UAE vs. EVLU
UAE (iShares MSCI UAE ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds from iShares - UAE tracks the MSCI All UAE Capped Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, UAE returned 4.41% vs 72.04% for EVLU. At a 0.35 correlation, their price movements are largely independent. UAE charges 0.59%/yr vs 0.35%/yr for EVLU.
Performance
UAE vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, UAE achieves a -2.82% return, which is significantly lower than EVLU's 34.01% 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%
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAE vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UAE iShares MSCI UAE ETF | -2.82% | 21.35% | 9.20% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between UAE and EVLU is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.35 |
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Return for Risk
UAE vs. EVLU — Risk / Return Rank
UAE
EVLU
UAE vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) 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.
| UAE | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.60 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.67 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 5.61 | -5.41 |
| Martin ratioReturn relative to average drawdown | 0.53 | 20.79 | -20.26 |
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
| UAE | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 3.80 | -3.60 |
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 | 2.23 | -2.17 |
Drawdowns
UAE vs. EVLU - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.49%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for UAE and EVLU.
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Drawdown Indicators
| UAE | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.49% | -17.17% | -43.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -12.90% | -8.60% |
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 DrawdownCurrent decline from peak | -16.42% | -2.27% | -14.15% |
Average DrawdownAverage peak-to-trough decline | -23.91% | -3.48% | -20.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 3.48% | +4.89% |
Volatility
UAE vs. EVLU - Volatility Comparison
The current volatility for iShares MSCI UAE ETF (UAE) is 6.49%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that UAE 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
| UAE | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 9.17% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 16.23% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 19.04% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 19.93% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.93% | -0.39% |
UAE vs. EVLU - Expense Ratio Comparison
UAE has a 0.59% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
UAE vs. EVLU - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 4.22%, more 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% |
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 EVLU have a correlation of 0.37, 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 UAE (6.49%). In terms of maximum drawdown, UAE dropped -60.49% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 4.41% for UAE. On fees, EVLU is cheaper at 0.35% per year. On volatility, UAE has been the lower-risk option at 6.49%. 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 4.41%. 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 0.59% for UAE.
UAE has the higher dividend yield at 4.22%, compared with 3.88% for EVLU.
UAE tracks MSCI All UAE Capped Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). Their fees differ too: 0.59% for UAE and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 0.20), 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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