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 Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -16.8% (compared to the benchmark's drawdown of -34.0%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 11.4%, compared to a Buy-and-Hold benchmark return of 20.1%. The strategy executed 49 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.
Available in Investing Mode
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
Available in Investing Mode
AVEM Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 40.14% | 52.94% | 4.73% | 9.75% | 11.42% | 20.10% |
| Sharpe Ratio | 2.06 | 2.20 | 0.42 | 0.51 | 0.90 | 0.95 |
| Max Drawdown | -11.11% | -13.13% | -15.52% | -34.00% | -16.75% | -34.00% |
| % Time Invested | 100.0% | 100.0% | 82.5% | 100.0% | 85.6% | 100.0% |
| Trades / Year | 2.0 | 0.0 | 8.2 | 0.0 | 7.9 | 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 |
|---|---|---|---|---|---|---|---|
| 2026-05-07 | Open | Open | 33.33% | $95.13 | $96.94 | 1.90% | Mark-to-Market |
| 2026-04-23 | Open | Open | 33.33% | $88.75 | $96.94 | 9.23% | Mark-to-Market |
| 2026-04-10 | Open | Open | 33.33% | $86.25 | $96.94 | 12.39% | Mark-to-Market |
| 2026-05-04 | 2026-05-07 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2026-04-15 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.19% | Interest Income |
| 2026-03-31 | 2026-04-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2025-05-20 | 2026-04-15 | Completed | 33.33% | $62.67 | $87.79 | 40.08% | Signal |
| 2026-03-04 | 2026-04-10 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.35% | Interest Income |
| 2025-05-12 | 2026-03-31 | Completed | 33.33% | $62.15 | $78.07 | 25.62% | Stop |
| 2025-12-12 | 2026-03-04 | Completed | 33.33% | $76.33 | $82.93 | 8.64% | Stop |
| 2025-11-19 | 2025-12-12 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2025-09-03 | 2025-11-19 | Completed | 33.33% | $70.12 | $74.60 | 6.40% | Signal |
| 2025-08-11 | 2025-09-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2025-04-30 | 2025-08-11 | Completed | 33.33% | $58.85 | $69.41 | 17.95% | Signal |
| 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 | 1.19% | Interest Income |
| 2025-01-14 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.07% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-03-05 | 2025-04-08 | Completed | 33.33% | $58.83 | $53.74 | -8.65% | Stop |
| 2025-04-01 | 2025-04-07 | Completed | 33.33% | $58.61 | $52.07 | -11.16% | Signal |
| 2025-03-10 | 2025-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2025-01-30 | 2025-03-10 | Completed | 33.33% | $58.03 | $58.58 | 0.96% | Signal |
| 2024-12-04 | 2025-03-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.24% | Interest Income |
| 2024-12-26 | 2025-01-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2024-01-16 | 2025-01-14 | Completed | 33.33% | $51.29 | $56.19 | 9.56% | Signal |
| 2024-12-10 | 2024-12-26 | Completed | 33.33% | $59.56 | $57.91 | -2.77% | Signal |
| 2024-10-23 | 2024-12-10 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.80% | Interest Income |
| 2024-09-27 | 2024-12-04 | Completed | 33.33% | $62.67 | $58.84 | -6.10% | Signal |
| 2024-10-03 | 2024-10-23 | Completed | 33.33% | $61.98 | $60.71 | -2.04% | Signal |
| 2024-10-02 | 2024-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2024-09-11 | 2024-10-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2024-08-13 | 2024-09-27 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2024-08-21 | 2024-09-11 | Completed | 33.33% | $58.80 | $56.50 | -3.91% | Signal |
| 2024-08-02 | 2024-08-21 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2023-12-06 | 2024-08-13 | Completed | 33.33% | $50.84 | $57.16 | 12.42% | Signal |
| 2024-07-30 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2024-07-02 | 2024-07-30 | Completed | 33.33% | $58.36 | $57.30 | -1.81% | Signal |
| 2024-06-07 | 2024-07-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2024-05-03 | 2024-06-07 | Completed | 33.33% | $56.88 | $57.57 | 1.23% | Signal |
| 2024-04-02 | 2024-05-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income |
| 2024-02-09 | 2024-04-02 | Completed | 33.33% | $52.79 | $55.20 | 4.56% | Signal |
| 2024-01-18 | 2024-02-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income |
| 2023-11-17 | 2024-01-18 | Completed | 33.33% | $50.53 | $50.38 | -0.29% | Signal |
| 2023-10-24 | 2024-01-16 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.47% | Interest Income |
| 2023-09-12 | 2023-12-06 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.27% | Interest Income |
| 2023-10-26 | 2023-11-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2023-10-23 | 2023-10-26 | Completed | 33.33% | $47.13 | $47.09 | -0.10% | Signal |
| 2023-07-19 | 2023-10-24 | Completed | 33.33% | $51.42 | $47.75 | -7.12% | Signal |
| 2023-09-22 | 2023-10-23 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income |
| 2023-09-06 | 2023-09-22 | Completed | 33.33% | $50.16 | $49.62 | -1.07% | Signal |
| 2023-05-12 | 2023-09-12 | Completed | 33.33% | $47.80 | $49.69 | 3.94% | Signal |
| 2023-08-14 | 2023-09-06 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2023-07-28 | 2023-08-14 | Completed | 33.33% | $52.62 | $49.44 | -6.05% | Signal |
| 2023-07-06 | 2023-07-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.45% | Interest Income |
| 2023-06-02 | 2023-07-19 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.84% | Interest Income |
| 2023-06-21 | 2023-07-06 | Completed | 33.33% | $50.02 | $49.31 | -1.42% | Signal |
| 2023-06-02 | 2023-06-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2023-05-26 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2023-05-15 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2023-05-23 | 2023-05-26 | Completed | 33.33% | $48.09 | $47.76 | -0.69% | Signal |
| 2023-05-01 | 2023-05-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2023-01-17 | 2023-05-15 | Completed | 33.33% | $49.74 | $48.11 | -3.29% | Signal |
| 2023-04-04 | 2023-05-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.48% | Interest Income |
| 2023-03-31 | 2023-05-01 | Completed | 33.33% | $48.36 | $48.15 | -0.44% | Signal |
| 2023-03-24 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.75% | Interest Income |
| 2023-02-13 | 2023-03-31 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-12-02 | 2023-03-24 | Completed | 33.33% | $46.80 | $47.20 | 0.86% | Signal |
| 2023-01-24 | 2023-02-13 | Completed | 33.33% | $50.82 | $49.27 | -3.06% | Signal |
| 2022-12-29 | 2023-01-24 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.72% | Interest Income |
| 2022-12-02 | 2023-01-17 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.90% | Interest Income |
| 2022-11-08 | 2022-12-29 | Completed | 33.33% | $43.36 | $46.38 | 6.96% | Signal |
| 2022-10-04 | 2022-12-02 | 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 | 2022-11-08 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2022-09-23 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.40% | 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 |
| 2022-09-16 | 2022-09-23 | Completed | 33.33% | $44.94 | $43.22 | -3.82% | Signal |
| 2022-09-02 | 2022-09-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2022-09-01 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2022-08-01 | 2022-09-01 | Completed | 33.33% | $46.37 | $46.09 | -0.60% | Signal |
| 2022-03-07 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2022-03-02 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income |
| 2022-06-22 | 2022-08-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2022-05-27 | 2022-06-22 | Completed | 33.33% | $49.48 | $46.31 | -6.41% | Signal |
| 2022-04-20 | 2022-05-27 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2022-03-25 | 2022-04-20 | Completed | 33.33% | $52.70 | $52.05 | -1.23% | Signal |
| 2022-03-02 | 2022-03-25 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2022-02-09 | 2022-03-07 | Completed | 33.33% | $57.13 | $51.42 | -10.00% | Signal |
| 2022-02-23 | 2022-03-02 | Completed | 33.33% | $55.86 | $53.40 | -4.40% | Signal |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-01-31 | 2022-02-23 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2022-01-04 | 2022-02-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-01-24 | 2022-01-31 | Completed | 33.33% | $55.39 | $55.11 | -0.50% | Signal |
| 2022-01-04 | 2022-01-24 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-12-30 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-11-02 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2021-11-02 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2021-12-20 | 2021-12-30 | Completed | 33.33% | $54.42 | $56.14 | 3.17% | Signal |
| 2021-11-09 | 2021-12-20 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-10-19 | 2021-11-09 | Completed | 33.33% | $57.91 | $57.26 | -1.13% | Signal |
| 2021-09-21 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2021-09-02 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2021-09-24 | 2021-10-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2021-09-03 | 2021-09-24 | Completed | 33.33% | $59.09 | $56.84 | -3.82% | Signal |
| 2020-07-07 | 2021-09-21 | Completed | 33.33% | $43.13 | $56.23 | 30.37% | Signal |
| 2021-09-02 | 2021-09-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2021-08-12 | 2021-09-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-08-03 | 2021-09-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2021-05-05 | 2021-08-12 | Completed | 33.33% | $58.22 | $57.76 | -0.81% | Signal |
| 2021-06-28 | 2021-08-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2021-06-09 | 2021-06-28 | Completed | 33.33% | $60.64 | $60.98 | 0.56% | Signal |
| 2021-05-17 | 2021-06-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2021-04-23 | 2021-05-17 | Completed | 33.33% | $58.75 | $57.66 | -1.85% | Signal |
| 2021-05-04 | 2021-05-05 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2021-04-13 | 2021-05-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2021-04-05 | 2021-04-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-05-19 | 2021-04-13 | Completed | 33.33% | $37.63 | $57.10 | 51.76% | Signal |
| 2021-03-31 | 2021-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income |
| 2021-03-29 | 2021-03-31 | Completed | 33.33% | $56.42 | $56.63 | 0.37% | Signal |
| 2021-03-05 | 2021-03-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2020-10-12 | 2021-03-05 | Completed | 33.33% | $46.26 | $56.97 | 23.17% | Signal |
| 2020-09-15 | 2020-10-12 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2020-04-06 | 2020-09-15 | Completed | 33.33% | $34.45 | $45.79 | 32.93% | Signal |
| 2020-06-02 | 2020-07-07 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.57% | Interest Income |
| 2020-04-01 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2020-03-18 | 2020-05-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2020-03-18 | 2020-04-06 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-03-20 | 2020-04-01 | Completed | 33.33% | $32.55 | $32.92 | 1.13% | Signal |
| 2020-03-18 | 2020-03-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |