EQLT vs. EMOP

Last updated Jun 24, 2026

EQLT (iShares MSCI Emerging Markets Quality Factor ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. EQLT is passively managed, while EMOP is actively managed. Over the past year, EQLT returned 53.56% vs 47.69% for EMOP. Their correlation of 0.92 suggests significant overlap in exposure. EQLT charges 0.35%/yr vs 0.70%/yr for EMOP.

Performance

EQLT vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EQLT having a 27.04% return and EMOP slightly higher at 27.21%.

EQLT

• 1D: -4.53%
• 1M: 0.53%
• YTD: 27.04%
• 6M: 27.81%
• 1Y: 53.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMOP

• 1D: -4.78%
• 1M: 1.88%
• YTD: 27.21%
• 6M: 28.58%
• 1Y: 47.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLT vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
EQLT iShares MSCI Emerging Markets Quality Factor ETF	27.04%	20.53%
EMOP AB Emerging Markets Opportunities ETF	27.21%	16.48%

Correlation

The correlation between EQLT and EMOP is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.92

The correlation between EQLT and EMOP has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

EQLT vs. EMOP - Sectors Allocation Comparison

Sectors	EQLT	EMOP
Technology	36.1%	30.3%
Financial Services	17.4%	24.0%
Industrials	10.8%	8.1%
Consumer Cyclical	10.1%	7.8%
Basic Materials	6.8%	7.0%
Communication Services	6.3%	12.3%
Energy	3.7%	2.6%
Consumer Defensive	3.2%	1.4%
Healthcare	2.6%	1.6%
Utilities	1.9%	2.8%
Real Estate	1.2%	2.3%

Return for Risk

EQLT vs. EMOP — Risk / Return Rank

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

EQLT

EQLT Risk / Return Rank: 81
EQLT Sharpe Ratio Rank: 80
EQLT Sortino Ratio Rank: 73
EQLT Omega Ratio Rank: 79
EQLT Calmar Ratio Rank: 86
EQLT Martin Ratio Rank: 87

EMOP

EMOP Risk / Return Rank: 76
EMOP Sharpe Ratio Rank: 77
EMOP Sortino Ratio Rank: 68
EMOP Omega Ratio Rank: 78
EMOP Calmar Ratio Rank: 78
EMOP Martin Ratio Rank: 79

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.

EQLT vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and AB Emerging Markets Opportunities ETF (EMOP). 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.

	EQLT	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.21	+0.15
Sortino ratio: Return per unit of downside risk	3.00	2.81	+0.18
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	4.49	3.72	+0.77
Martin ratio: Return relative to average drawdown	17.33	13.88	+3.45

EQLT vs. EMOP - Sharpe Ratio Comparison

The current EQLT Sharpe Ratio is 2.36, which is comparable to the EMOP Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of EQLT and EMOP, 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

EQLT vs. EMOP - Drawdown Comparison

The maximum EQLT drawdown since its inception was -17.38%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for EQLT and EMOP.

Drawdown Indicators

	EQLT	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-17.38%	-12.88%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	-12.88%	+0.88%
Current Drawdown Current decline from peak	-5.24%	-4.78%	-0.46%
Average Drawdown Average peak-to-trough decline	-3.59%	-2.00%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.44%	-0.34%

Volatility

EQLT vs. EMOP - Volatility Comparison

iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and AB Emerging Markets Opportunities ETF (EMOP) have volatilities of 10.59% and 10.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQLT	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	10.76%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	20.74%	19.59%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	21.65%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	21.57%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.35%	21.57%	-0.22%

EQLT vs. EMOP - Expense Ratio Comparison

EQLT has a 0.35% expense ratio, which is lower than EMOP's 0.70% expense ratio.

Dividends

EQLT vs. EMOP - Dividend Comparison

EQLT's dividend yield for the trailing twelve months is around 2.62%, more than EMOP's 0.85% yield.

Position	TTM	2025	2024
EMOP AB Emerging Markets Opportunities ETF	0.85%	0.27%	0.00%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.62%	3.10%	0.51%

Frequently Asked Questions

Can I hold both EQLT and EMOP in my portfolio?

With a correlation of 0.93, EQLT and EMOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EQLT or EMOP?

EMOP has higher volatility (10.76%) compared to EQLT (10.59%). In terms of maximum drawdown, EQLT dropped -17.38% vs EMOP's -12.88%.

Which ETF is better, EQLT or EMOP?

On 1-year performance, EQLT leads with 53.56% vs 47.69% for EMOP. On fees, EQLT is cheaper at 0.35% per year. On volatility, EQLT has been the lower-risk option at 10.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQLT or EMOP?

Over the 1-year period, EQLT has performed better with a 53.56% return vs 47.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQLT or EMOP?

EQLT is cheaper with a 0.35% expense ratio, compared with 0.70% for EMOP.

Which ETF pays a higher dividend yield, EQLT or EMOP?

EQLT has the higher dividend yield at 2.62%, compared with 0.85% for EMOP.

What is the main difference between EQLT and EMOP?

They also come from different issuers: iShares and AllianceBernstein. Their fees differ too: 0.35% for EQLT and 0.70% for EMOP.

Which has better risk-adjusted returns?

EQLT currently has the higher Sharpe Ratio (2.36 vs 2.21), 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.