IMVP vs. RNEM
IMVP (Invesco India ETF) and RNEM (First Trust Emerging Markets Equity Select ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while RNEM tracks the Nasdaq Riskalyze Emerging Markets Equity Select Index. Both are passively managed. Over the past 5 years, IMVP returned 2.53%/yr vs 5.66%/yr for RNEM. Their 0.58 correlation means they have sometimes moved together and sometimes differently. IMVP charges 0.78%/yr vs 0.75%/yr for RNEM.
Performance
IMVP vs. RNEM - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -13.59% return, which is significantly lower than RNEM's 4.10% return.
IMVP
- 1D
- 1.09%
- 1M
- 1.29%
- 6M
- -12.62%
- YTD
- -13.59%
- 1Y
- -11.95%
- 3Y*
- 2.31%
- 5Y*
- 2.53%
- 10Y*
- 7.75%
- ALL TIME*
- 3.41%
RNEM
- 1D
- 0.14%
- 1M
- 4.17%
- 6M
- 0.60%
- YTD
- 4.10%
- 1Y
- 9.49%
- 3Y*
- 7.48%
- 5Y*
- 5.66%
- 10Y*
- —
- ALL TIME*
- 4.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.34M | $1.44M | $1.19M | |
| $36.95K | $31.61K | $54.56K |
IMVP vs. RNEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -13.59% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 15.05% |
RNEM First Trust Emerging Markets Equity Select ETF | 4.10% | 15.58% | -1.47% | 23.43% | -8.75% | 6.16% | -8.16% | 12.76% | -9.34% | 11.97% |
Correlation
The correlation between IMVP and RNEM is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017 | 0.58 |
The correlation between IMVP and RNEM shifts across timeframes, from 0.58 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IMVP vs. RNEM — Risk / Return Rank
IMVP
RNEM
IMVP vs. RNEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and First Trust Emerging Markets Equity Select ETF (RNEM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMVP | RNEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.14 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.89 | -1.49 |
| Martin ratioReturn relative to average drawdown | -1.16 | 2.35 | -3.52 |
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Drawdowns
IMVP vs. RNEM - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than RNEM's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for IMVP and RNEM.
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Drawdown Indicators
| IMVP | RNEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -38.38% | -26.16% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -10.71% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -13.09% | -12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -21.41% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -21.44% | -2.19% | -19.25% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -9.22% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 4.04% | +6.24% |
Volatility
IMVP vs. RNEM - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 3.39% compared to First Trust Emerging Markets Equity Select ETF (RNEM) at 3.09%. This indicates that IMVP's price experiences larger fluctuations and is considered to be riskier than RNEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | RNEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.09% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 10.83% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 12.51% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 14.47% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 17.14% | +2.37% |
IMVP vs. RNEM - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than RNEM's 0.75% expense ratio.
Dividends
IMVP vs. RNEM - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.66%, more than RNEM's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.66% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
RNEM First Trust Emerging Markets Equity Select ETF | 2.28% | 2.75% | 3.45% | 1.63% | 2.99% | 3.20% | 3.01% | 2.85% | 2.85% | 2.28% | 0.00% | 0.00% |
Frequently Asked Questions
IMVP and RNEM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (3.39%) compared to RNEM (3.09%). In terms of maximum drawdown, IMVP dropped -64.54% vs RNEM's -38.38%.
On 5-year performance, RNEM leads with 5.66% vs 2.53% for IMVP. On fees, RNEM is cheaper at 0.75% per year. On volatility, RNEM has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RNEM has performed better with a 5.66% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RNEM is cheaper with a 0.75% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 11.66%, compared with 2.28% for RNEM.
IMVP tracks FTSE India Quality and Yield Select Index, while RNEM tracks Nasdaq Riskalyze Emerging Markets Equity Select Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.78% for IMVP and 0.75% for RNEM.
RNEM currently has the higher Sharpe Ratio (0.76 vs -0.73), 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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