EVLU vs. IVV

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Emerging Markets Value Factor ETF (EVLU) and iShares Core S&P 500 ETF (IVV).

EVLU and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both EVLU and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EVLU vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Value Factor ETF (EVLU) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

EVLU vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLU iShares MSCI Emerging Markets Value Factor ETF	4.90%	38.54%	1.61%
IVV iShares Core S&P 500 ETF	-3.67%	17.85%	9.14%

Returns By Period

In the year-to-date period, EVLU achieves a 4.90% return, which is significantly higher than IVV's -3.67% return.

EVLU

• 1D: 0.44%
• 1M: -8.64%
• YTD: 4.90%
• 6M: 14.34%
• 1Y: 38.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVV

• 1D: 0.74%
• 1M: -4.30%
• YTD: -3.67%
• 6M: -1.44%
• 1Y: 18.17%
• 3Y*: 18.58%
• 5Y*: 11.92%
• 10Y*: 14.11%

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

EVLU vs. IVV - Expense Ratio Comparison

EVLU has a 0.35% expense ratio, which is higher than IVV's 0.03% expense ratio.

EVLU

iShares MSCI Emerging Markets Value Factor ETF

IVV

iShares Core S&P 500 ETF

Return for Risk

EVLU vs. IVV — Risk / Return Rank

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

EVLU

EVLU Risk / Return Rank: 88
EVLU Sharpe Ratio Rank: 88
EVLU Sortino Ratio Rank: 89
EVLU Omega Ratio Rank: 89
EVLU Calmar Ratio Rank: 87
EVLU Martin Ratio Rank: 86

IVV

IVV Risk / Return Rank: 60
IVV Sharpe Ratio Rank: 53
IVV Sortino Ratio Rank: 57
IVV Omega Ratio Rank: 61
IVV Calmar Ratio Rank: 58
IVV Martin Ratio Rank: 69

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. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.00	+0.95
Sortino ratio Return per unit of downside risk	2.57	1.52	+1.05
Omega ratio Gain probability vs. loss probability	1.38	1.23	+0.15
Calmar ratio Return relative to maximum drawdown	2.96	1.54	+1.42
Martin ratio Return relative to average drawdown	10.82	7.28	+3.54
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. IVV - Sharpe Ratio Comparison

The current EVLU Sharpe Ratio is 1.94, which is higher than the IVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of EVLU and IVV, 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	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.00	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	0.42	+1.07

Correlation

The correlation between EVLU and IVV is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EVLU vs. IVV - Dividend Comparison

EVLU's dividend yield for the trailing twelve months is around 4.96%, more than IVV's 1.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVLU iShares MSCI Emerging Markets Value Factor ETF	4.96%	5.20%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVV iShares Core S&P 500 ETF	1.22%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Drawdowns

EVLU vs. IVV - Drawdown Comparison

The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for EVLU and IVV.

Drawdown Indicators

	EVLU	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-55.25%	+38.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-12.06%	-1.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-9.91%	-5.57%	-4.34%
Average Drawdown Average peak-to-trough decline	-3.60%	-10.84%	+7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.55%	+1.04%

Volatility

EVLU vs. IVV - Volatility Comparison

iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 8.15% compared to iShares Core S&P 500 ETF (IVV) at 5.34%. This indicates that EVLU's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVLU	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	5.34%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	9.47%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	18.31%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	16.89%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	18.03%	+0.99%