UEVM vs. EVLU
UEVM (VictoryShares Emerging Markets Value Momentum ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both exchange-traded funds - UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index, while EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, UEVM returned 24.92% vs 72.04% for EVLU. Their correlation of 0.86 suggests significant overlap in exposure. UEVM charges 0.45%/yr vs 0.35%/yr for EVLU.
Performance
UEVM vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, UEVM achieves a 8.99% return, which is significantly lower than EVLU's 34.01% return.
UEVM
- 1D
- -1.86%
- 1M
- 0.77%
- YTD
- 8.99%
- 6M
- 8.31%
- 1Y
- 24.92%
- 3Y*
- 18.34%
- 5Y*
- 7.55%
- 10Y*
- —
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UEVM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UEVM VictoryShares Emerging Markets Value Momentum ETF | 8.99% | 22.74% | 3.43% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between UEVM and EVLU is 0.83, 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 | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.86 |
The correlation between UEVM and EVLU has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
UEVM vs. EVLU — Risk / Return Rank
UEVM
EVLU
UEVM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) 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.
| UEVM | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.67 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 5.61 | -3.06 |
| Martin ratioReturn relative to average drawdown | 8.65 | 20.79 | -12.14 |
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
| UEVM | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 3.80 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 2.23 | -1.91 |
Drawdowns
UEVM vs. EVLU - Drawdown Comparison
The maximum UEVM drawdown since its inception was -45.44%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for UEVM and EVLU.
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Drawdown Indicators
| UEVM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -17.17% | -28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -12.90% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | -2.27% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -3.48% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.48% | -0.59% |
Volatility
UEVM vs. EVLU - Volatility Comparison
The current volatility for VictoryShares Emerging Markets Value Momentum ETF (UEVM) is 5.15%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that UEVM 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
| UEVM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 9.17% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 16.23% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 19.04% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 19.93% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 19.93% | -1.54% |
UEVM vs. EVLU - Expense Ratio Comparison
UEVM has a 0.45% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
UEVM vs. EVLU - Dividend Comparison
UEVM's dividend yield for the trailing twelve months is around 3.05%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 3.05% | 4.02% | 5.65% | 4.71% | 3.46% | 4.49% | 2.19% | 2.79% | 2.34% | 0.79% |
Frequently Asked Questions
UEVM and EVLU have a correlation of 0.83, 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 UEVM (5.15%). In terms of maximum drawdown, UEVM dropped -45.44% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 24.92% for UEVM. On fees, EVLU is cheaper at 0.35% per year. On volatility, UEVM has been the lower-risk option at 5.15%. 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 24.92%. 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 0.45% for UEVM.
EVLU has the higher dividend yield at 3.88%, compared with 3.05% for UEVM.
UEVM is categorized as Momentum, while EVLU is Emerging Markets Equities. UEVM tracks Nasdaq Victory Emerging Market Value Momentum Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: Victory Capital and iShares. Their fees differ too: 0.45% for UEVM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 1.65), 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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