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EMDV vs. EVLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMDV vs. EVLU

Last updated Jun 4, 2026

EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - EMDV tracks the MSCI Emerging Markets Dividend Masters Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, EMDV returned 7.88% vs 72.04% for EVLU. A 0.77 correlation means they provide meaningful diversification when combined. EMDV charges 0.60%/yr vs 0.35%/yr for EVLU.

Performance

EMDV vs. EVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMDV achieves a 1.17% return, which is significantly lower than EVLU's 34.01% return.

EMDV

1D
-1.57%
1M
0.78%
YTD
1.17%
6M
1.13%
1Y
7.88%
3Y*
2.77%
5Y*
-3.15%
10Y*
2.64%

EVLU

1D
-2.27%
1M
15.31%
YTD
34.01%
6M
37.37%
1Y
72.04%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMDV vs. EVLU - Yearly Performance Comparison

2026 (YTD)20252024
EMDV
ProShares MSCI Emerging Markets Dividend Growers ETF		1.17%11.90%2.49%
EVLU
iShares MSCI Emerging Markets Value Factor ETF		34.01%38.54%1.61%

Correlation

The correlation between EMDV and EVLU is 0.74, 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

0.74

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2024

0.77

The correlation between EMDV and EVLU has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares MSCI Emerging Markets Dividend Growers ETF

iShares MSCI Emerging Markets Value Factor ETF

Often compared with EMDV:
EMDV vs. CRBNEMDV vs. VWOEMDV vs. SCHDEMDV vs. EMBEMDV vs. DIVOEMDV vs. NOBLEMDV vs. BDVG
Often compared with EVLU:
EVLU vs. FRDMEVLU vs. IVLUEVLU vs. ECOWEVLU vs. AVESEVLU vs. AVEEEVLU vs. AVDVEVLU vs. IEMG

Return for Risk

EMDV vs. EVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMDV
EMDV Risk / Return Rank: 2222
Overall Rank
EMDV Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
EMDV Sortino Ratio Rank: 2020
Sortino Ratio Rank
EMDV Omega Ratio Rank: 2020
Omega Ratio Rank
EMDV Calmar Ratio Rank: 2424
Calmar Ratio Rank
EMDV Martin Ratio Rank: 2424
Martin Ratio Rank
EVLU
EVLU Risk / Return Rank: 9292
Overall Rank
EVLU Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EVLU Sortino Ratio Rank: 9393
Sortino Ratio Rank
EVLU Omega Ratio Rank: 9393
Omega Ratio Rank
EVLU Calmar Ratio Rank: 9090
Calmar Ratio Rank
EVLU Martin Ratio Rank: 9090
Martin Ratio Rank
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.

EMDV vs. EVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) 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.

EMDVEVLUDifference
Sharpe ratioReturn per unit of total volatility
0.71
3.80

-3.10

Sortino ratioReturn per unit of downside risk
1.07
4.71

-3.65

Omega ratioGain probability vs. loss probability

1.13

1.67

-0.53

Calmar ratioReturn relative to maximum drawdown

1.09

5.61

-4.52

Martin ratioReturn relative to average drawdown

3.33

20.79

-17.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMDV vs. EVLU - Sharpe Ratio Comparison

The current EMDV Sharpe Ratio is 0.71, which is lower than the EVLU Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of EMDV and EVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMDVEVLUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.71

3.80

-3.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.21

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.15

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

2.23

-2.02

Drawdowns

EMDV vs. EVLU - Drawdown Comparison

The maximum EMDV drawdown since its inception was -39.20%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMDV and EVLU.

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Drawdown Indicators

EMDVEVLUDifference

Max Drawdown

Largest peak-to-trough decline

-39.20%

-17.17%

-22.03%

Max Drawdown (1Y)

Largest decline over 1 year

-7.24%

-12.90%

+5.66%

Max Drawdown (3Y)

Largest decline over 3 years

-20.71%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-34.97%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.20%

—

—

Current Drawdown

Current decline from peak

-14.80%

-2.27%

-12.53%

Average Drawdown

Average peak-to-trough decline

-13.55%

-3.48%

-10.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

3.48%

-1.11%

Volatility

EMDV vs. EVLU - Volatility Comparison

The current volatility for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is 4.17%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that EMDV experiences smaller price fluctuations and is considered to be less risky 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

EMDVEVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.17%

9.17%

-5.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

16.23%

-7.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.21%

19.04%

-7.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.42%

19.93%

-4.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.26%

19.93%

-1.67%

EMDV vs. EVLU - Expense Ratio Comparison

EMDV has a 0.60% expense ratio, which is higher than EVLU's 0.35% expense ratio.

Dividends

EMDV vs. EVLU - Dividend Comparison

EMDV's dividend yield for the trailing twelve months is around 2.41%, less than EVLU's 3.88% yield.

PositionTTM2025202420232022202120202019201820172016
EMDV
ProShares MSCI Emerging Markets Dividend Growers ETF		2.41%2.46%2.79%1.88%3.68%2.12%3.12%2.38%1.27%2.09%2.87%
EVLU
iShares MSCI Emerging Markets Value Factor ETF		3.88%5.20%1.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EMDV and EVLU have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EVLU has higher volatility (9.17%) compared to EMDV (4.17%). In terms of maximum drawdown, EMDV dropped -39.20% vs EVLU's -17.17%.

On 1-year performance, EVLU leads with 72.04% vs 7.88% for EMDV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EMDV has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, EVLU has performed better with a 72.04% return vs 7.88%. 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 0.60% for EMDV.

EVLU has the higher dividend yield at 3.88%, compared with 2.41% for EMDV.

EMDV tracks MSCI Emerging Markets Dividend Masters Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: ProShares and iShares. Their fees differ too: 0.60% for EMDV and 0.35% for EVLU.

EVLU currently has the higher Sharpe Ratio (3.80 vs 0.71), 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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