- Issuer
- iShares
- Inception Date
- Nov 30, 2012
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
EMMV.L Performance Chart
iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) is up 13.8% since the beginning of the year. EMMV.L is currently trading at $44 per share. Investors who bought $1,000 worth of EMMV.L shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) has returned 13.79% so far this year and 18.29% over the past 12 months. Over the last ten years, EMMV.L has returned 5.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)
- 1D
- -0.54%
- 1M
- -5.44%
- 6M
- 10.56%
- YTD
- 13.79%
- 1Y
- 18.29%
- 3Y*
- 12.03%
- 5Y*
- 5.32%
- 10Y*
- 5.68%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
EMMV.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 2012, EMMV.L's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +11.4%, while the worst month was Mar 2020 at -10.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMMV.L closed higher 51% of trading days. The best single day was Apr 8, 2026 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.76% | 2.96% | -8.47% | 11.37% | 7.95% | 0.31% | -4.43% | 13.79% | |||||
| 2025 | 0.84% | -1.73% | 1.21% | 2.41% | 1.70% | 3.88% | -1.40% | 1.12% | 1.86% | 1.56% | -0.16% | 0.78% | 12.62% |
| 2024 | -2.30% | 3.29% | 0.47% | -1.06% | 0.25% | 2.95% | 2.65% | 2.17% | 5.81% | -4.26% | -0.72% | -0.84% | 8.30% |
| 2023 | 2.86% | -3.51% | 3.43% | 2.18% | -3.21% | 3.27% | 2.96% | -4.52% | -1.69% | -3.87% | 6.37% | 4.24% | 8.03% |
| 2022 | -1.11% | -0.27% | -0.90% | -3.59% | -2.00% | -4.58% | 0.48% | -1.35% | -7.76% | -1.43% | 8.40% | -0.31% | -14.19% |
| 2021 | 0.21% | 0.73% | 1.94% | -0.25% | 2.45% | 0.31% | -3.66% | 3.65% | -1.99% | 0.10% | -1.95% | 3.03% | 4.40% |
Benchmark Metrics
iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) has an annualized alpha of -0.87%, beta of 0.44, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since November 30, 2012.
- This ETF participated in 75.37% of S&P 500 Index downside but only 49.04% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.44 may look defensive, but with R2 of 0.25 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.87%
- Beta
- 0.44
- R²
- 0.25
- Upside Capture
- 49.04%
- Downside Capture
- 75.37%
Expense Ratio
EMMV.L has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMMV.L ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMMV.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.09 | 10.19 | -4.10 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) was 32.15%, occurring on Mar 23, 2020. Recovery took 195 trading sessions.
The current iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) drawdown is 6.62%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-32.15%Mar 2020 | 2y 1mo | 9mo 12d | 2y 11moJan 2018 - Dec 2020 | COVID crash2020 |
-29.93%Jan 2016 | 8mo 27d | 1y 11mo | 2y 7moApr 2015 - Dec 2017 | — |
-22.34%Oct 2022 | 1y 1mo | 1y 10mo | 3y 13dSep 2021 - Sep 2024 | Bear market2022 |
-16.17%Jun 2013 | 1mo 16d | 1y 28d | 1y 2moMay 2013 - Jul 2014 | — |
-12.60%Dec 2014 | 3mo 11d | 4mo 9d | 7mo 20dSep 2014 - Apr 2015 | — |
Drawdown Indicators
| EMMV.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.15% | -56.78% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -9.10% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -18.90% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -25.43% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | -33.92% | +1.77% |
Current DrawdownCurrent decline from peak | -6.62% | -0.49% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -10.70% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.09% | +0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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