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EDIV vs. IDEV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EDIV vs. IDEV

Last updated Jun 13, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, EDIV returned 10.84%/yr vs 8.52%/yr for IDEV. A 0.70 correlation means they provide meaningful diversification when combined. EDIV charges 0.49%/yr vs 0.05%/yr for IDEV.

Performance

EDIV vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EDIV achieves a 7.76% return, which is significantly lower than IDEV's 9.59% return.

EDIV

1D
0.70%
1M
0.99%
YTD
7.76%
6M
9.12%
1Y
13.72%
3Y*
18.11%
5Y*
10.84%
10Y*
9.49%

IDEV

1D
0.42%
1M
0.95%
YTD
9.59%
6M
11.02%
1Y
22.16%
3Y*
17.03%
5Y*
8.52%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EDIV vs. IDEV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDIV
SPDR S&P Emerging Markets Dividend ETF		7.76%16.45%12.75%41.91%-15.31%11.21%-9.95%11.80%-6.16%11.29%
IDEV
iShares Core MSCI International Developed Markets ETF		9.59%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%

Correlation

The correlation between EDIV 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 (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.70

The correlation between EDIV and IDEV has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

EDIV vs. IDEV - Sectors Allocation Comparison

Sectors
EDIV
IDEV

Financial Services

29.7%
24.2%

Communication Services

13.8%
4.0%

Consumer Defensive

12.8%
6.0%

Consumer Cyclical

11.8%
7.7%

Industrials

9.7%
19.1%

Technology

8.4%
9.9%

Real Estate

5.1%
2.9%

Energy

3.2%
5.9%

Utilities

2.5%
3.7%

Basic Materials

1.7%
8.0%

Healthcare

1.3%
8.6%

Financial Services

EDIV
29.7%
IDEV
24.2%

Communication Services

EDIV
13.8%
IDEV
4.0%

Consumer Defensive

EDIV
12.8%
IDEV
6.0%

Consumer Cyclical

EDIV
11.8%
IDEV
7.7%

Industrials

EDIV
9.7%
IDEV
19.1%

Technology

EDIV
8.4%
IDEV
9.9%

Real Estate

EDIV
5.1%
IDEV
2.9%

Energy

EDIV
3.2%
IDEV
5.9%

Utilities

EDIV
2.5%
IDEV
3.7%

Basic Materials

EDIV
1.7%
IDEV
8.0%

Healthcare

EDIV
1.3%
IDEV
8.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Emerging Markets Dividend ETF

iShares Core MSCI International Developed Markets ETF

Often compared with EDIV:
EDIV vs. VWOEDIV vs. EEMSEDIV vs. EEMEDIV vs. VOOEDIV vs. EYLDEDIV vs. XCEMEDIV vs. FEMS
Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU

Return for Risk

EDIV vs. IDEV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDIV
EDIV Risk / Return Rank: 3333
Overall Rank
EDIV Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EDIV Sortino Ratio Rank: 3434
Sortino Ratio Rank
EDIV Omega Ratio Rank: 3434
Omega Ratio Rank
EDIV Calmar Ratio Rank: 3030
Calmar Ratio Rank
EDIV Martin Ratio Rank: 3131
Martin Ratio Rank
IDEV
IDEV Risk / Return Rank: 4848
Overall Rank
IDEV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 4848
Sortino Ratio Rank
IDEV Omega Ratio Rank: 4747
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4545
Calmar Ratio Rank
IDEV Martin Ratio Rank: 5252
Martin Ratio Rank
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.

EDIV vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) 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.

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.

EDIVIDEVDifference
Sharpe ratioReturn per unit of total volatility
1.09
1.48

-0.39

Sortino ratioReturn per unit of downside risk
1.60
2.11

-0.51

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

1.33

1.99

-0.66

Martin ratioReturn relative to average drawdown

4.01

7.76

-3.75

EDIV vs. IDEV - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.09, which is comparable to the IDEV Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of EDIV and IDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EDIV vs. IDEV - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for EDIV and IDEV.

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Drawdown Indicators

EDIVIDEVDifference

Max Drawdown

Largest peak-to-trough decline

-53.36%

-34.77%

-18.59%

Max Drawdown (1Y)

Largest decline over 1 year

-10.36%

-11.20%

+0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-13.84%

-13.41%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-28.32%

-29.15%

+0.83%

Max Drawdown (10Y)

Largest decline over 10 years

-40.76%

—

—

Current Drawdown

Current decline from peak

-2.86%

-0.37%

-2.49%

Average Drawdown

Average peak-to-trough decline

-19.33%

-6.55%

-12.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.87%

+0.56%

Volatility

EDIV vs. IDEV - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 4.64%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 5.30%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDIVIDEVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.64%

5.30%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

10.57%

12.73%

-2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

15.07%

-2.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

16.35%

-2.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.49%

17.29%

+0.20%

EDIV vs. IDEV - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

EDIV vs. IDEV - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.45%, more than IDEV's 3.11% yield.

PositionTTM20252024202320222021202020192018201720162015
EDIV
SPDR S&P Emerging Markets Dividend ETF		4.45%4.69%3.94%4.26%4.94%3.84%3.52%3.83%3.41%2.99%4.94%5.33%
IDEV
iShares Core MSCI International Developed Markets ETF		3.11%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%

Frequently Asked Questions

EDIV 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.

IDEV has higher volatility (5.30%) compared to EDIV (4.64%). In terms of maximum drawdown, EDIV dropped -53.36% vs IDEV's -34.77%.

On 5-year performance, EDIV leads with 10.84% vs 8.52% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, EDIV has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EDIV has performed better with a 10.84% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.49% for EDIV.

EDIV has the higher dividend yield at 4.45%, compared with 3.11% for IDEV.

EDIV is categorized as Emerging Markets Equities, while IDEV is Foreign Large Cap Equities. EDIV tracks S&P Emerging Markets Dividend Opportunities Index, while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.49% for EDIV and 0.05% for IDEV.

IDEV currently has the higher Sharpe Ratio (1.48 vs 1.09), 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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