EEMV vs. SPY
Compare and contrast key facts about iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and SPDR S&P 500 ETF (SPY).
EEMV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EEMV and SPY 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: EEMV or SPY.
Key characteristics
| EEMV | SPY | |
|---|---|---|
| YTD Return | 10.17% | 25.52% |
| 1Y Return | 16.75% | 37.10% |
| 3Y Return (Ann) | 0.85% | 9.68% |
| 5Y Return (Ann) | 2.91% | 15.68% |
| 10Y Return (Ann) | 2.71% | 13.27% |
| Sharpe Ratio | 1.76 | 3.06 |
| Sortino Ratio | 2.54 | 4.08 |
| Omega Ratio | 1.32 | 1.58 |
| Calmar Ratio | 1.08 | 4.46 |
| Martin Ratio | 10.40 | 20.21 |
| Ulcer Index | 1.59% | 1.86% |
| Daily Std Dev | 9.39% | 12.27% |
| Max Drawdown | -31.56% | -55.19% |
| Current Drawdown | -4.31% | 0.00% |
Correlation
The correlation between EEMV and SPY 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
EEMV vs. SPY - Performance Comparison
In the year-to-date period, EEMV achieves a 10.17% return, which is significantly lower than SPY's 25.52% return. Over the past 10 years, EEMV has underperformed SPY with an annualized return of 2.71%, while SPY has yielded a comparatively higher 13.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EEMV vs. SPY - Expense Ratio Comparison
EEMV has a 0.25% expense ratio, which is higher than SPY'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%.
Risk-Adjusted Performance
EEMV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and SPDR S&P 500 ETF (SPY). 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
EEMV vs. SPY - Dividend Comparison
EEMV's dividend yield for the trailing twelve months is around 2.79%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.79% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% | 2.71% | 2.51% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EEMV vs. SPY - Drawdown Comparison
The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EEMV and SPY. For additional features, visit the drawdowns tool.
Volatility
EEMV vs. SPY - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is 2.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that EEMV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.