EPP vs. EEMV

Last updated Aug 2, 2026

EPP (iShares MSCI Pacific ex Japan ETF) and EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) are both exchange-traded funds - EPP is a Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index, while EEMV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index. Both are passively managed. Over the past 10 years, EPP returned 7.34%/yr vs 5.71%/yr for EEMV. Their 0.78 correlation means they have sometimes moved together and sometimes differently. EPP charges 0.48%/yr vs 0.25%/yr for EEMV.

Performance

EPP vs. EEMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Pacific ex Japan ETF (EPP) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPP achieves a 13.66% return, which is significantly higher than EEMV's 12.46% return. Over the past 10 years, EPP has outperformed EEMV with an annualized return of 7.34%, while EEMV has yielded a comparatively lower 5.71% annualized return.

EPP

• 1D: -1.26%
• 1M: 5.83%
• 6M: 7.04%
• YTD: 13.66%
• 1Y: 19.08%
• 3Y*: 13.55%
• 5Y*: 6.35%
• 10Y*: 7.34%
• ALL TIME*: 9.07%

EEMV

• 1D: -0.38%
• 1M: -2.94%
• 6M: 7.78%
• YTD: 12.46%
• 1Y: 18.06%
• 3Y*: 11.41%
• 5Y*: 5.62%
• 10Y*: 5.71%
• ALL TIME*: 5.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	$16.28M	$14.89M	$17.73M
EPP iShares MSCI Pacific ex Japan ETF	$14.47M	$15.53M	$19.44M

EPP vs. EEMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPP iShares MSCI Pacific ex Japan ETF	13.66%	19.70%	4.76%	5.76%	-6.59%	4.26%	6.04%	18.30%	-10.78%	26.05%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	12.46%	13.45%	7.98%	7.75%	-13.94%	5.05%	6.90%	7.83%	-5.81%	27.28%

Correlation

The correlation between EPP and EEMV is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.78

The correlation between EPP and EEMV shifts across timeframes, from 0.67 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

EPP vs. EEMV - Sectors Allocation Comparison

Sectors	EPP	EEMV
Financial Services	45.0%	18.3%
Basic Materials	15.8%	2.6%
Industrials	8.7%	5.8%
Real Estate	7.2%	0.6%
Consumer Cyclical	6.9%	6.7%
Healthcare	3.8%	5.5%
Utilities	3.5%	4.2%
Consumer Defensive	3.2%	5.4%
Communication Services	2.6%	10.0%
Energy	2.5%	3.5%
Technology	1.0%	37.4%

Return for Risk

EPP vs. EEMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPP

EPP Risk / Return Rank: 52
EPP Sharpe Ratio Rank: 51
EPP Sortino Ratio Rank: 50
EPP Omega Ratio Rank: 50
EPP Calmar Ratio Rank: 61
EPP Martin Ratio Rank: 51

EEMV

EEMV Risk / Return Rank: 48
EEMV Sharpe Ratio Rank: 44
EEMV Sortino Ratio Rank: 43
EEMV Omega Ratio Rank: 49
EEMV Calmar Ratio Rank: 53
EEMV Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPP vs. EEMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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.

	EPP	EEMV	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.10	+0.13
Sortino ratio: Return per unit of downside risk	1.77	1.57	+0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	2.13	1.90	+0.23
Martin ratio: Return relative to average drawdown	5.94	5.72	+0.23

EPP vs. EEMV - Sharpe Ratio Comparison

The current EPP Sharpe Ratio is 1.23, which is comparable to the EEMV Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of EPP and EEMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPP vs. EEMV - Drawdown Comparison

The maximum EPP drawdown since its inception was -66.01%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for EPP and EEMV.

Drawdown Indicators

	EPP	EEMV	Difference
Max Drawdown Largest peak-to-trough decline	-66.01%	-31.56%	-34.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-9.50%	+0.71%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-12.47%	-6.82%
Max Drawdown (5Y) Largest decline over 5 years	-24.55%	-21.90%	-2.65%
Max Drawdown (10Y) Largest decline over 10 years	-39.30%	-31.56%	-7.74%
Current Drawdown Current decline from peak	-1.26%	-7.20%	+5.94%
Average Drawdown Average peak-to-trough decline	-10.57%	-7.94%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.16%	-0.01%

Volatility

EPP vs. EEMV - Volatility Comparison

The current volatility for iShares MSCI Pacific ex Japan ETF (EPP) is 3.89%, while iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a volatility of 6.49%. This indicates that EPP experiences smaller price fluctuations and is considered to be less risky than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPP	EEMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	6.49%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	12.79%	15.49%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	16.51%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	12.61%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	14.06%	+4.95%

EPP vs. EEMV - Expense Ratio Comparison

EPP has a 0.48% expense ratio, which is higher than EEMV's 0.25% expense ratio.

Dividends

EPP vs. EEMV - Dividend Comparison

EPP's dividend yield for the trailing twelve months is around 3.31%, more than EEMV's 2.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	2.27%	2.65%	3.50%	2.75%	1.93%	2.14%	2.45%	2.63%	2.46%	2.34%	2.79%	2.55%
EPP iShares MSCI Pacific ex Japan ETF	3.31%	3.77%	3.81%	4.10%	4.37%	4.58%	2.28%	3.89%	5.00%	4.15%	3.96%	4.90%

Frequently Asked Questions

Can I hold both EPP and EEMV in my portfolio?

EPP and EEMV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPP or EEMV?

EEMV has higher volatility (6.49%) compared to EPP (3.89%). In terms of maximum drawdown, EPP dropped -66.01% vs EEMV's -31.56%.

Which ETF is better, EPP or EEMV?

On 10-year performance, EPP leads with 7.34% vs 5.71% for EEMV. On fees, EEMV is cheaper at 0.25% per year. On volatility, EPP has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPP or EEMV?

Over the 10-year period, EPP has performed better with a 7.34% return vs 5.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPP or EEMV?

EEMV is cheaper with a 0.25% expense ratio, compared with 0.48% for EPP.

Which ETF pays a higher dividend yield, EPP or EEMV?

EPP has the higher dividend yield at 3.31%, compared with 2.27% for EEMV.

What is the main difference between EPP and EEMV?

EPP is categorized as Asia Pacific Equities, while EEMV is Emerging Markets Equities. EPP tracks MSCI Pacific ex-Japan Index, while EEMV tracks MSCI Emerging Markets Minimum Volatility Index. Their fees differ too: 0.48% for EPP and 0.25% for EEMV.

Which has better risk-adjusted returns?

EPP currently has the higher Sharpe Ratio (1.23 vs 1.10), 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.