FISV vs. EEM

Last updated Jul 16, 2026

FISV (Fiserv, Inc) is a stock, while EEM (iShares MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). Over the past 10 years, FISV returned -0.91%/yr vs 8.63%/yr for EEM. At a 0.47 correlation, their price movements are largely independent.

Performance

FISV vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiserv, Inc (FISV) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISV achieves a -25.03% return, which is significantly lower than EEM's 20.47% return. Over the past 10 years, FISV has underperformed EEM with an annualized return of -0.91%, while EEM has yielded a comparatively higher 8.63% annualized return.

FISV

• 1D: 1.66%
• 1M: 5.11%
• 6M: -25.39%
• YTD: -25.03%
• 1Y: -69.37%
• 3Y*: -26.72%
• 5Y*: -14.65%
• 10Y*: -0.91%

EEM

• 1D: -0.15%
• 1M: -5.99%
• 6M: 14.13%
• YTD: 20.47%
• 1Y: 37.33%
• 3Y*: 19.75%
• 5Y*: 6.59%
• 10Y*: 8.63%

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

FISV vs. EEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISV Fiserv, Inc	-25.03%	-67.30%	54.64%	31.43%	-2.62%	-8.84%	-1.53%	57.34%	12.09%	23.38%
EEM iShares MSCI Emerging Markets ETF	20.47%	33.98%	6.49%	8.95%	-20.56%	-3.63%	17.02%	18.22%	-15.31%	37.26%

Correlation

The correlation between FISV and EEM is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 14, 2003	0.47

The correlation between FISV and EEM shifts across timeframes, from -0.03 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FISV vs. EEM — Risk / Return Rank

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

FISV

FISV Risk / Return Rank: 5
FISV Sharpe Ratio Rank: 2
FISV Sortino Ratio Rank: 4
FISV Omega Ratio Rank: 1
FISV Calmar Ratio Rank: 4
FISV Martin Ratio Rank: 14

EEM

EEM Risk / Return Rank: 62
EEM Sharpe Ratio Rank: 59
EEM Sortino Ratio Rank: 53
EEM Omega Ratio Rank: 63
EEM Calmar Ratio Rank: 69
EEM Martin Ratio Rank: 65

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.

FISV vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiserv, Inc (FISV) and iShares MSCI Emerging Markets ETF (EEM). 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.

	FISV	EEM	Difference
Sharpe ratio: Return per unit of total volatility	-1.21	1.59	-2.80
Sortino ratio: Return per unit of downside risk	-1.81	2.10	-3.92
Omega ratio: Gain probability vs. loss probability	0.65	1.30	-0.66
Calmar ratio: Return relative to maximum drawdown	-0.97	2.77	-3.74
Martin ratio: Return relative to average drawdown	-1.26	9.32	-10.58

FISV vs. EEM - Sharpe Ratio Comparison

The current FISV Sharpe Ratio is -1.21, which is lower than the EEM Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FISV and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FISV vs. EEM - Drawdown Comparison

The maximum FISV drawdown since its inception was -80.16%, which is greater than EEM's maximum drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for FISV and EEM.

Drawdown Indicators

	FISV	EEM	Difference
Max Drawdown Largest peak-to-trough decline	-80.16%	-66.43%	-13.73%
Max Drawdown (1Y) Largest decline over 1 year	-71.81%	-13.52%	-58.29%
Max Drawdown (3Y) Largest decline over 3 years	-80.16%	-17.29%	-62.87%
Max Drawdown (5Y) Largest decline over 5 years	-80.16%	-35.20%	-44.96%
Max Drawdown (10Y) Largest decline over 10 years	-80.16%	-39.82%	-40.34%
Current Drawdown Current decline from peak	-78.82%	-7.92%	-70.90%
Average Drawdown Average peak-to-trough decline	-11.33%	-15.97%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.98%	4.02%	+50.96%

Volatility

FISV vs. EEM - Volatility Comparison

Fiserv, Inc (FISV) has a higher volatility of 16.11% compared to iShares MSCI Emerging Markets ETF (EEM) at 10.50%. This indicates that FISV's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISV	EEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.11%	10.50%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	30.16%	21.59%	+8.57%
Volatility (1Y) Calculated over the trailing 1-year period	57.57%	23.59%	+33.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.24%	19.73%	+16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.96%	20.71%	+11.25%

Dividends

FISV vs. EEM - Dividend Comparison

FISV has not paid dividends to shareholders, while EEM's dividend yield for the trailing twelve months is around 1.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEM iShares MSCI Emerging Markets ETF	1.70%	2.22%	2.43%	2.63%	2.50%	1.99%	1.45%	2.76%	2.24%	1.89%	1.89%	2.49%
FISV Fiserv, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FISV and EEM in my portfolio?

FISV and EEM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISV or EEM?

FISV has higher volatility (16.11%) compared to EEM (10.50%). In terms of maximum drawdown, FISV dropped -80.16% vs EEM's -66.43%.

Which has better risk-adjusted returns?

EEM currently has the higher Sharpe Ratio (1.59 vs -1.21), 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.