IEMG vs. VWO
Compare and contrast key facts about iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard FTSE Emerging Markets ETF (VWO).
IEMG and VWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both IEMG and VWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEMG or VWO.
Performance
IEMG vs. VWO - Performance Comparison
Returns By Period
In the year-to-date period, IEMG achieves a 8.35% return, which is significantly lower than VWO's 11.71% return. Both investments have delivered pretty close results over the past 10 years, with IEMG having a 3.32% annualized return and VWO not far ahead at 3.36%.
IEMG
8.35%
-4.77%
1.02%
12.58%
3.88%
3.32%
VWO
11.71%
-4.06%
3.31%
15.58%
4.50%
3.36%
Key characteristics
| IEMG | VWO | |
|---|---|---|
| Sharpe Ratio | 0.79 | 1.01 |
| Sortino Ratio | 1.20 | 1.50 |
| Omega Ratio | 1.15 | 1.19 |
| Calmar Ratio | 0.47 | 0.63 |
| Martin Ratio | 3.79 | 5.01 |
| Ulcer Index | 3.14% | 2.98% |
| Daily Std Dev | 15.00% | 14.73% |
| Max Drawdown | -38.72% | -67.68% |
| Current Drawdown | -14.18% | -10.08% |
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IEMG vs. VWO - Expense Ratio Comparison
IEMG has a 0.14% expense ratio, which is higher than VWO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IEMG and VWO is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEMG vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
Dividends
IEMG vs. VWO - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.74%, more than VWO's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.74% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
VWO Vanguard FTSE Emerging Markets ETF | 2.65% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
IEMG vs. VWO - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.72%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for IEMG and VWO. For additional features, visit the drawdowns tool.
Volatility
IEMG vs. VWO - Volatility Comparison
iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 4.61% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.