EEMV vs. ODMAX
Compare and contrast key facts about iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and Invesco Developing Markets Fund (ODMAX).
EEMV is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Minimum Volatility Index. It was launched on Oct 18, 2011. ODMAX is managed by Invesco. It was launched on Nov 17, 1996.
Performance
EEMV vs. ODMAX - Performance Comparison
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EEMV vs. ODMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 1.39% | 13.45% | 7.98% | 7.75% | -13.94% | 5.05% | 6.90% | 7.83% | -5.81% | 27.28% |
ODMAX Invesco Developing Markets Fund | 2.97% | 28.34% | -1.39% | 11.17% | -25.16% | -7.54% | 17.22% | 24.02% | -12.14% | 34.77% |
Returns By Period
In the year-to-date period, EEMV achieves a 1.39% return, which is significantly lower than ODMAX's 2.97% return. Over the past 10 years, EEMV has underperformed ODMAX with an annualized return of 5.05%, while ODMAX has yielded a comparatively higher 6.05% annualized return.
EEMV
- 1D
- 0.31%
- 1M
- -4.01%
- YTD
- 1.39%
- 6M
- 3.09%
- 1Y
- 14.32%
- 3Y*
- 9.17%
- 5Y*
- 3.13%
- 10Y*
- 5.05%
ODMAX
- 1D
- 3.00%
- 1M
- -8.13%
- YTD
- 2.97%
- 6M
- 7.26%
- 1Y
- 28.57%
- 3Y*
- 9.19%
- 5Y*
- -0.46%
- 10Y*
- 6.05%
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EEMV vs. ODMAX - Expense Ratio Comparison
EEMV has a 0.25% expense ratio, which is lower than ODMAX's 1.24% expense ratio.
Return for Risk
EEMV vs. ODMAX — Risk / Return Rank
EEMV
ODMAX
EEMV vs. ODMAX - 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 Invesco Developing Markets Fund (ODMAX). 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.
| EEMV | ODMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.68 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.22 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.18 | -0.62 |
Martin ratioReturn relative to average drawdown | 5.86 | 8.51 | -2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEMV | ODMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.68 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.03 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.34 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.51 | -0.18 |
Correlation
The correlation between EEMV and ODMAX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EEMV vs. ODMAX - Dividend Comparison
EEMV's dividend yield for the trailing twelve months is around 2.61%, less than ODMAX's 40.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.61% | 2.65% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% |
ODMAX Invesco Developing Markets Fund | 40.35% | 41.55% | 0.01% | 0.53% | 0.57% | 5.01% | 0.00% | 2.12% | 0.28% | 0.30% | 0.23% | 0.43% |
Drawdowns
EEMV vs. ODMAX - Drawdown Comparison
The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum ODMAX drawdown of -61.63%. Use the drawdown chart below to compare losses from any high point for EEMV and ODMAX.
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Drawdown Indicators
| EEMV | ODMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -61.63% | +30.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -12.08% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -45.46% | +23.49% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | -46.23% | +14.67% |
Current DrawdownCurrent decline from peak | -6.59% | -9.44% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -14.66% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 3.09% | -0.64% |
Volatility
EEMV vs. ODMAX - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is 6.67%, while Invesco Developing Markets Fund (ODMAX) has a volatility of 8.46%. This indicates that EEMV experiences smaller price fluctuations and is considered to be less risky than ODMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEMV | ODMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 8.46% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 12.92% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 17.52% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 17.60% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.74% | 17.74% | -4.00% |