IMVP vs. DVYE
IMVP (Invesco India ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 7.87%/yr for DVYE. A 0.58 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.49%/yr for DVYE.
Performance
IMVP vs. DVYE - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than DVYE's 10.48% return. Both investments have delivered pretty close results over the past 10 years, with IMVP having a 8.19% annualized return and DVYE not far behind at 7.87%.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
DVYE
- 1D
- -1.77%
- 1M
- -0.95%
- YTD
- 10.48%
- 6M
- 10.81%
- 1Y
- 28.16%
- 3Y*
- 21.97%
- 5Y*
- 4.79%
- 10Y*
- 7.87%
IMVP vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
DVYE iShares Emerging Markets Dividend ETF | 10.48% | 28.36% | 8.89% | 20.88% | -31.38% | 11.02% | -2.51% | 15.41% | -5.56% | 27.04% |
Correlation
The correlation between IMVP and DVYE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012 | 0.58 |
The correlation between IMVP and DVYE shifts across timeframes, from 0.39 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IMVP vs. DVYE — Risk / Return Rank
IMVP
DVYE
IMVP vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and iShares Emerging Markets Dividend ETF (DVYE). 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.
| IMVP | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.34 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 4.36 | -5.15 |
| Martin ratioReturn relative to average drawdown | -1.84 | 12.49 | -14.33 |
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
| IMVP | DVYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 1.98 | -3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.28 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.43 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.16 | -0.05 |
Drawdowns
IMVP vs. DVYE - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than DVYE's maximum drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for IMVP and DVYE.
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Drawdown Indicators
| IMVP | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -47.42% | -17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -6.49% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -14.63% | -11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -40.89% | +15.09% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -40.89% | +1.20% |
Current DrawdownCurrent decline from peak | -23.71% | -4.05% | -19.66% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -15.38% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 2.26% | +6.90% |
Volatility
IMVP vs. DVYE - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to iShares Emerging Markets Dividend ETF (DVYE) at 5.67%. This indicates that IMVP's price experiences larger fluctuations and is considered to be riskier than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.67% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 11.62% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 14.32% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.99% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 18.40% | +1.19% |
IMVP vs. DVYE - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than DVYE's 0.49% expense ratio.
Dividends
IMVP vs. DVYE - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than DVYE's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 5.13% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
IMVP Invesco India ETF | 8.81% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
Frequently Asked Questions
IMVP and DVYE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (6.00%) compared to DVYE (5.67%). In terms of maximum drawdown, IMVP dropped -64.54% vs DVYE's -47.42%.
On 10-year performance, IMVP leads with 8.19% vs 7.87% for DVYE. On fees, DVYE is cheaper at 0.49% per year. On volatility, DVYE has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMVP has performed better with a 8.19% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVYE is cheaper with a 0.49% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 5.13% for DVYE.
IMVP tracks FTSE India Quality and Yield Select Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.78% for IMVP and 0.49% for DVYE.
DVYE currently has the higher Sharpe Ratio (1.98 vs -1.05), 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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