DFEMvsAVESETF Comparison
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Dimensional Emerging Markets Core Equity 2 ETF (DFEM) and Avantis Emerging Markets Value ETF (AVES) belong to the same industry segment: EM Blended Cap. DFEM's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, AVES's top sector exposures are Finance, Technology and Industrials. DFEM is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.36% for AVES. DFEM is up 16.61% year-to-date (YTD) with +$1.12B in YTD flows. AVES performs worse with 10.88% YTD performance, and +$564M in YTD flows. Run a side-by-side ETF comparison of DFEM and AVES 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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DFEM vs AVES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFEM AVES | -2.90%-1.89% | -2.67%+0.29% | +16.61%+10.88% | +19.96%+14.43% | +76.03%+64.56% | n/a+42.27% |
| Flows | DFEM AVES | +$164M- | +$426M+$81M | +$1.12B+$564M | +$1.59B+$617M | +$4.16B+$975M | -+$1.29B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFEM AVES | +20.68%+15.72% | +20.94%+17.49% | +16.47%+14.98% | n/a+15.32% |
| Max drawdown | DFEM AVES | -7.60%-5.30% | -12.93%-12.53% | -16.42%-17.87% | n/a-28.04% |
| Max drawdown duration | DFEM AVES | 27d12d | 115d69d | 244d244d | n/a853d |
Trading data
DFEM | AVES | |
Last sale 10/16/2026 at 1:30 PM | $37.85 | $63.49 |
| Previous close 10/15/2026 | $38.46 | $64.35 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
DFEM | AVES | |
|---|---|---|
| Last price | $37.85 | $63.49 |
| 1D performance | -1.59% | -1.34% |
| AuM | $9.23 B | $1.52 B |
| E/R | 0.39% | 0.36% |
Characteristics
DFEM | AVES | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 6507 | 1934 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 26, 2022 | September 30, 2021 |
| ESG | No | No |
Exposure
Countries
DFEM
Taiwan
28.02%
Republic of Korea
18.22%
China
17.71%
India
12.83%
Other
23.21%
AVES
Taiwan
27.34%
Republic of Korea
20.6%
China
14%
India
12.14%
Other
25.92%
Sectors
DFEM
Technology
37.51%
Finance
17.97%
Non-Energy Materi.
10.67%
Industrials
9.38%
Other
24.47%
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%
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Diversification
DFEM
Total weight of top 15 holdings out of 15
25.44%
AVES
Total weight of top 15 holdings out of 15
14.87%
Top 15 holdings
Data as of August 31, 2026
DFEM
Taiwan Semiconductor Manufacturing Co., Ltd.
9.92%
Samsung Electronics Co., Ltd.
4.22%
SK hynix, Inc.
4.05%
Tencent Holdings Ltd.
1.78%
Alibaba Group Holding Ltd.
0.75%
China Construction Bank Corp.
0.73%
Samsung Electronics Co., Ltd.
0.50%
Unimicron Technology Corp.
0.47%
Samsung Electro-Mechanics Co., Ltd.
0.45%
Hon Hai Precision Industry Co., Ltd.
0.45%
Ping An Insurance (Group) Co. of China Ltd.
0.44%
MediaTek, Inc.
0.43%
ICICI Bank Ltd.
0.42%
MPI Corp.
0.41%
Lenovo Group Ltd.
0.41%
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%
Frequently asked questions about DFEM and AVES
How have the DFEM and AVES ETFs performed in 2026?
As of October 15, 2026, DFEM is up 16.61% year-to-date (YTD), while AVES has returned 10.88%. That puts DFEM better performer ahead so far this year.
Which ETF is attracting more investor money: DFEM or AVES?
Year-to-date, the DFEM ETF saw +$1.12B in flows, compared to +$564M for AVES.
Which ETF is more volatile: DFEM or AVES?
Over the past year, DFEM had a volatility of 20.94%, while AVES experienced 17.49%.
Which ETF is bigger: DFEM or AVES?
As of October 15, 2026, DFEM holds $9.23 B in assets under management (AUM), while AVES manages $1.52 B.
What sectors do the DFEM and AVES ETFs invest in?
DFEM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, AVES focuses on Finance, Technology and Industrials.
What are the top holdings of the DFEM ETF and AVES ETF?
DFEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. AVES holds in its top three: ASE Technology Holding Co., Ltd., LG Electronics, Inc. and Hana Financial Group, Inc..
Which ETF is more diversified: DFEM or AVES?
DFEM holds 6761 securities with 25.44% of its assets in the top 15. AVES has 1953 securities and a top 15 weight of 14.87%.
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