DVYA vs. DVYE

Last updated Jun 5, 2026

DVYA (iShares Asia/Pacific Dividend ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both exchange-traded funds - DVYA is a Asia Pacific Equities fund tracking the Dow Jones Asia/Pacific Select Dividend 30 Index, while DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend Index. Both are passively managed. Over the past 10 years, DVYA returned 7.20%/yr vs 7.81%/yr for DVYE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

DVYA vs. DVYE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and iShares Emerging Markets Dividend ETF (DVYE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVYA achieves a 13.09% return, which is significantly higher than DVYE's 10.74% return. Over the past 10 years, DVYA has underperformed DVYE with an annualized return of 7.20%, while DVYE has yielded a comparatively higher 7.81% annualized return.

DVYA

• 1D: -0.23%
• 1M: -0.44%
• YTD: 13.09%
• 6M: 13.35%
• 1Y: 38.23%
• 3Y*: 21.63%
• 5Y*: 9.83%
• 10Y*: 7.20%

DVYE

• 1D: 0.23%
• 1M: -2.08%
• YTD: 10.74%
• 6M: 11.14%
• 1Y: 28.60%
• 3Y*: 22.07%
• 5Y*: 4.84%
• 10Y*: 7.81%

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

DVYA vs. DVYE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVYA iShares Asia/Pacific Dividend ETF	13.09%	30.22%	6.05%	13.75%	-2.17%	3.41%	-9.61%	14.70%	-14.87%	16.99%
DVYE iShares Emerging Markets Dividend ETF	10.74%	28.36%	8.89%	20.88%	-31.38%	11.02%	-2.51%	15.41%	-5.56%	27.04%

Correlation

The correlation between DVYA and DVYE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012	0.69

The correlation between DVYA and DVYE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

DVYA vs. DVYE - Sectors Allocation Comparison

Sectors	DVYA	DVYE
Financial Services	30.9%	28.4%
Basic Materials	16.1%	8.6%
Consumer Cyclical	10.9%	4.3%
Real Estate	10.6%	3.7%
Industrials	7.1%	16.8%
Consumer Defensive	5.2%	2.4%
Energy	5.0%	19.1%
Communication Services	4.7%	1.9%
Utilities	4.5%	7.4%
Healthcare	3.5%	-
Technology	1.6%	7.3%

Return for Risk

DVYA vs. DVYE — Risk / Return Rank

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

DVYA

DVYA Risk / Return Rank: 85
DVYA Sharpe Ratio Rank: 89
DVYA Sortino Ratio Rank: 88
DVYA Omega Ratio Rank: 85
DVYA Calmar Ratio Rank: 83
DVYA Martin Ratio Rank: 82

DVYE

DVYE Risk / Return Rank: 66
DVYE Sharpe Ratio Rank: 61
DVYE Sortino Ratio Rank: 58
DVYE Omega Ratio Rank: 58
DVYE Calmar Ratio Rank: 83
DVYE Martin Ratio Rank: 69

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.

DVYA vs. DVYE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) and iShares Emerging Markets Dividend ETF (DVYE). 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.

	DVYA	DVYE	Difference
Sharpe ratio: Return per unit of total volatility	2.96	2.01	+0.95
Sortino ratio: Return per unit of downside risk	3.95	2.71	+1.24
Omega ratio: Gain probability vs. loss probability	1.51	1.35	+0.16
Calmar ratio: Return relative to maximum drawdown	4.45	4.42	+0.02
Martin ratio: Return relative to average drawdown	16.07	12.61	+3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVYA vs. DVYE - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.96, which is higher than the DVYE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of DVYA and DVYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVYA	DVYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	2.01	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.29	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.43	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.16	+0.14

Drawdowns

DVYA vs. DVYE - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, roughly equal to the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for DVYA and DVYE.

Drawdown Indicators

	DVYA	DVYE	Difference
Max Drawdown Largest peak-to-trough decline	-45.61%	-47.42%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-6.49%	-2.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-14.63%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-40.89%	+15.52%
Max Drawdown (10Y) Largest decline over 10 years	-45.61%	-40.89%	-4.72%
Current Drawdown Current decline from peak	-3.33%	-3.83%	+0.50%
Average Drawdown Average peak-to-trough decline	-10.06%	-15.37%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.27%	+0.12%

Volatility

DVYA vs. DVYE - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 3.87%, while iShares Emerging Markets Dividend ETF (DVYE) has a volatility of 5.48%. This indicates that DVYA experiences smaller price fluctuations and is considered to be less risky than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVYA	DVYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	5.48%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	11.61%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	14.32%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	16.99%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	18.39%	-0.84%

DVYA vs. DVYE - Expense Ratio Comparison

Both DVYA and DVYE have an expense ratio of 0.49%.

Dividends

DVYA vs. DVYE - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.34%, less than DVYE's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYA iShares Asia/Pacific Dividend ETF	4.34%	4.71%	5.97%	6.48%	7.29%	5.81%	3.66%	5.52%	6.24%	4.74%	4.79%	5.33%
DVYE iShares Emerging Markets Dividend ETF	5.11%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%

Frequently Asked Questions

Can I hold both DVYA and DVYE in my portfolio?

DVYA and DVYE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVYA or DVYE?

DVYE has higher volatility (5.48%) compared to DVYA (3.87%). In terms of maximum drawdown, DVYA dropped -45.61% vs DVYE's -47.42%.

Which ETF is better, DVYA or DVYE?

On 10-year performance, DVYE leads with 7.81% vs 7.20% for DVYA. Both ETFs have the same 0.49% expense ratio. On volatility, DVYA has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVYA or DVYE?

Over the 10-year period, DVYE has performed better with a 7.81% return vs 7.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVYA or DVYE?

DVYA and DVYE have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, DVYA or DVYE?

DVYE has the higher dividend yield at 5.11%, compared with 4.34% for DVYA.

What is the main difference between DVYA and DVYE?

DVYA is categorized as Asia Pacific Equities, while DVYE is Emerging Markets Equities. DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index.

Which has better risk-adjusted returns?

DVYA currently has the higher Sharpe Ratio (2.96 vs 2.01), 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.