EMDV vs. CRBN
Compare and contrast key facts about ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and iShares MSCI ACWI Low Carbon Target ETF (CRBN).
EMDV and CRBN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMDV is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Dividend Masters Index. It was launched on Jan 25, 2016. CRBN is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Low Carbon Target Index. It was launched on Dec 8, 2014. Both EMDV and CRBN 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: EMDV or CRBN.
Key characteristics
| EMDV | CRBN | |
|---|---|---|
| YTD Return | 2.27% | 6.48% |
| 1Y Return | -2.96% | 21.75% |
| 3Y Return (Ann) | -6.66% | 4.87% |
| 5Y Return (Ann) | -2.60% | 9.90% |
| Sharpe Ratio | -0.16 | 1.82 |
| Daily Std Dev | 13.42% | 11.67% |
| Max Drawdown | -39.20% | -33.13% |
| Current Drawdown | -23.08% | -1.90% |
Correlation
The correlation between EMDV and CRBN is 0.67, 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
EMDV vs. CRBN - Performance Comparison
In the year-to-date period, EMDV achieves a 2.27% return, which is significantly lower than CRBN's 6.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMDV vs. CRBN - Expense Ratio Comparison
EMDV has a 0.60% expense ratio, which is higher than CRBN's 0.20% expense ratio.
Risk-Adjusted Performance
EMDV vs. CRBN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and iShares MSCI ACWI Low Carbon Target ETF (CRBN). 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
EMDV vs. CRBN - Dividend Comparison
EMDV's dividend yield for the trailing twelve months is around 1.78%, less than CRBN's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF | 1.78% | 1.88% | 3.68% | 2.12% | 3.12% | 2.38% | 1.27% | 2.09% | 2.79% | 0.00% |
CRBN iShares MSCI ACWI Low Carbon Target ETF | 1.89% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
Drawdowns
EMDV vs. CRBN - Drawdown Comparison
The maximum EMDV drawdown since its inception was -39.20%, which is greater than CRBN's maximum drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for EMDV and CRBN. For additional features, visit the drawdowns tool.
Volatility
EMDV vs. CRBN - Volatility Comparison
ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) has a higher volatility of 4.30% compared to iShares MSCI ACWI Low Carbon Target ETF (CRBN) at 4.06%. This indicates that EMDV's price experiences larger fluctuations and is considered to be riskier than CRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.