SEMVX vs. IEMG

Last updated Jun 4, 2026

SEMVX (Hartford Schroders Emerging Mkts Eq A) and IEMG (iShares Core MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds. Over the past 10 years, SEMVX returned 11.98%/yr vs 10.41%/yr for IEMG. Their correlation of 0.91 suggests significant overlap in exposure. SEMVX charges 1.46%/yr vs 0.09%/yr for IEMG.

Performance

SEMVX vs. IEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders Emerging Mkts Eq A (SEMVX) and iShares Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMVX achieves a 35.83% return, which is significantly higher than IEMG's 26.21% return. Over the past 10 years, SEMVX has outperformed IEMG with an annualized return of 11.98%, while IEMG has yielded a comparatively lower 10.41% annualized return.

SEMVX

• 1D: 1.19%
• 1M: 12.95%
• YTD: 35.83%
• 6M: 39.53%
• 1Y: 74.89%
• 3Y*: 28.13%
• 5Y*: 8.77%
• 10Y*: 11.98%

IEMG

• 1D: -1.34%
• 1M: 7.97%
• YTD: 26.21%
• 6M: 28.63%
• 1Y: 52.58%
• 3Y*: 23.55%
• 5Y*: 7.58%
• 10Y*: 10.41%

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

SEMVX vs. IEMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEMVX Hartford Schroders Emerging Mkts Eq A	35.83%	39.88%	7.36%	8.61%	-22.55%	-5.37%	23.24%	21.85%	-15.78%	40.54%
IEMG iShares Core MSCI Emerging Markets ETF	26.21%	32.56%	6.50%	11.52%	-19.98%	-0.64%	17.87%	17.81%	-14.92%	37.38%

Correlation

The correlation between SEMVX and IEMG is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012	0.91

The correlation between SEMVX and IEMG has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

SEMVX vs. IEMG — Risk / Return Rank

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

SEMVX

SEMVX Risk / Return Rank: 93
SEMVX Sharpe Ratio Rank: 97
SEMVX Sortino Ratio Rank: 90
SEMVX Omega Ratio Rank: 91
SEMVX Calmar Ratio Rank: 92
SEMVX Martin Ratio Rank: 93

IEMG

IEMG Risk / Return Rank: 79
IEMG Sharpe Ratio Rank: 82
IEMG Sortino Ratio Rank: 77
IEMG Omega Ratio Rank: 81
IEMG Calmar Ratio Rank: 77
IEMG Martin Ratio Rank: 78

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.

SEMVX vs. IEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Emerging Mkts Eq A (SEMVX) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.

	SEMVX	IEMG	Difference
Sharpe ratio: Return per unit of total volatility	3.75	2.72	+1.03
Sortino ratio: Return per unit of downside risk	4.47	3.53	+0.94
Omega ratio: Gain probability vs. loss probability	1.68	1.50	+0.18
Calmar ratio: Return relative to maximum drawdown	5.08	4.00	+1.08
Martin ratio: Return relative to average drawdown	20.49	15.38	+5.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMVX vs. IEMG - Sharpe Ratio Comparison

The current SEMVX Sharpe Ratio is 3.75, which is higher than the IEMG Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of SEMVX and IEMG, 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

	SEMVX	IEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.75	2.72	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.41	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.52	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.35	-0.05

Drawdowns

SEMVX vs. IEMG - Drawdown Comparison

The maximum SEMVX drawdown since its inception was -65.19%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for SEMVX and IEMG.

Drawdown Indicators

	SEMVX	IEMG	Difference
Max Drawdown Largest peak-to-trough decline	-65.19%	-38.71%	-26.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-13.21%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.77%	-17.21%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-40.02%	-35.83%	-4.19%
Max Drawdown (10Y) Largest decline over 10 years	-42.77%	-38.71%	-4.06%
Current Drawdown Current decline from peak	0.00%	-1.34%	+1.34%
Average Drawdown Average peak-to-trough decline	-17.77%	-12.97%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	3.43%	+0.24%

Volatility

SEMVX vs. IEMG - Volatility Comparison

Hartford Schroders Emerging Mkts Eq A (SEMVX) has a higher volatility of 9.02% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 8.31%. This indicates that SEMVX's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMVX	IEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.02%	8.31%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	17.25%	16.93%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	19.43%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	18.38%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	20.03%	-1.37%

SEMVX vs. IEMG - Expense Ratio Comparison

SEMVX has a 1.46% expense ratio, which is higher than IEMG's 0.09% expense ratio.

Dividends

SEMVX vs. IEMG - Dividend Comparison

SEMVX's dividend yield for the trailing twelve months is around 0.66%, less than IEMG's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEMG iShares Core MSCI Emerging Markets ETF	2.18%	2.75%	3.20%	2.89%	2.71%	3.06%	1.87%	3.15%	2.76%	2.35%	2.28%	2.53%
SEMVX Hartford Schroders Emerging Mkts Eq A	0.66%	0.90%	1.00%	1.31%	1.55%	0.16%	0.87%	1.98%	0.99%	0.59%	0.71%	0.63%

Frequently Asked Questions

Can I hold both SEMVX and IEMG in my portfolio?

With a correlation of 0.91, SEMVX and IEMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SEMVX or IEMG?

SEMVX has higher volatility (9.02%) compared to IEMG (8.31%). In terms of maximum drawdown, SEMVX dropped -65.19% vs IEMG's -38.71%.

Which has better risk-adjusted returns?

SEMVX currently has the higher Sharpe Ratio (3.75 vs 2.72), 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.