EMGF vs. EVLU
EMGF (iShares Edge MSCI Multifactor Emerging Markets ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - EMGF tracks the MSCI Emerging Markets Diversified Multiple-Factor Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, EMGF returned 55.31% vs 72.04% for EVLU. Their correlation of 0.92 suggests significant overlap in exposure. EMGF charges 0.45%/yr vs 0.35%/yr for EVLU.
Performance
EMGF vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, EMGF achieves a 30.01% return, which is significantly lower than EVLU's 34.01% return.
EMGF
- 1D
- -1.20%
- 1M
- 9.65%
- YTD
- 30.01%
- 6M
- 32.52%
- 1Y
- 55.31%
- 3Y*
- 26.88%
- 5Y*
- 10.38%
- 10Y*
- 11.48%
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMGF vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 30.01% | 31.41% | 1.90% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between EMGF and EVLU is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.92 |
The correlation between EMGF and EVLU has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
EMGF vs. EVLU — Risk / Return Rank
EMGF
EVLU
EMGF vs. EVLU - Risk-Adjusted Trends 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 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.
| EMGF | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.67 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 5.61 | -1.51 |
| Martin ratioReturn relative to average drawdown | 15.84 | 20.79 | -4.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMGF | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 3.80 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 2.23 | -1.67 |
Drawdowns
EMGF vs. EVLU - Drawdown Comparison
The maximum EMGF drawdown since its inception was -40.23%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMGF and EVLU.
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Drawdown Indicators
| EMGF | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -17.17% | -23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.90% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.23% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -2.27% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -3.48% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.48% | +0.02% |
Volatility
EMGF vs. EVLU - Volatility Comparison
iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) and iShares MSCI Emerging Markets Value Factor ETF (EVLU) have volatilities of 9.20% and 9.17%, 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.
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Volatility by Period
| EMGF | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 9.17% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.50% | 16.23% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 19.04% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 19.93% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 19.93% | -0.45% |
EMGF vs. EVLU - Expense Ratio Comparison
EMGF has a 0.45% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
EMGF vs. EVLU - Dividend Comparison
EMGF's dividend yield for the trailing twelve months is around 1.94%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 1.94% | 2.52% | 3.42% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.94% | 2.04% |
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
With a correlation of 0.91, EMGF and EVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EMGF has higher volatility (9.20%) compared to EVLU (9.17%). In terms of maximum drawdown, EMGF dropped -40.23% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 55.31% for EMGF. On fees, EVLU is cheaper at 0.35% per year. Their volatility is very similar. 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 55.31%. 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 0.45% for EMGF.
EVLU has the higher dividend yield at 3.88%, compared with 1.94% for EMGF.
EMGF tracks MSCI Emerging Markets Diversified Multiple-Factor Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.45% for EMGF and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 2.78), 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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