DVYE vs. EVLU
DVYE (iShares Emerging Markets Dividend ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - DVYE tracks the Dow Jones Emerging Markets Select Dividend Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, DVYE returned 28.60% vs 68.50% for EVLU. A 0.77 correlation means they provide meaningful diversification when combined. DVYE charges 0.49%/yr vs 0.35%/yr for EVLU.
Performance
DVYE vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, DVYE achieves a 10.74% return, which is significantly lower than EVLU's 32.77% return.
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%
EVLU
- 1D
- -0.92%
- 1M
- 10.76%
- YTD
- 32.77%
- 6M
- 35.00%
- 1Y
- 68.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVYE vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 10.74% | 28.36% | 4.35% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 32.77% | 38.54% | 1.61% |
Correlation
The correlation between DVYE and EVLU is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.77 |
The correlation between DVYE and EVLU has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
DVYE vs. EVLU — Risk / Return Rank
DVYE
EVLU
DVYE vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| DVYE | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.64 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 5.34 | -0.91 |
| Martin ratioReturn relative to average drawdown | 12.61 | 19.73 | -7.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DVYE | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 3.61 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 2.19 | -2.03 |
Drawdowns
DVYE vs. EVLU - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for DVYE and EVLU.
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Drawdown Indicators
| DVYE | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.42% | -17.17% | -30.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -12.90% | +6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | — | — |
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 | -3.83% | -3.18% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -3.48% | -11.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.48% | -1.21% |
Volatility
DVYE vs. EVLU - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 5.48%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 8.93%. This indicates that DVYE experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVYE | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 8.93% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 16.27% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 19.07% | -4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 19.92% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 19.92% | -1.53% |
DVYE vs. EVLU - Expense Ratio Comparison
DVYE has a 0.49% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
DVYE vs. EVLU - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 5.11%, more than EVLU's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.92% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DVYE and EVLU have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (8.93%) compared to DVYE (5.48%). In terms of maximum drawdown, DVYE dropped -47.42% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 68.50% vs 28.60% for DVYE. On fees, EVLU is cheaper at 0.35% per year. On volatility, DVYE has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 68.50% return vs 28.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.49% for DVYE.
DVYE has the higher dividend yield at 5.11%, compared with 3.92% for EVLU.
DVYE tracks Dow Jones Emerging Markets Select Dividend Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.49% for DVYE and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.61 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.
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