AVEE
Avantis Emerging Markets Small Cap Equity ETF
Avantis Emerging Markets Sm Cp Eq ETF seeks to achieve long-term capital appreciation by investing primarily in equity securities of small-cap companies located in emerging markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
45.8 M
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
| Fund sponsor | Avantis |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 07, 2023 |
| Assets (mns) | $46 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| THANACHART CAPITAL PUBLIC CO., LTD. | 1.1 % |
| LI NING CO LTD | 0.6 % |
| 360 FINANCE, INC. ADR CLASS A | 0.5 % |
| LOJAS RENNER S.A. | 0.5 % |
| AAC TECHNOLOGIES HOLDINGS INC. | 0.4 % |
| SMARTFIT ESCOLA DE GINASTICA E DANCA SA | 0.4 % |
| GDS HOLDINGS LTD. | 0.4 % |
| KIATNAKIN BANK PCL-NVDR | 0.4 % |
| MARFRIG ALIMENTOS SA | 0.3 % |
| GCL POLY ENERGY HOLDINGS LTD | 0.3 % |
Constituent Breakdown
| Number of holdings | 2299 |
| Herfindahl-Hirschman Index | 12 |
| Wgt avg mkt cap (mns) | $1,014 |
| Large cap (>$10bn) | 15.9% |
| Mid cap ($2-10bn) | 49.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 5.8% |
| Emerging mkts. | 61.9% |
Country Exposure
 |
TAIWAN | 13.7 % |
 |
CHINA | 11.2 % |
 |
SOUTH KOREA | 8.2 % |
 |
INDIA | 8.2 % |
 |
BRAZIL | 6.5 % |
 |
HONG KONG | 4.8 % |
 |
THAILAND | 3.5 % |
 |
SOUTH AFRICA | 2.8 % |
 |
MALAYSIA | 1.7 % |
 |
MEXICO | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.0% | 8.7% | -- | -- | -- | -- | -- | 12.0% |
| Dividend Yield | 0.7% | 3.3% | -- | -- | -- | -- | -- | 2.9% |
| Total Returns | 13.8% | 12.0% | -- | -- | -- | -- | -- | 14.9% | Ann. Volatility | 19.7% | 18.3% | -- | -- | -- | -- | -- | 16.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.30 | 12% |
| MSCI EAFE | 0.07 | 1% |
| MSCI Emg Mkts | 0.49 | 23% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $61.08 |
| 30d moving avg. | $59.06 |
| Annualized volatility | 10.2% |
| Relative strength (RSI) | 63 |
| Short interest | 4.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EWX | SPDR S&P Emerging Markets Small Cap ETF | 26.5% | +23 bp | +8.2% |
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | 25.8% | +28 bp | +7.9% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 22.0% | +16 bp | +10.0% |
| AVES | Avantis Emerging Markets Value ETF | 17.8% | -6 bp | +11.3% |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 16.4% | +17 bp | +9.1% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 13.3% | -9 bp | +8.6% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 12.8% | +11 bp | +7.9% |
| AVEM | Avantis Emerging Markets Equity ETF | 12.3% | -9 bp | +9.0% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 11.3% | -4 bp | +9.5% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 11.3% | -9 bp | +8.8% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/16/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
AVEE
10.0%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 116 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.7%. AVEE's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places AVEE in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVEESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| (42 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVEE | 42.0 | 0.0 | 42 |
| Peer Avg. | 53.1 | 23.8 | 77.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .