DEHP vs. EEM
DEHP (Dimensional Emerging Markets High Profitability ETF) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds. DEHP is actively managed, while EEM is passively managed. Over the past 3 years, DEHP returned 24.21%/yr vs 22.63%/yr for EEM. With a 0.97 correlation, they move nearly in lockstep. DEHP charges 0.41%/yr vs 0.72%/yr for EEM.
Performance
DEHP vs. EEM - Performance Comparison
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Returns By Period
In the year-to-date period, DEHP achieves a 31.03% return, which is significantly higher than EEM's 23.56% return.
DEHP
- 1D
- 0.65%
- 1M
- 3.16%
- YTD
- 31.03%
- 6M
- 31.72%
- 1Y
- 54.43%
- 3Y*
- 24.21%
- 5Y*
- —
- 10Y*
- —
EEM
- 1D
- 0.12%
- 1M
- 2.61%
- YTD
- 23.56%
- 6M
- 24.22%
- 1Y
- 43.09%
- 3Y*
- 22.63%
- 5Y*
- 6.39%
- 10Y*
- 9.88%
DEHP vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 31.03% | 32.86% | 4.47% | 12.31% | -9.73% |
EEM iShares MSCI Emerging Markets ETF | 23.56% | 33.98% | 6.49% | 8.95% | -5.70% |
Correlation
The correlation between DEHP and EEM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.97 |
The correlation between DEHP and EEM has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
DEHP vs. EEM — Risk / Return Rank
DEHP
EEM
DEHP vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and iShares MSCI Emerging Markets ETF (EEM). 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.
| DEHP | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 3.20 | +0.95 |
| Martin ratioReturn relative to average drawdown | 15.53 | 11.68 | +3.85 |
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Drawdowns
DEHP vs. EEM - Drawdown Comparison
The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for DEHP and EEM.
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Drawdown Indicators
| DEHP | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -66.43% | +43.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -13.52% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -17.29% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.82% | — |
Current DrawdownCurrent decline from peak | -6.10% | -5.56% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -15.99% | +10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.70% | -0.19% |
Volatility
DEHP vs. EEM - Volatility Comparison
Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 14.92% compared to iShares MSCI Emerging Markets ETF (EEM) at 12.59%. This indicates that DEHP's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEHP | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.92% | 12.59% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.69% | 20.71% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.59% | 22.76% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 19.55% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 20.67% | -1.10% |
DEHP vs. EEM - Expense Ratio Comparison
DEHP has a 0.41% expense ratio, which is lower than EEM's 0.72% expense ratio.
Dividends
DEHP vs. EEM - Dividend Comparison
DEHP's dividend yield for the trailing twelve months is around 1.33%, less than EEM's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 1.33% | 1.73% | 2.44% | 2.84% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 1.66% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Frequently Asked Questions
With a correlation of 0.96, DEHP and EEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DEHP has higher volatility (14.92%) compared to EEM (12.59%). In terms of maximum drawdown, DEHP dropped -22.90% vs EEM's -66.43%.
On 3-year performance, DEHP leads with 24.21% vs 22.63% for EEM. On fees, DEHP is cheaper at 0.41% per year. On volatility, EEM has been the lower-risk option at 12.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DEHP has performed better with a 24.21% return vs 22.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEHP is cheaper with a 0.41% expense ratio, compared with 0.72% for EEM.
EEM has the higher dividend yield at 1.66%, compared with 1.33% for DEHP.
They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.41% for DEHP and 0.72% for EEM.
DEHP currently has the higher Sharpe Ratio (2.23 vs 1.91), 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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