AVEE
Avantis Emerging Markets Small Cap Equity ETF
Avantis Emerging Markets Sm Cp Eq ETF seeks to achieve long-term capital appreciation by investing primarily in equity securities of small-cap companies located in emerging markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
69.5 M
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
| Fund sponsor | Avantis |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 07, 2023 |
| Assets (mns) | $70 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HYOSUNG HEAVY INDUSTRIES CO LTD ORDINARY | 0.5 % |
| LI NING CO LTD | 0.4 % |
| DANA GAS | 0.4 % |
| MINMETALS RESOURCES LTD | 0.3 % |
| MACRONIX INTERNATIONAL | 0.3 % |
| MEITU, INC | 0.3 % |
| 3SBIO INC | 0.3 % |
| MPI CORP | 0.3 % |
| BS FINANCIAL GROUP INC | 0.3 % |
| L&K ENGINEERING CO LTD | 0.3 % |
Constituent Breakdown
| Number of holdings | 2584 |
| Herfindahl-Hirschman Index | 14 |
| Wgt avg mkt cap (mns) | $1,282 |
| Large cap (>$10bn) | 0.4% |
| Mid cap ($2-10bn) | 21.4% |
| Small cap (<$2bn) | 46.8% |
| Developed mkts. | 6.6% |
| Emerging mkts. | 65.2% |
Country Exposure
 |
TAIWAN | 14.4 % |
 |
CHINA | 11.5 % |
 |
INDIA | 10.5 % |
 |
SOUTH KOREA | 10.4 % |
 |
HONG KONG | 4.9 % |
 |
BRAZIL | 4.5 % |
 |
SOUTH AFRICA | 4.2 % |
 |
SAUDI ARABIA | 2.4 % |
 |
MEXICO | 1.8 % |
 |
INDONESIA | 1.6 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.1% | 17.1% | 8.1% | -- | -- | -- | -- | 10.9% |
| Dividend Yield | 2.7% | 2.7% | 3.0% | -- | -- | -- | -- | 3.1% |
| Total Returns | 19.8% | 19.8% | 11.0% | -- | -- | -- | -- | 14.0% | Ann. Volatility | 16.2% | 16.2% | 15.6% | -- | -- | -- | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 48% |
| MSCI EAFE | 0.77 | 60% |
| MSCI Emg Mkts | 0.86 | 87% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $1 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $62.58 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.40/0.24 |
| Bollinger Bands (Upper/Lower) | $64.08/$60.83 |
| Short interest (% of AUM) | 1.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AVEE |
Expenses vs. AVEE |
ALTAR Score™ vs. AVEE |
|---|---|---|---|---|
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | 32.4% | +28 bp | +6.8% |
| EWX | SPDR S&P Emerging Markets Small Cap ETF | 28.6% | +23 bp | +7.2% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 26.2% | +16 bp | +9.0% |
| AVES | Avantis Emerging Markets Value ETF | 18.6% | -6 bp | +9.6% |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 18.4% | +17 bp | +9.6% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 15.8% | +11 bp | +6.7% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 15.5% | -9 bp | +8.0% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 14.6% | -4 bp | +8.3% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 13.5% | -9 bp | +7.5% |
| DFEV | Dimensional Emerging Markets Value ETF | 13.4% | +1 bp | +11.1% |
Risk and Returns: AVEE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/12/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
AVEE
7.9%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. AVEE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places AVEE in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVEESELL
U/W
HOLD
O/W
BUY