CTSH vs. IEMG
CTSH (Cognizant Technology Solutions Corporation) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, CTSH returned -1.30%/yr vs 8.90%/yr for IEMG. At a 0.44 correlation, their price movements are largely independent.
Performance
CTSH vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, CTSH achieves a -45.66% return, which is significantly lower than IEMG's 17.13% return. Over the past 10 years, CTSH has underperformed IEMG with an annualized return of -1.30%, while IEMG has yielded a comparatively higher 8.90% annualized return.
CTSH
- 1D
- 3.20%
- 1M
- -12.71%
- 6M
- -46.83%
- YTD
- -45.66%
- 1Y
- -39.19%
- 3Y*
- -11.80%
- 5Y*
- -6.63%
- 10Y*
- -1.30%
IEMG
- 1D
- -1.97%
- 1M
- -6.06%
- 6M
- 10.62%
- YTD
- 17.13%
- 1Y
- 31.69%
- 3Y*
- 18.63%
- 5Y*
- 6.68%
- 10Y*
- 8.90%
CTSH vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTSH Cognizant Technology Solutions Corporation | -45.66% | 9.68% | 3.46% | 34.38% | -34.54% | 9.64% | 33.93% | -1.07% | -9.66% | 27.57% |
IEMG iShares Core MSCI Emerging Markets ETF | 17.13% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between CTSH and IEMG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.44 |
The correlation between CTSH and IEMG shifts across timeframes, from -0.03 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CTSH vs. IEMG — Risk / Return Rank
CTSH
IEMG
CTSH vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cognizant Technology Solutions Corporation (CTSH) and iShares Core MSCI Emerging Markets ETF (IEMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CTSH | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.27 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.41 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.57 | 8.05 | -9.62 |
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Drawdowns
CTSH vs. IEMG - Drawdown Comparison
The maximum CTSH drawdown since its inception was -71.38%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for CTSH and IEMG.
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Drawdown Indicators
| CTSH | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.38% | -38.71% | -32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -54.78% | -13.21% | -41.57% |
Max Drawdown (3Y)Largest decline over 3 years | -56.08% | -17.21% | -38.87% |
Max Drawdown (5Y)Largest decline over 5 years | -56.08% | -33.68% | -22.40% |
Max Drawdown (10Y)Largest decline over 10 years | -56.08% | -38.71% | -17.37% |
Current DrawdownCurrent decline from peak | -49.47% | -9.17% | -40.30% |
Average DrawdownAverage peak-to-trough decline | -17.88% | -12.90% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.97% | 3.95% | +21.02% |
Volatility
CTSH vs. IEMG - Volatility Comparison
Cognizant Technology Solutions Corporation (CTSH) has a higher volatility of 18.81% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 9.60%. This indicates that CTSH's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTSH | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.81% | 9.60% | +9.21% |
Volatility (6M)Calculated over the trailing 6-month period | 32.41% | 21.04% | +11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.38% | 22.96% | +13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.63% | 19.18% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.18% | 20.23% | +8.95% |
Dividends
CTSH vs. IEMG - Dividend Comparison
CTSH's dividend yield for the trailing twelve months is around 2.87%, more than IEMG's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTSH Cognizant Technology Solutions Corporation | 2.87% | 1.49% | 1.56% | 1.54% | 1.89% | 1.08% | 1.07% | 1.29% | 1.26% | 0.63% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.30% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
CTSH and IEMG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTSH has higher volatility (18.81%) compared to IEMG (9.60%). In terms of maximum drawdown, CTSH dropped -71.38% vs IEMG's -38.71%.
IEMG currently has the higher Sharpe Ratio (1.39 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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