OAEM vs. EVLU
OAEM (OneAscent Emerging Markets ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds. OAEM is actively managed, while EVLU is passively managed. Over the past year, OAEM returned 43.91% vs 52.71% for EVLU. Their correlation of 0.80 means they have usually moved in the same direction. OAEM charges 1.25%/yr vs 0.35%/yr for EVLU.
Performance
OAEM vs. EVLU - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OAEM having a 26.54% return and EVLU slightly lower at 26.39%.
OAEM
- 1D
- 0.83%
- 1M
- -2.87%
- 6M
- 13.83%
- YTD
- 26.54%
- 1Y
- 43.91%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.43%
EVLU
- 1D
- 0.12%
- 1M
- 0.50%
- 6M
- 16.81%
- YTD
- 26.39%
- 1Y
- 52.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $154.42K | $144.62K | $121.49K | |
| $452.20K | $547.88K | $1.41M |
OAEM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OAEM OneAscent Emerging Markets ETF | 26.54% | 26.67% | 0.03% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 26.39% | 38.54% | 1.21% |
Correlation
The correlation between OAEM and EVLU is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.80 |
The correlation between OAEM and EVLU has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
OAEM vs. EVLU — Risk / Return Rank
OAEM
EVLU
OAEM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) 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.
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.
| OAEM | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 4.01 | -1.16 |
| Martin ratioReturn relative to average drawdown | 9.24 | 11.62 | -2.38 |
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Drawdowns
OAEM vs. EVLU - Drawdown Comparison
The maximum OAEM drawdown since its inception was -17.05%, roughly equal to the maximum EVLU drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for OAEM and EVLU.
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Drawdown Indicators
| OAEM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -17.17% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -12.90% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | — | — |
Current DrawdownCurrent decline from peak | -10.37% | -7.82% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -3.75% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 4.44% | +0.20% |
Volatility
OAEM vs. EVLU - Volatility Comparison
OneAscent Emerging Markets ETF (OAEM) has a higher volatility of 10.55% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 6.36%. This indicates that OAEM's price experiences larger fluctuations and is considered to be riskier 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
| OAEM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 6.36% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.40% | 18.46% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.41% | 20.91% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 20.37% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 20.37% | +0.56% |
OAEM vs. EVLU - Expense Ratio Comparison
OAEM has a 1.25% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
OAEM vs. EVLU - Dividend Comparison
OAEM's dividend yield for the trailing twelve months is around 0.61%, less than EVLU's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.85% | 5.20% | 1.03% | 0.00% | 0.00% |
OAEM OneAscent Emerging Markets ETF | 0.61% | 0.77% | 0.91% | 1.63% | 0.04% |
Frequently Asked Questions
OAEM and EVLU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAEM has higher volatility (10.55%) compared to EVLU (6.36%). In terms of maximum drawdown, OAEM dropped -17.05% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 52.71% vs 43.91% for OAEM. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 6.36%. 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 52.71% return vs 43.91%. 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 1.25% for OAEM.
EVLU has the higher dividend yield at 3.85%, compared with 0.61% for OAEM.
They also come from different issuers: Oneascent and iShares. Their fees differ too: 1.25% for OAEM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.47 vs 1.57), 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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