AVEEvsFEMSETF Comparison
VS
ETF 2
FEMS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF
This fund is part of
EM Small Cap
+0%
Avantis Emerging Markets Small Cap Equity ETF (AVEE) and First Trust Emerging Markets Small Cap AlphaDEX Fund ETF (FEMS) belong to the same industry segment: EM Small Cap. AVEE's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, FEMS's top sector exposures are Non-Energy Materials, Technology and Finance. AVEE is less expensive with a Total Expense Ratio (TER) of 0.42%, versus 0.8% for FEMS. AVEE is up 13.51% year-to-date (YTD) with +$57M in YTD flows. FEMS performs worse with 11.73% YTD performance, and -$30M in YTD flows. Run a side-by-side ETF comparison of AVEE and FEMS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AVEE vs FEMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AVEE FEMS | +4.03%+4.40% | +3.92%+0.54% | +13.51%+11.73% | +12.85%+12.10% | n/a+34.68% | n/a+29.20% |
| Flows | AVEE FEMS | +$10M-$23M | +$17M-$23M | +$57M-$30M | +$73M-$53M | --$133M | -+$47M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AVEE FEMS | +20.74%+16.47% | +17.01%+14.66% | n/a+13.88% | n/a+14.75% |
| Max drawdown | AVEE FEMS | -13.79%-8.68% | -13.79%-11.94% | n/a-18.81% | n/a-24.99% |
| Max drawdown duration | AVEE FEMS | 84d64d | 84d121d | n/a348d | n/a935d |
Trading data
AVEE | FEMS | |
Last sale 9/8/2026 at 1:30 PM | $69.74 | $47.12 |
| Previous close 09/04/2026 | $70.64 | $46.95 |
| Consolidated volume 09/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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AVEE
is actively managed and doesn’t replicate an indexAVEE | FEMS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/8/2026 at 1:30 PM
Live
Closed
AVEE | FEMS | |
|---|---|---|
| Last price | $69.74 | $47.12 |
| 1D performance | -1.28% | +0.36% |
| AuM | $136.83 M | $236.13 M |
| E/R | 0.42% | 0.8% |
Characteristics
AVEE | FEMS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Emerging Markets Small Cap Index |
| N° of holdings | 2768 | 172 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 8, 2023 | February 15, 2012 |
| ESG | No | No |
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Exposure
Countries
AVEE
Taiwan
26.16%
Republic of Korea
17.31%
India
14.52%
China
9.84%
Other
32.18%
FEMS
Taiwan
20.67%
Turkey
14.14%
China
8.73%
Brazil
7.34%
Thailand
7.13%
Other
41.99%
Sectors
AVEE
Technology
22.74%
Finance
14.97%
Non-Energy Materi.
14.2%
Industrials
13.9%
Consumer Non-Cycl.
9.36%
Healthcare
7.44%
Other
17.38%
FEMS
Non-Energy Materi.
15.47%
Technology
13.49%
Finance
10.7%
Consumer Non-Cycl.
10.64%
Industrials
8.09%
Consumer Cyclical.
7.53%
Other
34.08%
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Diversification
AVEE
Total weight of top 15 holdings out of 15
5.72%
FEMS
Total weight of top 15 holdings out of 15
17.28%
Top 15 holdings
Data as of July 31, 2026
AVEE
LG Innotek Co., Ltd.
0.60%
Macronix International Co., Ltd.
0.54%
MPI Corp.
0.43%
ADATA Technology Co., Ltd.
0.40%
Hyosung Heavy Industries Corp.
0.38%
Magyar Telekom Telecommunications Plc
0.37%
Aspen Pharmacare Holdings Ltd.
0.37%
Taiwan Union Technology Corp.
0.36%
China Everbright Environment Group Ltd.
0.34%
GFH Bank BSC
0.34%
Dana Gas PJSC
0.34%
Sigurd Microelectronics Corp.
0.33%
Momentum Group Ltd.
0.31%
Exxaro Resources Ltd.
0.31%
Kinsus Interconnect Technology Corp.
0.31%
FEMS
ITEQ Corp.
2.71%
Holy Stone Enterprise Co., Ltd.
1.63%
Regional Container Lines Public Co. Ltd.
1.13%
Reysas Gayrimenkul Yatirim Ortakligi AS
1.09%
Nexa Resources SA
1.07%
Topoint Technology Co., Ltd.
1.06%
Kaori Heat Treatment Co., Ltd.
1.05%
Ruentex Industries Ltd.
1.04%
ChipMOS Technologies, Inc.
1.03%
IRPC Public Co., Ltd.
0.97%
Thaifoods Group PCL
0.94%
Hyprop Investments Ltd.
0.92%
BBB Foods, Inc.
0.90%
Sok Marketler Ticaret AS
0.87%
C Sun Mfg Ltd.
0.87%
Frequently asked questions about AVEE and FEMS
How have the AVEE and FEMS ETFs performed in 2026?
As of September 7, 2026, AVEE is up 13.51% year-to-date (YTD), while FEMS has returned 11.73%. That puts AVEE better performer ahead so far this year.
Which ETF is attracting more investor money: AVEE or FEMS?
Year-to-date, the AVEE ETF saw +$57M in flows, compared to -$30M for FEMS.
Which ETF is more volatile: AVEE or FEMS?
Over the past year, AVEE had a volatility of 17.01%, while FEMS experienced 14.66%.
Which ETF is bigger: AVEE or FEMS?
As of September 7, 2026, AVEE holds $136.83 M in assets under management (AUM), while FEMS manages $236.13 M.
What sectors do the AVEE and FEMS ETFs invest in?
AVEE leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, FEMS focuses on Non-Energy Materials, Technology and Finance.
What are the top holdings of the AVEE ETF and FEMS ETF?
AVEE top holdings include LG Innotek Co., Ltd., Macronix International Co., Ltd. and MPI Corp.. FEMS holds in its top three: ITEQ Corp., Holy Stone Enterprise Co., Ltd. and Regional Container Lines Public Co. Ltd..
Which ETF is more diversified: AVEE or FEMS?
AVEE holds 2781 securities with 5.72% of its assets in the top 15. FEMS has 172 securities and a top 15 weight of 17.28%.
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