EVLU vs. FEMVX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Fidelity SAI Emerging Markets Value Index Fund (FEMVX).

EVLU is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Value Factor Select Index (Net). It was launched on Sep 4, 2024. FEMVX is managed by Fidelity. It was launched on May 11, 2020.

Performance

EVLU vs. FEMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Fidelity SAI Emerging Markets Value Index Fund (FEMVX). The values are adjusted to include any dividend payments, if applicable.

EVLU vs. FEMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLU iShares MSCI Emerging Markets Value Factor ETF	4.44%	38.54%	1.61%
FEMVX Fidelity SAI Emerging Markets Value Index Fund	3.44%	33.95%	0.79%

Returns By Period

In the year-to-date period, EVLU achieves a 4.44% return, which is significantly higher than FEMVX's 3.44% return.

EVLU

• 1D: 2.98%
• 1M: -10.26%
• YTD: 4.44%
• 6M: 14.87%
• 1Y: 38.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEMVX

• 1D: -0.74%
• 1M: -11.53%
• YTD: 3.44%
• 6M: 11.46%
• 1Y: 34.15%
• 3Y*: 20.03%
• 5Y*: 8.45%
• 10Y*: —

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

EVLU vs. FEMVX - Expense Ratio Comparison

EVLU has a 0.35% expense ratio, which is higher than FEMVX's 0.22% expense ratio.

EVLU

iShares MSCI Emerging Markets Value Factor ETF

FEMVX

Fidelity SAI Emerging Markets Value Index Fund

Return for Risk

EVLU vs. FEMVX — Risk / Return Rank

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

EVLU

EVLU Risk / Return Rank: 89
EVLU Sharpe Ratio Rank: 89
EVLU Sortino Ratio Rank: 90
EVLU Omega Ratio Rank: 90
EVLU Calmar Ratio Rank: 89
EVLU Martin Ratio Rank: 87

FEMVX

FEMVX Risk / Return Rank: 90
FEMVX Sharpe Ratio Rank: 92
FEMVX Sortino Ratio Rank: 90
FEMVX Omega Ratio Rank: 89
FEMVX Calmar Ratio Rank: 91
FEMVX Martin Ratio Rank: 89

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. FEMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Fidelity SAI Emerging Markets Value Index Fund (FEMVX). 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	FEMVX	Difference
Sharpe ratio Return per unit of total volatility	1.95	1.99	-0.05
Sortino ratio Return per unit of downside risk	2.58	2.56	+0.01
Omega ratio Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio Return relative to maximum drawdown	2.89	2.58	+0.32
Martin ratio Return relative to average drawdown	10.74	9.89	+0.85
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. FEMVX - Sharpe Ratio Comparison

The current EVLU Sharpe Ratio is 1.95, which is comparable to the FEMVX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of EVLU and FEMVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVLU	FEMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.99	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.90	+0.58

Correlation

The correlation between EVLU and FEMVX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EVLU vs. FEMVX - Dividend Comparison

EVLU's dividend yield for the trailing twelve months is around 4.98%, more than FEMVX's 3.83% yield.

	TTM	2025	2024	2023	2022	2021
EVLU iShares MSCI Emerging Markets Value Factor ETF	4.98%	5.20%	1.03%	0.00%	0.00%	0.00%
FEMVX Fidelity SAI Emerging Markets Value Index Fund	3.83%	3.97%	3.65%	4.73%	4.87%	5.00%

Drawdowns

EVLU vs. FEMVX - Drawdown Comparison

The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum FEMVX drawdown of -30.54%. Use the drawdown chart below to compare losses from any high point for EVLU and FEMVX.

Drawdown Indicators

	EVLU	FEMVX	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-30.54%	+13.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-12.20%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.54%	—
Current Drawdown Current decline from peak	-10.30%	-12.20%	+1.90%
Average Drawdown Average peak-to-trough decline	-3.58%	-7.85%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.18%	+0.36%

Volatility

EVLU vs. FEMVX - Volatility Comparison

iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 9.59% compared to Fidelity SAI Emerging Markets Value Index Fund (FEMVX) at 8.58%. This indicates that EVLU's price experiences larger fluctuations and is considered to be riskier than FEMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLU	FEMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	8.58%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	12.78%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	17.10%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	15.29%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	15.72%	+3.32%