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EELV vs. IEMG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EELV vs. IEMG

Last updated Apr 2, 2026

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

EELV and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both EELV and IEMG 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. IEMG - 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 Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

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EELV vs. IEMG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IEMG
iShares Core MSCI Emerging Markets ETF		4.55%32.56%6.50%11.52%-19.98%-0.64%17.87%17.81%-14.92%37.38%

Returns By Period

In the year-to-date period, EELV achieves a 3.75% return, which is significantly lower than IEMG's 4.55% return. Over the past 10 years, EELV has underperformed IEMG with an annualized return of 6.24%, while IEMG has yielded a comparatively higher 8.31% 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%

IEMG

1D
0.76%
1M
-6.83%
YTD
4.55%
6M
7.62%
1Y
33.51%
3Y*
16.36%
5Y*
4.53%
10Y*
8.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invesco S&P Emerging Markets Low Volatility ETF

iShares Core MSCI Emerging Markets ETF

Often compared with EELV:
EELV vs. JPEMEELV vs. MINDXEELV vs. EDIVEELV vs. SMHEELV vs. JPSTEELV vs. SPEMEELV vs. XLK
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

EELV vs. IEMG - Expense Ratio Comparison

EELV has a 0.30% expense ratio, which is higher than IEMG's 0.09% expense ratio.

EELV
Invesco S&P Emerging Markets Low Volatility ETF
IEMG
iShares Core MSCI Emerging Markets ETF

Return for Risk

EELV vs. IEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EELV
EELV Risk / Return Rank: 8383
Overall Rank
EELV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
EELV Sortino Ratio Rank: 8585
Sortino Ratio Rank
EELV Omega Ratio Rank: 8383
Omega Ratio Rank
EELV Calmar Ratio Rank: 8383
Calmar Ratio Rank
EELV Martin Ratio Rank: 8080
Martin Ratio Rank
IEMG
IEMG Risk / Return Rank: 8484
Overall Rank
IEMG Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 8484
Sortino Ratio Rank
IEMG Omega Ratio Rank: 8484
Omega Ratio Rank
IEMG Calmar Ratio Rank: 8585
Calmar Ratio Rank
IEMG Martin Ratio Rank: 8484
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.

EELV vs. IEMG - 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 Core MSCI Emerging Markets ETF (IEMG). 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.

EELVIEMGDifference

Sharpe ratio

Return per unit of total volatility

1.70

1.70

0.00

Sortino ratio

Return per unit of downside risk

2.36

2.30

+0.06

Omega ratio

Gain probability vs. loss probability

1.34

1.34

0.00

Calmar ratio

Return relative to maximum drawdown

2.51

2.58

-0.07

Martin ratio

Return relative to average drawdown

9.31

9.84

-0.53

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. IEMG - Sharpe Ratio Comparison

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

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Sharpe Ratios by Period

EELVIEMGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.70

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.25

+0.45

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

0.28

+0.02

Correlation

The correlation between EELV and IEMG is 0.87, 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. IEMG - Dividend Comparison

EELV's dividend yield for the trailing twelve months is around 3.61%, more than IEMG's 2.63% yield.

TTM20252024202320222021202020192018201720162015
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%
IEMG
iShares Core MSCI Emerging Markets ETF		2.63%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%

Drawdowns

EELV vs. IEMG - Drawdown Comparison

The maximum EELV drawdown since its inception was -36.35%, smaller than the maximum IEMG drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for EELV and IEMG.

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Drawdown Indicators

EELVIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-36.35%

-38.71%

+2.36%

Max Drawdown (1Y)

Largest decline over 1 year

-8.22%

-13.21%

+4.99%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-35.93%

+16.89%

Max Drawdown (10Y)

Largest decline over 10 years

-36.35%

-38.71%

+2.36%

Current Drawdown

Current decline from peak

-4.91%

-9.40%

+4.49%

Average Drawdown

Average peak-to-trough decline

-9.00%

-13.11%

+4.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

3.46%

-1.24%

Volatility

EELV vs. IEMG - Volatility Comparison

The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 5.65%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 9.35%. This indicates that EELV experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EELVIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

9.35%

-3.70%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

14.68%

-6.28%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

19.79%

-7.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.52%

17.91%

-6.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.70%

19.84%

-6.14%