EMIF vs. EVLU
EMIF (iShares Emerging Markets Infrastructure ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - EMIF tracks the S&P Emerging Markets Infrastructure Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, EMIF returned 20.42% vs 59.59% for EVLU. A 0.60 correlation means they provide meaningful diversification when combined. EMIF charges 0.75%/yr vs 0.35%/yr for EVLU.
Performance
EMIF vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, EMIF achieves a 1.13% return, which is significantly lower than EVLU's 28.98% return.
EMIF
- 1D
- -0.50%
- 1M
- -2.11%
- YTD
- 1.13%
- 6M
- -0.46%
- 1Y
- 20.42%
- 3Y*
- 11.63%
- 5Y*
- 4.64%
- 10Y*
- 2.41%
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMIF vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 1.13% | 33.90% | -2.86% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
Correlation
The correlation between EMIF and EVLU is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.60 |
The correlation between EMIF and EVLU has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
EMIF vs. EVLU — Risk / Return Rank
EMIF
EVLU
EMIF vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) 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.
| EMIF | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.53 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 4.64 | -3.33 |
| Martin ratioReturn relative to average drawdown | 3.91 | 16.27 | -12.37 |
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Drawdowns
EMIF vs. EVLU - Drawdown Comparison
The maximum EMIF drawdown since its inception was -48.02%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMIF and EVLU.
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Drawdown Indicators
| EMIF | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.02% | -17.17% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -12.90% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.02% | — | — |
Current DrawdownCurrent decline from peak | -12.97% | -5.94% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -3.52% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 3.67% | +1.57% |
Volatility
EMIF vs. EVLU - Volatility Comparison
The current volatility for iShares Emerging Markets Infrastructure ETF (EMIF) is 5.59%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.29%. This indicates that EMIF 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
| EMIF | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 9.29% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 17.64% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 20.18% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 20.36% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 20.36% | +0.22% |
EMIF vs. EVLU - Expense Ratio Comparison
EMIF has a 0.75% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
EMIF vs. EVLU - Dividend Comparison
EMIF's dividend yield for the trailing twelve months is around 4.18%, more than EVLU's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 4.18% | 4.96% | 4.12% | 2.64% | 3.08% | 3.94% | 2.54% | 2.07% | 2.64% | 2.58% | 3.16% | 2.07% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMIF and EVLU have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.29%) compared to EMIF (5.59%). In terms of maximum drawdown, EMIF dropped -48.02% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 59.59% vs 20.42% for EMIF. On fees, EVLU is cheaper at 0.35% per year. On volatility, EMIF has been the lower-risk option at 5.59%. 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 59.59% return vs 20.42%. 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 EMIF.
EMIF has the higher dividend yield at 4.18%, compared with 3.77% for EVLU.
EMIF tracks S&P Emerging Markets Infrastructure Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.75% for EMIF and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.97 vs 1.28), 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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