DRESX vs. EEMS
DRESX (Driehaus Emerging Markets Small Cap Growth Fund) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both Emerging Markets Equities funds. Over the past 10 years, DRESX returned 8.92%/yr vs 7.78%/yr for EEMS. Their 0.68 correlation means they have sometimes moved together and sometimes differently. DRESX charges 1.24%/yr vs 0.73%/yr for EEMS.
Performance
DRESX vs. EEMS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRESX achieves a 2.62% return, which is significantly lower than EEMS's 3.97% return. Over the past 10 years, DRESX has outperformed EEMS with an annualized return of 8.92%, while EEMS has yielded a comparatively lower 7.78% annualized return.
DRESX
- 1D
- 1.70%
- 1M
- -9.97%
- 6M
- -5.73%
- YTD
- 2.62%
- 1Y
- 15.90%
- 3Y*
- 12.52%
- 5Y*
- 5.18%
- 10Y*
- 8.92%
- ALL TIME*
- 7.46%
EEMS
- 1D
- 0.35%
- 1M
- -6.86%
- 6M
- -2.58%
- YTD
- 3.97%
- 1Y
- 12.59%
- 3Y*
- 10.45%
- 5Y*
- 4.98%
- 10Y*
- 7.78%
- ALL TIME*
- 5.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.19M | $5.05M | $6.10M |
DRESX vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.62% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 3.97% | 19.78% | 3.13% | 23.09% | -19.12% | 18.12% | 19.47% | 11.25% | -18.98% | 34.80% |
Correlation
The correlation between DRESX and EEMS is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2011 | 0.68 |
The correlation between DRESX and EEMS shifts across timeframes, from 0.68 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRESX vs. EEMS — Risk / Return Rank
DRESX
EEMS
DRESX vs. EEMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Driehaus Emerging Markets Small Cap Growth Fund (DRESX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.
| DRESX | EEMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.93 | -0.18 |
| Martin ratioReturn relative to average drawdown | 2.74 | 3.00 | -0.25 |
Loading charts...
Drawdowns
DRESX vs. EEMS - Drawdown Comparison
The maximum DRESX drawdown since its inception was -33.38%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for DRESX and EEMS.
Loading charts...
Drawdown Indicators
| DRESX | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -48.89% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -13.31% | -7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -19.71% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -27.07% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.38% | -48.89% | +15.51% |
Current DrawdownCurrent decline from peak | -19.05% | -11.48% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -10.46% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 4.11% | +1.41% |
Volatility
DRESX vs. EEMS - Volatility Comparison
Driehaus Emerging Markets Small Cap Growth Fund (DRESX) has a higher volatility of 7.19% compared to iShares MSCI Emerging Markets Small-Cap ETF (EEMS) at 6.47%. This indicates that DRESX's price experiences larger fluctuations and is considered to be riskier than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRESX | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 6.47% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 18.25% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.51% | 19.85% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 16.69% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 18.17% | -1.94% |
DRESX vs. EEMS - Expense Ratio Comparison
DRESX has a 1.24% expense ratio, which is higher than EEMS's 0.73% expense ratio.
Dividends
DRESX vs. EEMS - Dividend Comparison
DRESX's dividend yield for the trailing twelve months is around 2.19%, less than EEMS's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.19% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 3.07% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
Frequently Asked Questions
DRESX and EEMS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRESX has higher volatility (7.19%) compared to EEMS (6.47%). In terms of maximum drawdown, DRESX dropped -33.38% vs EEMS's -48.89%.
DRESX currently has the higher Sharpe Ratio (0.82 vs 0.62), 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.
Find the right allocation for DRESX and EEMS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer