DVYE vs. DFEV
DVYE (iShares Emerging Markets Dividend ETF) and DFEV (Dimensional Emerging Markets Value ETF) are both Emerging Markets Equities funds. DVYE is passively managed, while DFEV is actively managed. Over the past 3 years, DVYE returned 20.62%/yr vs 21.96%/yr for DFEV. Their correlation of 0.81 means they have usually moved in the same direction. DVYE charges 0.50%/yr vs 0.43%/yr for DFEV.
Performance
DVYE vs. DFEV - Performance Comparison
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Returns By Period
In the year-to-date period, DVYE achieves a 12.05% return, which is significantly lower than DFEV's 23.34% return.
DVYE
- 1D
- 0.00%
- 1M
- 6.44%
- 6M
- 1.52%
- YTD
- 12.05%
- 1Y
- 25.36%
- 3Y*
- 20.62%
- 5Y*
- 6.01%
- 10Y*
- 6.60%
- ALL TIME*
- 2.99%
DFEV
- 1D
- 2.91%
- 1M
- 0.22%
- 6M
- 13.14%
- YTD
- 23.34%
- 1Y
- 40.11%
- 3Y*
- 21.96%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.07M | $11.63M | $9.99M | |
| $3.47M | $5.34M | $6.64M |
DVYE vs. DFEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 12.05% | 28.36% | 8.89% | 20.88% | -12.28% |
DFEV Dimensional Emerging Markets Value ETF | 23.34% | 32.54% | 7.26% | 15.52% | -6.08% |
Correlation
The correlation between DVYE and DFEV is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.81 |
The correlation between DVYE and DFEV shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
DVYE vs. DFEV - Sectors Allocation Comparison
Sectors
DVYE
DFEV
Financial Services
Energy
Industrials
Basic Materials
Technology
Utilities
Consumer Cyclical
Real Estate
Consumer Defensive
Communication Services
Healthcare
-
Financial Services
DVYE
DFEV
Energy
DVYE
DFEV
Industrials
DVYE
DFEV
Basic Materials
DVYE
DFEV
Technology
DVYE
DFEV
Utilities
DVYE
DFEV
Consumer Cyclical
DVYE
DFEV
Real Estate
DVYE
DFEV
Consumer Defensive
DVYE
DFEV
Communication Services
DVYE
DFEV
Healthcare
DVYE
-
DFEV
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Return for Risk
DVYE vs. DFEV — Risk / Return Rank
DVYE
DFEV
DVYE vs. DFEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) and Dimensional Emerging Markets Value ETF (DFEV). 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.
| DVYE | DFEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.91 | -0.16 |
| Martin ratioReturn relative to average drawdown | 7.80 | 9.56 | -1.76 |
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Drawdowns
DVYE vs. DFEV - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, which is greater than DFEV's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for DVYE and DFEV.
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Drawdown Indicators
| DVYE | DFEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.42% | -18.49% | -28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -13.86% | +4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -17.94% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.89% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -6.93% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -4.72% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 4.21% | -0.95% |
Volatility
DVYE vs. DFEV - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 3.49%, while Dimensional Emerging Markets Value ETF (DFEV) has a volatility of 8.35%. This indicates that DVYE experiences smaller price fluctuations and is considered to be less risky than DFEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVYE | DFEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 8.35% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 19.84% | -7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 21.57% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 17.41% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 17.41% | +0.87% |
DVYE vs. DFEV - Expense Ratio Comparison
DVYE has a 0.50% expense ratio, which is higher than DFEV's 0.43% expense ratio.
Dividends
DVYE vs. DFEV - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 4.81%, more than DFEV's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.08% | 2.69% | 3.17% | 3.47% | 3.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DVYE iShares Emerging Markets Dividend ETF | 4.81% | 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
DVYE and DFEV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEV has higher volatility (8.35%) compared to DVYE (3.49%). In terms of maximum drawdown, DVYE dropped -47.42% vs DFEV's -18.49%.
On 3-year performance, DFEV leads with 21.96% vs 20.62% for DVYE. On fees, DFEV is cheaper at 0.43% per year. On volatility, DVYE has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFEV has performed better with a 21.96% return vs 20.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFEV is cheaper with a 0.43% expense ratio, compared with 0.50% for DVYE.
DVYE has the higher dividend yield at 4.81%, compared with 2.08% for DFEV.
They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.50% for DVYE and 0.43% for DFEV.
DFEV currently has the higher Sharpe Ratio (1.87 vs 1.71), 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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