IMVP vs. EMCS
IMVP (Invesco India ETF) and EMCS (Xtrackers MSCI Emerging Markets Climate Selection ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while EMCS tracks the MSCI Emerging Markets Climate Select Index. Both are passively managed. Over the past 5 years, IMVP returned 2.42%/yr vs 7.95%/yr for EMCS. A 0.56 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.15%/yr for EMCS.
Performance
IMVP vs. EMCS - 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 EMCS's 33.83% 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%
EMCS
- 1D
- -1.20%
- 1M
- 13.15%
- YTD
- 33.83%
- 6M
- 37.78%
- 1Y
- 64.32%
- 3Y*
- 27.65%
- 5Y*
- 7.95%
- 10Y*
- —
IMVP vs. EMCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | 2.89% |
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF | 33.83% | 38.71% | 10.12% | 5.68% | -23.58% | -2.02% | 19.72% | 19.54% | -0.59% |
Correlation
The correlation between IMVP and EMCS is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018 | 0.56 |
The correlation between IMVP and EMCS has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
IMVP vs. EMCS — Risk / Return Rank
IMVP
EMCS
IMVP vs. EMCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS). 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 | EMCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.52 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 4.51 | -5.30 |
| Martin ratioReturn relative to average drawdown | -1.84 | 17.47 | -19.31 |
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 | EMCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.89 | -3.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.39 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.55 | -0.43 |
Drawdowns
IMVP vs. EMCS - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than EMCS's maximum drawdown of -44.86%. Use the drawdown chart below to compare losses from any high point for IMVP and EMCS.
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Drawdown Indicators
| IMVP | EMCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -44.86% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -14.32% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -16.73% | -9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -42.06% | +16.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -23.71% | -1.20% | -22.51% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -16.61% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.69% | +5.47% |
Volatility
IMVP vs. EMCS - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 6.00%, while Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) has a volatility of 9.86%. This indicates that IMVP experiences smaller price fluctuations and is considered to be less risky than EMCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | EMCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 9.86% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 19.42% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 22.37% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 20.62% | -4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 21.65% | -2.06% |
IMVP vs. EMCS - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than EMCS's 0.15% expense ratio.
Dividends
IMVP vs. EMCS - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than EMCS's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF | 1.24% | 1.66% | 0.67% | 3.07% | 2.26% | 1.46% | 1.40% | 3.56% | 0.00% | 0.00% | 0.00% | 0.00% |
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 EMCS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMCS has higher volatility (9.86%) compared to IMVP (6.00%). In terms of maximum drawdown, IMVP dropped -64.54% vs EMCS's -44.86%.
On 5-year performance, EMCS leads with 7.95% vs 2.42% for IMVP. On fees, EMCS is cheaper at 0.15% per year. On volatility, IMVP has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMCS has performed better with a 7.95% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMCS is cheaper with a 0.15% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 1.24% for EMCS.
IMVP tracks FTSE India Quality and Yield Select Index, while EMCS tracks MSCI Emerging Markets Climate Select Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.78% for IMVP and 0.15% for EMCS.
EMCS currently has the higher Sharpe Ratio (2.89 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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