FOF vs. IEMG
Compare and contrast key facts about Cohen & Steers Closed-End Opportunity Fund (FOF) and iShares Core MSCI Emerging Markets ETF (IEMG).
FOF is an actively managed fund by Cohen & Steers. It was launched on Nov 24, 2006. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012.
Performance
FOF vs. IEMG - Performance Comparison
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FOF vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | -0.96% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 23.41% |
IEMG iShares Core MSCI Emerging Markets ETF | 3.76% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Returns By Period
In the year-to-date period, FOF achieves a -0.96% return, which is significantly lower than IEMG's 3.76% return. Over the past 10 years, FOF has outperformed IEMG with an annualized return of 10.65%, while IEMG has yielded a comparatively lower 8.23% annualized return.
FOF
- 1D
- 1.83%
- 1M
- -10.52%
- YTD
- -0.96%
- 6M
- 2.28%
- 1Y
- 15.30%
- 3Y*
- 14.99%
- 5Y*
- 8.04%
- 10Y*
- 10.65%
IEMG
- 1D
- 3.61%
- 1M
- -9.13%
- YTD
- 3.76%
- 6M
- 7.65%
- 1Y
- 33.09%
- 3Y*
- 16.07%
- 5Y*
- 4.37%
- 10Y*
- 8.23%
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FOF vs. IEMG - Expense Ratio Comparison
FOF has a 0.95% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Return for Risk
FOF vs. IEMG — Risk / Return Rank
FOF
IEMG
FOF vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) 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.
| FOF | IEMG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.68 | -0.85 |
Sortino ratioReturn per unit of downside risk | 1.27 | 2.27 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.48 | -1.50 |
Martin ratioReturn relative to average drawdown | 3.97 | 9.61 | -5.64 |
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
| FOF | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.68 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.25 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.42 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.28 | +0.03 |
Correlation
The correlation between FOF and IEMG is 0.46, 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
FOF vs. IEMG - Dividend Comparison
FOF's dividend yield for the trailing twelve months is around 8.14%, more than IEMG's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | 8.14% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.65% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Drawdowns
FOF vs. IEMG - Drawdown Comparison
The maximum FOF drawdown since its inception was -59.38%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FOF and IEMG.
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Drawdown Indicators
| FOF | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -38.71% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -13.21% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -35.93% | +5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -49.74% | -38.71% | -11.03% |
Current DrawdownCurrent decline from peak | -13.52% | -10.08% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -13.11% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.41% | +0.32% |
Volatility
FOF vs. IEMG - Volatility Comparison
The current volatility for Cohen & Steers Closed-End Opportunity Fund (FOF) is 6.09%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 10.48%. This indicates that FOF experiences smaller price fluctuations and is considered to be less risky 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
| FOF | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 10.48% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 14.67% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 19.78% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 17.91% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 19.84% | +0.41% |