AVEM Avantis Emerging Markets Equity ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for AVEM (Avantis Emerging Markets Equity ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -14.7% (compared to the benchmark's drawdown of -31.3%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 7.3%, compared to a Buy-and-Hold benchmark return of 11.2%. The strategy executed 13 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
AVEM Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 40.69% | 52.94% | 6.84% | 9.75% | 7.27% | 11.23% |
| Sharpe Ratio | 1.89 | 2.20 | 0.56 | 0.51 | 0.57 | 0.58 |
| Max Drawdown | -13.13% | -13.13% | -14.73% | -34.00% | -14.73% | -31.26% |
| % Time Invested | 100.0% | 100.0% | 80.2% | 100.0% | 85.0% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 2.6 | 0.0 | 2.8 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-04-23 | Open | Open | 33.33% | $88.75 | $96.94 | 9.23% | Mark-to-Market |
| 2026-04-23 | Open | Open | 33.33% | $88.75 | $96.94 | 9.23% | Mark-to-Market |
| 2025-05-01 | Open | Open | 33.33% | $59.25 | $96.94 | 63.60% | Mark-to-Market |
| 2026-03-31 | 2026-04-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2026-03-31 | 2026-04-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2025-05-20 | 2026-03-31 | Completed | 33.33% | $62.67 | $78.07 | 24.57% | Stop |
| 2025-05-12 | 2026-03-31 | Completed | 33.33% | $62.15 | $78.07 | 25.62% | Stop |
| 2025-05-02 | 2025-05-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2025-05-02 | 2025-05-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-04-01 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income |
| 2025-01-13 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.11% | Interest Income |
| 2024-02-26 | 2025-04-08 | Completed | 33.33% | $54.10 | $53.74 | -0.67% | Stop |
| 2024-02-14 | 2025-04-01 | Completed | 33.33% | $52.72 | $58.61 | 11.17% | Signal |
| 2024-01-16 | 2025-01-13 | Completed | 33.33% | $51.29 | $55.34 | 7.91% | Signal |
| 2023-06-02 | 2024-02-26 | Interest (FLOT) | 33.33% | $1.00 | $1.05 | 4.99% | Interest Income |
| 2024-01-23 | 2024-02-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income |
| 2024-01-11 | 2024-01-23 | Completed | 33.33% | $51.79 | $50.67 | -2.15% | Signal |
| 2023-10-24 | 2024-01-16 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.47% | Interest Income |
| 2023-12-18 | 2024-01-11 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.42% | Interest Income |
| 2023-04-14 | 2023-12-18 | Completed | 33.33% | $49.10 | $51.82 | 5.54% | Signal |
| 2023-07-19 | 2023-10-24 | Completed | 33.33% | $51.42 | $47.75 | -7.12% | Signal |
| 2023-06-02 | 2023-07-19 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.84% | Interest Income |
| 2023-05-16 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2023-04-04 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2023-01-17 | 2023-05-16 | Completed | 33.33% | $49.74 | $48.13 | -3.24% | Signal |
| 2023-04-04 | 2023-04-14 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2022-12-02 | 2023-01-17 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.90% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-07-14 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2022-03-02 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income |
| 2022-03-02 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income |
| 2022-04-06 | 2022-07-14 | Completed | 33.33% | $53.34 | $44.73 | -16.15% | Stop |
| 2022-03-15 | 2022-04-06 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-09-14 | 2022-03-15 | Completed | 33.33% | $58.65 | $48.30 | -17.65% | Stop |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2021-12-08 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-11-02 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2021-09-14 | 2021-12-08 | Completed | 33.33% | $58.65 | $56.38 | -3.86% | Signal |
| 2021-09-22 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-09-14 | 2021-09-22 | Completed | 33.33% | $58.65 | $56.79 | -3.16% | Signal |
| 2021-09-10 | 2021-09-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2021-09-10 | 2021-09-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2021-09-10 | 2021-09-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |