DMDV vs. EEMD

Last updated Jun 3, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and EEMD (AAM S&P Emerging Markets High Dividend Value ETF) are both exchange-traded funds - DMDV is a Foreign Large Cap Equities fund tracking the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while EEMD is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend and Free Cash Flow Yield. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DMDV charges 0.39%/yr vs 0.50%/yr for EEMD.

Performance

DMDV vs. EEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Developed Markets High Dividend Value ETF (DMDV) and AAM S&P Emerging Markets High Dividend Value ETF (EEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EEMD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DMDV vs. EEMD - Yearly Performance Comparison

	2024 (YTD)	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%
EEMD AAM S&P Emerging Markets High Dividend Value ETF	9.61%	17.60%	-11.21%	5.54%	-0.35%	12.55%	-2.30%

Correlation

The correlation between DMDV and EEMD is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	0.70

The correlation between DMDV and EEMD has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

DMDV vs. EEMD - Sectors Allocation Comparison

Sectors	DMDV	EEMD
Industrials	12.5%	8.2%
Real Estate	10.0%	9.8%
Consumer Defensive	9.4%	9.7%
Utilities	9.2%	11.3%
Communication Services	9.1%	9.1%
Financial Services	9.0%	9.0%
Basic Materials	9.0%	7.4%
Healthcare	8.9%	9.5%
Consumer Cyclical	8.7%	8.8%
Technology	7.6%	6.6%
Energy	6.6%	10.6%

Return for Risk

DMDV vs. EEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Developed Markets High Dividend Value ETF (DMDV) and AAM S&P Emerging Markets High Dividend Value ETF (EEMD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

DMDV vs. EEMD - Expense Ratio Comparison

DMDV has a 0.39% expense ratio, which is lower than EEMD's 0.50% expense ratio.

Dividends

DMDV vs. EEMD - Dividend Comparison

Neither DMDV nor EEMD has paid dividends to shareholders.

Position	TTM	2023	2022	2021	2020	2019	2018	2017
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%	0.00%
EEMD AAM S&P Emerging Markets High Dividend Value ETF	0.00%	8.41%	7.66%	6.34%	3.84%	5.35%	4.91%	0.42%

Frequently Asked Questions

Can I hold both DMDV and EEMD in my portfolio?

DMDV and EEMD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMDV or EEMD?

On fees, DMDV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or EEMD?

DMDV is cheaper with a 0.39% expense ratio, compared with 0.50% for EEMD.

Which ETF pays a higher dividend yield, DMDV or EEMD?

DMDV and EEMD have nearly identical dividend yields, around 0.00%.

What is the main difference between DMDV and EEMD?

DMDV is categorized as Foreign Large Cap Equities, while EEMD is Emerging Markets Equities. DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while EEMD tracks S&P Emerging Markets Dividend and Free Cash Flow Yield. Their fees differ too: 0.39% for DMDV and 0.50% for EEMD.