EMXC vs. EVLU
EMXC (iShares MSCI Emerging Markets ex China ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - EMXC tracks the MSCI Emerging Markets ex China Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, EMXC returned 77.94% vs 72.04% for EVLU. Their correlation of 0.83 suggests significant overlap in exposure. EMXC charges 0.49%/yr vs 0.35%/yr for EVLU.
Performance
EMXC vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC achieves a 41.72% return, which is significantly higher than EVLU's 34.01% return.
EMXC
- 1D
- -1.00%
- 1M
- 12.61%
- YTD
- 41.72%
- 6M
- 46.94%
- 1Y
- 77.94%
- 3Y*
- 29.08%
- 5Y*
- 12.76%
- 10Y*
- —
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXC vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 41.72% | 35.14% | -3.42% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between EMXC and EVLU is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.83 |
The correlation between EMXC and EVLU has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
EMXC vs. EVLU — Risk / Return Rank
EMXC
EVLU
EMXC vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) 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.
| EMXC | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.67 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 5.61 | -0.18 |
| Martin ratioReturn relative to average drawdown | 21.99 | 20.79 | +1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMXC | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.61 | 3.80 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 2.23 | -1.68 |
Drawdowns
EMXC vs. EVLU - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for EMXC and EVLU.
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Drawdown Indicators
| EMXC | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -17.17% | -25.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -12.90% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -2.27% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -3.48% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.48% | +0.08% |
Volatility
EMXC vs. EVLU - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 9.88% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 9.17%. This indicates that EMXC'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
| EMXC | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 9.17% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 16.23% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 19.04% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 19.93% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 19.93% | -0.11% |
EMXC vs. EVLU - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
EMXC vs. EVLU - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 1.99%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 1.99% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMXC and EVLU have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (9.88%) compared to EVLU (9.17%). In terms of maximum drawdown, EMXC dropped -42.81% vs EVLU's -17.17%.
On 1-year performance, EMXC leads with 77.94% vs 72.04% for EVLU. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 9.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMXC has performed better with a 77.94% return vs 72.04%. 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 0.49% for EMXC.
EVLU has the higher dividend yield at 3.88%, compared with 1.99% for EMXC.
EMXC tracks MSCI Emerging Markets ex China Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.49% for EMXC and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 3.61), 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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