GMFvsAVSEETF Comparison
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State Street SPDR S&P Emerging Asia Pacific ETF (GMF) and Avantis Responsible Emerging Markets Equity ETF (AVSE) belong to the same industry segment: EM Blended Cap. GMF's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, AVSE's top sector exposures are Technology, Finance and Industrials. GMF is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.33% for AVSE. GMF is up 13% year-to-date (YTD) with +$2M in YTD flows. AVSE performs better with 22.71% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of GMF and AVSE 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 AVSE 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 AVSE | +2.29%+3.96% | -1.34%-4.18% | +13.00%+22.71% | +20.91%+35.00% | +65.11%+86.57% | +35.63%n/a |
| Flows | GMF AVSE | -$8M- | +$24M+$19M | +$2M+$14M | -$12M+$23M | -$82M+$87M | -$231M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMF AVSE | +18.97%+30.28% | +16.75%+22.45% | +15.23%+17.60% | +16.05%n/a |
| Max drawdown | GMF AVSE | -8.05%-14.92% | -11.55%-14.92% | -18.08%-17.52% | -33.81%n/a |
| Max drawdown duration | GMF AVSE | 72d71d | 65d71d | 261d232d | 1114dn/a |
Trading data
GMF | AVSE | |
Last sale 9/3/2026 at 6:20 PM | $157.74 | $79.87 |
| Previous close 09/02/2026 | $157.28 | $79.53 |
| 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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AVSE
is actively managed and doesn’t replicate an indexGMF | AVSE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/3/2026 at 6:20 PM
Live
Closed
GMF | AVSE | |
|---|---|---|
| Last price | $157.74 | $79.87 |
| 1D performance | +0.29% | +0.43% |
| AuM | $432.10 M | $221.34 M |
| E/R | 0.49% | 0.33% |
Characteristics
GMF | AVSE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | American Century Investments |
| Benchmark | S&P Emerging Asia Pacific BMI Index | - |
| N° of holdings | 1232 | 2366 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2007 | March 28, 2022 |
| ESG | No | Yes |
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Exposure
Countries
GMF
Taiwan
38.52%
China
31.14%
India
20.2%
Other
10.14%
AVSE
Taiwan
26.41%
Republic of Korea
19.33%
China
15.66%
India
13.45%
Other
25.15%
Sectors
GMF
Technology
41.61%
Finance
18.26%
Consumer Non-Cycl.
7.23%
Non-Energy Materi.
7.2%
Other
25.7%
AVSE
Technology
38.18%
Finance
29.29%
Other
32.53%
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Diversification
GMF
Total weight of top 15 holdings out of 15
35.09%
AVSE
Total weight of top 15 holdings out of 15
31.17%
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%
AVSE
Taiwan Semiconductor Manufacturing Co., Ltd.
8.47%
SK hynix, Inc.
5.81%
Samsung Electronics Co., Ltd.
5.10%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.43%
Tencent Holdings Ltd.
1.63%
MediaTek, Inc.
1.56%
China Construction Bank Corp.
1.09%
Alibaba Group Holding Ltd.
0.99%
Hon Hai Precision Industry Co., Ltd.
0.77%
Industrial & Commercial Bank of China Ltd.
0.68%
ICICI Bank Ltd.
0.64%
Ping An Insurance (Group) Co. of China Ltd.
0.54%
NetEase, Inc.
0.54%
KB Financial Group, Inc.
0.46%
Yum China Holdings, Inc.
0.46%
Frequently asked questions about GMF and AVSE
How have the GMF and AVSE ETFs performed in 2026?
As of September 2, 2026, GMF is up 13% year-to-date (YTD), while AVSE has returned 22.71%. That puts AVSE better performer ahead so far this year.
Which ETF is attracting more investor money: GMF or AVSE?
Year-to-date, the GMF ETF saw +$2M in flows, compared to +$14M for AVSE.
Which ETF is more volatile: GMF or AVSE?
Over the past year, GMF had a volatility of 16.75%, while AVSE experienced 22.45%.
Which ETF is bigger: GMF or AVSE?
As of September 2, 2026, GMF holds $432.10 M in assets under management (AUM), while AVSE manages $221.34 M.
What sectors do the GMF and AVSE ETFs invest in?
GMF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, AVSE focuses on Technology and Finance.
What are the top holdings of the GMF ETF and AVSE ETF?
GMF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd.. AVSE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Samsung Electronics Co., Ltd..
Which ETF is more diversified: GMF or AVSE?
GMF holds 1261 securities with 35.09% of its assets in the top 15. AVSE has 2397 securities and a top 15 weight of 31.17%.
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