EEMV vs. ESGV

Last updated Jun 16, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Both are passively managed. Over the past 5 years, EEMV returned 6.38%/yr vs 12.57%/yr for ESGV. A 0.65 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.09%/yr for ESGV.

Performance

EEMV vs. ESGV - 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 Vanguard ESG U.S. Stock ETF (ESGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEMV achieves a 20.09% return, which is significantly higher than ESGV's 10.76% return.

EEMV

• 1D: 2.55%
• 1M: 7.71%
• YTD: 20.09%
• 6M: 21.21%
• 1Y: 27.78%
• 3Y*: 14.32%
• 5Y*: 6.38%
• 10Y*: 7.04%

ESGV

• 1D: 2.01%
• 1M: 2.85%
• YTD: 10.76%
• 6M: 11.56%
• 1Y: 28.06%
• 3Y*: 21.07%
• 5Y*: 12.57%
• 10Y*: —

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

EEMV vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	20.09%	13.45%	7.98%	7.75%	-13.94%	5.05%	6.90%	7.83%	-3.36%
ESGV Vanguard ESG U.S. Stock ETF	10.76%	16.48%	24.69%	30.79%	-24.04%	26.55%	25.69%	33.36%	-14.45%

Correlation

The correlation between EEMV and ESGV is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.65

The correlation between EEMV and ESGV shifts across timeframes, from 0.61 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.

EEMV vs. ESGV - Sectors Allocation Comparison

Sectors	EEMV	ESGV
Technology	36.5%	39.5%
Financial Services	18.0%	12.3%
Communication Services	10.1%	13.0%
Industrials	6.6%	4.5%
Consumer Cyclical	6.2%	12.2%
Consumer Defensive	5.6%	3.9%
Healthcare	5.4%	9.8%
Utilities	4.4%	0.2%
Energy	3.6%	0.1%
Basic Materials	2.9%	1.9%
Real Estate	0.6%	2.8%

Return for Risk

EEMV vs. ESGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEMV

EEMV Risk / Return Rank: 66
EEMV Sharpe Ratio Rank: 63
EEMV Sortino Ratio Rank: 62
EEMV Omega Ratio Rank: 73
EEMV Calmar Ratio Rank: 66
EEMV Martin Ratio Rank: 65

ESGV

ESGV Risk / Return Rank: 64
ESGV Sharpe Ratio Rank: 69
ESGV Sortino Ratio Rank: 66
ESGV Omega Ratio Rank: 68
ESGV Calmar Ratio Rank: 54
ESGV Martin Ratio Rank: 63

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. ESGV - 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 Vanguard ESG U.S. Stock ETF (ESGV). 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.

	EEMV	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.02	-0.11
Sortino ratio: Return per unit of downside risk	2.64	2.73	-0.09
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	3.03	2.43	+0.60
Martin ratio: Return relative to average drawdown	10.90	10.21	+0.68

EEMV vs. ESGV - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 1.91, which is comparable to the ESGV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EEMV and ESGV, 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

EEMV vs. ESGV - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for EEMV and ESGV.

Drawdown Indicators

	EEMV	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-31.56%	-33.66%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-11.60%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-12.47%	-20.41%	+7.94%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-28.81%	+6.91%
Max Drawdown (10Y) Largest decline over 10 years	-31.56%	—	—
Current Drawdown Current decline from peak	0.00%	-0.87%	+0.87%
Average Drawdown Average peak-to-trough decline	-7.96%	-6.41%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.75%	-0.19%

Volatility

EEMV vs. ESGV - Volatility Comparison

iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.16% compared to Vanguard ESG U.S. Stock ETF (ESGV) at 5.34%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMV	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	5.34%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	13.51%	11.13%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	13.99%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	18.45%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.99%	20.60%	-6.61%

EEMV vs. ESGV - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is higher than ESGV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EEMV vs. ESGV - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 3.07%, more than ESGV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	3.07%	2.65%	3.50%	2.75%	1.93%	2.14%	2.45%	2.63%	2.46%	2.34%	2.79%	2.55%
ESGV Vanguard ESG U.S. Stock ETF	0.85%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEMV and ESGV in my portfolio?

EEMV and ESGV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMV or ESGV?

EEMV has higher volatility (8.16%) compared to ESGV (5.34%). In terms of maximum drawdown, EEMV dropped -31.56% vs ESGV's -33.66%.

Which ETF is better, EEMV or ESGV?

On 5-year performance, ESGV leads with 12.57% vs 6.38% for EEMV. On fees, ESGV is cheaper at 0.09% per year. On volatility, ESGV has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMV or ESGV?

Over the 5-year period, ESGV has performed better with a 12.57% return vs 6.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMV or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.25% for EEMV.

Which ETF pays a higher dividend yield, EEMV or ESGV?

EEMV has the higher dividend yield at 3.07%, compared with 0.85% for ESGV.

What is the main difference between EEMV and ESGV?

EEMV is categorized as Asia Pacific Equities, while ESGV is Large Cap Blend Equities. EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for EEMV and 0.09% for ESGV.

Which has better risk-adjusted returns?

ESGV currently has the higher Sharpe Ratio (2.02 vs 1.91), 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.