EMVL.L vs. DFEV

Last updated Jun 5, 2026

EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and DFEV (Dimensional Emerging Markets Value ETF) are both exchange-traded funds - EMVL.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while DFEV is a Emerging Markets Diversified fund actively managed by Dimensional. EMVL.L is passively managed, while DFEV is actively managed. Over the past 3 years, EMVL.L returned 37.66%/yr vs 25.32%/yr for DFEV. A 0.75 correlation means they provide meaningful diversification when combined. EMVL.L charges 0.40%/yr vs 0.43%/yr for DFEV.

Performance

EMVL.L vs. DFEV - Performance Comparison

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

Returns By Period

In the year-to-date period, EMVL.L achieves a 43.83% return, which is significantly higher than DFEV's 28.33% return.

EMVL.L

• 1D: -2.57%
• 1M: 10.78%
• YTD: 43.83%
• 6M: 48.06%
• 1Y: 85.89%
• 3Y*: 37.66%
• 5Y*: 16.16%
• 10Y*: —

DFEV

• 1D: -0.87%
• 1M: 5.51%
• YTD: 28.33%
• 6M: 31.31%
• 1Y: 54.16%
• 3Y*: 25.32%
• 5Y*: —
• 10Y*: —

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

EMVL.L vs. DFEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	43.83%	43.13%	14.48%	18.38%	-6.06%
DFEV Dimensional Emerging Markets Value ETF	28.33%	32.54%	7.26%	15.52%	-6.71%

Correlation

The correlation between EMVL.L and DFEV is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022	0.75

The correlation between EMVL.L and DFEV has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

EMVL.L vs. DFEV - Sectors Allocation Comparison

Sectors	EMVL.L	DFEV
Technology	44.7%	28.6%
Financial Services	13.8%	16.8%
Consumer Cyclical	11.5%	10.5%
Basic Materials	10.0%	7.4%
Energy	8.1%	7.6%
Industrials	2.7%	9.8%
Communication Services	2.5%	3.5%
Real Estate	1.8%	1.6%
Healthcare	1.7%	3.3%
Utilities	1.4%	0.8%
Consumer Defensive	1.1%	3.4%

Return for Risk

EMVL.L vs. DFEV — Risk / Return Rank

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

EMVL.L

EMVL.L Risk / Return Rank: 94
EMVL.L Sharpe Ratio Rank: 96
EMVL.L Sortino Ratio Rank: 94
EMVL.L Omega Ratio Rank: 94
EMVL.L Calmar Ratio Rank: 94
EMVL.L Martin Ratio Rank: 93

DFEV

DFEV Risk / Return Rank: 88
DFEV Sharpe Ratio Rank: 91
DFEV Sortino Ratio Rank: 89
DFEV Omega Ratio Rank: 90
DFEV Calmar Ratio Rank: 86
DFEV Martin Ratio Rank: 86

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.

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

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

	EMVL.L	DFEV	Difference
Sharpe ratio: Return per unit of total volatility	4.07	3.14	+0.93
Sortino ratio: Return per unit of downside risk	4.83	4.10	+0.73
Omega ratio: Gain probability vs. loss probability	1.69	1.57	+0.12
Calmar ratio: Return relative to maximum drawdown	7.25	4.79	+2.46
Martin ratio: Return relative to average drawdown	25.10	18.05	+7.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMVL.L vs. DFEV - Sharpe Ratio Comparison

The current EMVL.L Sharpe Ratio is 4.07, which is comparable to the DFEV Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of EMVL.L and DFEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMVL.L	DFEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.07	3.14	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.10	-0.29

Drawdowns

EMVL.L vs. DFEV - Drawdown Comparison

The maximum EMVL.L drawdown since its inception was -34.95%, which is greater than DFEV's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for EMVL.L and DFEV.

Drawdown Indicators

	EMVL.L	DFEV	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-18.49%	-16.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-11.35%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-17.94%	+1.51%
Max Drawdown (5Y) Largest decline over 5 years	-34.57%	—	—
Current Drawdown Current decline from peak	-4.20%	-2.22%	-1.98%
Average Drawdown Average peak-to-trough decline	-9.98%	-4.65%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.01%	+0.38%

Volatility

EMVL.L vs. DFEV - Volatility Comparison

iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a higher volatility of 9.56% compared to Dimensional Emerging Markets Value ETF (DFEV) at 7.51%. This indicates that EMVL.L's price experiences larger fluctuations and is considered to be riskier than DFEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMVL.L	DFEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	7.51%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	17.52%	14.89%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	17.35%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	16.42%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	16.42%	+5.82%

EMVL.L vs. DFEV - Expense Ratio Comparison

EMVL.L has a 0.40% expense ratio, which is lower than DFEV's 0.43% expense ratio.

Dividends

EMVL.L vs. DFEV - Dividend Comparison

EMVL.L has not paid dividends to shareholders, while DFEV's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022
DFEV Dimensional Emerging Markets Value ETF	2.04%	2.69%	3.17%	3.47%	3.35%
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMVL.L and DFEV in my portfolio?

EMVL.L and DFEV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMVL.L or DFEV?

On fees, EMVL.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, EMVL.L or DFEV?

EMVL.L is cheaper with a 0.40% expense ratio, compared with 0.43% for DFEV.

What is the main difference between EMVL.L and DFEV?

EMVL.L is categorized as Emerging Markets Equities, while DFEV is Emerging Markets Diversified. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.40% for EMVL.L and 0.43% for DFEV.