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EEMA vs. ADVE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEMA vs. ADVE

Last updated Aug 5, 2026
Documentation

EEMA (iShares MSCI Emerging Markets Asia ETF) and ADVE (Matthews Asia Dividend Active ETF) are both Asia Pacific Equities funds. EEMA is passively managed, while ADVE is actively managed. Over the past year, EEMA returned 38.70% vs 32.51% for ADVE. Their correlation of 0.87 means they have usually moved in the same direction. EEMA charges 0.50%/yr vs 0.79%/yr for ADVE.

Performance

EEMA vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Asia ETF (EEMA) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EEMA achieves a 22.06% return, which is significantly higher than ADVE's 19.25% return.

EEMA

1D
2.15%
1M
0.93%
6M
13.61%
YTD
22.06%
1Y
38.70%
3Y*
21.29%
5Y*
7.47%
10Y*
9.46%
ALL TIME*
7.10%

ADVE

1D
1.43%
1M
3.66%
6M
10.37%
YTD
19.25%
1Y
32.51%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
19.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ADVE

Matthews Asia Dividend Active ETF
$68.52K$40.72K$33.35K

EEMA

iShares MSCI Emerging Markets Asia ETF
$19.43M$13.06M$19.95M

EEMA vs. ADVE - Yearly Performance Comparison

2026 (YTD)202520242023
EEMA
iShares MSCI Emerging Markets Asia ETF		22.06%33.27%10.23%6.71%
ADVE
Matthews Asia Dividend Active ETF		19.25%26.12%7.02%4.58%

Correlation

The correlation between EEMA and ADVE is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.90

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2023

0.87

The correlation between EEMA and ADVE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

EEMA vs. ADVE - Sectors Allocation Comparison

Sectors
EEMA
ADVE

Technology

40.7%
30.8%

Financial Services

17.0%
28.9%

Consumer Cyclical

9.9%
5.9%

Industrials

8.4%
11.5%

Communication Services

6.6%
10.7%

Basic Materials

4.8%
3.8%

Healthcare

3.9%
1.0%

Consumer Defensive

2.8%
2.6%

Energy

2.7%
0.8%

Utilities

1.7%
1.0%

Real Estate

1.0%
3.2%

Technology

EEMA
40.7%
ADVE
30.8%

Financial Services

EEMA
17.0%
ADVE
28.9%

Consumer Cyclical

EEMA
9.9%
ADVE
5.9%

Industrials

EEMA
8.4%
ADVE
11.5%

Communication Services

EEMA
6.6%
ADVE
10.7%

Basic Materials

EEMA
4.8%
ADVE
3.8%

Healthcare

EEMA
3.9%
ADVE
1.0%

Consumer Defensive

EEMA
2.8%
ADVE
2.6%

Energy

EEMA
2.7%
ADVE
0.8%

Utilities

EEMA
1.7%
ADVE
1.0%

Real Estate

EEMA
1.0%
ADVE
3.2%

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 Asia ETF

Matthews Asia Dividend Active ETF

Often compared with EEMA:
EEMA vs. AIAEEMA vs. GMFEEMA vs. VFEM.LEEMA vs. MATFXEEMA vs. VAPX.ASEEMA vs. GXCEEMA vs. MCHI
Often compared with ADVE:
ADVE vs. MINVADVE vs. MEMADVE vs. MKORADVE vs. EWSADVE vs. FLKRADVE vs. JPANADVE vs. ECNS

Return for Risk

EEMA vs. ADVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EEMA
EEMA Risk / Return Rank: 6262
Overall Rank
EEMA Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EEMA Sortino Ratio Rank: 5656
Sortino Ratio Rank
EEMA Omega Ratio Rank: 6161
Omega Ratio Rank
EEMA Calmar Ratio Rank: 7070
Calmar Ratio Rank
EEMA Martin Ratio Rank: 6161
Martin Ratio Rank
ADVE
ADVE Risk / Return Rank: 6666
Overall Rank
ADVE Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
ADVE Sortino Ratio Rank: 6161
Sortino Ratio Rank
ADVE Omega Ratio Rank: 6565
Omega Ratio Rank
ADVE Calmar Ratio Rank: 7171
Calmar Ratio Rank
ADVE Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EEMA vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Asia ETF (EEMA) and Matthews Asia Dividend Active ETF (ADVE). 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.

EEMAADVEDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.66

-0.03

Sortino ratioReturn per unit of downside risk
2.19
2.33

-0.15

Omega ratioGain probability vs. loss probability

1.30

1.32

-0.02

Calmar ratioReturn relative to maximum drawdown

2.72

2.78

-0.07

Martin ratioReturn relative to average drawdown

8.33

9.44

-1.11

EEMA vs. ADVE - Sharpe Ratio Comparison

The current EEMA Sharpe Ratio is 1.63, which is comparable to the ADVE Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of EEMA and ADVE, 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

EEMA vs. ADVE - Drawdown Comparison

The maximum EEMA drawdown since its inception was -44.18%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for EEMA and ADVE.

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Drawdown Indicators

EEMAADVEDifference

Max Drawdown

Largest peak-to-trough decline

-44.18%

-18.41%

-25.77%

Max Drawdown (1Y)

Largest decline over 1 year

-14.30%

-11.73%

-2.57%

Max Drawdown (3Y)

Largest decline over 3 years

-20.23%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-38.31%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.18%

—

—

Current Drawdown

Current decline from peak

-5.83%

-2.47%

-3.36%

Average Drawdown

Average peak-to-trough decline

-13.88%

-3.24%

-10.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.66%

3.45%

+1.21%

Volatility

EEMA vs. ADVE - Volatility Comparison

iShares MSCI Emerging Markets Asia ETF (EEMA) has a higher volatility of 7.78% compared to Matthews Asia Dividend Active ETF (ADVE) at 6.03%. This indicates that EEMA's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEMAADVEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.78%

6.03%

+1.75%

Volatility (6M)

Calculated over the trailing 6-month period

21.29%

17.40%

+3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

23.86%

19.67%

+4.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.05%

16.51%

+4.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.13%

16.51%

+4.62%

EEMA vs. ADVE - Expense Ratio Comparison

EEMA has a 0.50% expense ratio, which is lower than ADVE's 0.79% expense ratio.

Dividends

EEMA vs. ADVE - Dividend Comparison

EEMA's dividend yield for the trailing twelve months is around 1.35%, less than ADVE's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
ADVE
Matthews Asia Dividend Active ETF		2.16%2.97%6.00%0.37%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EEMA
iShares MSCI Emerging Markets Asia ETF		1.35%1.48%1.74%2.02%1.78%2.19%1.15%1.86%2.17%1.74%1.74%2.44%

Frequently Asked Questions

EEMA and ADVE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMA has higher volatility (7.78%) compared to ADVE (6.03%). In terms of maximum drawdown, EEMA dropped -44.18% vs ADVE's -18.41%.

On 1-year performance, EEMA leads with 38.70% vs 32.51% for ADVE. On fees, EEMA is cheaper at 0.50% per year. On volatility, ADVE has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, EEMA has performed better with a 38.70% return vs 32.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EEMA is cheaper with a 0.50% expense ratio, compared with 0.79% for ADVE.

ADVE has the higher dividend yield at 2.16%, compared with 1.35% for EEMA.

They also come from different issuers: iShares and Matthews. Their fees differ too: 0.50% for EEMA and 0.79% for ADVE.

ADVE currently has the higher Sharpe Ratio (1.66 vs 1.63), 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

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