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. Both ETFs have the same top 3 sector exposures: 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 9.62% year-to-date (YTD) with -$21M in YTD flows. AVEM performs better with 16.82% YTD performance, and +$8.71B 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 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMF AVEM | -1.49%-4.04% | -0.90%-1.24% | +9.62%+16.82% | +9.62%+20.07% | +65.06%+83.43% | +32.79%+56.20% |
| Flows | GMF AVEM | -$24M+$434M | -$32M+$2.61B | -$21M+$8.71B | -$36M+$10.73B | -$96M+$17.60B | -$242M+$20.71B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMF AVEM | +15.69%+19.54% | +16.76%+21.68% | +15.28%+17.46% | +16.04%+17.38% |
| Max drawdown | GMF AVEM | -4.84%-8.12% | -11.55%-14.15% | -18.08%-17.41% | -33.25%-30.47% |
| Max drawdown duration | GMF AVEM | 24d11d | 65d116d | 261d232d | 1044d938d |
Trading data
GMF | AVEM | |
Last sale 10/16/2026 at 1:30 PM | $150.51 | $88.89 |
| Previous close 10/15/2026 | $153.12 | $90.40 |
| Consolidated volume 10/15/2026 | ||
| 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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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 10/16/2026 at 1:30 PM
Live
Closed
GMF | AVEM | |
|---|---|---|
| Last price | $150.51 | $88.89 |
| 1D performance | -1.70% | -1.67% |
| AuM | $396.31 M | $27.22 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 | 3918 |
| 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
40.55%
China
30.25%
India
19.53%
Other
9.67%
AVEM
Taiwan
27.59%
Republic of Korea
19.85%
China
15.45%
India
12.3%
Other
24.81%
Sectors
GMF
Technology
42.64%
Finance
17.97%
Non-Energy Materi.
7.87%
Industrials
7.06%
Other
24.45%
AVEM
Technology
38.9%
Finance
22.07%
Non-Energy Materi.
8.57%
Industrials
7.44%
Other
23.03%
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Diversification
GMF
Total weight of top 15 holdings out of 15
34.45%
AVEM
Total weight of top 15 holdings out of 15
31.02%
Top 15 holdings
Data as of August 31, 2026
GMF
Taiwan Semiconductor Manufacturing Co., Ltd.
11.35%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.66%
Tencent Holdings Ltd.
3.45%
Alibaba Group Holding Ltd.
2.70%
MediaTek, Inc.
2.04%
China Construction Bank Corp.
1.21%
Hon Hai Precision Industry Co., Ltd.
1.20%
Delta Electronics, Inc.
1.18%
ASE Technology Holding Co., Ltd.
0.91%
ICICI Bank Ltd.
0.91%
Reliance Industries Ltd.
0.89%
HDFC Bank Ltd.
0.86%
Industrial & Commercial Bank of China Ltd.
0.82%
Elite Material Co., Ltd.
0.68%
United Microelectronics Corp.
0.60%
AVEM
Taiwan Semiconductor Manufacturing Co., Ltd.
6.18%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.72%
SK hynix, Inc.
5.57%
Samsung Electronics Co., Ltd.
5.14%
Tencent Holdings Ltd.
1.64%
MediaTek, Inc.
0.93%
China Construction Bank Corp.
0.92%
Alibaba Group Holding Ltd.
0.74%
Hon Hai Precision Industry Co., Ltd.
0.66%
LG Electronics, Inc.
0.65%
United Microelectronics Corp.
0.65%
Chroma Ate, Inc.
0.58%
Anglogold Ashanti Plc
0.57%
Bank of China Ltd.
0.55%
Delta Electronics, Inc.
0.54%
Frequently asked questions about GMF and AVEM
How have the GMF and AVEM ETFs performed in 2026?
As of October 16, 2026, GMF is up 9.62% year-to-date (YTD), while AVEM has returned 16.82%. 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 -$21M in flows, compared to +$8.71B for AVEM.
Which ETF is more volatile: GMF or AVEM?
Over the past year, GMF had a volatility of 16.76%, while AVEM experienced 21.68%.
Which ETF is bigger: GMF or AVEM?
As of October 16, 2026, GMF holds $396.31 M in assets under management (AUM), while AVEM manages $27.22 B.
What sectors do the GMF and AVEM ETFs invest in?
GMF leans toward sectors like Technology, Finance and Non-Energy Materials. 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 34.45% of its assets in the top 15. AVEM has 3978 securities and a top 15 weight of 31.02%.
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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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