IMVP vs. EDIV
IMVP (Invesco India ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while EDIV tracks the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 9.16%/yr for EDIV. A 0.62 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.49%/yr for EDIV.
Performance
IMVP vs. EDIV - 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 EDIV's 6.42% return. Over the past 10 years, IMVP has underperformed EDIV with an annualized return of 8.19%, while EDIV has yielded a comparatively higher 9.16% annualized return.
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%
EDIV
- 1D
- -1.27%
- 1M
- 2.48%
- YTD
- 6.42%
- 6M
- 7.80%
- 1Y
- 14.08%
- 3Y*
- 19.05%
- 5Y*
- 10.66%
- 10Y*
- 9.16%
IMVP vs. EDIV - 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% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 6.42% | 16.45% | 12.75% | 41.91% | -15.31% | 11.21% | -9.95% | 11.80% | -6.16% | 28.20% |
Correlation
The correlation between IMVP and EDIV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
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 25, 2011 | 0.62 |
The correlation between IMVP and EDIV shifts across timeframes, from 0.44 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IMVP vs. EDIV — Risk / Return Rank
IMVP
EDIV
IMVP vs. EDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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 | EDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.22 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.37 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.84 | 4.23 | -6.07 |
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 | EDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 1.16 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.78 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.53 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.17 | -0.05 |
Drawdowns
IMVP vs. EDIV - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than EDIV's maximum drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for IMVP and EDIV.
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Drawdown Indicators
| IMVP | EDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -53.36% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -10.36% | -11.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -13.84% | -11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -28.32% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -40.76% | +1.07% |
Current DrawdownCurrent decline from peak | -23.71% | -4.07% | -19.64% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -19.36% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.34% | +5.82% |
Volatility
IMVP vs. EDIV - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.11%. This indicates that IMVP's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | EDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 4.11% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 10.03% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 12.19% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 13.83% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 17.49% | +2.10% |
IMVP vs. EDIV - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than EDIV's 0.49% expense ratio.
Dividends
IMVP vs. EDIV - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than EDIV's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDIV SPDR S&P Emerging Markets Dividend ETF | 4.50% | 4.69% | 3.94% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.94% | 5.33% |
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 EDIV have a correlation of 0.52, 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 EDIV (4.11%). In terms of maximum drawdown, IMVP dropped -64.54% vs EDIV's -53.36%.
On 10-year performance, EDIV leads with 9.16% vs 8.19% for IMVP. On fees, EDIV is cheaper at 0.49% per year. On volatility, EDIV has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDIV has performed better with a 9.16% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDIV 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 4.50% for EDIV.
IMVP tracks FTSE India Quality and Yield Select Index, while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.78% for IMVP and 0.49% for EDIV.
EDIV currently has the higher Sharpe Ratio (1.16 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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