GMFvsAVEMETF Comparison
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State Street SPDR S&P Emerging Asia Pacific ETF (GMF) and Avantis Emerging Markets Equity ETF (AVEM) belong to the same industry segment: EM Blended Cap. GMF's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, AVEM's top sector exposures are Technology, Finance and Non-Energy Materials. GMF is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.33% for AVEM. GMF is up 13% year-to-date (YTD) with +$2M in YTD flows. AVEM performs better with 23.33% YTD performance, and +$7.93B in YTD flows. Run a side-by-side ETF comparison of GMF and AVEM 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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GMF vs AVEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMF AVEM | +2.29%+4.40% | -1.34%-4.00% | +13.00%+23.33% | +20.91%+36.23% | +65.11%+88.35% | +35.63%+61.39% |
| Flows | GMF AVEM | -$8M+$1.06B | +$24M+$2.74B | +$2M+$7.93B | -$12M+$10.89B | -$82M+$16.96B | -$231M+$19.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMF AVEM | +18.97%+28.70% | +16.75%+21.44% | +15.23%+17.28% | +16.05%+17.29% |
| Max drawdown | GMF AVEM | -8.05%-14.15% | -11.55%-14.15% | -18.08%-17.41% | -33.81%-31.70% |
| Max drawdown duration | GMF AVEM | 72d71d | 65d71d | 261d232d | 1114d1029d |
Trading data
GMF | AVEM | |
Last sale 9/2/2026 at 1:30 PM | $157.28 | $94.81 |
| Previous close 09/02/2026 | $156.88 | $94.26 |
| Consolidated volume 09/02/2026 | ||
| 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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AVEM
is actively managed and doesn’t replicate an indexGMF | AVEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
GMF | AVEM | |
|---|---|---|
| Last price | $157.28 | $94.81 |
| 1D performance | +0.25% | +0.58% |
| AuM | $432.10 M | $28.15 B |
| E/R | 0.49% | 0.33% |
Characteristics
GMF | AVEM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | American Century Investments |
| Benchmark | S&P Emerging Asia Pacific BMI Index | - |
| N° of holdings | 1232 | 3864 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2007 | September 17, 2019 |
| ESG | No | No |
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Exposure
Countries
GMF
Taiwan
38.52%
China
31.14%
India
20.2%
Other
10.14%
AVEM
Taiwan
26.14%
Republic of Korea
18.46%
China
16.89%
India
12.89%
Other
25.62%
Sectors
GMF
Technology
41.61%
Finance
18.26%
Consumer Non-Cycl.
7.23%
Non-Energy Materi.
7.2%
Other
25.7%
AVEM
Technology
37.11%
Finance
23.27%
Non-Energy Materi.
8.18%
Industrials
7.44%
Other
24%
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Diversification
GMF
Total weight of top 15 holdings out of 15
35.09%
AVEM
Total weight of top 15 holdings out of 15
30.67%
Top 15 holdings
Data as of July 31, 2026
GMF
Taiwan Semiconductor Manufacturing Co., Ltd.
11.46%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.74%
Tencent Holdings Ltd.
3.75%
Alibaba Group Holding Ltd.
2.87%
MediaTek, Inc.
1.87%
Hon Hai Precision Industry Co., Ltd.
1.23%
China Construction Bank Corp.
1.22%
Delta Electronics, Inc.
1.07%
Reliance Industries Ltd.
0.96%
HDFC Bank Ltd.
0.94%
ICICI Bank Ltd.
0.92%
ASE Technology Holding Co., Ltd.
0.88%
Industrial & Commercial Bank of China Ltd.
0.84%
Bharti Airtel Ltd.
0.67%
PDD Holdings, Inc.
0.65%
AVEM
Taiwan Semiconductor Manufacturing Co., Ltd.
6.44%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.36%
SK hynix, Inc.
5.33%
Samsung Electronics Co., Ltd.
4.87%
Tencent Holdings Ltd.
1.83%
China Construction Bank Corp.
0.98%
MediaTek, Inc.
0.88%
Alibaba Group Holding Ltd.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.66%
Chroma Ate, Inc.
0.65%
NetEase, Inc.
0.58%
Bank of China Ltd.
0.57%
PDD Holdings, Inc.
0.57%
United Microelectronics Corp.
0.56%
Industrial & Commercial Bank of China Ltd.
0.56%
Frequently asked questions about GMF and AVEM
How have the GMF and AVEM ETFs performed in 2026?
As of September 2, 2026, GMF is up 13% year-to-date (YTD), while AVEM has returned 23.33%. That puts AVEM better performer ahead so far this year.
Which ETF is attracting more investor money: GMF or AVEM?
Year-to-date, the GMF ETF saw +$2M in flows, compared to +$7.93B for AVEM.
Which ETF is more volatile: GMF or AVEM?
Over the past year, GMF had a volatility of 16.75%, while AVEM experienced 21.44%.
Which ETF is bigger: GMF or AVEM?
As of September 2, 2026, GMF holds $432.10 M in assets under management (AUM), while AVEM manages $28.15 B.
What sectors do the GMF and AVEM ETFs invest in?
GMF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, AVEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the GMF ETF and AVEM ETF?
GMF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd.. AVEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: GMF or AVEM?
GMF holds 1261 securities with 35.09% of its assets in the top 15. AVEM has 3940 securities and a top 15 weight of 30.67%.
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Latest news about GMF & AVEM
These are the Three Fastest-Growing NYSE Listed Actively Managed ETFs Of 2023 So Far
September 6, 2023
AVEM
Avantis Plans to Launch New Suite of Value Factor ETFs
May 5, 2023
AVEM
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