EVLU vs. EDIV
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 59.59% vs 14.10% for EDIV. A 0.78 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
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Returns By Period
In the year-to-date period, EVLU achieves a 28.98% return, which is significantly higher than EDIV's 5.93% return.
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDIV
- 1D
- -1.48%
- 1M
- 0.10%
- YTD
- 5.93%
- 6M
- 5.72%
- 1Y
- 14.10%
- 3Y*
- 17.91%
- 5Y*
- 10.98%
- 10Y*
- 9.21%
EVLU vs. EDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 5.93% | 16.45% | -1.59% |
Correlation
The correlation between EVLU and EDIV is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.78 |
The correlation between EVLU and EDIV has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
EVLU vs. EDIV — Risk / Return Rank
EVLU
EDIV
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.
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 | EDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.21 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 1.37 | +3.28 |
| Martin ratioReturn relative to average drawdown | 16.27 | 4.08 | +12.19 |
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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.
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Drawdown Indicators
| EVLU | EDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -5.94% | -4.51% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -19.31% | +15.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.46% | +0.21% |
Volatility
EVLU vs. EDIV - Volatility Comparison
iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 9.29% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.81%. 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.
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Volatility by Period
| EVLU | EDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 4.81% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 10.71% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 12.67% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 13.91% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 17.38% | +2.98% |
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 3.77%, less than EDIV's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDIV SPDR S&P Emerging Markets Dividend ETF | 4.28% | 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 | 3.77% | 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
EVLU and EDIV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.29%) compared to EDIV (4.81%). In terms of maximum drawdown, EVLU dropped -17.17% vs EDIV's -53.36%.
On 1-year performance, EVLU leads with 59.59% vs 14.10% for EDIV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EDIV has been the lower-risk option at 4.81%. 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 14.10%. 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 0.49% for EDIV.
EDIV has the higher dividend yield at 4.28%, compared with 3.77% for EVLU.
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.
EVLU currently has the higher Sharpe Ratio (2.97 vs 1.12), 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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