EVLU vs. EDIV

Last updated Jun 4, 2026

EVLU (iShares MSCI Emerging Markets Value Factor ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net) while EDIV tracks the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past year, EVLU returned 72.04% vs 14.08% for EDIV. A 0.79 correlation means they provide meaningful diversification when combined. EVLU charges 0.35%/yr vs 0.49%/yr for EDIV.

Performance

EVLU vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Value Factor ETF (EVLU) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVLU achieves a 34.01% return, which is significantly higher than EDIV's 6.42% return.

EVLU

• 1D: -2.27%
• 1M: 15.31%
• YTD: 34.01%
• 6M: 37.37%
• 1Y: 72.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EDIV

• 1D: -1.27%
• 1M: 2.48%
• YTD: 6.42%
• 6M: 7.80%
• 1Y: 14.08%
• 3Y*: 19.05%
• 5Y*: 10.66%
• 10Y*: 9.16%

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

EVLU vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLU iShares MSCI Emerging Markets Value Factor ETF	34.01%	38.54%	1.61%
EDIV SPDR S&P Emerging Markets Dividend ETF	6.42%	16.45%	-1.21%

Correlation

The correlation between EVLU and EDIV is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024	0.79

The correlation between EVLU and EDIV has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

EVLU vs. EDIV — Risk / Return Rank

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

EVLU

EVLU Risk / Return Rank: 92
EVLU Sharpe Ratio Rank: 95
EVLU Sortino Ratio Rank: 93
EVLU Omega Ratio Rank: 93
EVLU Calmar Ratio Rank: 90
EVLU Martin Ratio Rank: 90

EDIV

EDIV Risk / Return Rank: 30
EDIV Sharpe Ratio Rank: 31
EDIV Sortino Ratio Rank: 31
EDIV Omega Ratio Rank: 31
EDIV Calmar Ratio Rank: 28
EDIV Martin Ratio Rank: 29

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.

EVLU vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	EVLU	EDIV	Difference
Sharpe ratio Return per unit of total volatility	3.80	1.16	+2.64
Sortino ratio Return per unit of downside risk	4.71	1.70	+3.02
Omega ratio Gain probability vs. loss probability	1.67	1.22	+0.45
Calmar ratio Return relative to maximum drawdown	5.61	1.37	+4.25
Martin ratio Return relative to average drawdown	20.79	4.23	+16.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVLU vs. EDIV - Sharpe Ratio Comparison

The current EVLU Sharpe Ratio is 3.80, which is higher than the EDIV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of EVLU and EDIV, 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

	EVLU	EDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	1.16	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.17	+2.06

Drawdowns

EVLU vs. EDIV - Drawdown Comparison

The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for EVLU and EDIV.

Drawdown Indicators

	EVLU	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-53.36%	+36.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-10.36%	-2.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.76%	—
Current Drawdown Current decline from peak	-2.27%	-4.07%	+1.80%
Average Drawdown Average peak-to-trough decline	-3.48%	-19.36%	+15.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.34%	+0.14%

Volatility

EVLU vs. EDIV - Volatility Comparison

iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 9.17% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.11%. This indicates that EVLU's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLU	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	4.11%	+5.06%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	10.03%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	12.19%	+6.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	13.83%	+6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	17.49%	+2.44%

EVLU vs. EDIV - Expense Ratio Comparison

EVLU has a 0.35% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

EVLU vs. EDIV - Dividend Comparison

EVLU's dividend yield for the trailing twelve months is around 3.88%, less than EDIV's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.50%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVLU and EDIV in my portfolio?

EVLU and EDIV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVLU or EDIV?

EVLU has higher volatility (9.17%) compared to EDIV (4.11%). In terms of maximum drawdown, EVLU dropped -17.17% vs EDIV's -53.36%.

Which ETF is better, EVLU or EDIV?

On 1-year performance, EVLU leads with 72.04% vs 14.08% for EDIV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EDIV has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVLU or EDIV?

Over the 1-year period, EVLU has performed better with a 72.04% return vs 14.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLU or EDIV?

EVLU is cheaper with a 0.35% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, EVLU or EDIV?

EDIV has the higher dividend yield at 4.50%, compared with 3.88% for EVLU.

What is the main difference between EVLU and EDIV?

EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for EVLU and 0.49% for EDIV.

Which has better risk-adjusted returns?

EVLU currently has the higher Sharpe Ratio (3.80 vs 1.16), 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.