EVLU vs. EMDV
EVLU (iShares MSCI Emerging Markets Value Factor ETF) and EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) are both Emerging Markets Equities funds - EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net) while EMDV tracks the MSCI Emerging Markets Dividend Masters Index. Both are passively managed. Over the past year, EVLU returned 72.04% vs 7.88% for EMDV. A 0.77 correlation means they provide meaningful diversification when combined. EVLU charges 0.35%/yr vs 0.60%/yr for EMDV.
Performance
EVLU vs. EMDV - Performance Comparison
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Returns By Period
In the year-to-date period, EVLU achieves a 34.01% return, which is significantly higher than EMDV's 1.17% return.
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMDV
- 1D
- -1.57%
- 1M
- 0.78%
- YTD
- 1.17%
- 6M
- 1.13%
- 1Y
- 7.88%
- 3Y*
- 2.77%
- 5Y*
- -3.15%
- 10Y*
- 2.64%
EVLU vs. EMDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF | 1.17% | 11.90% | 2.49% |
Correlation
The correlation between EVLU and EMDV is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.77 |
The correlation between EVLU and EMDV has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
EVLU vs. EMDV — Risk / Return Rank
EVLU
EMDV
EVLU vs. EMDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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 | EMDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.13 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | 1.09 | +4.52 |
| Martin ratioReturn relative to average drawdown | 20.79 | 3.33 | +17.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVLU | EMDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 0.71 | +3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.22 | +2.02 |
Drawdowns
EVLU vs. EMDV - Drawdown Comparison
The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum EMDV drawdown of -39.20%. Use the drawdown chart below to compare losses from any high point for EVLU and EMDV.
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Drawdown Indicators
| EVLU | EMDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -39.20% | +22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -7.24% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.20% | — |
Current DrawdownCurrent decline from peak | -2.27% | -14.80% | +12.53% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -13.55% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.37% | +1.11% |
Volatility
EVLU vs. EMDV - Volatility Comparison
iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 9.17% compared to ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) at 4.17%. This indicates that EVLU's price experiences larger fluctuations and is considered to be riskier than EMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLU | EMDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.17% | 4.17% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 9.21% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 11.21% | +7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.93% | 15.42% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 18.26% | +1.67% |
EVLU vs. EMDV - Expense Ratio Comparison
EVLU has a 0.35% expense ratio, which is lower than EMDV's 0.60% expense ratio.
Dividends
EVLU vs. EMDV - Dividend Comparison
EVLU's dividend yield for the trailing twelve months is around 3.88%, more than EMDV's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF | 2.41% | 2.46% | 2.79% | 1.88% | 3.68% | 2.12% | 3.12% | 2.38% | 1.27% | 2.09% | 2.87% |
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% |
Frequently Asked Questions
EVLU and EMDV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.17%) compared to EMDV (4.17%). In terms of maximum drawdown, EVLU dropped -17.17% vs EMDV's -39.20%.
On 1-year performance, EVLU leads with 72.04% vs 7.88% for EMDV. On fees, EVLU is cheaper at 0.35% per year. On volatility, EMDV has been the lower-risk option at 4.17%. 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 72.04% return vs 7.88%. 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 0.60% for EMDV.
EVLU has the higher dividend yield at 3.88%, compared with 2.41% for EMDV.
EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while EMDV tracks MSCI Emerging Markets Dividend Masters Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.35% for EVLU and 0.60% for EMDV.
EVLU currently has the higher Sharpe Ratio (3.80 vs 0.71), 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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