EMDM vs. EVLU
EMDM (First Trust Bloomberg Emerging Market Democracies ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - EMDM tracks the Bloomberg Emerging Market Democracies Index - Benchmark TR Net while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, EMDM returned 66.69% vs 54.31% for EVLU. Their correlation of 0.84 means they have usually moved in the same direction. EMDM charges 0.75%/yr vs 0.35%/yr for EVLU.
Performance
EMDM vs. EVLU - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMDM having a 28.39% return and EVLU slightly lower at 27.72%.
EMDM
- 1D
- 0.42%
- 1M
- -3.12%
- 6M
- 12.42%
- YTD
- 28.39%
- 1Y
- 66.69%
- 3Y*
- 28.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.54%
EVLU
- 1D
- 1.05%
- 1M
- 1.55%
- 6M
- 17.67%
- YTD
- 27.72%
- 1Y
- 54.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $370.33K | $752.09K | $541.22K | |
| $177.11K | $141.92K | $126.02K |
EMDM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 28.39% | 59.68% | -8.16% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 27.72% | 38.54% | 1.21% |
Correlation
The correlation between EMDM and EVLU is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.84 |
The correlation between EMDM and EVLU has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
EMDM vs. EVLU — Risk / Return Rank
EMDM
EVLU
EMDM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| EMDM | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 4.23 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.58 | 12.22 | +1.36 |
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Drawdowns
EMDM vs. EVLU - Drawdown Comparison
The maximum EMDM drawdown since its inception was -18.81%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMDM and EVLU.
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Drawdown Indicators
| EMDM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -17.17% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -12.90% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -10.51% | -6.86% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.76% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 4.46% | +0.47% |
Volatility
EMDM vs. EVLU - Volatility Comparison
First Trust Bloomberg Emerging Market Democracies ETF (EMDM) has a higher volatility of 9.92% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 6.42%. This indicates that EMDM's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMDM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 6.42% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 25.36% | 18.35% | +7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.91% | 20.92% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 20.36% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 20.36% | +0.79% |
EMDM vs. EVLU - Expense Ratio Comparison
EMDM has a 0.75% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
EMDM vs. EVLU - Dividend Comparison
EMDM's dividend yield for the trailing twelve months is around 2.95%, less than EVLU's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.95% | 3.57% | 5.87% | 2.16% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.81% | 5.20% | 1.03% | 0.00% |
Frequently Asked Questions
EMDM and EVLU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMDM has higher volatility (9.92%) compared to EVLU (6.42%). In terms of maximum drawdown, EMDM dropped -18.81% vs EVLU's -17.17%.
On 1-year performance, EMDM leads with 66.69% vs 54.31% for EVLU. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMDM has performed better with a 66.69% return vs 54.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.75% for EMDM.
EVLU has the higher dividend yield at 3.81%, compared with 2.95% for EMDM.
EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for EMDM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.61 vs 2.41), 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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