DMDV vs. IDEV

Last updated Jun 4, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds - DMDV tracks the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield while IDEV tracks the MSCI World ex USA Investable Market Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. DMDV charges 0.39%/yr vs 0.05%/yr for IDEV.

Performance

DMDV vs. IDEV - 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 iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

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

IDEV

• 1D: -0.90%
• 1M: 3.23%
• YTD: 8.92%
• 6M: 11.57%
• 1Y: 23.20%
• 3Y*: 17.40%
• 5Y*: 8.48%
• 10Y*: —

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

DMDV vs. IDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%
IDEV iShares Core MSCI International Developed Markets ETF	8.92%	32.56%	4.54%	17.36%	-14.99%	13.00%	8.32%	23.12%	-6.37%

Correlation

The correlation between DMDV and IDEV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	0.78

The correlation between DMDV and IDEV shifts across timeframes, from 0.54 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

DMDV vs. IDEV - Sectors Allocation Comparison

Sectors	DMDV	IDEV
Industrials	12.5%	19.1%
Real Estate	10.0%	2.9%
Consumer Defensive	9.4%	6.0%
Utilities	9.2%	3.7%
Communication Services	9.1%	4.0%
Financial Services	9.0%	24.2%
Basic Materials	9.0%	8.0%
Healthcare	8.9%	8.6%
Consumer Cyclical	8.7%	7.7%
Technology	7.6%	9.9%
Energy	6.6%	5.9%

Return for Risk

DMDV vs. IDEV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDEV

IDEV Risk / Return Rank: 45
IDEV Sharpe Ratio Rank: 45
IDEV Sortino Ratio Rank: 45
IDEV Omega Ratio Rank: 44
IDEV Calmar Ratio Rank: 41
IDEV Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMDV vs. IDEV - 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 iShares Core MSCI International Developed Markets ETF (IDEV). 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.

Sharpe Ratios by Period

	DMDV	IDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Drawdowns

Drawdown Indicators

	DMDV	IDEV	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.15%	—
Current Drawdown Current decline from peak	—	-0.98%	—
Average Drawdown Average peak-to-trough decline	—	-6.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	DMDV	IDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.27%	—

DMDV vs. IDEV - Expense Ratio Comparison

DMDV has a 0.39% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

DMDV vs. IDEV - Dividend Comparison

DMDV has not paid dividends to shareholders, while IDEV's dividend yield for the trailing twelve months is around 3.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%	0.00%
IDEV iShares Core MSCI International Developed Markets ETF	3.13%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%

Frequently Asked Questions

Can I hold both DMDV and IDEV in my portfolio?

DMDV and IDEV have a correlation of 0.78, 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 IDEV?

On fees, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or IDEV?

IDEV is cheaper with a 0.05% expense ratio, compared with 0.39% for DMDV.

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

IDEV has the higher dividend yield at 3.13%, compared with 0.00% for DMDV.

What is the main difference between DMDV and IDEV?

DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: Advisors Asset Management and iShares. Their fees differ too: 0.39% for DMDV and 0.05% for IDEV.