EMVL.L vs. EMV.L

Last updated Jun 5, 2026

EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds from iShares tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EMVL.L returned 16.16%/yr vs 5.51%/yr for EMV.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

EMVL.L vs. EMV.L - 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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EMVL.L achieves a 43.83% return, which is significantly higher than EMV.L's 17.30% 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*: —

EMV.L

• 1D: -0.96%
• 1M: 4.63%
• YTD: 17.30%
• 6M: 18.32%
• 1Y: 24.93%
• 3Y*: 14.16%
• 5Y*: 5.51%
• 10Y*: 6.46%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	43.83%	43.13%	14.48%	18.38%	-16.29%	5.29%	7.16%	17.77%
EMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF	17.30%	12.97%	8.99%	6.80%	-14.44%	4.97%	7.27%	7.95%

Correlation

The correlation between EMVL.L and EMV.L is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019	0.77

The correlation between EMVL.L and EMV.L has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

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

Sectors	EMVL.L	EMV.L
Technology	44.7%	32.4%
Financial Services	13.8%	18.9%
Consumer Cyclical	11.5%	6.7%
Basic Materials	10.0%	2.9%
Energy	8.1%	3.6%
Industrials	2.7%	6.2%
Communication Services	2.5%	11.0%
Real Estate	1.8%	0.6%
Healthcare	1.7%	6.1%
Utilities	1.4%	4.7%
Consumer Defensive	1.1%	6.9%

Return for Risk

EMVL.L vs. EMV.L — 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

EMV.L

EMV.L Risk / Return Rank: 69
EMV.L Sharpe Ratio Rank: 71
EMV.L Sortino Ratio Rank: 71
EMV.L Omega Ratio Rank: 74
EMV.L Calmar Ratio Rank: 67
EMV.L Martin Ratio Rank: 62

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. EMV.L - 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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.

	EMVL.L	EMV.L	Difference
Sharpe ratio: Return per unit of total volatility	4.07	1.96	+2.11
Sortino ratio: Return per unit of downside risk	4.83	2.78	+2.05
Omega ratio: Gain probability vs. loss probability	1.69	1.37	+0.32
Calmar ratio: Return relative to maximum drawdown	7.25	2.53	+4.72
Martin ratio: Return relative to average drawdown	25.10	9.42	+15.68
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. EMV.L - Sharpe Ratio Comparison

The current EMVL.L Sharpe Ratio is 4.07, which is higher than the EMV.L Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EMVL.L and EMV.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.

Sharpe Ratios by Period

	EMVL.L	EMV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.07	1.96	+2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.43	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.29	+0.52

Drawdowns

EMVL.L vs. EMV.L - Drawdown Comparison

The maximum EMVL.L drawdown since its inception was -34.95%, which is greater than EMV.L's maximum drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for EMVL.L and EMV.L.

Drawdown Indicators

	EMVL.L	EMV.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-32.46%	-2.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-9.80%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-13.43%	-3.00%
Max Drawdown (5Y) Largest decline over 5 years	-34.57%	-22.99%	-11.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.46%	—
Current Drawdown Current decline from peak	-4.20%	-1.85%	-2.35%
Average Drawdown Average peak-to-trough decline	-9.98%	-8.69%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.64%	+0.75%

Volatility

EMVL.L vs. EMV.L - Volatility Comparison

iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a higher volatility of 9.56% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) at 5.21%. This indicates that EMVL.L's price experiences larger fluctuations and is considered to be riskier than EMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMVL.L	EMV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	5.21%	+4.35%
Volatility (6M) Calculated over the trailing 6-month period	17.52%	11.10%	+6.42%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	12.66%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	12.87%	+7.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	14.21%	+8.03%

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

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

Dividends

EMVL.L vs. EMV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

EMVL.L and EMV.L have a correlation of 0.80, 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 EMV.L?

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

Which ETF is cheaper, EMVL.L or EMV.L?

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

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

Both ETFs track MSCI EM NR USD.