EMGF vs. EEM
Compare and contrast key facts about iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and iShares MSCI Emerging Markets ETF (EEM).
EMGF and EEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGF is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Diversified Multiple-Factor Index. It was launched on Dec 8, 2015. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. Both EMGF and EEM 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: EMGF or EEM.
Key characteristics
| EMGF | EEM | |
|---|---|---|
| YTD Return | 11.10% | 8.85% |
| 1Y Return | 20.77% | 16.32% |
| 3Y Return (Ann) | 0.64% | -3.53% |
| 5Y Return (Ann) | 5.39% | 2.62% |
| Sharpe Ratio | 1.36 | 1.03 |
| Sortino Ratio | 1.97 | 1.54 |
| Omega Ratio | 1.25 | 1.19 |
| Calmar Ratio | 1.09 | 0.54 |
| Martin Ratio | 7.03 | 5.32 |
| Ulcer Index | 2.96% | 3.06% |
| Daily Std Dev | 15.30% | 15.77% |
| Max Drawdown | -40.23% | -66.44% |
| Current Drawdown | -8.29% | -19.07% |
Correlation
The correlation between EMGF and EEM is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMGF vs. EEM - Performance Comparison
In the year-to-date period, EMGF achieves a 11.10% return, which is significantly higher than EEM's 8.85% 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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EMGF vs. EEM - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
EMGF vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and iShares MSCI Emerging Markets ETF (EEM). 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
EMGF vs. EEM - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 5.29%, more than EEM's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 5.29% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.95% | 2.04% | 0.00% | 0.00% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 2.39% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
Drawdowns
EMGF vs. EEM - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, smaller than the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for EMGF and EEM. For additional features, visit the drawdowns tool.
Volatility
EMGF vs. EEM - Volatility Comparison
iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and iShares MSCI Emerging Markets ETF (EEM) have volatilities of 5.14% and 5.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.