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EMV.L vs. EMVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMV.L vs. EMVL.L

Last updated Jun 5, 2026

EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds from iShares tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EMV.L returned 6.63%/yr vs 18.02%/yr for EMVL.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

EMV.L vs. EMVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, EMV.L achieves a 17.59% return, which is significantly lower than EMVL.L's 48.17% return.

EMV.L

1D
-1.01%
1M
5.53%
YTD
17.59%
6M
17.45%
1Y
26.13%
3Y*
11.29%
5Y*
6.63%
10Y*
7.24%

EMVL.L

1D
0.00%
1M
14.71%
YTD
48.17%
6M
50.86%
1Y
92.57%
3Y*
35.35%
5Y*
18.02%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMV.L vs. EMVL.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EMV.L
iShares Edge MSCI EM Minimum Volatility UCITS ETF		17.59%5.04%10.84%1.45%-4.20%5.93%4.08%2.69%
EMVL.L
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)		44.41%32.93%16.48%12.46%-6.33%6.28%2.62%13.52%

Correlation

The correlation between EMV.L and EMVL.L is 0.76, 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

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2019

0.72

The correlation between EMV.L and EMVL.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

EMV.L vs. EMVL.L - Sectors Allocation Comparison

Sectors
EMV.L
EMVL.L

Technology

32.4%
44.7%

Financial Services

18.9%
13.8%

Communication Services

11.0%
2.5%

Consumer Defensive

6.9%
1.1%

Consumer Cyclical

6.7%
11.5%

Industrials

6.2%
2.7%

Healthcare

6.1%
1.7%

Utilities

4.7%
1.4%

Energy

3.6%
8.1%

Basic Materials

2.9%
10.0%

Real Estate

0.6%
1.8%

Technology

EMV.L
32.4%
EMVL.L
44.7%

Financial Services

EMV.L
18.9%
EMVL.L
13.8%

Communication Services

EMV.L
11.0%
EMVL.L
2.5%

Consumer Defensive

EMV.L
6.9%
EMVL.L
1.1%

Consumer Cyclical

EMV.L
6.7%
EMVL.L
11.5%

Industrials

EMV.L
6.2%
EMVL.L
2.7%

Healthcare

EMV.L
6.1%
EMVL.L
1.7%

Utilities

EMV.L
4.7%
EMVL.L
1.4%

Energy

EMV.L
3.6%
EMVL.L
8.1%

Basic Materials

EMV.L
2.9%
EMVL.L
10.0%

Real Estate

EMV.L
0.6%
EMVL.L
1.8%

Compare stocks, funds, or ETFs

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iShares Edge MSCI EM Minimum Volatility UCITS ETF

iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)

Often compared with EMV.L:
EMV.L vs. CEA1.LEMV.L vs. EMIM.LEMV.L vs. NDIA.LEMV.L vs. XDEQ.LEMV.L vs. FEMQ.LEMV.L vs. ZEM.TOEMV.L vs. MXFP.L
Often compared with EMVL.L:
EMVL.L vs. EIMI.LEMVL.L vs. AVESEMVL.L vs. AVEMEMVL.L vs. DGSE.LEMVL.L vs. HSEF.LEMVL.L vs. VWOEMVL.L vs. IWDA.L

Return for Risk

EMV.L vs. EMVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMV.L
EMV.L Risk / Return Rank: 6969
Overall Rank
EMV.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
EMV.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
EMV.L Omega Ratio Rank: 7474
Omega Ratio Rank
EMV.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
EMV.L Martin Ratio Rank: 6262
Martin Ratio Rank
EMVL.L
EMVL.L Risk / Return Rank: 9494
Overall Rank
EMVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
EMVL.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
EMVL.L Omega Ratio Rank: 9494
Omega Ratio Rank
EMVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
EMVL.L Martin Ratio Rank: 9393
Martin Ratio Rank
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.

EMV.L vs. EMVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.

EMV.LEMVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.29
4.66

-2.37

Sortino ratioReturn per unit of downside risk
3.17
5.42

-2.25

Omega ratioGain probability vs. loss probability

1.43

1.79

-0.36

Calmar ratioReturn relative to maximum drawdown

3.28

9.18

-5.89

Martin ratioReturn relative to average drawdown

11.15

28.06

-16.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMV.L vs. EMVL.L - Sharpe Ratio Comparison

The current EMV.L Sharpe Ratio is 2.29, which is lower than the EMVL.L Sharpe Ratio of 4.66. The chart below compares the historical Sharpe Ratios of EMV.L and EMVL.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.

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Sharpe Ratios by Period

EMV.LEMVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

4.66

-2.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.98

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.84

-0.43

Drawdowns

EMV.L vs. EMVL.L - Drawdown Comparison

The maximum EMV.L drawdown since its inception was -28.68%, which is greater than EMVL.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for EMV.L and EMVL.L.

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Drawdown Indicators

EMV.LEMVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.68%

-25.84%

-2.84%

Max Drawdown (1Y)

Largest decline over 1 year

-7.93%

-9.93%

+2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-11.19%

-15.76%

+4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-11.19%

-20.28%

+9.09%

Max Drawdown (10Y)

Largest decline over 10 years

-22.59%

—

—

Current Drawdown

Current decline from peak

-1.54%

-1.41%

-0.13%

Average Drawdown

Average peak-to-trough decline

-5.90%

-6.14%

+0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.34%

3.27%

-0.93%

Volatility

EMV.L vs. EMVL.L - Volatility Comparison

The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) is 4.60%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 8.68%. This indicates that EMV.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMV.LEMVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

8.68%

-4.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.74%

16.45%

-6.71%

Volatility (1Y)

Calculated over the trailing 1-year period

11.37%

19.58%

-8.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.94%

18.40%

-7.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.28%

20.72%

-7.44%

EMV.L vs. EMVL.L - Expense Ratio Comparison

Both EMV.L and EMVL.L have an expense ratio of 0.40%.

Dividends

EMV.L vs. EMVL.L - Dividend Comparison

Neither EMV.L nor EMVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

EMV.L and EMVL.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

EMV.L and EMVL.L have the same expense ratio: 0.40% per year.

Both ETFs track MSCI EM NR USD.

Portfolio Optimizer

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