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IMVP vs. JPEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMVP vs. JPEM

Last updated Jun 4, 2026

IMVP (Invesco India ETF) and JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while JPEM tracks the JPMorgan Diversified Factor Emerging Markets Equity Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 8.07%/yr for JPEM. A 0.61 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.44%/yr for JPEM.

Performance

IMVP vs. JPEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco India ETF (IMVP) and J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than JPEM's 7.19% return. Both investments have delivered pretty close results over the past 10 years, with IMVP having a 8.19% annualized return and JPEM not far behind at 8.07%.

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%

JPEM

1D
-1.27%
1M
0.82%
YTD
7.19%
6M
8.77%
1Y
22.34%
3Y*
13.77%
5Y*
6.03%
10Y*
8.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMVP vs. JPEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMVP
Invesco India ETF		-16.08%1.30%9.07%22.82%-9.35%23.68%18.41%14.26%-7.55%38.51%
JPEM
J.P. Morgan Diversified Return Emerging Markets Equity ETF		7.19%22.90%4.23%11.01%-9.03%8.11%-0.46%16.21%-10.55%28.80%

Correlation

The correlation between IMVP and JPEM 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

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2015

0.61

The correlation between IMVP and JPEM shifts across timeframes, from 0.48 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco India ETF

J.P. Morgan Diversified Return Emerging Markets Equity ETF

Often compared with IMVP:
IMVP vs. INDAIMVP vs. INDEIMVP vs. GLINIMVP vs. INDYIMVP vs. RSPIMVP vs. EPIIMVP vs. FLIN
Often compared with JPEM:
JPEM vs. VWOJPEM vs. EEMJPEM vs. SCHEJPEM vs. EMQQJPEM vs. JEPIJPEM vs. EELVJPEM vs. SCHD

Return for Risk

IMVP vs. JPEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMVP
IMVP Risk / Return Rank: 11
Overall Rank
IMVP Sharpe Ratio Rank: 11
Sharpe Ratio Rank
IMVP Sortino Ratio Rank: 22
Sortino Ratio Rank
IMVP Omega Ratio Rank: 22
Omega Ratio Rank
IMVP Calmar Ratio Rank: 22
Calmar Ratio Rank
IMVP Martin Ratio Rank: 00
Martin Ratio Rank
JPEM
JPEM Risk / Return Rank: 4848
Overall Rank
JPEM Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
JPEM Sortino Ratio Rank: 4848
Sortino Ratio Rank
JPEM Omega Ratio Rank: 5151
Omega Ratio Rank
JPEM Calmar Ratio Rank: 4444
Calmar Ratio Rank
JPEM Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMVP vs. JPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM). 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.

IMVPJPEMDifference
Sharpe ratioReturn per unit of total volatility
-1.05
1.73

-2.78

Sortino ratioReturn per unit of downside risk
-1.46
2.40

-3.87

Omega ratioGain probability vs. loss probability

0.83

1.32

-0.49

Calmar ratioReturn relative to maximum drawdown

-0.79

2.17

-2.96

Martin ratioReturn relative to average drawdown

-1.84

8.14

-9.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMVP vs. JPEM - Sharpe Ratio Comparison

The current IMVP Sharpe Ratio is -1.05, which is lower than the JPEM Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of IMVP and JPEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IMVPJPEMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.05

1.73

-2.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.45

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.48

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.33

-0.22

Drawdowns

IMVP vs. JPEM - Drawdown Comparison

The maximum IMVP drawdown since its inception was -64.54%, which is greater than JPEM's maximum drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for IMVP and JPEM.

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Drawdown Indicators

IMVPJPEMDifference

Max Drawdown

Largest peak-to-trough decline

-64.54%

-40.22%

-24.32%

Max Drawdown (1Y)

Largest decline over 1 year

-21.44%

-10.32%

-11.12%

Max Drawdown (3Y)

Largest decline over 3 years

-25.80%

-14.30%

-11.50%

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

-21.57%

-4.23%

Max Drawdown (10Y)

Largest decline over 10 years

-39.69%

-40.22%

+0.53%

Current Drawdown

Current decline from peak

-23.71%

-3.08%

-20.63%

Average Drawdown

Average peak-to-trough decline

-16.70%

-9.47%

-7.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.16%

2.75%

+6.41%

Volatility

IMVP vs. JPEM - Volatility Comparison

Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) at 4.59%. This indicates that IMVP's price experiences larger fluctuations and is considered to be riskier than JPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMVPJPEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

4.59%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

14.16%

11.23%

+2.93%

Volatility (1Y)

Calculated over the trailing 1-year period

16.17%

12.96%

+3.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

13.49%

+2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.59%

17.04%

+2.55%

IMVP vs. JPEM - Expense Ratio Comparison

IMVP has a 0.78% expense ratio, which is higher than JPEM's 0.44% expense ratio.

Dividends

IMVP vs. JPEM - Dividend Comparison

IMVP's dividend yield for the trailing twelve months is around 8.81%, more than JPEM's 4.40% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
JPEM
J.P. Morgan Diversified Return Emerging Markets Equity ETF		4.40%4.65%5.12%4.46%4.71%4.40%2.85%3.47%2.79%2.14%1.28%3.22%

Frequently Asked Questions

IMVP and JPEM 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 JPEM (4.59%). In terms of maximum drawdown, IMVP dropped -64.54% vs JPEM's -40.22%.

On 10-year performance, IMVP leads with 8.19% vs 8.07% for JPEM. On fees, JPEM is cheaper at 0.44% per year. On volatility, JPEM has been the lower-risk option at 4.59%. 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 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JPEM is cheaper with a 0.44% expense ratio, compared with 0.78% for IMVP.

IMVP has the higher dividend yield at 8.81%, compared with 4.40% for JPEM.

IMVP tracks FTSE India Quality and Yield Select Index, while JPEM tracks JPMorgan Diversified Factor Emerging Markets Equity Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.78% for IMVP and 0.44% for JPEM.

JPEM currently has the higher Sharpe Ratio (1.73 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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