EWXvsAVEEETF Comparison
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State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) and Avantis Emerging Markets Small Cap Equity ETF (AVEE) belong to the same industry segment: EM Small Cap. Both ETFs have the same top 3 sector exposures: Technology, Non-Energy Materials and Finance. EWX is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.42% for AVEE. EWX is up 8.03% year-to-date (YTD) with -$142M in YTD flows. AVEE performs better with 9.8% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of EWX and AVEE 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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EWX vs AVEE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWX AVEE | -1.89%+0.27% | -2.00%+0.53% | +8.03%+9.80% | +7.09%+9.45% | +43.70%n/a | +35.15%n/a |
| Flows | EWX AVEE | -$438K- | -$30M+$17M | -$142M+$61M | -$109M+$76M | -$345M- | -$153M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWX AVEE | +16.68%+16.18% | +16.43%+17.01% | +14.53%n/a | +13.83%n/a |
| Max drawdown | EWX AVEE | -8.02%-8.06% | -13.39%-13.79% | -20.16%n/a | -23.95%n/a |
| Max drawdown duration | EWX AVEE | 22d23d | 116d122d | 267dn/a | 836dn/a |
Trading data
EWX | AVEE | |
Last sale 10/19/2026 at 1:30 PM | $69.28 | $67.13 |
| Previous close 10/16/2026 | $69.58 | $66.98 |
| Consolidated volume 10/16/2026 | ||
| 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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AVEE
is actively managed and doesn’t replicate an indexEWX | AVEE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
EWX | AVEE | |
|---|---|---|
| Last price | $69.28 | $67.13 |
| 1D performance | -0.43% | +0.22% |
| AuM | $653.84 M | $134.80 M |
| E/R | 0.65% | 0.42% |
Characteristics
EWX | AVEE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | American Century Investments |
| Benchmark | S&P Emerging Markets Under USD2 Billion Index | - |
| N° of holdings | 2896 | 2865 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 12, 2008 | November 8, 2023 |
| ESG | No | No |
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Exposure
Countries
EWX
Taiwan
31.51%
India
17.44%
China
14.54%
Other
36.51%
AVEE
Taiwan
28.76%
Republic of Korea
18.31%
India
13.41%
China
8.99%
Other
30.53%
Sectors
EWX
Technology
24.03%
Non-Energy Materi.
15.62%
Finance
13.56%
Industrials
12.89%
Other
33.9%
AVEE
Technology
24.52%
Non-Energy Materi.
14.76%
Finance
14.67%
Industrials
13.69%
Consumer Non-Cycl.
9.09%
Healthcare
7.61%
Other
15.67%
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Diversification
EWX
Total weight of top 15 holdings out of 15
6.05%
AVEE
Total weight of top 15 holdings out of 15
6.29%
Top 15 holdings
Data as of August 31, 2026
EWX
LandMark Optoelectronics Corp.
0.79%
Kinsus Interconnect Technology Corp.
0.64%
Macronix International Co., Ltd.
0.60%
WinWay Technology Co., Ltd.
0.46%
Katilimevim Tasarruf Finansman AS
0.44%
Win Semiconductors Corp.
0.44%
ITEQ Corp.
0.34%
Co-Tech Development Corp.
0.31%
ADATA Technology Co., Ltd.
0.31%
AP Memory Technology Corp.
0.30%
Innodisk Corp.
0.30%
Syntec Technology Co. Ltd.
0.29%
Pan African Resources Plc
0.28%
Holy Stone Enterprise Co., Ltd.
0.28%
Chipbond Technology Corp.
0.28%
AVEE
LG Innotek Co., Ltd.
0.71%
Macronix International Co., Ltd.
0.63%
Hyosung Heavy Industries Corp.
0.44%
Genscript Biotech Corp.
0.43%
Taiwan Union Technology Corp.
0.43%
Co-Tech Development Corp.
0.41%
Win Semiconductors Corp.
0.41%
MPI Corp.
0.39%
ADATA Technology Co., Ltd.
0.38%
Kinsus Interconnect Technology Corp.
0.37%
Holy Stone Enterprise Co., Ltd.
0.35%
Aspen Pharmacare Holdings Ltd.
0.35%
Sigurd Microelectronics Corp.
0.35%
Micro-Star International Co., Ltd.
0.33%
Magyar Telekom Telecommunications Plc
0.31%
Frequently asked questions about EWX and AVEE
How have the EWX and AVEE ETFs performed in 2026?
As of October 16, 2026, EWX is up 8.03% year-to-date (YTD), while AVEE has returned 9.8%. That puts AVEE better performer ahead so far this year.
Which ETF is attracting more investor money: EWX or AVEE?
Year-to-date, the EWX ETF saw -$142M in flows, compared to +$61M for AVEE.
Which ETF is more volatile: EWX or AVEE?
Over the past year, EWX had a volatility of 16.43%, while AVEE experienced 17.01%.
Which ETF is bigger: EWX or AVEE?
As of October 16, 2026, EWX holds $653.84 M in assets under management (AUM), while AVEE manages $134.80 M.
What sectors do the EWX and AVEE ETFs invest in?
EWX leans toward sectors like Technology, Non-Energy Materials and Finance. Meanwhile, AVEE focuses on Technology, Non-Energy Materials and Finance.
What are the top holdings of the EWX ETF and AVEE ETF?
EWX top holdings include LandMark Optoelectronics Corp., Kinsus Interconnect Technology Corp. and Macronix International Co., Ltd.. AVEE holds in its top three: LG Innotek Co., Ltd., Macronix International Co., Ltd. and Hyosung Heavy Industries Corp..
Which ETF is more diversified: EWX or AVEE?
EWX holds 2911 securities with 6.05% of its assets in the top 15. AVEE has 2880 securities and a top 15 weight of 6.29%.
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Latest news about EWX & AVEE
Examining Opportunities Within the Emerging Market Equities Universe
October 12, 2023
EWX
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