PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EEM vs. SFLNX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEM vs. SFLNX

Last updated Jun 14, 2026

EEM (iShares MSCI Emerging Markets ETF) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both funds - EEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net), while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Both are passively managed. Over the past 10 years, EEM returned 9.91%/yr vs 14.31%/yr for SFLNX. A 0.72 correlation means they provide meaningful diversification when combined. EEM charges 0.72%/yr vs 0.25%/yr for SFLNX.

Performance

EEM vs. SFLNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets ETF (EEM) and Schwab Fundamental US Large Company Index Fund (SFLNX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EEM achieves a 24.07% return, which is significantly higher than SFLNX's 14.44% return. Over the past 10 years, EEM has underperformed SFLNX with an annualized return of 9.91%, while SFLNX has yielded a comparatively higher 14.31% annualized return.

EEM

1D
0.56%
1M
0.74%
YTD
24.07%
6M
26.94%
1Y
47.57%
3Y*
21.60%
5Y*
6.56%
10Y*
9.91%

SFLNX

1D
1.52%
1M
1.49%
YTD
14.44%
6M
13.87%
1Y
31.60%
3Y*
20.20%
5Y*
12.92%
10Y*
14.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEM vs. SFLNX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EEM
iShares MSCI Emerging Markets ETF		24.07%33.98%6.49%8.95%-20.56%-3.63%17.02%18.22%-15.31%37.26%
SFLNX
Schwab Fundamental US Large Company Index Fund		14.44%17.02%16.78%18.16%-6.89%31.64%9.12%28.91%-7.43%17.08%

Correlation

The correlation between EEM and SFLNX is 0.62, 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

0.62

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

0.60

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

0.61

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.72

The correlation between EEM and SFLNX shifts across timeframes, from 0.60 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

EEM vs. SFLNX - Sectors Allocation Comparison

Sectors
EEM
SFLNX

Technology

44.3%
19.0%

Financial Services

17.7%
13.9%

Consumer Cyclical

8.3%
9.2%

Industrials

6.6%
9.4%

Communication Services

6.0%
10.3%

Basic Materials

5.9%
3.7%

Energy

3.4%
10.2%

Consumer Defensive

2.5%
7.4%

Healthcare

2.5%
11.9%

Utilities

1.8%
3.2%

Real Estate

1.0%
1.8%

Technology

EEM
44.3%
SFLNX
19.0%

Financial Services

EEM
17.7%
SFLNX
13.9%

Consumer Cyclical

EEM
8.3%
SFLNX
9.2%

Industrials

EEM
6.6%
SFLNX
9.4%

Communication Services

EEM
6.0%
SFLNX
10.3%

Basic Materials

EEM
5.9%
SFLNX
3.7%

Energy

EEM
3.4%
SFLNX
10.2%

Consumer Defensive

EEM
2.5%
SFLNX
7.4%

Healthcare

EEM
2.5%
SFLNX
11.9%

Utilities

EEM
1.8%
SFLNX
3.2%

Real Estate

EEM
1.0%
SFLNX
1.8%

Compare stocks, funds, or ETFs

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

iShares MSCI Emerging Markets ETF

Schwab Fundamental US Large Company Index Fund

Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. IS3N.DEEEM vs. VXUSEEM vs. EEMSEEM vs. SPEM
Often compared with SFLNX:
SFLNX vs. SWLGXSFLNX vs. VFIAXSFLNX vs. VOOSFLNX vs. VDADXSFLNX vs. SEEGXSFLNX vs. SWTSXSFLNX vs. FLCOX

Return for Risk

EEM vs. SFLNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEM
EEM Risk / Return Rank: 7575
Overall Rank
EEM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 7070
Sortino Ratio Rank
EEM Omega Ratio Rank: 7878
Omega Ratio Rank
EEM Calmar Ratio Rank: 7575
Calmar Ratio Rank
EEM Martin Ratio Rank: 7575
Martin Ratio Rank
SFLNX
SFLNX Risk / Return Rank: 9393
Overall Rank
SFLNX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SFLNX Sortino Ratio Rank: 9191
Sortino Ratio Rank
SFLNX Omega Ratio Rank: 8787
Omega Ratio Rank
SFLNX Calmar Ratio Rank: 9595
Calmar Ratio Rank
SFLNX Martin Ratio Rank: 9696
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.

EEM vs. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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.

EEMSFLNXDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.92

-0.82

Sortino ratioReturn per unit of downside risk
2.73
4.05

-1.32

Omega ratioGain probability vs. loss probability

1.40

1.53

-0.14

Calmar ratioReturn relative to maximum drawdown

3.36

5.06

-1.70

Martin ratioReturn relative to average drawdown

12.38

19.68

-7.29

EEM vs. SFLNX - Sharpe Ratio Comparison

The current EEM Sharpe Ratio is 2.10, which is comparable to the SFLNX Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of EEM and SFLNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EEM vs. SFLNX - Drawdown Comparison

The maximum EEM drawdown since its inception was -66.43%, which is greater than SFLNX's maximum drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for EEM and SFLNX.

Loading charts...

Drawdown Indicators

EEMSFLNXDifference

Max Drawdown

Largest peak-to-trough decline

-66.43%

-56.18%

-10.25%

Max Drawdown (1Y)

Largest decline over 1 year

-13.52%

-6.10%

-7.42%

Max Drawdown (3Y)

Largest decline over 3 years

-17.29%

-16.27%

-1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-37.49%

-18.98%

-18.51%

Max Drawdown (10Y)

Largest decline over 10 years

-39.82%

-37.59%

-2.23%

Current Drawdown

Current decline from peak

-4.12%

-0.73%

-3.39%

Average Drawdown

Average peak-to-trough decline

-16.00%

-6.00%

-10.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

1.57%

+2.10%

Volatility

EEM vs. SFLNX - Volatility Comparison

iShares MSCI Emerging Markets ETF (EEM) has a higher volatility of 10.80% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 3.17%. This indicates that EEM's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EEMSFLNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.80%

3.17%

+7.63%

Volatility (6M)

Calculated over the trailing 6-month period

19.39%

7.81%

+11.58%

Volatility (1Y)

Calculated over the trailing 1-year period

21.64%

10.59%

+11.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

15.30%

+3.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.64%

18.41%

+2.23%

EEM vs. SFLNX - Expense Ratio Comparison

EEM has a 0.72% expense ratio, which is higher than SFLNX's 0.25% expense ratio.

Dividends

EEM vs. SFLNX - Dividend Comparison

EEM's dividend yield for the trailing twelve months is around 1.79%, more than SFLNX's 1.46% yield.

PositionTTM20252024202320222021202020192018201720162015
EEM
iShares MSCI Emerging Markets ETF		1.79%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%
SFLNX
Schwab Fundamental US Large Company Index Fund		1.46%1.68%1.78%1.86%2.09%4.78%6.17%5.33%9.69%3.28%7.23%5.68%

Frequently Asked Questions

EEM and SFLNX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (10.80%) compared to SFLNX (3.17%). In terms of maximum drawdown, EEM dropped -66.43% vs SFLNX's -56.18%.

SFLNX currently has the higher Sharpe Ratio (2.92 vs 2.10), 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.

Portfolio Optimizer

Find the right allocation for EEM and SFLNX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer