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EEMV vs. EPP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEMV vs. EPP

Last updated Jun 24, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds from iShares - EEMV tracks the MSCI Emerging Markets Minimum Volatility Index while EPP tracks the MSCI Pacific ex-Japan Index. Both are passively managed. Over the past 10 years, EEMV returned 6.81%/yr vs 7.62%/yr for EPP. A 0.79 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.48%/yr for EPP.

Performance

EEMV vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EEMV achieves a 16.76% return, which is significantly higher than EPP's 6.84% return. Over the past 10 years, EEMV has underperformed EPP with an annualized return of 6.81%, while EPP has yielded a comparatively higher 7.62% annualized return.

EEMV

1D
-3.65%
1M
3.07%
YTD
16.76%
6M
16.47%
1Y
24.00%
3Y*
14.12%
5Y*
5.66%
10Y*
6.81%

EPP

1D
-1.34%
1M
-1.93%
YTD
6.84%
6M
5.29%
1Y
13.95%
3Y*
12.66%
5Y*
4.60%
10Y*
7.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEMV vs. EPP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		16.76%13.45%7.98%7.75%-13.94%5.05%6.90%7.83%-5.81%27.28%
EPP
iShares MSCI Pacific ex Japan ETF		6.84%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%26.05%

Correlation

The correlation between EEMV and EPP is 0.71, 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

0.71

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

0.76

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

0.77

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

0.78

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.79

The correlation between EEMV and EPP has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

EEMV vs. EPP - Sectors Allocation Comparison

Sectors
EEMV
EPP

Technology

36.5%
1.0%

Financial Services

18.0%
44.9%

Communication Services

10.1%
2.6%

Industrials

6.6%
8.5%

Consumer Cyclical

6.2%
6.2%

Consumer Defensive

5.6%
2.9%

Healthcare

5.4%
3.3%

Utilities

4.4%
3.5%

Energy

3.6%
2.7%

Basic Materials

2.9%
17.0%

Real Estate

0.6%
7.4%

Technology

EEMV
36.5%
EPP
1.0%

Financial Services

EEMV
18.0%
EPP
44.9%

Communication Services

EEMV
10.1%
EPP
2.6%

Industrials

EEMV
6.6%
EPP
8.5%

Consumer Cyclical

EEMV
6.2%
EPP
6.2%

Consumer Defensive

EEMV
5.6%
EPP
2.9%

Healthcare

EEMV
5.4%
EPP
3.3%

Utilities

EEMV
4.4%
EPP
3.5%

Energy

EEMV
3.6%
EPP
2.7%

Basic Materials

EEMV
2.9%
EPP
17.0%

Real Estate

EEMV
0.6%
EPP
7.4%

Compare stocks, funds, or ETFs

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iShares MSCI Emerging Markets Min Vol Factor ETF

iShares MSCI Pacific ex Japan ETF

Often compared with EEMV:
EEMV vs. EEMEEMV vs. IEMGEEMV vs. SPYEEMV vs. EFAVEEMV vs. MCHIEEMV vs. USMVEEMV vs. SPEM
Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL

Return for Risk

EEMV vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEMV
EEMV Risk / Return Rank: 5252
Overall Rank
EEMV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EEMV Sortino Ratio Rank: 4646
Sortino Ratio Rank
EEMV Omega Ratio Rank: 5555
Omega Ratio Rank
EEMV Calmar Ratio Rank: 5656
Calmar Ratio Rank
EEMV Martin Ratio Rank: 5656
Martin Ratio Rank
EPP
EPP Risk / Return Rank: 2929
Overall Rank
EPP Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 2626
Sortino Ratio Rank
EPP Omega Ratio Rank: 2626
Omega Ratio Rank
EPP Calmar Ratio Rank: 3434
Calmar Ratio Rank
EPP Martin Ratio Rank: 3434
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.

EEMV vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and iShares MSCI Pacific ex Japan ETF (EPP). 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.

EEMVEPPDifference
Sharpe ratioReturn per unit of total volatility
1.58
0.92

+0.66

Sortino ratioReturn per unit of downside risk
2.19
1.36

+0.82

Omega ratioGain probability vs. loss probability

1.33

1.17

+0.15

Calmar ratioReturn relative to maximum drawdown

2.61

1.59

+1.02

Martin ratioReturn relative to average drawdown

9.38

4.68

+4.70

EEMV vs. EPP - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 1.58, which is higher than the EPP Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of EEMV and EPP, 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

EEMV vs. EPP - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for EEMV and EPP.

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Drawdown Indicators

EEMVEPPDifference

Max Drawdown

Largest peak-to-trough decline

-31.56%

-66.01%

+34.45%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-8.79%

-0.43%

Max Drawdown (3Y)

Largest decline over 3 years

-12.47%

-19.29%

+6.82%

Max Drawdown (5Y)

Largest decline over 5 years

-21.90%

-24.79%

+2.89%

Max Drawdown (10Y)

Largest decline over 10 years

-31.56%

-39.30%

+7.74%

Current Drawdown

Current decline from peak

-3.65%

-5.22%

+1.57%

Average Drawdown

Average peak-to-trough decline

-7.95%

-10.61%

+2.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.99%

-0.42%

Volatility

EEMV vs. EPP - Volatility Comparison

iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.95% compared to iShares MSCI Pacific ex Japan ETF (EPP) at 5.38%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than EPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEMVEPPDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.95%

5.38%

+3.57%

Volatility (6M)

Calculated over the trailing 6-month period

14.17%

12.79%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.25%

15.18%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

17.52%

-5.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.97%

19.06%

-5.09%

EEMV vs. EPP - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is lower than EPP's 0.48% expense ratio.

Dividends

EEMV vs. EPP - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 2.19%, less than EPP's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		2.19%2.65%3.50%2.75%1.93%2.14%2.45%2.63%2.46%2.34%2.79%2.55%
EPP
iShares MSCI Pacific ex Japan ETF		3.52%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%

Frequently Asked Questions

EEMV and EPP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMV has higher volatility (8.95%) compared to EPP (5.38%). In terms of maximum drawdown, EEMV dropped -31.56% vs EPP's -66.01%.

On 10-year performance, EPP leads with 7.62% vs 6.81% for EEMV. On fees, EEMV is cheaper at 0.25% per year. On volatility, EPP has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPP has performed better with a 7.62% return vs 6.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EEMV is cheaper with a 0.25% expense ratio, compared with 0.48% for EPP.

EPP has the higher dividend yield at 3.52%, compared with 2.19% for EEMV.

EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while EPP tracks MSCI Pacific ex-Japan Index. Their fees differ too: 0.25% for EEMV and 0.48% for EPP.

EEMV currently has the higher Sharpe Ratio (1.58 vs 0.92), 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.

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