EEMV vs. VBR

Last updated Jun 16, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and VBR (Vanguard Small-Cap Value ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Both are passively managed. Over the past 10 years, EEMV returned 7.04%/yr vs 10.95%/yr for VBR. A 0.60 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.05%/yr for VBR.

Performance

EEMV vs. VBR - 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 Small-Cap Value ETF (VBR). 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 VBR's 14.49% return. Over the past 10 years, EEMV has underperformed VBR with an annualized return of 7.04%, while VBR has yielded a comparatively higher 10.95% 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%

VBR

• 1D: -0.09%
• 1M: 6.08%
• YTD: 14.49%
• 6M: 12.98%
• 1Y: 29.82%
• 3Y*: 16.12%
• 5Y*: 8.62%
• 10Y*: 10.95%

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

EEMV vs. VBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VBR Vanguard Small-Cap Value ETF	14.49%	9.09%	12.40%	16.00%	-9.38%	28.08%	5.90%	22.78%	-12.28%	11.81%

Correlation

The correlation between EEMV and VBR is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.60

The correlation between EEMV and VBR has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

EEMV vs. VBR - Sectors Allocation Comparison

Sectors	EEMV	VBR
Technology	36.5%	10.6%
Financial Services	18.0%	17.6%
Communication Services	10.1%	2.5%
Industrials	6.6%	18.1%
Consumer Cyclical	6.2%	12.4%
Consumer Defensive	5.6%	4.0%
Healthcare	5.4%	7.9%
Utilities	4.4%	4.8%
Energy	3.6%	5.2%
Basic Materials	2.9%	6.3%
Real Estate	0.6%	10.1%

Return for Risk

EEMV vs. VBR — 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

VBR

VBR Risk / Return Rank: 69
VBR Sharpe Ratio Rank: 67
VBR Sortino Ratio Rank: 70
VBR Omega Ratio Rank: 62
VBR Calmar Ratio Rank: 74
VBR Martin Ratio Rank: 72

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. VBR - 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 Small-Cap Value ETF (VBR). 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	VBR	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.96	-0.06
Sortino ratio: Return per unit of downside risk	2.64	2.86	-0.22
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	3.03	3.38	-0.36
Martin ratio: Return relative to average drawdown	10.90	11.97	-1.07

EEMV vs. VBR - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 1.91, which is comparable to the VBR Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EEMV and VBR, 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. VBR - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for EEMV and VBR.

Drawdown Indicators

	EEMV	VBR	Difference
Max Drawdown Largest peak-to-trough decline	-31.56%	-61.98%	+30.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-8.85%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-12.47%	-24.19%	+11.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-24.19%	+2.29%
Max Drawdown (10Y) Largest decline over 10 years	-31.56%	-45.28%	+13.72%
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-7.96%	-8.26%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.50%	+0.06%

Volatility

EEMV vs. VBR - Volatility Comparison

iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.16% compared to Vanguard Small-Cap Value ETF (VBR) at 4.43%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMV	VBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	4.43%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	13.51%	10.61%	+2.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	15.31%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	19.79%	-7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.99%	21.75%	-7.76%

EEMV vs. VBR - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is higher than VBR's 0.05% 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. VBR - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 3.07%, more than VBR's 1.72% 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%
VBR Vanguard Small-Cap Value ETF	1.72%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both EEMV and VBR in my portfolio?

EEMV and VBR have a correlation of 0.56, 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 VBR?

EEMV has higher volatility (8.16%) compared to VBR (4.43%). In terms of maximum drawdown, EEMV dropped -31.56% vs VBR's -61.98%.

Which ETF is better, EEMV or VBR?

On 10-year performance, VBR leads with 10.95% vs 7.04% for EEMV. On fees, VBR is cheaper at 0.05% per year. On volatility, VBR has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMV or VBR?

Over the 10-year period, VBR has performed better with a 10.95% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMV or VBR?

VBR is cheaper with a 0.05% expense ratio, compared with 0.25% for EEMV.

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

EEMV has the higher dividend yield at 3.07%, compared with 1.72% for VBR.

What is the main difference between EEMV and VBR?

EEMV is categorized as Asia Pacific Equities, while VBR is Small Cap Value Equities. EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while VBR tracks CRSP US Small Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for EEMV and 0.05% for VBR.

Which has better risk-adjusted returns?

VBR currently has the higher Sharpe Ratio (1.96 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.