EEMD vs. DMDV

Last updated Jun 4, 2026

EEMD (AAM S&P Emerging Markets High Dividend Value ETF) and DMDV (AAM S&P Developed Markets High Dividend Value ETF) are both exchange-traded funds - EEMD is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend and Free Cash Flow Yield, while DMDV is a Foreign Large Cap Equities fund tracking the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. EEMD charges 0.50%/yr vs 0.39%/yr for DMDV.

Performance

EEMD vs. DMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Emerging Markets High Dividend Value ETF (EEMD) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EEMD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EEMD vs. DMDV - Yearly Performance Comparison

	2024 (YTD)	2023	2022	2021	2020	2019	2018
EEMD AAM S&P Emerging Markets High Dividend Value ETF	9.61%	17.60%	-11.21%	5.54%	-0.35%	12.55%	-2.30%
DMDV AAM S&P Developed Markets High Dividend Value ETF	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%

Correlation

The correlation between EEMD and DMDV is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	0.70

The correlation between EEMD and DMDV has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

EEMD vs. DMDV - Sectors Allocation Comparison

Sectors	EEMD	DMDV
Utilities	11.3%	9.2%
Energy	10.6%	6.6%
Real Estate	9.8%	10.0%
Consumer Defensive	9.7%	9.4%
Healthcare	9.5%	8.9%
Communication Services	9.1%	9.1%
Financial Services	9.0%	9.0%
Consumer Cyclical	8.8%	8.7%
Industrials	8.2%	12.5%
Basic Materials	7.4%	9.0%
Technology	6.6%	7.6%

Return for Risk

EEMD vs. DMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Emerging Markets High Dividend Value ETF (EEMD) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

EEMD vs. DMDV - Expense Ratio Comparison

EEMD has a 0.50% expense ratio, which is higher than DMDV's 0.39% expense ratio.

Dividends

EEMD vs. DMDV - Dividend Comparison

Neither EEMD nor DMDV has paid dividends to shareholders.

Position	TTM	2023	2022	2021	2020	2019	2018	2017
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%	0.00%
EEMD AAM S&P Emerging Markets High Dividend Value ETF	0.00%	8.41%	7.66%	6.34%	3.84%	5.35%	4.91%	0.42%

Frequently Asked Questions

Can I hold both EEMD and DMDV in my portfolio?

EEMD and DMDV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EEMD or DMDV?

On fees, DMDV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEMD or DMDV?

DMDV is cheaper with a 0.39% expense ratio, compared with 0.50% for EEMD.

Which ETF pays a higher dividend yield, EEMD or DMDV?

EEMD and DMDV have nearly identical dividend yields, around 0.00%.

What is the main difference between EEMD and DMDV?

EEMD is categorized as Emerging Markets Equities, while DMDV is Foreign Large Cap Equities. EEMD tracks S&P Emerging Markets Dividend and Free Cash Flow Yield, while DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. Their fees differ too: 0.50% for EEMD and 0.39% for DMDV.