EEMO vs. EEM
Compare and contrast key facts about Invesco S&P Emerging Markets Momentum ETF (EEMO) and iShares MSCI Emerging Markets ETF (EEM).
EEMO and EEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Emerging Plus LargeMidCap Index. It was launched on Feb 24, 2012. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. Both EEMO and EEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEMO or EEM.
Key characteristics
| EEMO | EEM | |
|---|---|---|
| YTD Return | 8.02% | 2.04% |
| 1Y Return | 27.28% | 9.10% |
| 3Y Return (Ann) | -2.98% | -6.62% |
| 5Y Return (Ann) | 3.02% | 0.79% |
| 10Y Return (Ann) | 1.16% | 2.07% |
| Sharpe Ratio | 1.89 | 0.55 |
| Daily Std Dev | 13.80% | 14.70% |
| Max Drawdown | -48.47% | -66.44% |
| Current Drawdown | -21.15% | -24.13% |
Correlation
The correlation between EEMO and EEM is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EEMO vs. EEM - Performance Comparison
In the year-to-date period, EEMO achieves a 8.02% return, which is significantly higher than EEM's 2.04% return. Over the past 10 years, EEMO has underperformed EEM with an annualized return of 1.16%, while EEM has yielded a comparatively higher 2.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EEMO vs. EEM - Expense Ratio Comparison
EEMO has a 0.31% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
EEMO vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) and iShares MSCI Emerging Markets ETF (EEM). 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.
Dividends
EEMO vs. EEM - Dividend Comparison
EEMO's dividend yield for the trailing twelve months is around 3.11%, more than EEM's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 3.11% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.11% | 5.13% | 1.55% | 2.92% | 2.35% | 1.78% |
EEM iShares MSCI Emerging Markets ETF | 2.58% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.22% | 1.87% | 1.88% | 2.48% | 2.22% | 2.04% |
Drawdowns
EEMO vs. EEM - Drawdown Comparison
The maximum EEMO drawdown since its inception was -48.47%, smaller than the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for EEMO and EEM. For additional features, visit the drawdowns tool.
Volatility
EEMO vs. EEM - Volatility Comparison
The current volatility for Invesco S&P Emerging Markets Momentum ETF (EEMO) is 3.68%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 4.27%. This indicates that EEMO experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.