ESEM.L vs. EMVL.L

Last updated Jun 5, 2026

ESEM.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - ESEM.L tracks the MSCI EM (Emerging Markets) Universal Select Business Screens Index while EMVL.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, ESEM.L returned 23.60%/yr vs 37.66%/yr for EMVL.L. Their correlation of 0.91 suggests significant overlap in exposure. ESEM.L charges 0.19%/yr vs 0.40%/yr for EMVL.L.

Performance

ESEM.L vs. EMVL.L - Performance Comparison

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

Returns By Period

In the year-to-date period, ESEM.L achieves a 27.82% return, which is significantly lower than EMVL.L's 43.83% return.

ESEM.L

• 1D: -1.43%
• 1M: 7.41%
• YTD: 27.82%
• 6M: 30.89%
• 1Y: 52.29%
• 3Y*: 23.60%
• 5Y*: —
• 10Y*: —

EMVL.L

• 1D: -2.57%
• 1M: 7.95%
• YTD: 43.83%
• 6M: 46.82%
• 1Y: 84.01%
• 3Y*: 37.66%
• 5Y*: 16.16%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
ESEM.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	27.82%	33.08%	5.76%	9.03%	-20.65%	-5.82%
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	43.83%	43.13%	14.48%	18.38%	-16.29%	-4.76%

Correlation

The correlation between ESEM.L and EMVL.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	0.91

The correlation between ESEM.L and EMVL.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

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

Sectors	ESEM.L	EMVL.L
Technology	41.4%	44.7%
Financial Services	25.1%	13.8%
Consumer Cyclical	7.7%	11.5%
Communication Services	6.2%	2.5%
Basic Materials	4.7%	10.0%
Industrials	4.5%	2.7%
Healthcare	2.7%	1.7%
Energy	2.7%	8.1%
Consumer Defensive	2.6%	1.1%
Utilities	1.2%	1.4%
Real Estate	0.9%	1.8%

Return for Risk

ESEM.L vs. EMVL.L — Risk / Return Rank

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

ESEM.L

ESEM.L Risk / Return Rank: 80
ESEM.L Sharpe Ratio Rank: 82
ESEM.L Sortino Ratio Rank: 80
ESEM.L Omega Ratio Rank: 82
ESEM.L Calmar Ratio Rank: 79
ESEM.L Martin Ratio Rank: 79

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

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.

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

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

	ESEM.L	EMVL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	4.07	-1.44
Sortino ratio: Return per unit of downside risk	3.52	4.83	-1.31
Omega ratio: Gain probability vs. loss probability	1.48	1.69	-0.21
Calmar ratio: Return relative to maximum drawdown	4.02	7.25	-3.23
Martin ratio: Return relative to average drawdown	15.05	25.10	-10.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESEM.L vs. EMVL.L - Sharpe Ratio Comparison

The current ESEM.L Sharpe Ratio is 2.63, which is lower than the EMVL.L Sharpe Ratio of 4.07. The chart below compares the historical Sharpe Ratios of ESEM.L and EMVL.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

	ESEM.L	EMVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	4.07	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.81	-0.39

Drawdowns

ESEM.L vs. EMVL.L - Drawdown Comparison

The maximum ESEM.L drawdown since its inception was -35.55%, roughly equal to the maximum EMVL.L drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for ESEM.L and EMVL.L.

Drawdown Indicators

	ESEM.L	EMVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-34.95%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-11.65%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-16.43%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.25%	—
Current Drawdown Current decline from peak	-2.48%	-4.20%	+1.72%
Average Drawdown Average peak-to-trough decline	-14.38%	-9.98%	-4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.39%	+0.07%

Volatility

ESEM.L vs. EMVL.L - Volatility Comparison

The current volatility for Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc (ESEM.L) is 9.02%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 9.56%. This indicates that ESEM.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESEM.L	EMVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.02%	9.56%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	17.42%	17.52%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	20.79%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	20.00%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	22.24%	-3.10%

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

ESEM.L has a 0.19% expense ratio, which is lower than EMVL.L's 0.40% expense ratio.

Dividends

ESEM.L vs. EMVL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ESEM.L and EMVL.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESEM.L or EMVL.L?

On fees, ESEM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ESEM.L is cheaper with a 0.19% expense ratio, compared with 0.40% for EMVL.L.

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

ESEM.L tracks MSCI EM (Emerging Markets) Universal Select Business Screens Index, while EMVL.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESEM.L and 0.40% for EMVL.L.