EMSF vs. EVLU
EMSF (Matthews Emerging Markets Sustainable Future Active ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds. EMSF is actively managed, while EVLU is passively managed. Over the past year, EMSF returned 42.52% vs 52.71% for EVLU. Their correlation of 0.85 means they have usually moved in the same direction. EMSF charges 0.79%/yr vs 0.35%/yr for EVLU.
Performance
EMSF vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, EMSF achieves a 30.73% return, which is significantly higher than EVLU's 26.39% return.
EMSF
- 1D
- 0.83%
- 1M
- -8.36%
- 6M
- 17.49%
- YTD
- 30.73%
- 1Y
- 42.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.92%
EVLU
- 1D
- 0.12%
- 1M
- 0.50%
- 6M
- 16.81%
- YTD
- 26.39%
- 1Y
- 52.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $80.02K | $93.23K | $184.42K | |
| $154.42K | $144.62K | $121.49K |
EMSF vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 30.73% | 19.20% | -2.64% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 26.39% | 38.54% | 1.21% |
Correlation
The correlation between EMSF and EVLU is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.85 |
The correlation between EMSF and EVLU has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
EMSF vs. EVLU — Risk / Return Rank
EMSF
EVLU
EMSF vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Sustainable Future Active ETF (EMSF) 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.
| EMSF | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 4.01 | -1.90 |
| Martin ratioReturn relative to average drawdown | 7.05 | 11.62 | -4.57 |
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Drawdowns
EMSF vs. EVLU - Drawdown Comparison
The maximum EMSF drawdown since its inception was -24.75%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMSF and EVLU.
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Drawdown Indicators
| EMSF | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -17.17% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -12.90% | -6.59% |
Current DrawdownCurrent decline from peak | -15.62% | -7.82% | -7.80% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -3.75% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 4.44% | +1.36% |
Volatility
EMSF vs. EVLU - Volatility Comparison
Matthews Emerging Markets Sustainable Future Active ETF (EMSF) has a higher volatility of 10.79% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 6.36%. This indicates that EMSF's price experiences larger fluctuations and is considered to be riskier 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
| EMSF | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.79% | 6.36% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.54% | 18.46% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.10% | 20.91% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 20.37% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 20.37% | +4.03% |
EMSF vs. EVLU - Expense Ratio Comparison
EMSF has a 0.79% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
EMSF vs. EVLU - Dividend Comparison
EMSF's dividend yield for the trailing twelve months is around 1.44%, less than EVLU's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 1.44% | 1.88% | 3.29% | 0.02% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.85% | 5.20% | 1.03% | 0.00% |
Frequently Asked Questions
EMSF and EVLU have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMSF has higher volatility (10.79%) compared to EVLU (6.36%). In terms of maximum drawdown, EMSF dropped -24.75% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 52.71% vs 42.52% for EMSF. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 6.36%. 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 52.71% return vs 42.52%. 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 0.79% for EMSF.
EVLU has the higher dividend yield at 3.85%, compared with 1.44% for EMSF.
They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for EMSF and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.47 vs 1.36), 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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