IEMG vs. VMO
Compare and contrast key facts about iShares Core MSCI Emerging Markets ETF (IEMG) and Invesco Municipal Opportunity Trust (VMO).
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
IEMG vs. VMO - Performance Comparison
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IEMG vs. VMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 4.55% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
VMO Invesco Municipal Opportunity Trust | 1.72% | 6.57% | 7.73% | 1.54% | -24.29% | 12.95% | 8.89% | 16.23% | -4.54% | 3.05% |
Returns By Period
In the year-to-date period, IEMG achieves a 4.55% return, which is significantly higher than VMO's 1.72% return. Over the past 10 years, IEMG has outperformed VMO with an annualized return of 8.31%, while VMO has yielded a comparatively lower 1.84% annualized return.
IEMG
- 1D
- 0.76%
- 1M
- -6.83%
- YTD
- 4.55%
- 6M
- 7.62%
- 1Y
- 33.51%
- 3Y*
- 16.36%
- 5Y*
- 4.53%
- 10Y*
- 8.31%
VMO
- 1D
- 0.42%
- 1M
- -3.79%
- YTD
- 1.72%
- 6M
- 2.53%
- 1Y
- 8.33%
- 3Y*
- 5.79%
- 5Y*
- -0.59%
- 10Y*
- 1.84%
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Return for Risk
IEMG vs. VMO — Risk / Return Rank
IEMG
VMO
IEMG vs. VMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) and Invesco Municipal Opportunity Trust (VMO). 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.
| IEMG | VMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 0.84 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.25 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.35 | +1.23 |
Martin ratioReturn relative to average drawdown | 9.84 | 4.14 | +5.70 |
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
| IEMG | VMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.84 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | -0.05 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.15 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.26 | +0.03 |
Correlation
The correlation between IEMG and VMO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IEMG vs. VMO - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.63%, less than VMO's 7.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.63% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
VMO Invesco Municipal Opportunity Trust | 7.85% | 7.84% | 6.44% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.95% | 5.98% | 6.73% | 6.33% |
Drawdowns
IEMG vs. VMO - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.71%, smaller than the maximum VMO drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for IEMG and VMO.
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Drawdown Indicators
| IEMG | VMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -50.11% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -6.59% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -37.70% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -37.70% | -1.01% |
Current DrawdownCurrent decline from peak | -9.40% | -10.60% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -9.88% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.15% | +1.31% |
Volatility
IEMG vs. VMO - Volatility Comparison
iShares Core MSCI Emerging Markets ETF (IEMG) has a higher volatility of 9.35% compared to Invesco Municipal Opportunity Trust (VMO) at 4.02%. This indicates that IEMG's price experiences larger fluctuations and is considered to be riskier than VMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMG | VMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 4.02% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 6.07% | +8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 10.01% | +9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 11.43% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 12.65% | +7.19% |