Which returned more over the last year, AVES or GEM?

In the year to Oct 9, 2026, with distributions reinvested, AVES returned +18.3% and GEM +26.6%.

Which is cheaper, AVES or GEM?

GEM is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AVES and GEM overlap with the S&P 500?

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

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

AVES vs GEM: Differences, Returns & Fees

AVES and GEM hold 18% of their weight in the same names, and GEM returned +26.6% over the year. Net assets: $1.5bn on May 31, 2026 for Avantis Emerging Markets Value ETF, and $1.8bn on Oct 8, 2026 for Goldman Sachs ActiveBeta Emerging Markets Equity ETF.

GEM costs 0.01 points a year less; their one-year returns differ by 8.3 points; GEM is 1.1 times larger.

AVES vs GEM: Differences, Returns & Fees
	AVES	GEM
Expense ratio	0.36%	0.35%
Net assets, as of May 31, 2026	$1.5bn	$1.7bn
Total return, 1 year	+18.3%	+26.6%
What it tracks	No index, actively managed	Goldman Sachs ActiveBeta Emerging Markets Equity Index
Holdings in common	18%
Top ten holdings, share of the fund	10.9%	36.9%
Below its high	3.8%, high on Jun 15, 2026	5.9%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+18.3%

AVES total return, 1 year

+26.6%

GEM total return, 1 year

0.36%

AVES expense ratio

0.35%

GEM expense ratio

What they hold in common

By the books each fund has filed, AVES and GEM hold 18% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

50%

half

18% in common

Positions both hold, largest shared weight first

Holding AVES GEM

LG ELECTRONICS INC COMMON STOCK KRW5000.0 1.15% 0.51%

ELITE MATERIAL CO LTD COMMON STOCK TWD10.0 0.59% 0.34%

UNITED MICROELECTRONICS CORP COMMON STOCK TWD10.0 0.83% 0.30%

STANDARD BANK GROUP LTD COMMON STOCK ZAR.1 0.39% 0.24%

CTBC FINANCIAL HOLDING CO LT COMMON STOCK TWD10.0 0.65% 0.23%

GRUPO FINANCIERO BANORTE O COMMON STOCK MXN3.5 0.45% 0.22%

KOREA INVESTMENT HOLDINGS CO COMMON STOCK KRW5000.0 0.53% 0.20%

MTN GROUP LTD COMMON STOCK ZAR.0001 0.42% 0.20%

REALTEK SEMICONDUCTOR CORP COMMON STOCK TWD10.0 0.66% 0.19%

FUBON FINANCIAL HOLDING CO COMMON STOCK TWD10.0 1.25% 0.19%

KIA CORP COMMON STOCK KRW5000.0 0.71% 0.19%

HINDALCO INDUSTRIES LTD COMMON STOCK INR1.0 0.28% 0.18%

Only in AVES

ASE TECHNOLOGY HOLDING ADR ADR 1.71%

KB FINANCIAL GROUP INC ADR ADR 0.90%

SHINHAN FINANCIAL GROUP ADR ADR 0.90%

UNITED INTEGRATED SERVICES COMMON STOCK TWD10.0 0.78%

WISTRON CORP COMMON STOCK TWD10.0 0.73%

S OIL CORP COMMON STOCK KRW2500.0 0.72%

VALE SA SP ADR ADR 0.63%

SIGURD MICROELECTRONICS CORP COMMON STOCK TWD10.0 0.61%

Only in GEM

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 14.33%

SAMSUNG ELECTRONICS CO LTD 7.54%

SK HYNIX INC 5.89%

TENCENT HOLDINGS LTD 2.59%

ALIBABA GROUP HOLDING LTD 1.82%

MEDIATEK INC 1.53%

DELTA ELECTRONICS INC 0.99%

SAMSUNG ELECTRONICS CO LTD 0.83%

Check overlap with more funds →

On the same fields

AVES

Avantis Emerging Markets Value ETF

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis Goldman Sachs

What it is Actively managed Tracks an index

Total return, 1 year +18.3% +26.6%

Expense ratio 0.36% 0.35%

Already in the S&P 500 0.0% 0.0%

Holdings 1987 743

Net assets, AVES as of May 31, 2026 and GEM as of Oct 8, 2026 $1.5bn $1.8bn

AVES and GEM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About AVES

AVES is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +18.3% with distributions reinvested. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,987 positions, with the top ten at 10.9%. It sat 3.8% below its high of Jun 15, 2026 on Oct 9, 2026.

About GEM

GEM tracks an index. Over the year to Oct 9, 2026 it returned +26.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 743 positions, with the top ten at 36.9%. It sat 5.9% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, AVES or GEM?: In the year to Oct 9, 2026, with distributions reinvested, AVES returned +18.3% and GEM +26.6%.
Which is cheaper, AVES or GEM?: GEM is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVES and GEM overlap with the S&P 500?: By their latest filed holdings, 0% of AVES and 0% of GEM by weight is stocks the S&P 500 already holds.

Other comparisons

AVES vs JEMA AVES vs DGS AVES vs EMGF AVES vs DFEV GEM vs JEMA GEM vs XCEM GEM vs PXH GEM vs JHEM

AVES on its own →GEM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

AVES filings on SEC EDGAR ↗AVES prospectus with the expense ratio (SEC) ↗Avantis website ↗GEM filings on SEC EDGAR ↗GEM prospectus with the expense ratio (SEC) ↗Goldman Sachs website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, AVES against GEM, data as of Oct 9, 2026. https://etfiq.com/compare/any/aves-vs-gem

Open data

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