | $27.3bn | $68.1bn |
| Holdings | ||
| Holdings in common | 24% | |
| Top ten holdings, share of the fund | 28.7% | 15.2% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 27, 2019 to Oct 23, 2026 · 369 weekly returnsAVEM returned more: +113.9% to +98.7%. VEU swung slightly less: 17.9% to 19.6%. VEU fell slightly less at its worst: −33.2% to −34.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVEM | VEU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +113.9% | +98.7% | AVEM | Price change plus distributions, reinvested. |
| Annualized | +11.3% | +10.2% | AVEM | Total return as a yearly rate. |
| Price return | +79.6% | +62.2% | AVEM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.6% | 17.9% | VEU (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.1% | 12.7% | VEU (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.8% | −33.2% | VEU (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.50 | 0.47 | AVEM (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.70 | 0.66 | AVEM (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.32 | 0.31 | AVEM (slight) | 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 VEU hold 24% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
24% in common
Only in one fund ↓
Side by side
AVEM and VEU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVEM and VEU do different jobs. What does each one do in a portfolio?
- What each follows. AVEM follows No index, actively managed and VEU follows FTSE All-World ex US Index.
- Holdings in common. 24% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and VEU +14.4% with distributions reinvested, a gap of 3.5 points.
Data as of Oct 28, 2026.
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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.
VEU
VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AVEM or VEU?
- In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and VEU +14.4%.
- Which is cheaper, AVEM or VEU?
- VEU is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
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 VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-veu
ETFIQ. (Oct 28, 2026). AVEM against VEU. Retrieved from https://etfiq.com/compare/any/avem-vs-veu
[AVEM against VEU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avem-vs-veu)
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