KSA vs. EVLU
KSA (iShares MSCI Saudi Arabia ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - KSA tracks the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, KSA returned 3.56% vs 72.04% for EVLU. At a 0.41 correlation, their price movements are largely independent. KSA charges 0.74%/yr vs 0.35%/yr for EVLU.
Performance
KSA vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, KSA achieves a 4.97% return, which is significantly lower than EVLU's 34.01% return.
KSA
- 1D
- -1.27%
- 1M
- -1.32%
- YTD
- 4.97%
- 6M
- 4.43%
- 1Y
- 3.56%
- 3Y*
- 0.52%
- 5Y*
- 1.95%
- 10Y*
- 7.46%
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSA vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 4.97% | -8.20% | -0.31% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between KSA and EVLU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.41 |
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Return for Risk
KSA vs. EVLU — Risk / Return Rank
KSA
EVLU
KSA vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| KSA | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.67 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 5.61 | -5.31 |
| Martin ratioReturn relative to average drawdown | 0.69 | 20.79 | -20.10 |
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
| KSA | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 3.80 | -3.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 2.23 | -1.93 |
Drawdowns
KSA vs. EVLU - Drawdown Comparison
The maximum KSA drawdown since its inception was -40.56%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for KSA and EVLU.
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Drawdown Indicators
| KSA | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -17.17% | -23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -12.90% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -16.69% | -2.27% | -14.42% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -3.48% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 3.48% | +1.70% |
Volatility
KSA vs. EVLU - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 3.70%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that KSA experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSA | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 9.17% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 16.23% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 19.04% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 19.93% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 19.93% | +0.11% |
KSA vs. EVLU - Expense Ratio Comparison
KSA has a 0.74% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
KSA vs. EVLU - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.81%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.81% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Frequently Asked Questions
KSA and EVLU have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.17%) compared to KSA (3.70%). In terms of maximum drawdown, KSA dropped -40.56% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 3.56% for KSA. On fees, EVLU is cheaper at 0.35% per year. On volatility, KSA has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 72.04% return vs 3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.74% for KSA.
EVLU has the higher dividend yield at 3.88%, compared with 2.81% for KSA.
KSA tracks MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.74% for KSA and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 0.21), 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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