EELV vs. DODEX
Compare and contrast key facts about Invesco S&P Emerging Markets Low Volatility ETF (EELV) and Dodge & Cox Emerging Markets Stock Fund (DODEX).
EELV is a passively managed fund by Invesco that tracks the performance of the S&P BMI Emerging Markets Low Volatility Index. It was launched on Jan 13, 2012. DODEX is managed by Dodge & Cox. It was launched on May 10, 2021.
Performance
EELV vs. DODEX - Performance Comparison
Loading graphics...
EELV vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.75% | 21.97% | 1.90% | 8.85% | -3.98% | 6.83% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 5.97% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
Returns By Period
In the year-to-date period, EELV achieves a 3.75% return, which is significantly lower than DODEX's 5.97% return.
EELV
- 1D
- 0.39%
- 1M
- -1.97%
- YTD
- 3.75%
- 6M
- 7.21%
- 1Y
- 20.71%
- 3Y*
- 11.37%
- 5Y*
- 8.04%
- 10Y*
- 6.24%
DODEX
- 1D
- 2.05%
- 1M
- -7.66%
- YTD
- 5.97%
- 6M
- 10.10%
- 1Y
- 37.89%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EELV vs. DODEX - Expense Ratio Comparison
EELV has a 0.30% expense ratio, which is lower than DODEX's 0.70% expense ratio.
Return for Risk
EELV vs. DODEX — Risk / Return Rank
EELV
DODEX
EELV vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Low Volatility ETF (EELV) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.
| EELV | DODEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 2.52 | -0.83 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.12 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.21 | -0.69 |
Martin ratioReturn relative to average drawdown | 9.31 | 12.57 | -3.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EELV | DODEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.52 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.41 | -0.10 |
Correlation
The correlation between EELV and DODEX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EELV vs. DODEX - Dividend Comparison
EELV's dividend yield for the trailing twelve months is around 3.61%, more than DODEX's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.61% | 3.75% | 4.70% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.50% | 2.92% | 2.29% | 2.53% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.67% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EELV vs. DODEX - Drawdown Comparison
The maximum EELV drawdown since its inception was -36.35%, roughly equal to the maximum DODEX drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for EELV and DODEX.
Loading graphics...
Drawdown Indicators
| EELV | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.35% | -37.01% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -11.87% | +3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.35% | — | — |
Current DrawdownCurrent decline from peak | -4.91% | -9.14% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -13.19% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 3.03% | -0.81% |
Volatility
EELV vs. DODEX - Volatility Comparison
The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 5.65%, while Dodge & Cox Emerging Markets Stock Fund (DODEX) has a volatility of 7.57%. This indicates that EELV experiences smaller price fluctuations and is considered to be less risky than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EELV | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 7.57% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 11.11% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 15.66% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 16.74% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 16.74% | -3.04% |