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EEMV vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEMV vs. IJR

Last updated Jun 16, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, EEMV returned 7.04%/yr vs 11.21%/yr for IJR. A 0.58 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.06%/yr for IJR.

Performance

EEMV vs. IJR - 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 Core S&P Small-Cap ETF (IJR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with EEMV having a 20.09% return and IJR slightly lower at 19.86%. Over the past 10 years, EEMV has underperformed IJR with an annualized return of 7.04%, while IJR has yielded a comparatively higher 11.21% annualized 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%

IJR

1D
0.11%
1M
7.39%
YTD
19.86%
6M
16.97%
1Y
37.16%
3Y*
15.09%
5Y*
6.35%
10Y*
11.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEMV vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-5.81%27.28%
IJR
iShares Core S&P Small-Cap ETF		19.86%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%

Correlation

The correlation between EEMV and IJR is 0.60, 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

0.60

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

0.54

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

0.55

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

0.55

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

0.58

The correlation between EEMV and IJR has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

EEMV vs. IJR - Sectors Allocation Comparison

Sectors
EEMV
IJR

Technology

36.5%
15.9%

Financial Services

18.0%
16.0%

Communication Services

10.1%
3.2%

Industrials

6.6%
16.0%

Consumer Cyclical

6.2%
12.5%

Consumer Defensive

5.6%
3.2%

Healthcare

5.4%
11.0%

Utilities

4.4%
1.9%

Energy

3.6%
6.8%

Basic Materials

2.9%
4.7%

Real Estate

0.6%
7.5%

Technology

EEMV
36.5%
IJR
15.9%

Financial Services

EEMV
18.0%
IJR
16.0%

Communication Services

EEMV
10.1%
IJR
3.2%

Industrials

EEMV
6.6%
IJR
16.0%

Consumer Cyclical

EEMV
6.2%
IJR
12.5%

Consumer Defensive

EEMV
5.6%
IJR
3.2%

Healthcare

EEMV
5.4%
IJR
11.0%

Utilities

EEMV
4.4%
IJR
1.9%

Energy

EEMV
3.6%
IJR
6.8%

Basic Materials

EEMV
2.9%
IJR
4.7%

Real Estate

EEMV
0.6%
IJR
7.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Emerging Markets Min Vol Factor ETF

iShares Core S&P Small-Cap ETF

Often compared with EEMV:
EEMV vs. EEMEEMV vs. IEMGEEMV vs. SPYEEMV vs. EFAVEEMV vs. MCHIEEMV vs. USMVEEMV vs. SPEM
Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR

Return for Risk

EEMV vs. IJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEMV
EEMV Risk / Return Rank: 6666
Overall Rank
EEMV Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EEMV Sortino Ratio Rank: 6262
Sortino Ratio Rank
EEMV Omega Ratio Rank: 7373
Omega Ratio Rank
EEMV Calmar Ratio Rank: 6666
Calmar Ratio Rank
EEMV Martin Ratio Rank: 6565
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 7777
Overall Rank
IJR Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7676
Sortino Ratio Rank
IJR Omega Ratio Rank: 6868
Omega Ratio Rank
IJR Calmar Ratio Rank: 8686
Calmar Ratio Rank
IJR Martin Ratio Rank: 8282
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. IJR - 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 Core S&P Small-Cap ETF (IJR). 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.

EEMVIJRDifference
Sharpe ratioReturn per unit of total volatility
1.91
2.12

-0.21

Sortino ratioReturn per unit of downside risk
2.64
3.03

-0.39

Omega ratioGain probability vs. loss probability

1.39

1.36

+0.03

Calmar ratioReturn relative to maximum drawdown

3.03

4.30

-1.27

Martin ratioReturn relative to average drawdown

10.90

14.44

-3.54

EEMV vs. IJR - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 1.91, which is comparable to the IJR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of EEMV and IJR, 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. IJR - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for EEMV and IJR.

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Drawdown Indicators

EEMVIJRDifference

Max Drawdown

Largest peak-to-trough decline

-31.56%

-58.15%

+26.59%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-8.68%

-0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-12.47%

-28.02%

+15.55%

Max Drawdown (5Y)

Largest decline over 5 years

-21.90%

-28.02%

+6.12%

Max Drawdown (10Y)

Largest decline over 10 years

-31.56%

-44.36%

+12.80%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.96%

-9.27%

+1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.58%

-0.02%

Volatility

EEMV vs. IJR - Volatility Comparison

iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.16% compared to iShares Core S&P Small-Cap ETF (IJR) at 5.17%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEMVIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.16%

5.17%

+2.99%

Volatility (6M)

Calculated over the trailing 6-month period

13.51%

11.93%

+1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

14.67%

17.67%

-3.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.22%

21.44%

-9.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.99%

22.93%

-8.94%

EEMV vs. IJR - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is higher than IJR's 0.06% 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. IJR - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 3.07%, more than IJR's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IJR
iShares Core S&P Small-Cap ETF		1.42%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%

Frequently Asked Questions

EEMV and IJR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMV has higher volatility (8.16%) compared to IJR (5.17%). In terms of maximum drawdown, EEMV dropped -31.56% vs IJR's -58.15%.

On 10-year performance, IJR leads with 11.21% vs 7.04% for EEMV. On fees, IJR is cheaper at 0.06% per year. On volatility, IJR has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJR has performed better with a 11.21% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.25% for EEMV.

EEMV has the higher dividend yield at 3.07%, compared with 1.42% for IJR.

EEMV is categorized as Asia Pacific Equities, while IJR is Small Cap Blend Equities. EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while IJR tracks S&P SmallCap 600 Index. Their fees differ too: 0.25% for EEMV and 0.06% for IJR.

IJR currently has the higher Sharpe Ratio (2.12 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.

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