EVLU vs. DFEV
EVLU (iShares MSCI Emerging Markets Value Factor ETF) and DFEV (Dimensional Emerging Markets Value ETF) are both exchange-traded funds - EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net), while DFEV is a Emerging Markets Diversified fund actively managed by Dimensional. EVLU is passively managed, while DFEV is actively managed. Over the past year, EVLU returned 59.59% vs 48.75% for DFEV. Their correlation of 0.93 suggests significant overlap in exposure. EVLU charges 0.35%/yr vs 0.43%/yr for DFEV.
Performance
EVLU vs. DFEV - Performance Comparison
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Returns By Period
In the year-to-date period, EVLU achieves a 28.98% return, which is significantly higher than DFEV's 25.45% return.
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEV
- 1D
- -5.33%
- 1M
- 2.00%
- YTD
- 25.45%
- 6M
- 26.35%
- 1Y
- 48.75%
- 3Y*
- 24.39%
- 5Y*
- —
- 10Y*
- —
EVLU vs. DFEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
DFEV Dimensional Emerging Markets Value ETF | 25.45% | 32.54% | -1.19% |
Correlation
The correlation between EVLU and DFEV 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 Sep 6, 2024 | 0.93 |
The correlation between EVLU and DFEV has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
EVLU vs. DFEV — Risk / Return Rank
EVLU
DFEV
EVLU vs. DFEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Dimensional Emerging Markets Value ETF (DFEV). 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.
| EVLU | DFEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.47 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 4.31 | +0.33 |
| Martin ratioReturn relative to average drawdown | 16.27 | 15.41 | +0.86 |
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Drawdowns
EVLU vs. DFEV - Drawdown Comparison
The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum DFEV drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for EVLU and DFEV.
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Drawdown Indicators
| EVLU | DFEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -18.49% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -11.35% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.94% | — |
Current DrawdownCurrent decline from peak | -5.94% | -5.33% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -4.63% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.17% | +0.50% |
Volatility
EVLU vs. DFEV - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Value Factor ETF (EVLU) is 9.29%, while Dimensional Emerging Markets Value ETF (DFEV) has a volatility of 11.67%. This indicates that EVLU experiences smaller price fluctuations and is considered to be less risky than DFEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLU | DFEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 11.67% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 18.08% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 20.00% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 17.09% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 17.09% | +3.27% |
EVLU vs. DFEV - Expense Ratio Comparison
EVLU has a 0.35% expense ratio, which is lower than DFEV's 0.43% expense ratio.
Dividends
EVLU vs. DFEV - Dividend Comparison
EVLU's dividend yield for the trailing twelve months is around 3.77%, more than DFEV's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.09% | 2.69% | 3.17% | 3.47% | 3.35% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, EVLU and DFEV 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.
DFEV has higher volatility (11.67%) compared to EVLU (9.29%). In terms of maximum drawdown, EVLU dropped -17.17% vs DFEV's -18.49%.
On 1-year performance, EVLU leads with 59.59% vs 48.75% for DFEV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 59.59% return vs 48.75%. 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 0.43% for DFEV.
EVLU has the higher dividend yield at 3.77%, compared with 2.09% for DFEV.
EVLU is categorized as Emerging Markets Equities, while DFEV is Emerging Markets Diversified. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.35% for EVLU and 0.43% for DFEV.
EVLU currently has the higher Sharpe Ratio (2.97 vs 2.45), 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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