DIEM vs. EELV
DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and EELV (Invesco S&P Emerging Markets Low Volatility ETF) are both exchange-traded funds - DIEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Dividend Enhanced Select Index, while EELV is a Volatility Hedged Equity fund tracking the S&P BMI Emerging Markets Low Volatility Index. Both are passively managed. Over the past 10 years, DIEM returned 9.27%/yr vs 6.88%/yr for EELV. Their correlation of 0.83 suggests significant overlap in exposure. DIEM charges 0.19%/yr vs 0.30%/yr for EELV.
Performance
DIEM vs. EELV - Performance Comparison
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Returns By Period
In the year-to-date period, DIEM achieves a 29.85% return, which is significantly higher than EELV's 4.67% return. Over the past 10 years, DIEM has outperformed EELV with an annualized return of 9.27%, while EELV has yielded a comparatively lower 6.88% annualized return.
DIEM
- 1D
- -4.97%
- 1M
- 4.80%
- YTD
- 29.85%
- 6M
- 30.75%
- 1Y
- 53.23%
- 3Y*
- 27.25%
- 5Y*
- 11.58%
- 10Y*
- 9.27%
EELV
- 1D
- -0.69%
- 1M
- -0.11%
- YTD
- 4.67%
- 6M
- 4.56%
- 1Y
- 15.36%
- 3Y*
- 11.19%
- 5Y*
- 7.47%
- 10Y*
- 6.88%
DIEM vs. EELV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 29.85% | 30.81% | 12.29% | 15.41% | -20.61% | 6.92% | 1.27% | 12.23% | -11.29% | 27.61% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 4.67% | 21.97% | 1.90% | 8.85% | -3.98% | 16.15% | -3.89% | 8.89% | -5.40% | 24.89% |
Correlation
The correlation between DIEM and EELV is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | 0.83 |
The correlation between DIEM and EELV shifts across timeframes, from 0.69 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIEM vs. EELV — Risk / Return Rank
DIEM
EELV
DIEM vs. EELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) and Invesco S&P Emerging Markets Low Volatility ETF (EELV). 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.
| DIEM | EELV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 1.88 | +2.46 |
| Martin ratioReturn relative to average drawdown | 16.81 | 5.97 | +10.84 |
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Drawdowns
DIEM vs. EELV - Drawdown Comparison
The maximum DIEM drawdown since its inception was -38.61%, which is greater than EELV's maximum drawdown of -36.35%. Use the drawdown chart below to compare losses from any high point for DIEM and EELV.
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Drawdown Indicators
| DIEM | EELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -36.35% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -8.22% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -11.79% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.34% | -19.04% | -14.30% |
Max Drawdown (10Y)Largest decline over 10 years | -38.61% | -36.35% | -2.26% |
Current DrawdownCurrent decline from peak | -4.97% | -4.07% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -8.91% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.58% | +0.60% |
Volatility
DIEM vs. EELV - Volatility Comparison
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 12.21% compared to Invesco S&P Emerging Markets Low Volatility ETF (EELV) at 3.47%. This indicates that DIEM's price experiences larger fluctuations and is considered to be riskier than EELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIEM | EELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 3.47% | +8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.22% | 9.28% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 11.11% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 11.40% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 13.53% | +4.38% |
DIEM vs. EELV - Expense Ratio Comparison
DIEM has a 0.19% expense ratio, which is lower than EELV's 0.30% expense ratio.
Dividends
DIEM vs. EELV - Dividend Comparison
DIEM's dividend yield for the trailing twelve months is around 1.63%, less than EELV's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 1.63% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% | 0.00% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.93% | 3.75% | 4.70% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.50% | 2.92% | 2.29% | 2.53% |
Frequently Asked Questions
DIEM and EELV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIEM has higher volatility (12.21%) compared to EELV (3.47%). In terms of maximum drawdown, DIEM dropped -38.61% vs EELV's -36.35%.
On 10-year performance, DIEM leads with 9.27% vs 6.88% for EELV. On fees, DIEM is cheaper at 0.19% per year. On volatility, EELV has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIEM has performed better with a 9.27% return vs 6.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIEM is cheaper with a 0.19% expense ratio, compared with 0.30% for EELV.
EELV has the higher dividend yield at 3.93%, compared with 1.63% for DIEM.
DIEM is categorized as Emerging Markets Diversified, while EELV is Volatility Hedged Equity. DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while EELV tracks S&P BMI Emerging Markets Low Volatility Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.19% for DIEM and 0.30% for EELV.
DIEM currently has the higher Sharpe Ratio (2.55 vs 1.39), 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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