AVXC
Avantis Emerging Markets Ex-China Equity ETF
Avantis Emerging Markets Ex-Chn Eq ETF seeks to provide long-term capital appreciation by investing primarily in equity securities of companies located in emerging markets, excluding those in China.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
133.8 M
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
Fund sponsor | Avantis |
Category | Emerging |
Asset class | Equity |
Website | link... |
Inception date | Mar 19, 2024 |
Assets (mns) | $134 |
Expense ratio | 33 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
TAIWAN SEMICONDUCTOR-SP ADR | 8.6 % |
BAJAJ FINANCE LIMITED | 4.4 % |
SAMSUNG ELECTR-GDR 144A | 2.8 % |
KASIKORNBANK PUBLIC CO. LTD. | 2.0 % |
HYNIX SEMICONDUCTOR INC | 1.4 % |
MEDIATEK INC | 1.3 % |
ICICI BANK LTD-SPON ADR | 1.1 % |
RELIANCE INDS-SPONS GDR 144A | 1.1 % |
HDFC BANK LIMITED | 1.0 % |
HON HAI PRECISION INDUSTRY | 1.0 % |
Constituent Breakdown
Number of holdings | 2543 |
Herfindahl-Hirschman Index | 124 |
Wgt avg mkt cap (mns) | $114,340 |
Large cap (>$10bn) | 52.2% |
Mid cap ($2-10bn) | 23.3% |
Small cap (<$2bn) | 10.7% |
Developed mkts. | 1.0% |
Emerging mkts. | 88.2% |
Country Exposure
TAIWAN | 23.9 % | |
INDIA | 21.7 % | |
SOUTH KOREA | 12.7 % | |
BRAZIL | 6.9 % | |
SOUTH AFRICA | 5.4 % | |
THAILAND | 4.3 % | |
MEXICO | 2.7 % | |
MALAYSIA | 2.4 % | |
POLAND | 1.9 % | |
INDONESIA | 1.9 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
---|---|---|---|---|---|---|---|---|
Price Returns | 7.6% | 4.7% | -- | -- | -- | -- | -- | 4.5% |
Dividend Yield | 0.0% | 1.3% | -- | -- | -- | -- | -- | 1.1% |
Total Returns | 7.6% | 6.0% | -- | -- | -- | -- | -- | 5.6% | Ann. Volatility | 21.1% | 17.9% | -- | -- | -- | -- | -- | 17.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.33 | 19% |
MSCI EAFE | -0.08 | 1% |
MSCI Emg Mkts | 0.12 | 1% |
Liquidity Measures
Avg. volume (000) | 23 |
ADV traded (mns) | $1 |
Turnover | 1.0% |
Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
Recent close | $56.34 |
30d moving avg. | $53.79 |
Annualized volatility | 9.7% |
Relative strength (RSI) | 64 |
Short interest | 0.0% |
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. |
---|---|---|---|---|
AVSE | Avantis Responsible Emerging Markets Equity ETF | 58.1% | 0 bp | +8.6% |
AVEM | Avantis Emerging Markets Equity ETF | 53.1% | 0 bp | +9.3% |
DEXC | Dimensional Emerging Markets ex China Core EquityETF | 40.3% | +20 bp | +7.7% |
AVES | Avantis Emerging Markets Value ETF | 36.4% | +3 bp | +11.7% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 33.6% | -8 bp | +7.8% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 32.4% | +16 bp | +10.5% |
XCNY | SPDR S&P Emerging Markets ex-China ETF | 32.4% | -18 bp | +7.7% |
DFAE | Dimensional Emerging Core Equity Market ETF | 32.0% | +2 bp | +9.5% |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 31.3% | +5 bp | +9.5% |
XC | WisdomTree Emerging Markets Ex-China Fund | 31.1% | -1 bp | +6.1% |
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 6/28/2025
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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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
AVXC
8.7%
Cat. Avg
8.1%
ALTAR Score™ Calculation
Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.1% and a standard deviation of
2.5%. AVXC's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AVXC in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVXCSELL
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 |
(33 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
AVXC | 33.0 | 0.0 | 33 |
Peer Avg. | 52.3 | 24.3 | 76.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .