JPEM vs. DVYE

Last updated Jun 5, 2026

JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - JPEM tracks the JPMorgan Diversified Factor Emerging Markets Equity Index while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index. Both are passively managed. Over the past 10 years, JPEM returned 7.80%/yr vs 7.81%/yr for DVYE. Their correlation of 0.85 suggests significant overlap in exposure. JPEM charges 0.44%/yr vs 0.49%/yr for DVYE.

Performance

JPEM vs. DVYE - Performance Comparison

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

Returns By Period

In the year-to-date period, JPEM achieves a 7.27% return, which is significantly lower than DVYE's 10.74% return. Both investments have delivered pretty close results over the past 10 years, with JPEM having a 7.80% annualized return and DVYE not far ahead at 7.81%.

JPEM

• 1D: 0.07%
• 1M: -0.46%
• YTD: 7.27%
• 6M: 8.61%
• 1Y: 22.05%
• 3Y*: 13.62%
• 5Y*: 6.05%
• 10Y*: 7.80%

DVYE

• 1D: 0.23%
• 1M: -2.08%
• YTD: 10.74%
• 6M: 11.14%
• 1Y: 28.60%
• 3Y*: 22.07%
• 5Y*: 4.84%
• 10Y*: 7.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPEM vs. DVYE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	7.27%	22.90%	4.23%	11.01%	-9.03%	8.11%	-0.46%	16.21%	-10.55%	28.80%
DVYE iShares Emerging Markets Dividend ETF	10.74%	28.36%	8.89%	20.88%	-31.38%	11.02%	-2.51%	15.41%	-5.56%	27.04%

Correlation

The correlation between JPEM and DVYE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 12, 2015	0.85

The correlation between JPEM and DVYE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

JPEM vs. DVYE - Sectors Allocation Comparison

Sectors	JPEM	DVYE
Financial Services	19.1%	28.4%
Industrials	13.1%	16.8%
Basic Materials	11.3%	8.6%
Consumer Cyclical	10.0%	4.3%
Utilities	9.2%	7.4%
Consumer Defensive	8.6%	2.4%
Communication Services	8.4%	1.9%
Energy	7.5%	19.1%
Technology	6.7%	7.3%
Healthcare	4.3%	-
Real Estate	1.8%	3.7%

Return for Risk

JPEM vs. DVYE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPEM

JPEM Risk / Return Rank: 49
JPEM Sharpe Ratio Rank: 50
JPEM Sortino Ratio Rank: 49
JPEM Omega Ratio Rank: 52
JPEM Calmar Ratio Rank: 44
JPEM Martin Ratio Rank: 48

DVYE

DVYE Risk / Return Rank: 66
DVYE Sharpe Ratio Rank: 61
DVYE Sortino Ratio Rank: 58
DVYE Omega Ratio Rank: 58
DVYE Calmar Ratio Rank: 83
DVYE Martin Ratio Rank: 69

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.

JPEM vs. DVYE - Risk-Adjusted Trends Comparison

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

	JPEM	DVYE	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.01	-0.30
Sortino ratio: Return per unit of downside risk	2.38	2.71	-0.34
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.14	4.42	-2.28
Martin ratio: Return relative to average drawdown	8.02	12.61	-4.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEM vs. DVYE - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.71, which is comparable to the DVYE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of JPEM and DVYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPEM	DVYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.01	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.29	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.43	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.16	+0.17

Drawdowns

JPEM vs. DVYE - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for JPEM and DVYE.

Drawdown Indicators

	JPEM	DVYE	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-47.42%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-6.49%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-14.63%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-40.89%	+19.32%
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	-40.89%	+0.67%
Current Drawdown Current decline from peak	-3.01%	-3.83%	+0.82%
Average Drawdown Average peak-to-trough decline	-9.47%	-15.37%	+5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.27%	+0.49%

Volatility

JPEM vs. DVYE - Volatility Comparison

The current volatility for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) is 4.38%, while iShares Emerging Markets Dividend ETF (DVYE) has a volatility of 5.48%. This indicates that JPEM experiences smaller price fluctuations and is considered to be less risky than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEM	DVYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	5.48%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	11.61%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	14.32%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	16.99%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	18.39%	-1.35%

JPEM vs. DVYE - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is lower than DVYE's 0.49% expense ratio.

Dividends

JPEM vs. DVYE - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.40%, less than DVYE's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYE iShares Emerging Markets Dividend ETF	5.11%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%
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

Can I hold both JPEM and DVYE in my portfolio?

JPEM and DVYE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEM or DVYE?

DVYE has higher volatility (5.48%) compared to JPEM (4.38%). In terms of maximum drawdown, JPEM dropped -40.22% vs DVYE's -47.42%.

Which ETF is better, JPEM or DVYE?

On 10-year performance, DVYE leads with 7.81% vs 7.80% for JPEM. On fees, JPEM is cheaper at 0.44% per year. On volatility, JPEM has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEM or DVYE?

Over the 10-year period, DVYE has performed better with a 7.81% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEM or DVYE?

JPEM is cheaper with a 0.44% expense ratio, compared with 0.49% for DVYE.

Which ETF pays a higher dividend yield, JPEM or DVYE?

DVYE has the higher dividend yield at 5.11%, compared with 4.40% for JPEM.

What is the main difference between JPEM and DVYE?

JPEM tracks JPMorgan Diversified Factor Emerging Markets Equity Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.44% for JPEM and 0.49% for DVYE.

Which has better risk-adjusted returns?

DVYE currently has the higher Sharpe Ratio (2.01 vs 1.71), 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.