EEMA vs. IVV

Last updated Aug 5, 2026

EEMA (iShares MSCI Emerging Markets Asia ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - EEMA is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EEMA returned 9.46%/yr vs 15.35%/yr for IVV. Their 0.65 correlation means they have sometimes moved together and sometimes differently. EEMA charges 0.50%/yr vs 0.03%/yr for IVV.

Performance

EEMA vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Asia ETF (EEMA) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEMA achieves a 22.06% return, which is significantly higher than IVV's 13.72% return. Over the past 10 years, EEMA has underperformed IVV with an annualized return of 9.46%, while IVV has yielded a comparatively higher 15.35% annualized 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%

IVV

• 1D: 1.77%
• 1M: 3.52%
• 6M: 12.47%
• YTD: 13.72%
• 1Y: 23.63%
• 3Y*: 21.56%
• 5Y*: 13.38%
• 10Y*: 15.35%
• ALL TIME*: 8.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EEMA iShares MSCI Emerging Markets Asia ETF	$19.43M	$13.06M	$19.95M
IVV iShares Core S&P 500 ETF	$3.45B	$3.28B	$5.84B

EEMA vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEMA iShares MSCI Emerging Markets Asia ETF	22.06%	33.27%	10.23%	6.57%	-21.49%	-4.22%	25.17%	18.60%	-15.76%	43.41%
IVV iShares Core S&P 500 ETF	13.72%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between EEMA and IVV is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Feb 9, 2012	0.65

The correlation between EEMA and IVV shifts across timeframes, from 0.63 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.

EEMA vs. IVV - Sectors Allocation Comparison

Sectors	EEMA	IVV
Technology	40.7%	37.2%
Financial Services	17.0%	12.5%
Consumer Cyclical	9.9%	8.9%
Industrials	8.4%	7.9%
Communication Services	6.6%	9.6%
Basic Materials	4.8%	1.8%
Healthcare	3.9%	9.4%
Consumer Defensive	2.8%	4.8%
Energy	2.7%	3.3%
Utilities	1.7%	2.6%
Real Estate	1.0%	1.9%

Return for Risk

EEMA vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EEMA

EEMA Risk / Return Rank: 62
EEMA Sharpe Ratio Rank: 61
EEMA Sortino Ratio Rank: 56
EEMA Omega Ratio Rank: 61
EEMA Calmar Ratio Rank: 70
EEMA Martin Ratio Rank: 61

IVV

IVV Risk / Return Rank: 72
IVV Sharpe Ratio Rank: 72
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 71
IVV Calmar Ratio Rank: 69
IVV Martin Ratio Rank: 79

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. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Asia ETF (EEMA) and iShares Core S&P 500 ETF (IVV). 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.

	EEMA	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.84	-0.21
Sortino ratio: Return per unit of downside risk	2.19	2.54	-0.36
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.72	2.67	+0.05
Martin ratio: Return relative to average drawdown	8.33	11.38	-3.05

EEMA vs. IVV - Sharpe Ratio Comparison

The current EEMA Sharpe Ratio is 1.63, which is comparable to the IVV Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of EEMA and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EEMA vs. IVV - Drawdown Comparison

The maximum EEMA drawdown since its inception was -44.18%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for EEMA and IVV.

Drawdown Indicators

	EEMA	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-44.18%	-55.25%	+11.07%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-8.89%	-5.41%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-18.75%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.31%	-24.53%	-13.78%
Max Drawdown (10Y) Largest decline over 10 years	-44.18%	-33.90%	-10.28%
Current Drawdown Current decline from peak	-5.83%	0.00%	-5.83%
Average Drawdown Average peak-to-trough decline	-13.88%	-10.72%	-3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	2.08%	+2.58%

Volatility

EEMA vs. IVV - Volatility Comparison

iShares MSCI Emerging Markets Asia ETF (EEMA) has a higher volatility of 7.78% compared to iShares Core S&P 500 ETF (IVV) at 4.10%. This indicates that EEMA's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMA	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	4.10%	+3.68%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	10.39%	+10.90%
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	12.96%	+10.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.05%	17.04%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	18.08%	+3.05%

EEMA vs. IVV - Expense Ratio Comparison

EEMA has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

EEMA vs. IVV - Dividend Comparison

EEMA's dividend yield for the trailing twelve months is around 1.35%, more than IVV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both EEMA and IVV in my portfolio?

EEMA and IVV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMA or IVV?

EEMA has higher volatility (7.78%) compared to IVV (4.10%). In terms of maximum drawdown, EEMA dropped -44.18% vs IVV's -55.25%.

Which ETF is better, EEMA or IVV?

On 10-year performance, IVV leads with 15.35% vs 9.46% for EEMA. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMA or IVV?

Over the 10-year period, IVV has performed better with a 15.35% return vs 9.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMA or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.50% for EEMA.

Which ETF pays a higher dividend yield, EEMA or IVV?

EEMA has the higher dividend yield at 1.35%, compared with 1.06% for IVV.

What is the main difference between EEMA and IVV?

EEMA is categorized as Asia Pacific Equities, while IVV is S&P 500. EEMA tracks MSCI Emerging Markets Asia Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.50% for EEMA and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.84 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.