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UAE vs. EMOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UAE vs. EMOP

Last updated Jun 4, 2026

UAE (iShares MSCI UAE ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. UAE is passively managed, while EMOP is actively managed. At a 0.38 correlation, their price movements are largely independent. UAE charges 0.59%/yr vs 0.70%/yr for EMOP.

Performance

UAE vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI UAE ETF (UAE) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UAE achieves a -2.82% return, which is significantly lower than EMOP's 32.56% return.

UAE

1D
-1.38%
1M
-2.11%
YTD
-2.82%
6M
-0.47%
1Y
4.41%
3Y*
12.18%
5Y*
8.83%
10Y*
5.59%

EMOP

1D
-0.72%
1M
8.86%
YTD
32.56%
6M
34.94%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UAE vs. EMOP - Yearly Performance Comparison

2026 (YTD)2025
UAE
iShares MSCI UAE ETF		-2.82%13.64%
EMOP
AB Emerging Markets Opportunities ETF		32.56%16.69%

Correlation

The correlation between UAE and EMOP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 20, 2025

0.38

UAE vs. EMOP - Sectors Allocation Comparison

Sectors
UAE
EMOP

Financial Services

38.0%
24.0%

Real Estate

20.5%
2.3%

Industrials

11.4%
8.1%

Communication Services

9.6%
12.3%

Energy

8.3%
2.6%

Consumer Cyclical

5.2%
7.8%

Utilities

4.3%
2.8%

Consumer Defensive

1.7%
1.4%

Technology

1.0%
30.3%

Basic Materials

0.1%
7.0%

Healthcare

-

1.6%

Financial Services

UAE
38.0%
EMOP
24.0%

Real Estate

UAE
20.5%
EMOP
2.3%

Industrials

UAE
11.4%
EMOP
8.1%

Communication Services

UAE
9.6%
EMOP
12.3%

Energy

UAE
8.3%
EMOP
2.6%

Consumer Cyclical

UAE
5.2%
EMOP
7.8%

Utilities

UAE
4.3%
EMOP
2.8%

Consumer Defensive

UAE
1.7%
EMOP
1.4%

Technology

UAE
1.0%
EMOP
30.3%

Basic Materials

UAE
0.1%
EMOP
7.0%

Healthcare

UAE

-

EMOP
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI UAE ETF

AB Emerging Markets Opportunities ETF

Often compared with UAE:
UAE vs. KSAUAE vs. QATUAE vs. SPYUAE vs. VOOUAE vs. STLAUAE vs. EWZUAE vs. XLP
Often compared with EMOP:
EMOP vs. AGEMEMOP vs. RNEMEMOP vs. BUFCEMOP vs. GEMEMOP vs. PIEEMOP vs. LRGCEMOP vs. DGRE

Return for Risk

UAE vs. EMOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UAE
UAE Risk / Return Rank: 1111
Overall Rank
UAE Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
UAE Sortino Ratio Rank: 1111
Sortino Ratio Rank
UAE Omega Ratio Rank: 1111
Omega Ratio Rank
UAE Calmar Ratio Rank: 1111
Calmar Ratio Rank
UAE Martin Ratio Rank: 1111
Martin Ratio Rank
EMOP
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.

UAE vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) and AB Emerging Markets Opportunities ETF (EMOP). 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.

UAEEMOPDifference
Sharpe ratioReturn per unit of total volatility
0.20

—

—

Sortino ratioReturn per unit of downside risk
0.44

—

—

Omega ratioGain probability vs. loss probability

1.06

—

—

Calmar ratioReturn relative to maximum drawdown

0.21

—

—

Martin ratioReturn relative to average drawdown

0.53

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UAE vs. EMOP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

UAEEMOPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.20

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

2.93

-2.87

Drawdowns

UAE vs. EMOP - Drawdown Comparison

The maximum UAE drawdown since its inception was -60.49%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for UAE and EMOP.

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Drawdown Indicators

UAEEMOPDifference

Max Drawdown

Largest peak-to-trough decline

-60.49%

-12.88%

-47.61%

Max Drawdown (1Y)

Largest decline over 1 year

-21.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-21.50%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-27.47%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-49.71%

—

—

Current Drawdown

Current decline from peak

-16.42%

-0.72%

-15.70%

Average Drawdown

Average peak-to-trough decline

-23.91%

-1.90%

-22.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.37%

—

—

Volatility

UAE vs. EMOP - Volatility Comparison

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Volatility by Period

UAEEMOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.49%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

19.05%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

21.99%

19.85%

+2.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.77%

19.85%

-1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.54%

19.85%

-0.31%

UAE vs. EMOP - Expense Ratio Comparison

UAE has a 0.59% expense ratio, which is lower than EMOP's 0.70% expense ratio.

Dividends

UAE vs. EMOP - Dividend Comparison

UAE's dividend yield for the trailing twelve months is around 4.22%, more than EMOP's 0.82% yield.

PositionTTM20252024202320222021202020192018201720162015
EMOP
AB Emerging Markets Opportunities ETF		0.82%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UAE
iShares MSCI UAE ETF		4.22%4.10%3.32%3.25%2.67%4.88%4.75%3.54%5.56%3.38%4.74%3.77%

Frequently Asked Questions

UAE and EMOP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UAE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UAE is cheaper with a 0.59% expense ratio, compared with 0.70% for EMOP.

UAE has the higher dividend yield at 4.22%, compared with 0.82% for EMOP.

They also come from different issuers: iShares and AllianceBernstein. Their fees differ too: 0.59% for UAE and 0.70% for EMOP.

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