EELV vs. DVYE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P Emerging Markets Low Volatility ETF (EELV) and iShares Emerging Markets Dividend ETF (DVYE).

EELV and DVYE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DVYE is a passively managed fund by iShares that tracks the performance of the Dow Jones Emerging Markets Select Dividend Index. It was launched on Feb 23, 2012. Both EELV and DVYE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EELV vs. DVYE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Low Volatility ETF (EELV) and iShares Emerging Markets Dividend ETF (DVYE). The values are adjusted to include any dividend payments, if applicable.

EELV vs. DVYE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EELV Invesco S&P Emerging Markets Low Volatility ETF	3.75%	21.97%	1.90%	8.85%	-3.98%	16.15%	-3.89%	8.89%	-5.40%	24.89%
DVYE iShares Emerging Markets Dividend ETF	10.54%	28.36%	8.89%	20.88%	-31.38%	11.02%	-2.51%	15.41%	-5.56%	27.04%

Returns By Period

In the year-to-date period, EELV achieves a 3.75% return, which is significantly lower than DVYE's 10.54% return. Over the past 10 years, EELV has underperformed DVYE with an annualized return of 6.24%, while DVYE has yielded a comparatively higher 7.75% annualized 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%

DVYE

• 1D: -0.12%
• 1M: -1.30%
• YTD: 10.54%
• 6M: 17.72%
• 1Y: 32.92%
• 3Y*: 22.29%
• 5Y*: 6.19%
• 10Y*: 7.75%

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

EELV vs. DVYE - Expense Ratio Comparison

EELV has a 0.30% expense ratio, which is lower than DVYE's 0.49% expense ratio.

DVYE

iShares Emerging Markets Dividend ETF

EELV

Invesco S&P Emerging Markets Low Volatility ETF

Return for Risk

EELV vs. DVYE — Risk / Return Rank

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

EELV

EELV Risk / Return Rank: 83
EELV Sharpe Ratio Rank: 83
EELV Sortino Ratio Rank: 85
EELV Omega Ratio Rank: 83
EELV Calmar Ratio Rank: 83
EELV Martin Ratio Rank: 80

DVYE

DVYE Risk / Return Rank: 89
DVYE Sharpe Ratio Rank: 88
DVYE Sortino Ratio Rank: 89
DVYE Omega Ratio Rank: 89
DVYE Calmar Ratio Rank: 85
DVYE Martin Ratio Rank: 92

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.

EELV vs. DVYE - 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 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.

	EELV	DVYE	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.92	-0.23
Sortino ratio Return per unit of downside risk	2.36	2.56	-0.20
Omega ratio Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio Return relative to maximum drawdown	2.51	2.64	-0.13
Martin ratio Return relative to average drawdown	9.31	13.28	-3.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EELV vs. DVYE - Sharpe Ratio Comparison

The current EELV Sharpe Ratio is 1.70, which is comparable to the DVYE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EELV and DVYE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EELV	DVYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.92	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.37	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.42	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.16	+0.14

Correlation

The correlation between EELV and DVYE is 0.82, 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. DVYE - Dividend Comparison

EELV's dividend yield for the trailing twelve months is around 3.61%, less than DVYE's 5.12% 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%
DVYE iShares Emerging Markets Dividend ETF	5.12%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%

Drawdowns

EELV vs. DVYE - Drawdown Comparison

The maximum EELV drawdown since its inception was -36.35%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for EELV and DVYE.

Drawdown Indicators

	EELV	DVYE	Difference
Max Drawdown Largest peak-to-trough decline	-36.35%	-47.42%	+11.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.22%	-12.65%	+4.43%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-40.89%	+21.85%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	-40.89%	+4.54%
Current Drawdown Current decline from peak	-4.91%	-3.11%	-1.80%
Average Drawdown Average peak-to-trough decline	-9.00%	-15.54%	+6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.52%	-0.30%

Volatility

EELV vs. DVYE - Volatility Comparison

The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 5.65%, while iShares Emerging Markets Dividend ETF (DVYE) has a volatility of 6.20%. This indicates that EELV 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

	EELV	DVYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.20%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	10.75%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	17.19%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.52%	16.85%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.70%	18.47%	-4.77%