FANG vs. IEMG
FANG (Diamondback Energy, Inc.) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, FANG returned 11.24%/yr vs 9.88%/yr for IEMG. At a 0.33 correlation, their price movements are largely independent.
Performance
FANG vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, FANG achieves a 33.36% return, which is significantly higher than IEMG's 18.97% return. Over the past 10 years, FANG has outperformed IEMG with an annualized return of 11.24%, while IEMG has yielded a comparatively lower 9.88% annualized return.
FANG
- 1D
- 2.89%
- 1M
- 5.61%
- YTD
- 33.36%
- 6M
- 27.27%
- 1Y
- 44.64%
- 3Y*
- 18.70%
- 5Y*
- 22.65%
- 10Y*
- 11.24%
IEMG
- 1D
- 1.70%
- 1M
- -3.66%
- YTD
- 18.97%
- 6M
- 20.80%
- 1Y
- 40.80%
- 3Y*
- 20.51%
- 5Y*
- 6.57%
- 10Y*
- 9.88%
FANG vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 33.36% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
IEMG iShares Core MSCI Emerging Markets ETF | 18.97% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between FANG and IEMG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.33 |
The correlation between FANG and IEMG shifts across timeframes, from -0.07 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FANG vs. IEMG — Risk / Return Rank
FANG
IEMG
FANG vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| FANG | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.10 | +0.48 |
| Martin ratioReturn relative to average drawdown | 7.07 | 11.68 | -4.61 |
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
| FANG | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.99 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.35 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.49 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.33 | +0.14 |
Drawdowns
FANG vs. IEMG - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FANG and IEMG.
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Drawdown Indicators
| FANG | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.72% | -38.71% | -50.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -13.21% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -42.10% | -17.21% | -24.89% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -35.75% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -88.72% | -38.71% | -50.01% |
Current DrawdownCurrent decline from peak | -6.74% | -7.00% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -19.39% | -12.97% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 3.50% | +2.83% |
Volatility
FANG vs. IEMG - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 11.35% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 10.33%. This indicates that FANG's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FANG | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 10.33% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 23.88% | 18.35% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.51% | 20.62% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 18.62% | +19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.06% | 20.14% | +28.92% |
Dividends
FANG vs. IEMG - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 2.09%, less than IEMG's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 2.09% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.31% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
FANG and IEMG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (11.35%) compared to IEMG (10.33%). In terms of maximum drawdown, FANG dropped -88.72% vs IEMG's -38.71%.
IEMG currently has the higher Sharpe Ratio (1.99 vs 1.43), 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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