FEMSvsAVEEETF Comparison
ETF 1
FEMS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF
This fund is part of
EM Small Cap
-0.67%
VS
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF (FEMS) and Avantis Emerging Markets Small Cap Equity ETF (AVEE) belong to the same industry segment: EM Small Cap. FEMS's top 3 sector exposures are Non-Energy Materials, Technology and Finance. In contrast, AVEE's top sector exposures are Technology, Non-Energy Materials and Finance. FEMS is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.42% for AVEE. FEMS is down -1.89% year-to-date (YTD) with -$37M in YTD flows. AVEE performs better with 4.18% YTD performance, and +$74M in YTD flows. Run a side-by-side ETF comparison of FEMS 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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FEMS vs AVEE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEMS AVEE | -8.26%-6.56% | -4.22%+3.75% | -1.89%+4.18% | -0.97%+2.27% | +26.02%n/a | +22.71%n/a |
| Flows | FEMS AVEE | -+$13M | -$30M+$30M | -$37M+$74M | -$58M+$86M | -$155M- | +$47M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEMS AVEE | +20.33%+15.59% | +16.85%+17.44% | +14.66%n/a | +15.12%n/a |
| Max drawdown | FEMS AVEE | -14.50%-9.36% | -15.65%-13.79% | -18.81%n/a | -21.32%n/a |
| Max drawdown duration | FEMS AVEE | 18d23d | 176d136d | 348dn/a | 290dn/a |
Trading data
FEMS | AVEE | |
Last sale 10/30/2026 at 1:30 PM | $39.78 | $62.56 |
| Previous close 10/29/2026 | $40.41 | $64.12 |
| Consolidated volume 10/29/2026 | ||
| 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 indexFEMS | 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 10/30/2026 at 1:30 PM
Live
Closed
FEMS | AVEE | |
|---|---|---|
| Last price | $39.78 | $62.56 |
| 1D performance | -1.56% | -2.43% |
| AuM | $199.42 M | $140.69 M |
| E/R | 0.8% | 0.42% |
Characteristics
FEMS | AVEE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | American Century Investments |
| Benchmark | NASDAQ AlphaDEX Emerging Markets Small Cap Index | - |
| N° of holdings | 172 | 2909 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2012 | November 8, 2023 |
| ESG | No | No |
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Exposure
Countries
FEMS
Taiwan
24.42%
Turkey
13.41%
Brazil
8.88%
China
8.45%
Thailand
7.34%
Other
37.5%
AVEE
Taiwan
30.23%
Republic of Korea
17.92%
India
12.41%
China
9.38%
Other
30.06%
Sectors
FEMS
Non-Energy Materi.
15.79%
Technology
15.52%
Finance
11.18%
Consumer Non-Cycl.
10.57%
Industrials
8.42%
Consumer Cyclical.
7.95%
Other
30.57%
AVEE
Technology
24.88%
Non-Energy Materi.
14.54%
Finance
14.3%
Industrials
13.83%
Consumer Non-Cycl.
9.28%
Healthcare
7.15%
Other
16.02%
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Diversification
FEMS
Total weight of top 15 holdings out of 15
20.38%
AVEE
Total weight of top 15 holdings out of 15
5.81%
Top 15 holdings
Data as of September 30, 2026
FEMS
ITEQ Corp.
3.57%
Holy Stone Enterprise Co., Ltd.
2.04%
Kaori Heat Treatment Co., Ltd.
1.53%
ChipMOS Technologies, Inc.
1.42%
Topoint Technology Co., Ltd.
1.36%
Reysas Gayrimenkul Yatirim Ortakligi AS
1.23%
Regional Container Lines Public Co. Ltd.
1.15%
IRPC Public Co., Ltd.
1.15%
AmTRAN Technology Co., Ltd.
1.07%
JHSF Participações SA
1.04%
Ruentex Industries Ltd.
1.03%
BBB Foods, Inc.
0.97%
Hyprop Investments Ltd.
0.96%
Nexa Resources SA
0.93%
Elite Semiconductor Microelectronics Tech, Inc.
0.93%
AVEE
LG Innotek Co., Ltd.
0.57%
Macronix International Co., Ltd.
0.54%
Win Semiconductors Corp.
0.45%
Taiwan Union Technology Corp.
0.42%
Kinsus Interconnect Technology Corp.
0.39%
Sigurd Microelectronics Corp.
0.38%
Hyosung Heavy Industries Corp.
0.38%
MPI Corp.
0.35%
Holy Stone Enterprise Co., Ltd.
0.34%
Klabin SA
0.34%
Co-Tech Development Corp.
0.34%
Kaori Heat Treatment Co., Ltd.
0.33%
Li Ning Co., Ltd.
0.33%
Genscript Biotech Corp.
0.32%
HPSP Co., Ltd.
0.32%
Frequently asked questions about FEMS and AVEE
How have the FEMS and AVEE ETFs performed in 2026?
As of October 29, 2026, FEMS is down -1.89% year-to-date (YTD), while AVEE has returned 4.18%. That puts AVEE better performer ahead so far this year.
Which ETF is attracting more investor money: FEMS or AVEE?
Year-to-date, the FEMS ETF saw -$37M in flows, compared to +$74M for AVEE.
Which ETF is more volatile: FEMS or AVEE?
Over the past year, FEMS had a volatility of 16.85%, while AVEE experienced 17.44%.
Which ETF is bigger: FEMS or AVEE?
As of October 29, 2026, FEMS holds $199.42 M in assets under management (AUM), while AVEE manages $140.69 M.
What sectors do the FEMS and AVEE ETFs invest in?
FEMS leans toward sectors like Non-Energy Materials, Technology and Finance. Meanwhile, AVEE focuses on Technology, Non-Energy Materials and Finance.
What are the top holdings of the FEMS ETF and AVEE ETF?
FEMS top holdings include ITEQ Corp., Holy Stone Enterprise Co., Ltd. and Kaori Heat Treatment Co., Ltd.. AVEE holds in its top three: LG Innotek Co., Ltd., Macronix International Co., Ltd. and Win Semiconductors Corp..
Which ETF is more diversified: FEMS or AVEE?
FEMS holds 172 securities with 20.38% of its assets in the top 15. AVEE has 2941 securities and a top 15 weight of 5.81%.
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