IEM vs VGE vs EMKT vs AVTE - Compare ETFs side by side

At a glance

Comparing IEM, VGE, EMKT, and AVTE. AVTE has the lowest management fee at 0.45% a year, IEM has the highest 10 years return at 9.2% a year, and EMKT offers the highest at 12.84%.

Lowest fee

AVTE 0.45% p.a.

Highest 10 years return

IEM 9.2% p.a.

Highest yield

EMKT 12.84%

Highest risk-adjusted

IEM Sharpe 0.61 (10y)

Lowest volatility

VGE 10.3% (10y)

Largest fund

VGE $2.2bn

Side-by-side comparison

Metric	IEM iShares MSCI Emerging Markets ETF	VGE Vanguard FTSE Emerging Markets Shares ETF	EMKT VanEck MSCI Multifactor Emerging Markets Equity ETF	AVTE Avantis Emerging Markets Equity Active ETF
Snapshot
Provider	iShares	Vanguard	VanEck	Avantis
Tracks index	MSCI Emerging Markets Index	FTSE Emerging Markets All Cap China A Inclusion Index	MSCI Emerging Markets Diversified Multiple-Factor Index	MSCI Emerging Markets Index
Categories	EM, Market-Cap	EM, Market-Cap	EM, Factor	EM, Factor
Listed since	—	2013 (13 yrs)	2018 (8 yrs)	2024 (2 yrs)
Fund size (AUM)	$1.8bn	$2.2bn	$842m	$60m
Cost & income
Management fee	0.71%	0.48%	0.69%	0.45%
Dividend yield	1.4%	1.73%	12.84%	0%
Franking	0%	0%	0%	0%
Turnover	—	10%	30%	25%
Tax drag	0.45%	0.79%	4.83%	0.6%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	22.3% net	5.8% net	40.9% net	19.6% net
3-year return	20.5% net	14.2% net	27.1% net	—
5-year return	8.9% net	6.5% net	16.3% net	—
10-year return	9.2% net	7.8% net	—	—
Risk
Volatility (3y)	12.8%	8%	16.6%	—
Volatility (5y)	13.6%	10.3%	15.1%	—
Volatility (10y)	12.1%	10.3%	—	—
Sharpe ratio (3y)	1.2	1.2	1.29	—
Sharpe ratio (5y)	0.46	0.34	0.87	—
Sharpe ratio (10y)	0.61	0.56	—	—
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

IEM iShares MSCI Emerging Markets ETF

Top-10% returns over 1 year (33rd of 318 ETFs we track).

A 0.71% management fee is high and compounds against you over time.

Full IEM analysis →

VGE Vanguard FTSE Emerging Markets Shares ETF

Pricier than similar ETFs, which average around 0.28%.

Full VGE analysis →

EMKT VanEck MSCI Multifactor Emerging Markets Equity ETF

Top-4% returns over 1 year (14th of 318 ETFs we track).
High 12.84% income yield — good for investors who want regular cash flow.

Pricier than similar ETFs, which average around 0.39%.

Full EMKT analysis →

AVTE Avantis Emerging Markets Equity Active ETF

Top-13% returns over 1 year (41st of 318 ETFs we track).

Pricier than similar ETFs, which average around 0.39%.

Full AVTE analysis →

Frequently Asked Questions

What's the difference between IEM vs VGE vs EMKT vs AVTE?

IEM, VGE, EMKT, and AVTE are 4 Australian-listed ETFs we compare side by side. AVTE carries the lowest management fee (0.45%). Over 10 years, IEM has delivered the highest total return (9.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - IEM vs VGE vs EMKT vs AVTE?

AVTE has the lowest management fee at 0.45% a year, versus IEM 0.71%, VGE 0.48%, and EMKT 0.69%.

Which has performed highest - IEM vs VGE vs EMKT vs AVTE?

Over the past 10 years, IEM has delivered the highest total return at 9.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

EMKT pays the highest at 12.84%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VGE is the largest fund by assets ($2.2bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

IEM vs B1SM IEM vs BEMG IEM vs EMXC IEM vs FEMX VGE vs IZZ VGE vs NDIA VGE vs VAE VGE vs VEU

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.