EMMV.L vs. SEDY.L

Last updated Jul 21, 2026

EMMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)) and SEDY.L (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds from iShares - EMMV.L tracks the MSCI Emerging Markets Minimum Volatility Index (Net) while SEDY.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, EMMV.L returned 5.62%/yr vs 6.35%/yr for SEDY.L. A 0.78 correlation means they provide meaningful diversification when combined. EMMV.L charges 0.40%/yr vs 0.65%/yr for SEDY.L.

Performance

EMMV.L vs. SEDY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) and iShares Emerging Markets Dividend UCITS ETF (SEDY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EMMV.L is traded in USD, while SEDY.L is traded in GBp. To make them comparable, the SEDY.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMMV.L achieves a 12.47% return, which is significantly higher than SEDY.L's 9.80% return. Over the past 10 years, EMMV.L has underperformed SEDY.L with an annualized return of 5.62%, while SEDY.L has yielded a comparatively higher 6.35% annualized return.

EMMV.L

• 1D: 0.25%
• 1M: -6.70%
• 6M: 8.62%
• YTD: 12.47%
• 1Y: 16.51%
• 3Y*: 11.83%
• 5Y*: 5.22%
• 10Y*: 5.62%
• ALL TIME*: 4.06%

SEDY.L

• 1D: 1.14%
• 1M: 0.85%
• 6M: 5.14%
• YTD: 9.80%
• 1Y: 22.15%
• 3Y*: 18.74%
• 5Y*: 5.13%
• 10Y*: 6.35%
• ALL TIME*: 0.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMMV.L vs. SEDY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)	12.47%	12.62%	8.30%	8.03%	-14.19%	4.40%	7.89%	6.68%	-5.45%	26.38%
SEDY.L iShares Emerging Markets Dividend UCITS ETF	9.80%	27.66%	6.90%	18.97%	-30.91%	11.63%	-2.97%	14.87%	-5.42%	25.64%

Correlation

The correlation between EMMV.L and SEDY.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.78

The correlation between EMMV.L and SEDY.L shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

EMMV.L vs. SEDY.L - Sectors Allocation Comparison

Sectors	EMMV.L	SEDY.L
Technology	37.3%	8.7%
Financial Services	18.2%	29.1%
Communication Services	10.1%	1.8%
Consumer Cyclical	6.7%	4.5%
Industrials	5.8%	17.2%
Healthcare	5.5%	-
Consumer Defensive	5.5%	2.4%
Utilities	4.2%	7.0%
Energy	3.5%	17.3%
Basic Materials	2.6%	8.4%
Real Estate	0.6%	3.6%

Return for Risk

EMMV.L vs. SEDY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMMV.L

EMMV.L Risk / Return Rank: 43
EMMV.L Sharpe Ratio Rank: 41
EMMV.L Sortino Ratio Rank: 40
EMMV.L Omega Ratio Rank: 43
EMMV.L Calmar Ratio Rank: 44
EMMV.L Martin Ratio Rank: 45

SEDY.L

SEDY.L Risk / Return Rank: 74
SEDY.L Sharpe Ratio Rank: 77
SEDY.L Sortino Ratio Rank: 77
SEDY.L Omega Ratio Rank: 73
SEDY.L Calmar Ratio Rank: 78
SEDY.L Martin Ratio Rank: 66

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.

EMMV.L vs. SEDY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) and iShares Emerging Markets Dividend UCITS ETF (SEDY.L). 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.

	EMMV.L	SEDY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.61	-0.51
Sortino ratio: Return per unit of downside risk	1.59	2.24	-0.65
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.69	2.57	-0.88
Martin ratio: Return relative to average drawdown	5.34	7.07	-1.73

EMMV.L vs. SEDY.L - Sharpe Ratio Comparison

The current EMMV.L Sharpe Ratio is 1.09, which is lower than the SEDY.L Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of EMMV.L and SEDY.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMMV.L vs. SEDY.L - Drawdown Comparison

The maximum EMMV.L drawdown since its inception was -32.15%, smaller than the maximum SEDY.L drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for EMMV.L and SEDY.L.

Drawdown Indicators

	EMMV.L	SEDY.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.15%	-55.31%	+23.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-8.58%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-12.41%	-13.31%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-40.64%	+18.30%
Max Drawdown (10Y) Largest decline over 10 years	-32.15%	-40.64%	+8.49%
Current Drawdown Current decline from peak	-7.71%	-4.64%	-3.07%
Average Drawdown Average peak-to-trough decline	-8.54%	-24.24%	+15.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.13%	-0.04%

Volatility

EMMV.L vs. SEDY.L - Volatility Comparison

iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc) (EMMV.L) has a higher volatility of 6.25% compared to iShares Emerging Markets Dividend UCITS ETF (SEDY.L) at 3.74%. This indicates that EMMV.L's price experiences larger fluctuations and is considered to be riskier than SEDY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMMV.L	SEDY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	3.74%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	11.45%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	13.75%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	17.07%	-4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	17.32%	-3.25%

EMMV.L vs. SEDY.L - Expense Ratio Comparison

EMMV.L has a 0.40% expense ratio, which is lower than SEDY.L's 0.65% expense ratio.

Dividends

EMMV.L vs. SEDY.L - Dividend Comparison

EMMV.L has not paid dividends to shareholders, while SEDY.L's dividend yield for the trailing twelve months is around 5.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEDY.L iShares Emerging Markets Dividend UCITS ETF	5.09%	5.72%	7.74%	7.99%	9.32%	6.42%	5.11%	5.84%	5.54%	4.07%	4.25%	6.31%

Frequently Asked Questions

Can I hold both EMMV.L and SEDY.L in my portfolio?

EMMV.L and SEDY.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMMV.L or SEDY.L?

On fees, EMMV.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMMV.L or SEDY.L?

EMMV.L is cheaper with a 0.40% expense ratio, compared with 0.65% for SEDY.L.

What is the main difference between EMMV.L and SEDY.L?

EMMV.L tracks MSCI Emerging Markets Minimum Volatility Index (Net), while SEDY.L tracks MSCI EM NR USD. Their fees differ too: 0.40% for EMMV.L and 0.65% for SEDY.L.