AVESvsTLTEETF Comparison
VS
ETF 2
TLTE
Northern Trust Morningstar Emerging Markets Factor Tilt ETF
This fund is part of
EM Blended Cap
+0.15%
Avantis Emerging Markets Value ETF (AVES) and Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE) belong to the same industry segment: EM Blended Cap. AVES's top 3 sector exposures are Finance, Technology and Industrials. In contrast, TLTE's top sector exposures are Technology, Finance and Non-Energy Materials. AVES is less expensive with a Total Expense Ratio (TER) of 0.36%, versus 0.58% for TLTE. AVES is up 7.74% year-to-date (YTD) with +$594M in YTD flows. TLTE performs better with 12.68% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of AVES and TLTE 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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AVES vs TLTE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AVES TLTE | -5.98%-7.92% | -2.40%-2.89% | +7.74%+12.68% | +10.42%+15.46% | +65.58%+71.33% | +36.65%+39.50% |
| Flows | AVES TLTE | +$30M- | +$108M- | +$594M+$7M | +$651M+$7M | +$999M-$7M | +$1.32B-$47M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AVES TLTE | +15.85%+19.14% | +17.70%+21.14% | +15.05%+16.35% | +15.36%+15.94% |
| Max drawdown | AVES TLTE | -7.76%-8.91% | -12.53%-12.24% | -17.87%-16.53% | -28.04%-29.23% |
| Max drawdown duration | AVES TLTE | 46d43d | 69d53d | 244d245d | 853d1064d |
Trading data
AVES | TLTE | |
Last sale 10/23/2026 at 1:30 PM | $61.72 | $71.50 |
| Previous close 10/22/2026 | $61.92 | $71.21 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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AVES
is actively managed and doesn’t replicate an indexAVES | TLTE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
AVES | TLTE | |
|---|---|---|
| Last price | $61.72 | $71.50 |
| 1D performance | -0.32% | +0.41% |
| AuM | $1.50 B | $329.55 M |
| E/R | 0.36% | 0.58% |
Characteristics
AVES | TLTE | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | Northern Trust |
| Benchmark | - | Morningstar Emerging Markets Factor Tilt Index |
| N° of holdings | 1934 | 2777 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 30, 2021 | September 25, 2012 |
| ESG | No | No |
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Exposure
Countries
AVES
Taiwan
27.34%
Republic of Korea
20.6%
China
14%
India
12.14%
Other
25.92%
TLTE
Taiwan
22.91%
Republic of Korea
20.71%
China
14.29%
India
9.59%
Other
32.51%
Sectors
AVES
Finance
30.07%
Technology
19.26%
Industrials
12.25%
Non-Energy Materi.
9.87%
Consumer Cyclical.
7.11%
Consumer Non-Cycl.
7.07%
Other
14.37%
TLTE
Technology
30.56%
Finance
23.48%
Non-Energy Materi.
8.51%
Industrials
8.26%
Other
29.19%
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Diversification
AVES
Total weight of top 15 holdings out of 15
14.87%
TLTE
Total weight of top 15 holdings out of 15
23.3%
Top 15 holdings
Data as of August 31, 2026
AVES
ASE Technology Holding Co., Ltd.
1.40%
LG Electronics, Inc.
1.23%
Hana Financial Group, Inc.
1.22%
Fubon Financial Holding Co., Ltd.
1.20%
Innolux Corp.
1.18%
Vale SA
0.97%
Shinhan Financial Group Co., Ltd.
0.94%
Cathay Financial Holdings Co., Ltd.
0.91%
KB Financial Group, Inc.
0.91%
Wistron Corp.
0.90%
Kia Corp.
0.86%
Woori Financial Group, Inc.
0.84%
Geely Automobile Holdings Ltd.
0.80%
Zhen Ding Technology Holding Ltd.
0.79%
United Microelectronics Corp.
0.72%
TLTE
Taiwan Semiconductor Manufacturing Co., Ltd.
6.59%
Samsung Electronics Co., Ltd.
5.36%
SK hynix, Inc.
4.17%
Tencent Holdings Ltd.
1.26%
Alibaba Group Holding Ltd.
0.94%
China Construction Bank Corp.
0.71%
MediaTek, Inc.
0.69%
Samsung Electronics Co., Ltd.
0.68%
Hon Hai Precision Industry Co., Ltd.
0.60%
Industrial & Commercial Bank of China Ltd.
0.45%
Delta Electronics, Inc.
0.40%
SK Square Co. Ltd.
0.39%
Reliance Industries Ltd.
0.36%
Bank of China Ltd.
0.35%
Vale SA
0.34%
Frequently asked questions about AVES and TLTE
How have the AVES and TLTE ETFs performed in 2026?
As of October 23, 2026, AVES is up 7.74% year-to-date (YTD), while TLTE has returned 12.68%. That puts TLTE better performer ahead so far this year.
Which ETF is attracting more investor money: AVES or TLTE?
Year-to-date, the AVES ETF saw +$594M in flows, compared to +$7M for TLTE.
Which ETF is more volatile: AVES or TLTE?
Over the past year, AVES had a volatility of 17.7%, while TLTE experienced 21.14%.
Which ETF is bigger: AVES or TLTE?
As of October 23, 2026, AVES holds $1.50 B in assets under management (AUM), while TLTE manages $329.55 M.
What sectors do the AVES and TLTE ETFs invest in?
AVES leans toward sectors like Finance, Technology and Industrials. Meanwhile, TLTE focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the AVES ETF and TLTE ETF?
AVES top holdings include ASE Technology Holding Co., Ltd., LG Electronics, Inc. and Hana Financial Group, Inc.. TLTE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: AVES or TLTE?
AVES holds 1953 securities with 14.87% of its assets in the top 15. TLTE has 2889 securities and a top 15 weight of 23.3%.
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